AFTER peaking temporarily at the 26-month high of RM3.54 on Aug 12, KPJ Healthcare
traded range-bound yesterday on consolidation due to mild profit taking. Although the stochastic is curving up from the neutral zone, the moving average convergence/divergence histogram remains in “sell” mode. Against the mixed backdrop, prices are likely to extend sideways until a clearer picture emerges. Support and strong resistance are envisaged at RM3.16 and RM3.62 respectively.
KPJ : [Stock Watch] [News]
