Support Line

  • Business
  • Thursday, 19 May 2011


GREEN Packet shares finished a tick higher to 75 sen, also the seventh straight advance in a row amid continuous bargain hunting interest yesterday. A decisive push above the 85.5 sen heavy resistance barrier will give investors the confirmation that the counter is indeed on the recovery path. Current support is expected at the 70-sen mark.


HO Hup Construction gained for the third consecutive days, up 9.5 sen to 83.5 sen on follow-through buying yesterday. Technically, prices may scale in the short-term. If they can stage a major breakout of the 92 sen hurdle, the next logical upside to look for would be the RM1.20 level. The immediate support floor is pegged at the 74 sen-75 sen band.

Yinson Holdings

YINSON Holdings hit a high of RM1.23 during intra-day session yesterday, the best level since February 2000. Apparently, indicators still are painting a positive landscape, suggesting more scaling in the pipeline. A convincing breach of the RM1.40 mark is likely to propel prices to the RM1.65-RM1.66 band in the near term. Support is resting at the RM1.14-RM1.15 range.

● The comments above do not represent a recommendation to buy or sell.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Financial sector joint committee to strengthen response to climate risk
PepsiCo to sell Tropicana, other juice brands for US$3.3bil
Alibaba misses revenue estimates as e-commerce growth slows, regulatory crackdown persists
Dufu rides on robust demand for HDD � �
Tencent vows fresh gaming curbs after 'spiritual opium' attack zaps US$60bil
KLCI swings back above 1,500-level
Hartalega falls on caution about weaker prices
Infineon takes revenue hit from Malaysia shutdown
BMW says chip shortage, raw material prices to hit 2H
Infineon held back by tight supply, Malaysia plant hit by lockdown

Stories You'll Enjoy