Market Trend

Bonia Corp recovered from the recent lows of RM1.72 on May 7 to a high of RM2.46 on June 20 before pausing. For now, the moving average convergence/divergence histogram remains bullish, implying there may be more upside potential in store. Current support and stiff resistance are seen at the RM2.20 and RM2.70-RM2.77 levels respectively.

NADAYU Prop shares recovered to a near two-year high of RM1.35 during intra-day session. Based on the daily chart, prices are expected to encounter stiff resistance at the RM1.42 to RM1.43 band, of which a breach would clear the way for more advances going forward, targeting the RM1.60 mark. Initial support is resting at the RM1.25 line, followed by the RM1.12 to RM1.15 range.