Support Line

CLIQ Energy has been range-bound on consolidation the past several days following a bounce from the 62.5-sen level (now turns support). Going forward, prices are likely to firm on renewed buying interest, with the moving average convergence/divergence histogram returning to the positive territory. Initial resistance is anticipated at the 75.5-sen barrier.

LIEN Hoe Corp recovered to a two-week high of 39 sen during intra-day session amid bargain hunting interest. Based on the daily chart, a successful penetration of the 42-sen barrier would signal the resumption of the mending process, en route to the 60-sen mark. As for the downside, the immediate support is resting at the 33.5-sen floor.