Support Line

JASA KITA hit a high of 25 sen during intra-day session, the best since April 2007. Technically, prices are expected to consolidate soon, with prices approaching the heavy resistance of 30 sen and the short-term indicators painting a growing overbought condition. The next upper hurdle is resting at the 40-sen mark while support is lying at the 20 sen-23 sen band.

PRICEWORTH inched higher on renewed bargain-hunting interest. Based on the chart, prices are likely to encounter significant resistance at the 24-sen barrier. The next upper strong resistance is envisaged at the 26.5-sen level, of which a decisive penetration would signal a bullish turnaround. A slip below the 19.5-sen line will lead to a re-test of the all-time lows of 16 sen.