EVERSENDAI Corp recovered significantly from an all-time low of 48.5 sen on Jan 12 amid bargain-hunting interest, but it is not out of the woods yet. Based on the daily chart, the prevailing trend remains bearish, as long as the 200-day simple moving average of 83 sen is intact. Initial support is envisaged at the 65 sen level.
PETALING Tin reversed from an early six-month high of 32 sen to close a shade lower owing to an apparent profit-taking activity. Despite the easier finish, the moving average convergence/divergence histogram retains the buy call, implying there may be more upside in the pipeline. Current support and resistance are seen at the 26 sen and 38-40 sen band respectively.
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