Support Line

AirAsia X fell to an all-time low of 45.5 sen on March 25 on bearish extended-mode before stabilising in the wake of light bargain hunting interest. Apparently, the curving up signs of the stochastic and the 14-day relative strength index from the bottom offer hopes of a firmer trend in the short-term, but the upside potential is likely to be capped at the 57-sen barrier.

RENEWED buying pushed Hexza Corp shares to a 7½-month high of 84.5 sen during intra-day session. A decisive penetration of the relatively strong overhead resistance of 87.5 sen would see the bulls turning more aggressive, en route to the RM1.05 or the upper RM1.13 level in the near-term. Concrete support is resting at the 77-sen line.