Support Line

DKSH Holdings fell to a low of RM4.71 during intra-day session, the worst since May 2013 amid extended profit-taking activity.

Technically, the very oversold position on the stochastic and the 14-day relative strength index offer hopes of a relief rebound. But if the stock fails to do so and dip further, then the lower support of RM4.33 would be vulnerable. To the upside, the prevailing trend is bearish, as long as the declining 200-day simple moving average of RM5.62 is intact.