Berjaya Auto
BERJAYA Auto fell to a near one-year low of RM1.89 during intra-day session amid extended profit-taking selling activity. Apparently, the stochastic, the 14-day relative strength index and the moving average convergence/divergence histogram remain frail and despite reaching the oversold area, they show no signs of reversing up just yet, implying range-bound trading at best in the short-term. Stronger support floor is resting at the RM1.70-RM1.72 band while stiff resistance is expected at the RM2.10 barrier.
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