Alcom
reversed from an early high of RM2.08, the best level since December 2004, to close marginally lower.
Technically, the very overbought condition of the stochastic and the 14-day relative strength index (RSI) suggest correction is imminent and should that happen, investors can consider accumulating more on dips. Initial resistance is expected at the RM2.20 barrier.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
