Support Line

 

Dutaland hit a high of 70.5 sen in early trading, the best level since November 2014, before reversing to close marginally lower at 64.5 sen owing to a bout of apparent profit taking. In spite of the easier finish and the stochastic nearing the overbought territory, other indicators like the moving average convergence/divergence histogram and the 14-day relative strength index (RSI) remain positive, implying there may be more upside potential in the pipeline. Initial resistance is expected at the 74.5-sen barrier and strong hurdle is resting at the 83-sen area while support is pegged at the 62-sen floor, which is the 14-day and 21-day simple moving average lines.