Pentamaster Corp Bhd is inching higher in what looks to be an attempt to escape its current range-bound channel.
The stock is facing resistance from the 100-day SMA but in the event of a convincing breach, the share price could jump ahead towards the next resistance of RM5.94.
There are indications on the technical indicators that the consolidation is ending. The slow-stochastic has stopped falling at just over 30 points, and is turning its head higher.
The RSI is also turning more bullish above 40 points.
Support for the stock is found at RM5.06 and RM4.80.
VS Industry Bhd jumped past the 50-day simple moving average (SMA) yesterday as it broke out of a consolidation channel.
Currently trading above all the key SMAs, the stock is en route to its historical intra-day high of RM3.13, achieved on Feb 26. A further advance will see the short-term 14 and 21-day SMAs turn their head higher, which will reinforce the renewed uptrend.
The technical outlook on this stock is bullish. The slow-stochastic has risen past 60 points while the 14-day relative strength index (RSI) has crossed 50 points.
Support for the stock is found at RM2.79 and RM2.65.
UWC Bhd is edging higher after having undergone a correction from March 3 to 9.
While progress has been slow, it is closing in on the 50-day SMA, a crossing of which would signal the return of bullish sentiment.
In the event of a convincing breach, the stock could rise towards a resistance of RM6.75.
The slow-stochastic has risen into overbought territory at 80 points but could progress further. The RSI is approaching the 50-point midline, suggesting growing bullishness.
The moving average convergence/divergence (MACD), meanwhile, is curving towards the signal line for a bullish crossing.
Support is pegged to RM5.15 and RM4.76.