Prolexus Bhd
advanced for a second straight day yesterday, crossing the 200-day simple moving average (SMA) in intra-day trading.The recovery on the stock’s price chart continues to pick up as it attempts to retrace the correction that took place in the last week of June. Further progress could remain capped by the 200-day SMA although a breach of the resistance would see the share price head towards a higher target of 68.5 sen.
The stock sees support at 60 sen, and lower at 55 sen.
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