SupportLine


MN Holdings Bhd jumped yesterday on strong buying interest to its highest trading close on record.

Hitting a closing high of 41 sen, the share looks set to continue its uptrend as the technical indicators show bullish momentum.Gaining in strength, the slow-stochastic has risen to 56 points while the 14-day relative strength index (RSI) has entered overbought conditions at 73 points, but remains ascending.

While the share may advance further to uncharted territory, support for the stock lies at 37 sen and 30.5 sen.

DayangDayang

Dayang Enterprise Holdings Bhd continues to move in a sideways direction but continues to see a build up of upside momentum.The share is capped by a recent peak of RM1.97, which in overcoming could see a leap higher towards the RM2.50 level.

The slow-stochastic is sitting at 54 points while the RSI has risen to 56 points, which serve as healthy levels of momentum.While the daily moving average convergence and divergence (MACD) line is yet to rise its head, an uptick of buying interest could see a break out the immediate price hurdle.

Support for the share is pegged to RM1.75 and RM1.55.

ACOACO

ACO Group Bhd is seeing the onset of consolidation pressure following a spike in share price earlier this month.With the slow-stochastic turning its head lower, the indicator is suggesting a bout of profit-taking.

The MACD, however, remains on an ascending trajectory, suggesting the uptrend remains intact, while the RSI sits at a robust 69 points.Overhead resistance can been seen at the share's recent trading high of 29.5 sen, which in crossing would pave the way for a further advance to 36.5 sen.

Support, meanwhile, can be found at 25.5 sen and 20.5 sen.

The comments above do not represent a recommendation to buy or sell.

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MN Holdings , Dayang , ACO Group

   

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