EA Technique
(M) Bhd jumped above the 50-day simple moving average (SMA) line yesterday as it sought to end a sideways trading phase.
The share is sitting at a resistance at 34 sen, which it is expected to cross before arriving at a higher price target of 39.5 sen.
Looking at the technical indicators, the momentum is looking bullish.
The slow-stochastic has risen to 59 points and the 14-day relative strength index sits at 64 points.
Support for the share is pegged to 28 sen and 24.5 sen.
Parkson Holdings Bhd reached above the short-term 14 and 21-day SMA lines yesterday and is angling to return to the 30 sen resistance.
A successful crossing of the obstacle could see the share return to the 37.5 sen high-point of 2023.
The slow-stochastic has arrived in overbought conditions at 95 points but remains pointing higher, while the RSI is at a strong level of 55 points.
The daily moving average convergence/divergence (MACD) histogram has turned positive to signal strong bullish momentum.
Support is found at 24.5 sen and 20 sen.
Karex Bhd’s uptrend is gaining strength amid growing bullish momentum.
On the daily price chart, the share is keeping afloat of the rising 14 and 21-day SMA lines, while the 50-day SMA is also moving higher amid the growing positive trend.
The share’s slow stochastic is at a robust 71 points while the RSI has grown to 65 points.
The MACD histogram, meanwhile, is on the verge of turning positive in a show of bullish momentum.
Overhead, the resistance levels are seen at 85 sen and 95 sen while support can be found at 56.5 sen and 51 sen.
The comments above do not represent a recommendation to buy or sell.
