SupportLine

Dutch Lady Milk Industries Bhd rose for a fifth straight day yesterday on a boost of positive momentum that affirmed the crossing of the 200-day simple moving average (SMA). On the back of robust momentum, the counter is looking to tackle a nine-month resistance of RM26.83, which in crossing would see it rise to RM30.35.

The technical indicators are looking strong with the slow-stochastic and 14-day relative strenght index (RSI) rising deep into overbought territory, indicating a period of neutralisation in the offing.However, the strong uptrend is expected to continue.