Westports Holdings Bhd
is continuing the ascending trend that began in October last year as it makes its ways towards a recent peak of RM3.88.
The share remains on a steady recovery path supported by the rising 50-day SMA which made a bullish crossing of the 200-day SMA earlier last week.
Higher still, the share is looking at a target of RM4.12, while support is seen at RM3.15 and RM3.04.
There is neutralisation pressure seen in the slow-stochastic as it descends from overbought territory, although the RSI remains bullish at 61 points.
Support for the share is found at RM3.60 and RM3.15.
WCE Holdings Bhd has found support above the 14-day simple moving average (SMA), which has halted the share’s descent for the time-being.
The share is looking to bounce back to a recent high of RM1.19, which in surpassing would see it resume an uptrend.Looking at the technical indices, the slow-stochastic has descended to 28 points.
In turning higher, the index could signal the end of the consolidation phase and the return of bullish momentum.
The 14-day relative strength index (RSI), meanwhile, remains robust at 67 points, while the daily moving average convergence/divergence (MACD) histogram remains positive.
Support levels are seen at RM1.03 and 80 sen.
TIME Dotcom Bhd rose sharply in intraday trade yesterday, but eased gains by the close of trading.
The share has maintained a bullish bias as it has paced higher since December last year.
It is eyeing the historical high of RM5.58, while support for the share is found at RM5.35 and RM4.86.
The slow-stochastic is strong at 55 points while the RSI is also solidly bullish at 65 points.
