Jaya Tiasa Holdings Bhd
has resumed an uptrend after crossing the RM1.37 resistance, which represented a recent trading high. Going by the current momentum, the share looks poised to return to a multi-year high at RM1.47.
Looking at the technical indicators, there is a promising outlook as the slow-stochastic has rallied to overbought conditions of 88 points, but continues to ascend.The 14-day relative strength index (RSI) remains robust at 69 points while the daily moving average convergence and divergence (MACD) histogram in on the verge of charting a positive bar, which would signal a return to a bullish trend.
Support for the share is pegged to RM1.23 and RM1.13.
Theta Edge Bhd broke out of a sideways channel yesterday to extend another leg of a rally.Given its strong upward trajectory, the share is likely to continue on its journey towards a price target of RM1.50.
The slow-stochastic has made a positive crossing to suggest renewed bullish momentum at 64 points while the RSI continues to chart higher at 86 points.The MACD histogram is indicating a strong positive trend as it charted a higher positive bar.
Support can be found at 83 sen and 75 sen.
Deleum Bhd has been moving attempting to scale a resistance of RM1.34, a crossing of which would bring the stock to a higher leg of trading. A continued rally could see the share hit a higher resistance of RM1.87, which represents a fresh multi-year high.
The technical indicators are all pointing higher, as the stock looks ready to resume its ascent.The slow-stochastic has rebounded to 67 points after having neutralised from overbought levels of trading last week.Meanwhile, the RSI is pacing higher at 74 points and the MACD histogram remains positive.
Support for the share lies at RM1.21 and RM1.12.
The comments above do not represent a recommendation to buy or sell.
