Nationgate Holdings Bhd
has returned above a positive trend line after a rebound earlier this month. At present, the share is looking bullish above rising short-term 14 and 21-day simple moving averages (SMAs), and looks set to maintain an upward trajectory.
There are some signs the uptrend could stall as the slow-stochastic has slipped below the overbought line.
However, other indicators remains positive with the 14-day relative strength index (RSI) rising to 67 points and the daily moving average convergence/divergence (MACD) histogram charting positive bars.
Resistance is pegged to the share’s historical trading high of RM2.53, which is expected to be soon broken.
Support is found at RM2.30 and RM2.
TSH Resources Bhd is attempting to break above a recent trading high of RM1.29.A successful breach could see the share rise to a 20-month high of RM1.85.
The technical indicators support a breakout, with the slow-stochastic rising to 78 points and the RSI increasing to 61 points.
The MACD histogram has charted a higher positive bar for a third consecutively day.
Support lies at RM1.20 and RM1.16.
Supercomnet Technologies Bhd has recovered past the 50 and 100-day SMA lines, indicating a return of bullish sentiment.The share remains capped overhead by the 200-day SMA, hovering at the RM1.35 level, with more significant resistance at the RM1.45 level.
However, should the share bypass these hurdles, it is expected to resume a bullish rally with a a target of RM1.64.
The slow-stochastic has turned higher at 83 points while the RSI is also robust at 62 points.
The MACD histogram continues to chart successively higher bars in a sign of rising momentum.
Support is pegged to RM1.10 and 98 sen.
