AWC Bhd
is facing some consolidation pressure after the recent rebound, although there remains upside momentum in the charts.
The share is being capped at the RM1.10 level, but the resistance is expected to be overcome, given the bullish momentum on the technical indices. The next support is seen at RM1.37.
The slow-stochastic has risen to a strong 77 points, while the RSI has bounced off the overbought line to 64 points.
The MACD histogram remains positive and on an upward trajectory.
On the downside, support is found at 82 sen and 69 sen.
KPJ Healthcare Bhd has risen above a descending trend line and crossed above the 50-day SMA line, suggesting a return to more bullish prospects.
The share has been recovering over the last five days, continuing to retrace higher towards an all-time trading high of RM2.54.
The slow-stochastic is at an overbought level of 84 points but remains on bullish mode.
The RSI is also strong at 61 points, while the MACD histogram is extending a positive bar.
Support for the share lies at RM2.17 and RM2.05.
Teo Seng Capital Bhd surged yesterday for a third consecutive day of gains, breaking free of the 100-day simple moving average (SMA) to signal bullish sentiment.
The daily price chart is looking positive with the share headed for its all-time trading high of RM1.33.
Although the share is showing signs of being overbought, the bullish momentum is strong with little indication of stopping.
The slow-stochastic is overbought at 90 points, while the 14-day relative strength index (RSI) is robust at 71 points.
The daily moving average convergence/divergence (MACD) histogram, meanwhile, is charting longer positive bars to reflect the growing uptrend.
Support for the share is pegged at RM1 and 83 sen.
