Aurelius Technologies Bhd
surged for a second straight day yesterday to erase all its losses during a correction earlier this month.
The share challenged the uppermost 200-day simple moving average (SMA) but failed to maintain its gains.
If successful, it could return to a recent high of RM3.25 and a January peak of RM3.63. The slow-stochastic has climbed to a strong 52 points while the 14-day relative strength index (RSI) is also robust at 50 points.
The daily moving average convergence/divergence (MACD) histogram is showing a short negative bar, on the verge of turning positive. Support for the share is pegged to RM2.70 and RM2.13.
Amway (M) Holdings Bhd’s rebound hit a wall yesterday with a bout of profit-taking.
The stock hit a downward-facing 21-day SMA line, which is serving as resistance to further recovery.
Upon crossing the hurdle, the share could be looking at retracing higher to price levels of RM5.80 and RM6.36.
As the slow-stochastic has dipped from overbought levels, the share is due for a period of consolidation.
The RSI is currently at 43 points while the MACD has charted growing positive momentum over the last three days. Support for the share lies at RM4.52 and RM4.16.
CCK Consolidated Holdings Bhd challenged the 100-day SMA line yesterday to suggest growing bullish sentiment.
The share is headed for the RM1.60 level, which was last hit on Jan 6. Crossing this could take it to a historical high of RM1.80.
There are indications that profit-taking could take place soon, given the slow-stochastic is showing signs of tapering in oversold conditions.
However, the uptrend remains intact with both a robust RSI at 62 points and ascending MACD histogram affirming the uptrend.
Support is found at the recent low of RM1.09, a breach of which could see the share descend to 80 sen.
