Poh Kong Holdings Bhd
is mounting a challenge on the 200-day simple moving average (SMA), en route to a recent high of RM1.14.
Despite closing on a flat note yesterday, the share is looking good to extend the recovery it has been on since April 10.
There are some indications of profit-taking at this level given the slow-stochastic has curved lower out of overbought territory.
However, the bullish momentum remains in intact with the 14-day relative strength index (RSI) rising to 56 points and the daily moving average convergence/divergence (MACD) histogram charting a longer positive bar.
Support for the share is pegged at RM1 and 93 sen.
AUMAS Resources Bhd rose for a sixth consecutive session yesterday in a bid to rise above the uppermost 50 and 100-day SMA lines.
The share needs to cross above the 85 sen recent high to resume an uptrend, following which it could arrive at a historical closing high of 97.5 sen.
However, the rally is losing some steam as the slow-stochastic is descending in overbought levels.
The other indicators maintain a bullish stance with the RSI at 52 points and the MACD charting higher positive bars, suggesting the uptrend could continue after a breather.
Support for the share lies at 56 sen and 45 sen.
MCE Holdings Bhd's recovery remains on track with the MACD histogram charting its first positive bar to indicate the resumption of positive momentum.
The share has had a positive last two days, returning to March levels of trading prior to the early April sell-off.
The slow-stochastic is slowing in overbought levels, suggesting a pause in the rally for now, while the RSI is strong at 53 points.
Support can be found at RM1.30 and RM1.03.
The comments above do not represent a recommendation to buy or sell.
