TEX Cycle Technology Bhd has showed signs of a return to a rally yesterday as it rose on buying interest.
The share, which remains capped within a consolidation channel, could be attempting to cross the resistance at RM1.10, which would kickstart an uptrend.
The slow-stochastic has made a positive crossing at 65 points to signal bullish momentum while the 14-day relative strength index (RSI) is also looking strong at 70 points.
The daily moving average convergence/divergence (MACD) histogram has charted a positive bar to reflect the bullish momentum.
Support for the share is found at RM1 and 90 sen.
Farm Fresh Bhd
continues to idle in a sideways trajectory as it awaits the onset of a fresh buying lead to take it higher.
The share is near a historical closing high of RM1.88, which in crossing would see the resumption of a rally to new highs.
The technical indices are painting a positive picture as the slow-stochastic continues to rise at 46 points while the RSI is robust at 55 points.
However, the MACD histogram is looking a little dour as it has dipped into a longer negative bar, which signals the absence of a strong buying catalyst.
Support lies at RM1.81 and RM1.71.
Sunway Construction Group Bhd is sustaining an uptrend as it makes its way towards a historical trading high of RM5.30.
Despite a six-week march higher after a sudden correction on April 7, 2025, the share continues to display positive momentum without signs of fatigue.
On the technical indices, the slow-stochastic is at a healthy 61 points. The RSI is grazing overbought territory at 70 points while the MACD histogram continues to display a rising trend.
Support is pegged at RM4.48 and RM4.
The comments above do not represent a recommendation to buy or sell.
