Aurelius Technologies Bhd
continues to ride the growing momentum following a gap higher earlier this week.
While the share has been taking a breather, the technical indices continue to rise, indicating bullish momentum. The slow-stochastic has risen to 40 points, on the verge of a bullish crossing, while the 14-day relative strength index (RSI) is at a robust 61 points.
The daily moving average convergence/divergence (MACD) has charted successively higher bars, reflecting the growing momentum.
Resistance levels for the stock is at RM3.63 and RM3.89.
Support, meanwhile, rests at RM3.25 and RM3.10.
PIE Industrial Bhd is travelling along a horizontal line, near the 50-day simple moving average (SMA) as it looks for a way out of the ongoing consolidation.
Going by the technical indices, the weakness is set to end as positive momentum returns.
The slow-stochastic is righting itself at 45 points, while the 14-day RSI is moving higher at 51 points. The daily MACD histogram is charting shorter negative bars, with a view towards turning positive.
Resistance is seen at RM4.76 and RM6.43, while support can be found at RM3.87 and RM2.79.
MR DIY Group (M) Bhd has been trading sideways over the last two weeks following the end of a correction phase.
While the share has yet to retrace its losses, the rising momentum in the indicators is painting a positive picture. The slow-stochastic has made a bullish crossing to 40 points, which suggests a return to growing momentum.
The RSI has hit 48 points, appoaching the midpoint to indicate strong momentum. The MACD histogram is charting shorter negative bars as it bides a return to positive momentum.
Should the buying resume, the share is expected to rise towards a recent high of RM1.80. Further ahead, it could hit a seven-month high of RM2.52.
Support is seen at RM1.55 and RM1.29.
