Master TEC Group Bhd
rose yesterday amid a spike in trading volume to indicate an increase in buying interest.
The share, which had been showing consolidation pressure, could be aiming for a breakout with a return above a recent high of RM1.40.
On the technical indices, the slow-stochastic has given a bullish signal as it continues to retrace higher from oversold conditions.
The 14-day relative strength index (RSI) is strong at 60 points while the daily moving average convergence/divergence (MACD) histogram is also seeing rising momentum.
Higher resistance for the share stands at RM1.30 while support is found at RM1.08 and RM1.03.
LIANSON Fleet Group Bhd extended its rally yesterday, displaying robust momentum as it makes its way to a resistance pegged to a 10-month high at RM1.35.
The technical indicators are overbought given the recent gains, but remain on a healthy upward trajectory.
The slow-stochastic is at 89 points while the RSI stands at 78 points. The MACD also charted a sharply higher positive bar to reflect the strong momentum.
Support is found at RM1.05 and 90 sen.
UUE Holdings Bhd continues to dip following a a nearly four-month recovery.
The share succumbed to profit-taking for a second straight day yesterday as it entered a consolidation phase.
However, the rising 50-day simple moving average (SMA) is offering support, while on the technical charts, the slow-stochastic remains bullish at 51 points.
As the share retreats, the RSI has fallen to 47 points while the MACD is showing negative momentum.
The share should see support at 75 sen and 65 sen. A return above 88 sen would see a resumption of the uptrend.
