SupportLine


D&O Green Technologies Bhd could be rising out of its sideways channel as the momentum indicators can be seen pacing higher.

Ever since a sharp rally in August, the share has been moving in range-bound trading with little inspiration to move beyond the 200-day simple moving average and attack a May 2025 high of RM1.60.

However, this could change as the slow-stochastic bounced off the oversold line to resume an upward trajectory, while the 14-day relative strength index (RSI) rises to a strong 69 points.

The daily moving average convergence/divergence (MACD) histogram is sustaining positive momentum.

KPJ Healthcare Bhd is making a sharp recovery after ending a correction phase earlier this month.

The share extended a strong rebound yesterday, and looks poised to further retrace losses amid an uptick in the momentum indices.

The slow-stochastic has hit 51 points while the RSI continued to pace higher at 40 points.

The MACD remains submerged in negative territory but can be seen making a U-turn towards more bullish conditions.

The share could target a resistance at RM2.70 and RM2.90 while support is pegged to RM2.37 and RM2.20.

Frontken Corp Bhd’s ascending trend could be alive and well despite a recent bout of sideways trading.

The share is awaiting a boost of momentum to rise above the recent high of RM4.44 to continue its recovery towards a December 2024 peak of RM4.59.

Looking at the technical indices, the slow-stochastic is bullish at 81 points while the RSI sits at 58 points.

The MACD histogram, however, remains slightly negative.

Support rests at RM3.90 and RM3.51.

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