Inari Amertron Bhd
spiked past the 200-day simple moving average (SMA) yesterday to signal a potential break from the consolidation channel.
It has tentatively crossed the immediate resistance at RM2.30 and should rise towards higher resistance at RM2.72.
The technical indicators are mixed as the slow-stochastic continues to recover at 46 points.
The 14-day relative strength index (RSI) is strong at 71 points and the daily moving average convergence/divergence (MACD) histogram is charting a positive bar to signal a return to bullish momentum.
Support for the share is pegged to RM1.80 and RM1.43.
Dufu Technology Corp Bhd extended its rally yesterday to suggest the resumption of an uptrend after a brief period of sideways trading.
The share looks poised to return to a December 2024 high of RM1.96. A continuation of the buying momentum would see the share arrive at a July 2024 high of RM2.70.
The slow-stochastic has risen to 73 points and the RSI is currently overbought at 77 points, but remains ascending. The MACD continues to chart positive bars to signal the bullish momentum.
Support is pegged to RM1.20 and 90 sen.
Pentamaster Corp Bhd surged higher yesterday, affirming the end of a consolidation phase and return to a rally.
The share is aiming for RM4.30, which represents a December 2024 trading high, and RM5.45, which is a July 2024 peak.
Looking at the technical indicators, a rosy picture is forming with the slow-stochastic hitting 55 points and the RSI at a strong 69 points.
The MACD histogram has also signalled a resumption of bullish momentum with a return to a positive bar. There is support for the share at RM3.35 and RM2.80.
