LIANSON Fleet Group Bhd is rising out of a consolidation channel, amid a pick-up in trading volume to its highest level in 16 months.
The share can been seen returning to a three-month peak of RM2.24, followed by a higher hurdle of RM2.63.
Looking at the technical indicators, the slow stochastic is overbought but healthy at 96 points, while the 14-day relative strength index (RSI) remains strong at 68 points.
The daily moving average convergence/divergence (MACD) histogram has also sustained an upward trajectory over three sessions.
Support levels can be found at RM1.82 and RM1.57.
MR DIY Group (M) Bhd
has risen for four consecutive sessions, as it makes another attempt to cross a hurdle at RM1.75.
The technical charts show robust momentum. The slow stochastic has reached overbought conditions, but remains healthy.
Meanwhile, the RSI is also on the rise to a strong 72 points, and the MACD has charted four successively higher bars.
Support for the share can be found at RM1.45 and RM1.28.
Hibiscus Petroleum Bhd has been making a gradual recovery in recent days, with a nascent uptrend developing on the daily price chart.
However, the recovery has yet to take root, short of crossing a hurdle at RM1.85.
Technical indicators show strong momentum, with the slow stochastic at 75 points and the RSI rising to mildly overbought levels at 62 points.
The MACD histogram has also moved higher, signalling bullish momentum.
Resistance is pegged at RM1.85 and RM1.92, while support levels are at RM1.37 and RM1.22.
