Yinson Holdings Bhd
surged higher yesterday for a second consecutive day as approached the RM2.50 level, a crossing of which could mark the end of a consolidation phase.
The share's technical indices have been on climb on strong buying interest. The slow-stochastic rose to 67 points while the 14-day relative strength index gained to 59 points. The daily moving average convergence/divergence (MACD) histogram, meanwhile, has charted a bullish bar to signal strong rising momentum.On the price chart, the share has also broken free of the simple moving averages to reflect the return to an uptrend.
Given the strength of the ongoing rally, the share could ascend to a higher resistance of RM2.80. Support is found at RM2.19 and RM1.95.
IHH Healthcare Bhd has been moving in a sideways trajectory in recent days, but could be poised to break out of the current pattern.
The momentum on the slow-stochastic has hit overbought conditions at 91 points, but remains steadily rising to indicate strong bullish potential. The RSI is firmly above 50-points to reflect strong momentum.
Meanwhile, MACD histogram is displaying growing upward momentum, poised to chart a positive bar to signal the return of bullishness.
Overhead, the share has potential to arrive at a recent trading highs of RM9.58 and RM10.48. Support is found at RM8.65 and RM7.95.
TIME Dotcom Bhd has bee hovering near the RM6 mark as it awaits a fresh buying lead to take it higher.
There is a promising outlook on the stock as the uptrend on the price chart remains intact while the technical indices are also bullish.
The slow slow-stochastic lies at 53 points while the RSI remains firm at 50 points. The MACD histogram remains slightly negative given the lack of decisive direction, which would change upon the first positive news signal.Resistance is found at RM6.20 while support is pegged to RM5.80 and RM5.55.
The comments above do not represent a recommendation to buy or sell.
