Pentamaster Corp Bhd
’s rally is not showing signs of slowing even after three days of steep gains.
While the indicators have hit overbought levels, they remain ascending in bullish mode. The slow-stochastic has risen to 88 points, while the RSI is climbing at 74 points. The MACD histogram remains on a positive climb.
Resistance levels on the price chart are seen at RM4 and RM4.40. Support levels are seen at RM3.14 and RM2.80.
Frontken Corp Bhd gapped up yesterday past the 200-day simple moving average on a surge of buying momentum.
The share is expected to continue its upward trajectory once it takes out the resistance at RM4.50, and heads towards a higher target of RM4.78.
Looking at the technical indices, the charts are overbought but remain strong. The slow-stochastic has soared to 94 points, while the Relative Strength Index (RSI) has climbed into overbought territory at 73 points. The MACD is on a steep climb, reflecting a growing rally.
Support is found at RM3.90 and RM3.60.
Inari Amertron Bhd ramped up its recovery over a three-day win streak with a view towards returning to a January high of RM1.96.
The share is showing rapid momentum with the slow-stochastic hitting overbought levels at 84 points, while the 14-day relative strength index is growing at 66 points. The daily moving average convergence/divergence (MACD) histogram is showing a steep rise in the chart, indicating growing bullish momentum.
Support for the share is found at RM1.40 and RM1.21.
