Kelington Group Bhd
has recovered from a quick breather and is now poised to challenge a historical high of RM8.25.
Given the robust momentum, there is a likelihood the rally will extended to uncharted territory.
The slow-stochastic has risen to overbought levels at 84 points, but remains on a healthy ascent. The RSI is also strong at 57 points.
The MACD, meanwhile, is poised to cross into a bullish signal, which would be the trigger for a jump past the resistance.
Support is pegged to RM7.28 and RM6.50.
Guan Chong Bhd’s recovery from its year-long descent in 2025 is well underway, with the share having retraced more than 50% of the losses.The next hurdle is not far off at the RM1.30 mark, a crossing which would signal the next stage of the recovery.
There are signs the share is aiming for its historical high of RM1.70, going by the persistent momentum in the indices.
Despite having risen at a steady clip, the slow-stochastic remains healthy below overbought levels, at 77 points. The RSI also is a bullish 66 points. The MACD suggests an ongoing uptrend with healthy positive momentum.
Support is found at RM1.05 and RM90 sen.
Vstecs Bhd extended its rally for a third straight day, making its way to the 50-day simple moving average overhead.
The share is looking to breach RM1.85, following which its path should be cleared towards the RM2 level.
There are signs the rally is going to continue, with the slow-stochastic rising to 60 points and the 14-day relative strength index (RSI) passing the midline to 51 points.
The daily moving average convergence/divergence (MACD) histogram is showing rising momentum, which bodes well for a return to a bullish trend.
Support for the share lies at RM1.67 and RM1.48.
