Kerjaya Prospek Group Bhd
's uptrend may see a resurgence as it finds support from the 14- and 21-day SMA lines.
The share experienced mild profit-taking earlier in the week, after a three-month rally that brought the share back to January levels of trading.
However, Kerjaya Prospek is expected to push on after a short breather, returning above last week's high of RM2.80, and onward to a historical high of RM2.92.
The slow-stochastic has neutralised from overbought levels to a strong 65 points. Should the indicator turn its head, it would signal the return of a rally.
The 14-day relative strength index (RSI) sits at a strong 62 points while the daily moving average convergence/divergence (MACD) histogram has dipped into negative territory due to the recent profit-taking.
Support lies at RM2.50 and RM2.34.
Insights Analytics Bhd continues to look for a way through a resistance level of RM1.65.
The share is currently trading below the RM1.50 level, giving it some room for upside before it hits the hurdle.
Looking at the technical indicators, the slow-stochastic is dipping below the overbought line at 73 points, which suggests some profit-taking pressure.
The RSI is firm at 53 points, while the MACD histogram remains positive.
Should the share return above last Monday's peak of RM1.53, it would affirm the return of a recovery rally.
Support is pegged to RM1.31 and RM1.19.
Kossan Rubber Industries Bhd is on sturdier footing after pushing past the 100-day SMA, with the next resistance at a recent peak of RM1.28.
The RSI remains strong at 67 points, while the MACD histogram continues to chart positive bars.
However, the slow-stochastic bounced off the overbought line, suggesting some profit-taking pressure over the coming term.
Support for the share is found at RM1 and 94 sen.
The comments above do not represent a recommendation to buy or sell.
