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TA- DUTALAND
by Cals Thu 03 Oct 2013, 09:01
Published: Thursday October 3, 2013 MYT 12:00:00 AM
Updated: Thursday October 3, 2013 MYT 7:13:04 AM
Support Line
BY K.M. LEE
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DUTALAND was generally range-bound after falling to a near three-year low of 41.5 sen on Aug 28. Technically, prices are expected to firm, with most of the short-term indicators on the mend. A breach of the 100-day simple moving average of 49.5 sen may propel the shares to the upper resistance of 57 sen-60 sen band. Solid support is pegged at the 40-sen mark.
FOCAL Aims Holdings rebounded slightly from the RM1.88 level on Monday to a high of RM2.32 during intra-day session yesterday. A successful penetration of the RM2.49 would signal a rally continuation, targeting the RM2.75 barrier in the immediate term. The next upper hurdle is envisaged at RM3.08 while important support is seen at the 14-day simple moving average of RM1.84.
INARI reversed from an early all-time peak of RM1.16 to end slightly easier owing to an apparent profit-taking activity. In spite of that, the moving average convergence divergence histogram remains bullish, implying there may be more upside in the pipeline. Initial support is resting at the 98.5 sen level, followed closely by the 94 sen floor.
The comments above do not represent a recommendation to buy or sell.
Updated: Thursday October 3, 2013 MYT 7:13:04 AM
Support Line
BY K.M. LEE
[You must be registered and logged in to see this image.]
DUTALAND was generally range-bound after falling to a near three-year low of 41.5 sen on Aug 28. Technically, prices are expected to firm, with most of the short-term indicators on the mend. A breach of the 100-day simple moving average of 49.5 sen may propel the shares to the upper resistance of 57 sen-60 sen band. Solid support is pegged at the 40-sen mark.
FOCAL Aims Holdings rebounded slightly from the RM1.88 level on Monday to a high of RM2.32 during intra-day session yesterday. A successful penetration of the RM2.49 would signal a rally continuation, targeting the RM2.75 barrier in the immediate term. The next upper hurdle is envisaged at RM3.08 while important support is seen at the 14-day simple moving average of RM1.84.
INARI reversed from an early all-time peak of RM1.16 to end slightly easier owing to an apparent profit-taking activity. In spite of that, the moving average convergence divergence histogram remains bullish, implying there may be more upside in the pipeline. Initial support is resting at the 98.5 sen level, followed closely by the 94 sen floor.
The comments above do not represent a recommendation to buy or sell.
Cals- Administrator
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