Support Line

UZMA

UZMA hit a two-month high of RM2.06 during intra-day session, backed by bigger trading volumes yesterday. Based on the daily bar chart, prices are likely to encounter stiff resistance at the RM2.17 level, of which a successful penetration may lead to a re-test of the all-time high of RM2.49 in the medium term. Initial support is seen at the RM1.95 level.

ZECON BHD

ZECON climbed sharply for the second straight session, touching a 41-month high of RM1 during intra-day session yesterday. Analysis suggests investors can consider accumulating more, should there be profit-taking activity, as other indicators still are bullish. Support and resistance are envisaged at 78 sen and RM1.20 respectively.

ZELAN BHD

ZELAN recovered marginally from the recent lows of 32 sen to a high of 42.5 sen during intra-day business yesterday. Despite the recent rebound, the prevailing trend still is firmly bearish and it will be negative, as long as the 200-day simple moving average of 53 sen is intact. Current support is expected at 38 sen, followed by the 36 sen line.

> The comments above do not represent a recommendation to buy or sell