Support Line By K.M. LEE

EKSONS Corp

EKSONS Corp shares pulled back from the recent highs of RM1.57 on March 29 to a low of 98.5 sen on Aug 9 before bouncing off in the wake of bargain hunting interest, ending at RM1.10 yesterday. The mending technical signal suggests more recovery in the short term. If prices can overcome the 50-day simple moving average of RM1.17, the outlook would be brighter. Initial support is seen at RM1.02.

KUMPULAN Fima

KUMPULAN Fima shares turned sideways on consolidation after rebounding moderately from the RM1.46 level to a high of RM1.74 on Aug 18. Based on the daily chart, a push above the relatively strong overhead barrier of RM1.76 may lead to a re-test of the recent peak of RM1.95, of which a successful penetration would signal a rally continuation. Initial support is expected at RM1.60.

WIJAYA Baru Global

WIJAYA Baru Global rebounded strongly from the 52 sen floor to settle at 73.5 sen yesterday, which was near the previous rally peak. With technical indicators on the mend, it appears a breakout of the 78.5 sen barrier may be on the cards, enroute to the RM1 mark. Current support is envisaged at 69 sen, followed by the 60-sen level