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Hot Stock Pesona up 2.5% in active trade
by Cals Thu 30 Jul 2015, 21:54
Hot Stock
Pesona up 2.5% in active trade
KUALA LUMPUR (July 30): Shares of Pesona Metro Holdings Bhd rose in active trade early today after AllianceDBS Research said Pesona was in position to trade higher and said that Pesona had on July 29 traded higher to 60.5 sen before closing at 59.5 sen (up 2.5 sen or 4.38%).
At 9.17am, Pesona gained 2.52% or 1.5 sen to 61 sen with 7.36 million shares done.
In its evening edition yesterday, the research house said Pesona crossed over the 20-day and 50-day moving average lines on July 29.
“Following the up close on July 29, the stock is likely to test higher level again with immediate hurdle at 60.5 sen.
“A crossover of 60.5 sen should see further price rise to the next overhead resistance zone, 62 sen – 67.5 sen.
“The support is at 57 sen. A fall below 57 sen would put pressure on the stock down to the subsequent support zone, 54 sen – 55 sen,” it said.
AllianceDBS Research said stock volume traded on July 29 was 34.4 million shares compared to the 3-month average volume of 4.81 million shares.
The research house said that the MACD was marginally above the 9-day moving average line with the buy signal remains intact.
It said the relative strength index indicated that the stock was currently in the neutral zone
Pesona up 2.5% in active trade
KUALA LUMPUR (July 30): Shares of Pesona Metro Holdings Bhd rose in active trade early today after AllianceDBS Research said Pesona was in position to trade higher and said that Pesona had on July 29 traded higher to 60.5 sen before closing at 59.5 sen (up 2.5 sen or 4.38%).
At 9.17am, Pesona gained 2.52% or 1.5 sen to 61 sen with 7.36 million shares done.
In its evening edition yesterday, the research house said Pesona crossed over the 20-day and 50-day moving average lines on July 29.
“Following the up close on July 29, the stock is likely to test higher level again with immediate hurdle at 60.5 sen.
“A crossover of 60.5 sen should see further price rise to the next overhead resistance zone, 62 sen – 67.5 sen.
“The support is at 57 sen. A fall below 57 sen would put pressure on the stock down to the subsequent support zone, 54 sen – 55 sen,” it said.
AllianceDBS Research said stock volume traded on July 29 was 34.4 million shares compared to the 3-month average volume of 4.81 million shares.
The research house said that the MACD was marginally above the 9-day moving average line with the buy signal remains intact.
It said the relative strength index indicated that the stock was currently in the neutral zone
Cals- Administrator
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