Support Line : DUFU (7233), JIANKUN (8923), TGUAN (7034)
DUFU Technology recovered strongly from the short-term “double-bottom” of 22 sen (now acting as the solid floor) to achieve a high of 30.5 sen in the wake of renewed bargain hunting buying. A close above the significant barrier of 31 sen would signal the resumption of a recovery process, targeting the 40-sen to 42-sen band.
JIANKUN International rebounded amid fresh buying after a brief breather. A successful penetration of the 77 sen to 80 sen range would signal the an uptrend continuation, en route to the 95 sen to RM1 band in the near-term. Concrete support is anticipated at the 56 sen mark.
THONG Guan Inds reversed early gains to close slightly lower, as investors opted to take profit, with prices approaching the historical peak of RM2.41. Apparently, most of the short-term indicators are painting an overbought condition, suggesting shares are likely to correct before climbing later. Support is resting at the RM2.20 level, followed by the RM2.15 floor.
The comments above do not represent a recommendation to buy or sell. - The Star
DUFU Technology recovered strongly from the short-term “double-bottom” of 22 sen (now acting as the solid floor) to achieve a high of 30.5 sen in the wake of renewed bargain hunting buying. A close above the significant barrier of 31 sen would signal the resumption of a recovery process, targeting the 40-sen to 42-sen band.
JIANKUN International rebounded amid fresh buying after a brief breather. A successful penetration of the 77 sen to 80 sen range would signal the an uptrend continuation, en route to the 95 sen to RM1 band in the near-term. Concrete support is anticipated at the 56 sen mark.
THONG Guan Inds reversed early gains to close slightly lower, as investors opted to take profit, with prices approaching the historical peak of RM2.41. Apparently, most of the short-term indicators are painting an overbought condition, suggesting shares are likely to correct before climbing later. Support is resting at the RM2.20 level, followed by the RM2.15 floor.
The comments above do not represent a recommendation to buy or sell. - The Star
