Support Line

HOVID scaled to a four-month high of 42.5 sen during intra-day session. Apparently, all the short-term indicators are painting a pretty promising landscape, implying more advances in the short term, targeting the 48-sen barrier or a re-test of the all-time peak of 53 sen. Important support is pegged at the 37-sen level.

KONSORTIUM Transnasional was generally range-bound on consolidation after breaking out of the short-term descending line of 30 sen earlier this year. Based on the daily chart, prices are expected to encounter stiff resistance at the 45-sen level, of which a clear penetration may propel prices up to 57 sen. Initial support is resting at the 30-sen mark.