Support Line

SHARES of Connectcounty Holdings scaled to a high of 26 sen during intra-day session, the best since November 2011. For now, indicators are looking pretty promising, suggesting more upside in the pipeline. A breach of the 27.5-sen barrier would propel prices up to the 33.5 sen-37.5 sen band while important support is resting on the 23-sen line.

HUP Seng Industries rose to a nine-month high of RM1.14. The immediate upside objective would be to challenge the historical peak of RM1.23, set on April 18 last year, of which a positive breakout would send the bulls into unknown territory. On the other hand, a futile attempt to tear down the stiff barrier would see price retreating on correction, with RM1.02 acting as an initial support.