Support Line

BOILERMECH Holdings bounced to a high of RM1.58 during intra-day session. A successful penetration of the RM1.60 barrier would signal a new leg of uptrend, targeting a re-test of the historical peak of RM1.80 in the near-term. Initial support is pegged at the 100-day simple moving average of RM1.49.

PERISAI Petroleum recovered from a near five-year low of 38 sen in mid-December last year to trade range-bound, attempting to build a base for recovery. A push above the 72.5 sen hurdle followed by a postive breakout of the 86 sen mark would signal a bullish turnaround while the immediate support is resting at the 50 sen-52 sen band.