Pavilion-REIT
Pavilion Real Estate Investment Trust
jumped to challenge the 200-day simple moving average (SMA) but pared gains before the close yesterday.
The stock settled at a resistance of RM1.29, which in crossing would affirm the continuation of a rally. Further gains would see the share approach the next resistance at RM1.38.
The counter is currently undergoing strong momentum with slow-stochastic rising to 87 points and the relative strength index (RSI) gaining to 79 points.
The rising moving average convergence/divergence (MACD) in positive territory also indicates an uptrend that is gaining in momentum. Support for the share is pegged to RM1.22 and RM1.18.
Sports Toto
Sports Toto Bhd showed signs of life as it rose to its highest intraday level yesterday.
However, at closing the share price was only mildly higher than the reference price.
Going forward, the stock could rise out of its sideways trading channel in the event of a positive breach of the RM1.66 level.
A positive breach of the hurdle would also see the stock crossing the 50-day simple moving average (SMA), signalling bullish sentiment for a further rally towards RM1.72.
The slow-stochastic has risen to 50 points while the 14-day relative strength index has gained to 52 points.
Support for the counter is found at RM1.59 and RM1.53.
Dufu Technology
DUFU Technology Corp Bhd is gaining ground following its positive crossing of the 50-day SMA.
Based on the yesterday’s performance, the share price is pushing higher towards a recent high of RM2.04.
A positive breach of the resistance could see the stock targeting a higher price level of RM2.41.
The technical indicators are affirming the more bullish outlook as the MACD is on the verge of crossing the zero line to signal an uptrend.
The slow-stochastic has risen to 77 points while the RSI also sits at 77 points, suggesting strong momentum.
Support for the stock is found at RM1.71 and RM1.58.
The comments above do not represent a recommendation to buy or sell.
