SMRT Holdings
SMRT Holdings Bhd
broke free of the 21-day SMA line yesterday as it attempted to resume the bullish uptrend seen earlier this year.The technical indices have ascended to robust levels with the slow-stochastic and RSI sitting at 80 and 68 points, respectively.
Overhead, the share is looking at the resistance levels of 64 sen and 71 sen.
Support is found at 39 sen and 27.5 sen.
Hibiscus Petroleum
Hibiscus Petroleum Bhd hit an intraday high of RM1.11 yesterday, as the stock continued to pace higher on bullish momentum.Upon crossing the hurdle, the share price could rise towards a February high of RM1.17.
Looking at the technical indicators, there are no signs of slowing as yet.
The slow-stochastic has crossed into oversold territory at 81 points but remains ascending, while the 14-day relative strength index (RSI) is also rising at 71 points.
With the short-term 14 and 21-day simple moving averages (SMA) rising to meet the descending 50-day SMA, the bullish outlook on the chart is growing stronger.
Support can be found at the RM1 and 90 sen levels.
MyEG Services
MyEG Services Bhd blew past the 200-day SMA line yesterday as it experienced a surge of buying interest.As the stock paces higher to close the downside gap from Feb 7, 2023, it could return to a higher price target of 95 sen.
The momentum indicators are showing growing bullishness as the slow-stochastic crossed the 50-point midline and the RSI jumped to 80 points.
The daily moving average convergence/divergence (MACD) line has also paced higher from the signal line as the stock continues a recovery trend.
Support is pegged to 74 sen and 65 sen.
