Theta Edge Bhd
is attempting to retrace higher to its recent closing high of RM3.06 following a correction in the previous week.
The share's bullish outlook remains intact as it remains supported by the rising key simple moving averages (SMA).
Looking at the technical indicators, the slow-stochastic is strong at 59 points while the 14-day relative strength index (RSI) is also robust at 63 points.
The daily moving average convergence and divergence (MACD) histogram remains positive to indicate a continued uptrend.
Support for the share is pegged to RM2.28 and RM1.74.
vs
VS Industry Bhd found support at the 50-day SMA following two weeks of profit-taking earlier this month.
The share has been seen bouncing back over the last two days as it begins to bounce back on investors' bargain-hunting activities.
The slow-stochastic has weekend to 41 points but is back on an upward trajectory while the RSI is also rising at 46 points.
The MACD histogram's negative bars are shrinking to indicate a gradual return to positive momentum.
Support is pegged to RM1.16 and RM1.07.
poh
Poh Kong Holdings Bhd has been moving on a sideways trend, capped by an upper limit of RM1.26, despite several attempts to breach the resistance.
However, based on yesterday's strong performance, there could be another attempt to rise past the hurdle.
The share price rose past the key SMA lines yesterday on growing momentum with the slow-stochastic at 71 points and the RSI at 59 points.
The MACD line has also turned higher to suggest a positive crossing in the coming session.
Support is found at RM1.12 and RM1.
The comments above do not represent a recommendation to buy or sell.
