Heitech Padu Bhd
is facing some resistance at the RM2.40 level, where it has been turned back several times in recent days.
However, there is rising support from the short-term smart moving averages (SMA), suggesting growing upward pressure.
The technical indicators affirm this view, with the slow-stochastic rising to 63 points and the 14-day relative strength index (RSI) gaining to 59 points.
The daily moving average convergence and divergence (MACD) histogram is also charting positive bars to reflect bullish momentum.
Support is found at RM1.82 and RM1.50
Padini Holdings Bhd is pushing up against the 50-day simple moving average but finding resistance from the obstacle that has been intact since early July 2024.
The stock is searching for a way through to RM3.50 although a downturn in the slow-stochastic to give a "sell" signal is suggesting a consolidation phase is brewing.
The MACD, meanwhile, remains bullish with successively higher positive bars, and the RSI has turned lower at 48 points.
Support for the share is pegged to RM3.20 and RM3.02.
Westports Holdings Bhd, which has been caught in a correction phase, bounced higher yesterday in an indication that the worst may be over.
The share rose to the 100-day SMA line in an attempt to retrace some losses and reverse the oversold position.
Looking at the technical indicators, the slow-stochastic has risen out of oversold territory while RSI has bounced higher to a still-weak 40 points.
The MACD, which was charting deeper into negative territory, is also showing signs of halting the decline.
In the event of a positive breach of the 100-day SMA, the share can be seen recovering to RM4.40 and RM4.76.
Support is seen at RM4.09 and RM3.95.
The comments above do not represent a recommendation to buy or sell.
