Hartalega Holdings Bhd
rose for a fifth consecutive session yesterday, affirming the strong recovery trend that has taken root.
The share is rising towards an overhead resistance of RM3.50, which in crossing could see it arrive at a 2024 closing high of RM3.82.
Looking at the technical indicators, the slow-stochastic has crossed into overbought territory at 80 points, while the 14-day relative strength index (RSI) is also overbought at 76 points.
Support for the share is pegged to RM3.14 and RM2.90.
Sunway Construction Group Bhd retraced higher for a third straight day as it attempts to reclaim a recent high of RM4.70.
The stock challenged the short-term 14- and 21-day simple moving averages (SMA) lines yesterday to indicate growing sentiment although a sustained rally can only be affirmed by a crossing of the RM4.70 resistance.
Looking at the technical indicators, the slow-stochastic has arrived at a strong 57 points, while the RSI has grown to a firm level of 52 points.
Support for the share lies at RM4.16 and RM3.71.
KPJ Healthcare Bhd remains in a consolidation channel as it gathers momentum to reach a fresh record high at the RM2.20 level.
While the stock has been trading closely on either side of the short-term 14-and 21-day SMA, the rising 50-day SMA line suggests a growing bullish trend on the daily price chart.
The slow-stochastic sits at a strong 47 points, while the RSI is also robust at 51 points. The daily moving average convergence and divergence histogram remains negative but is showing signs of turning positive. Support for the share is found at RM2.05 and RM1.90.
