AirAsia X Bhd
rose for a fourth consecutive day yesterday, hitting its highest point this year.
Following this breakout, it could rise towards a multi-year high of RM2.57.
The technical indicators are looking optimistic, with the slow-stochastic surging to an overbought level of 90 points and the 14-day relative strength index (RSI) rising to 73 points.
The daily moving average convergence/divergence (MACD) histogram is also bullish, charting a positive bar to indicate the return of bullish momentum.
On the lower end of the chart, support is pegged at RM1.70 and RM1.28.
VS Industry Bhd has been pacing higher in November after breaking free from a descending trendline
The stock rose above its 100-day simple moving average during intraday trade yesterday, indicating rising momentum and an attempt to reach the RM1.20 level.
However, the breakout was not confirmed as the share subsided by the close.
Looking ahead, the share is set to hit RM1.34, which would take it back to its 2024 high.
The technical indicators are showing signs of neutralisation with the slow-stochastic slipping out of overbought level at 70 points.
The RSI, however, remains strong at 60 points, while the MACD histogram continues to pick up bullish momentum. Support levels are at RM1.03 and 95 sen.
Kerjaya Prospek Group Bhd gapped up yesterday, surpassing recent peaks to approach resistance at RM2.20.
A successful breakout would take the share to a higher level of RM2.50.
The technical charts are painting a bullish picture, with the slow-stochastic rising to 74 points and the RSI gaining to 69 points.
The MACD has also turned bullish with a positive bar.
Support for the share is pegged at RM2.05 and RM1.95.
