ZLBT Chats

Thursday, July 30, 2009

Stock Of The Day >>> 9296 RCE Capital

RCE Capital (9296)
Down 3.1% at 62.5 sen in moderate volume but CIMB technical analyst says "RCE share price weakness in an opportunity to accumulate" as stock is holding firm within medium-term uptrend range. "As long as prices stay above its key daily moving averages (DMA), we believe there is an opportunity for it to rise toward the upper resistance trend line," analyst says in report. 30-DMA and 50-DMA at 59 sen.
Noted both MACD, RSI signal lines are rising. Analysed immediate resistance at 69 sen, followed by 72 sen. Support at 57.5 sen and 53.0 sen.

No comments:

Post a Comment