Affin Holdings Bhd (5185) staged a technical breakout yesterday. Its daily price trend closed at RM2.29, giving a day-on-day gain of 11 sen, or 5.04 per cent.
Chartwise, Affin's daily price trend rose from its low of RM1.63 on June 23 all the way up to its intra-day high of RM2.19 on October 21, recording a total gain of 56 sen, or 34.35 per cent.
Its hourly price trend staged a technical breakout of its short-term overhead resistance (B3:B4) yesterday. Its hourly price trend staged a successful re-test of its intermediate-term uptrend (B1:B2) on October 30.
Its hourly fast MACD (moving average convergence divergence) continued to stay above its hourly slow MACD yesterday. Both of its hourly fast and slow MACDs continued to stay above their respective neutral reference lines.
Chartwise, Affin's daily price trend rose from its low of RM1.63 on June 23 all the way up to its intra-day high of RM2.19 on October 21, recording a total gain of 56 sen, or 34.35 per cent.Its hourly price trend staged a technical breakout of its short-term overhead resistance (B3:B4) yesterday. Its hourly price trend staged a successful re-test of its intermediate-term uptrend (B1:B2) on October 30.
Its hourly fast MACD (moving average convergence divergence) continued to stay above its hourly slow MACD yesterday. Both of its hourly fast and slow MACDs continued to stay above their respective neutral reference lines.Affin's hourly price trend is likely to stage a follow through rebound in taking out its previous resistance high.
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