Technical Comments: Asia Media shares broke above the upper Bollinger band (RM0.31) yesterday, suggesting good upside bias towards the 61.8%FR (RM0.34). However, investors may opt to take profit before the share price pause for profit taking correction from the recent rally, given the overbought daily stochastic.
Technical Comments: As for RHB Capital, share price could dip further towards the 30‐day
moving average (RM9.45), with stronger support coming from the 50‐day moving average (RM9.13), given the bearish chart pattern from trend indicators, before regaining buying momentum.
DISCLAIMER
The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.
HAPPY INVESTING & GOODLUCK2ALL
No comments:
Post a Comment