SupportLine
TSH Resources Bhd was seen taking a breather this week after a strong rally in the previous week.

At its current trading level, the share is hovering near a recent high level of RM1.17, which in crossing would see the resumption of an uptrend towards RM1.49 and RM1.64.

The slow-stochastic remains healthy in overbought territory at 87 points, while the daily moving average convergence/divergence (MACD) histogram remains positive, indicating a sustained uptrend.

Support for the share is pegged to RM1.02 and 96 sen.

Scientex Bhd has entered a consolidation channel after its rebound lost steam earlier in the week.

The share is hitting a resistance at the 50-day simple moving average (SMA), which it need to surpass if it is to return to a recent high of RM4.05.

The technical indicators suggest the consolidation could be brief as its MACD histogram turned positive yesterday to suggest the start of a positive trend.

The slow-stochastic has flattened out, but could resume ascending from a strong level of 61 points.

Meanwhile, the 14-day relative strength index (RSI) is pegged to 53 points.

Support is found at RM3.76 and RM3.44.

Optimax Holdings Bhd gapped up on robust momentum yesterday as it extended a rally.

The share is poised to cross above the 200-day SMA line and hit a resistance of 68 sen before embarking on a further rally to 74 sen.

Looking at the technical indices, the slow-stochastic has become overbought and could see some neutralisation while the RSI has ascended to 70 points.

The MACD line has turned steeply higher to chart a higher positive bar on the histogram.

Support for the share lies at 58 sen and 55 sen.

The comments above do not represent a recommendation to buy or sell.
Support Line,TSH Resources,Scientex,Optimax
TSH Resources Bhd was seen taking a breather this week after a strong rally in the previous week.