SupportLine
Fraser & Neave Holdings Bhd is taking on a sideways trajectory following recent gains on a rising trendline.

The technical indicators remain healthy with the slow-stochastic moving at the 54-point level, while the MACD histogram is experiencing a resurgence of momentum this week.

The RSI is overbought but remains healthy as it continues to pace higher at 83 points.

Based on the daily price chart, the share is expected to maintain its growth towards a resistance of RM35.80 before attempting to reach a trading high of RM39.80.

Support for the share is pegged to RM29 and RM27.45.

Scientex Bhd is maintaining its uptrend as it climbs towards a fresh two-year high.

The share is seeing robust buying momentum with the daily moving average convergence/divergence (MACD) histogram charting successively higher positive bards.

The slow-stochastic is in overbought territory but remained ascending after a brief neutralisation period earlier this week.

Similarly, the 14-day relative strength index (RSI) continues to ascend at a strong 75 points.

Given the upside momentum, the share could be headed for a resistance at RM5, which represents a historical trading high.

Support for the share is pegged to RM4.10 and RM3.98.

Top Glove Corp Bhd continues to lift its head as it attempts to recover to January 2024 trading levels.

The share has been seen picking up over the last two weeks in a bid to make its way back to the RM1 level.

Looking at the technical indices, the slow-stochastic has entered overbought levels but remains healthily ascending at 82 points. The RSI is rising at a robust level of 67 points, while the MACD histogram continues to chart a rising positive trend.

Support can be found at 86 sen and 80 sen.
Support Line,F&N Holdings,Scientex,Top Glove
Fraser & Neave Holdings Bhd is taking on a sideways trajectory following recent gains on a rising trendline.