The Star

Berjaya Land
BERJAYA Land shares reversed early weakness to finish a tick higher at RM4.32 in the wake of light nibbling yesterday. The moving average convergence /divergence (MACD) indicator is bearish but given the very oversold position of the 14-day relative strength index, a relief rebound can be expected. Initial support is anticipated at RM4, followed by an additional floor at the RM3.90. The near-term upside potential is likely to be capped at the RM4.66 level.

BJLAND : [Stock Watch] [News]

Green Packet
GREEN Packet dropped to 2½-year low last Wednesday before turning range-bound on bargain hunting interest alternating with selling activity. Based on the daily chart, the prevailing trend remains vulnerable. A decisive violation of the RM1.49 line will trigger a fresh bout of selling, driving prices down to the next support of RM1.20. To the upside, shares will encounter resistance at the 14-day simple moving average of RM1.90.

BJLAND : [Stock Watch] [News]

Heitech Padu
HEITECH Padu recovered to a 20-month high of RM1.39 on persistent bargain-hunting activity yesterday. Apparently, the stochastic is firming and the MACD indicator resuming the upward expansion against the trigger line, implying prices may strengthen in the intermediate term. If they can penetrate the heavy resistance band of RM1.50-RM1.53, target the RM1.80 mark. Support is seen at RM1.30-RM1.32.

BJLAND : [Stock Watch] [News]

The comments above do not represent a recommendation to buy or sell.