Tuesday July 25, 2006

Tuesday July 25, 2006

Support Line

Johor Land has been correcting on easing volume over the past seven days. The stochastic is attempting to reverse from the neutral zone while the moving average convergence/divergence indicator appears in danger of slipping below the signal line. Analysis suggests that if the prevailing trend is indeed still constructive, a rebound should come about soon, with strong resistance expected at the RM1.17-RM1.20 band. Initial support is seen at 90 sen.


JLAND : [Stock Watch] [News]

KPJ Healthcare: THE upward momentum of KPJ Healthcare shares has paused for a breather in the wake of profit-taking activity after testing the lower band of the RM1.90-RM2.00 heavy resistance zone, a decisive bullish breakout of which may trigger a rally towards the next strong hurdle of RM2.40 in the near term. The moving average convergence/divergence indicator remains positive, implying that there is more upside potential in the near term. Support is at RM1.80.


KPJ : [Stock Watch] [News]

SYF Resources: SYF Resources shares continued to consolidate after a futile attempt to penetrate the 100-day simple moving average of RM1.18 on July 11. The stochastic is in bearish extended-move territory and the moving average convergence/divergence indicator is expanding downward against the trigger line. Given the negative signal, prices may be under pressure. Current support and resistance are pegged at 68 sen and 90 sen respectively.


SYF : [Stock Watch] [News]

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