Trive Prop­erty Group

The Star Malaysia - StarBiz - - News -

TRIVE’S rally to 18.5 sen in in­tra-day ses­sion and close at 18 sen sug­gests it is mak­ing a sec­ond at­tempt since March to cross the 21-sen hur­dle. Tech­ni­cally, the in­di­ca­tors are en­cour­ag­ing with the daily MACD tak­ing a bullish turn de­spite the sto­chas­tic hov­er­ing near the over­bought ter­ri­tory and the RSI curv­ing into the up­per re­gions of the chart. A clear break­out should see stronger re­sis­tance at the 25.5 sen mark with a pen­e­tra­tion sig­nalling up­wards mo­men­tum to­wards the 32.5-sen level. Im­me­di­ate sup­port is pegged to the 21-day sim­ple mov­ing av­er­age at 15 sen.

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