Trive Property Group
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.