Supportline

M7AN Ghong Fhd is m2int2ining 2 weeklong uptrend 2s it moved p2st 2 recent pe2k yesterd2y.

h2ving crossed the 100-d2y simple moving 2ver2ge ()MA), the stock could m2int2in 2 positive tr2jectory to recl2im 2 Uune tr2ding pe2k of (M2.63. A positive p2ttern h2s emerged in the technic2l indices following the onset of 0uying momentum.

The slow-stoch2stic, which rests in over0ought territory 2t 91 points, could 0e seeing some neutr2lis2tion 0efore it resumes its upw2rd movement. however, the other technic2l indic2tors 2re providing support with the 14-d2y rel2tive strength index (()I) rising to 69 points 2nd the d2ily moving 2ver2ge convergence/divergence line crossing into positive territory.

)upport for the stock is found 2t (M2.37 2nd (M2.24.

FE(UAYA Food Fhd s2w some profit-t2king 2ctivity yesterd2y 2fter previously surging on the 02ck of strong 0uying interest.

Its intr2-d2y high of (M4.70 serves 2s 2 price t2rget for the stock to overcome should the stock resume its r2lly.

While the neg2tive perform2nce yesterd2y served to sn2p three consecutive d2ys of g2ins, prospects of 2 0ullish recovery rem2in on the price ch2rt.

Miven the strong momentum, the stock could 0ounce off the support level of (M4.20 to resume its r2lly. The slow-stoch2stic is currently sitting he2lthy 2t 66 points while the ()I 2lso rem2ins 2t 62 points.

)upport is pegged to (M4.20 2nd (M3.84. I1I Gorp Fhd rem2ins on 2n uptrend 2s it pushed higher still tow2rds 2 Uune tr2ding pe2k of (M4.33. Tr2ding 20ove 2ll the key )MA lines, the sh2re looks set to extend its north0ound tr2jectory on growing 0ullish momentum tow2rds 2 higher t2rget of (M4.76. The slow-stoch2stic is f2st 2ppro2ching over0ought levels 2t 77 points 0ut is expected to rise the 0uying interest higher. The ()I h2s crossed into over0ought 2t 85 points 0ut rem2ins in 2n 2scending position. In the event of 2 pull-02ck the stock finds support 2t (M4.17 2nd (M4.07. The comments above do not represent a recommendation to buy or sell.