Supportline

Tsh resources Bhd was seen taking a breather this week after a strong rally in the previous week.

at its current trading level, the share is hovering near a recent high level of rm1.17, which in crossing would see the resumption of an uptrend towards rm1.49 and rm1.64.

The slow-stochastic remains healthy in overbought territory at 87 points, while the daily moving average convergence/divergence (Macd) histogram remains positive, indicating a sustained uptrend.

support for the share is pegged to rm1.02 and 96 sen.

SCIENTEX Bhd has entered a consolidation channel after its rebound lost steam earlier in the week.

The share is hitting a resistance at the 50-day simple moving average (sma), which it need to surpass if it is to return to a recent high of rm4.05.

The technical indicators suggest the consolidation could be brief as its Macd histogram turned positive yesterday to suggest the start of a positive trend.

The slow-stochastic has flattened out, but could resume ascending from a strong level of 61 points.

Meanwhile, the 14-day relative strength index (rsi) is pegged to 53 points.

support is found at rm3.76 and rm3.44.

OPTIMAX holdings Bhd gapped up on robust momentum yesterday as it extended a rally.

The share is poised to cross above the 200-day sma line and hit a resistance of 68 sen before embarking on a further rally to 74 sen.

Looking at the technical indices, the slow-stochastic has become overbought and could see some neutralisation while the rsi has ascended to 70 points.

The Macd line has turned steeply higher to chart a higher positive bar on the histogram.

support for the share lies at 58 sen and 55 sen.

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