There was a strong rebound following the decline and the stock managed to return to a Sept 3 high of RM11.28. There have been some dips, but the 200-day SMA has proved itself a reliable support, remaining intact although it was briefly breached on July 9. The slow-stochastic momentum index has pushed higher to 69 points. Some investor confidence will be needed to give the stock a sustained push before the momentum wanes. Below that, the stock will find further support at the 200-day SMA, a negative crossing of which would signal a bearish turn for the counter.

Source: thestar October 13, 2018 00:33 UTC