KUALA LUMPUR (Jan 16): AllianceDBS Research said Fajarbaru Builder Group Bhd (Fajar) was taking a breather and that Fajar had on Jan 13 traded within previous day’s range to form an inside day bar before closing unchanged at 58 sen. In its evening edition last Friday, the research house said Fajar continued to trade above the 20-day and 50-day moving average lines. AlllianceDBS Research said stock volume traded on Jan 13 was 340,000 shares compared to the 3-month average volume of 320,000 shares. The research house said that indicators wise, the MACD was above the 9-day moving average line with the buy signal remains intact. It said the relative strength index indicated that the stock was currently in an overbought zone.

Source: The Edge Markets January 15, 2017 22:20 UTC