Theta Edge Bhd
is attempting to retrace higher to its recent closing high of RM3.06 following a correction in the previous week.
The share's bullish outlook remains intact as it remains supported by the rising key simple moving averages (SMA).
Looking at the technical indicators, the slow-stochastic is strong at 59 points while the 14-day relative strength index (RSI) is also robust at 63 points.
The daily moving average convergence and divergence (MACD) histogram remains positive to indicate a continued uptrend.
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