LIANSON Fleet Group Bhd is rising out of a consolidation channel, amid a pick-up in trading volume to its highest level in 16 months.
The share can been seen returning to a three-month peak of RM2.24, followed by a higher hurdle of RM2.63.
Looking at the technical indicators, the slow stochastic is overbought but healthy at 96 points, while the 14-day relative strength index (RSI) remains strong at 68 points.
The daily moving average convergence/divergence (MACD) histogram has also sustained an upward trajectory over three sessions.
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