Greatech Technology Bhd is experiencing some consolidation pressure but remains afloat of a short-term ascending trend line.

Trading above all the key SMA lines, the stock is looking well-supported as it takes a breather before resuming its advance. The 50-day SMA is also perking up from a neutral position, which bodes well for the strength of the ongoing positive trend.

Overhead, the share price is looking at a resistance of RM6.32 and a historical trading high of RM6.75.

The technical indicators are showing continued strength with the slow-stochastic hovering at 46 points and the 14-day RSI pushing above 60 points.

Support for the counter is found at RM5.88 and RM5.40.

SDS Group 220721

SDS Group Bhd perked up above the 50-day simple moving average (SMA) in intraday trading yesterday, signalling bullish sentiment.

The counter rallied for two straight days prior as it rebounded from a steep correction before losing 0.5 sen in profit-taking.

Going by these developments, the stock could be headed for further upsides after a breather as it tracks higher towards the next resistance levels of 43.5 sen and 46 sen.

The slow-stochastic has jumped into overbought conditions but remains on a steady rise, indicating continued bullishness. The 14-day relative strength index has stemmed its advance at 63 points.

Support for the stock can be found at 36 sen and 33.5 sen.

MR DIY Group 220721

MR DIY Group (M) Bhd has taken on a sideways trading motion in recent days after a spate of profit-taking in the previous week.

While the share price remains firmly below the resistance, the indicators show rising momentum near the 50% level.

There is an opportunity for further upside in the event of a crossing above the immediate resistance of RM3.35. The next resistance is pegged to RM3.77, a crossing of which would violate the descending trend line and signal the return of a bullish trend.

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