Malaysia Smelting Corp
Bhd (MSC) has surged over the last four days to a fresh multi-year high, indicating that the bullish trend is well and intact.
With the sharp improvement in momentum, the slows-stochastic and 14-day relative strength index (RSI) have moved to overbought levels, but remains healt hy given their ongoing ascent.
The daily moving average convergence/divergence (MACD) histogram has also signalled bullish momentum with a spike into positive territory.
There is resistance at RM2.11 and RM2.53, while support lies at RM1.69 and RM1.47.
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