Poh Kong Holdings Bhd
remains on a steady rise, closing yesterday at a multi-year high.
Given the share's strong gains, the technical indicators have risen to overbought levels, with the slow-stochastic showing signs of descending into neutral territory.
While some mild profit-taking is to be expected, the share is likely to maintain the robust uptrend towards an eight-month peak of RM1.35. Beyond that, the share could scale to a higher resistance of RM1.65.
On the lower end of the chart, support is pegged at RM1.18 and RM1.09.
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