Sime Darby Bhd
accelerated its ascent yesterday as it aims to pass a five-month trading high of RM2.36.
Higher still, the next resistance is pegged to RM2.95.
The slow-stochastic has leapt into overbought territory, but the uptrend is looking healthy as affirmed by the 14-day relative strength index (RSI) at 67 points and the rising daily moving average convergence/divergence (MACD) histogram.
On the lower end of the chart, support is pegged to RM2.10 and RM1.88.
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