MR DIY Group (M) Bhd
is slowly creeping up as the sentiment over the stock improves and momentum builds.
The share rose for a second straight day yesterday as it continued its rebound following a steep correction.
There are some immediate hurdles to overcome, including the short-term 14- and 21-day simple moving averages, following which the share should meet a resistance at RM1.70.
However, the technical indices are looking optimistic as the slow-stochastic continues its ascent to 62 points and the 14-day relative strength index (RSI) moves higher to 41 points.
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