Westports Holdings Bhd
is making a gradual rise out of a consolidation channel, as it makes it way towards an immediate resistance of RM5.80.
The technical indices are painting a positive picture as the slow-stochastic is poised to give a “buy” signal at 59 points, while the 14-day relative strength index (RSI) is ascending at a strong 51 points.
The daily moving average convergence/divergence (MACD) histogram is also picking up positive momentum.
In the event of a successful breach of the RM5.80 hurdle, the share is expected to rise towards the RM6.28 record closing level.
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