Scientex Bhd
surged ahead yesterday towards a four-month trading high as the short-term uptrend picked up pace.
The share has crossed the RM3.80 resistance, following which it could now head to the RM4.20 mark and higher still to RM4.60.
Looking at the technical indices, the slow-stochastic has risen to a high 74 points, while the 14-day relative strength index (RSI) is edging into overbought territory at 76 points.
The daily moving average convergence/divergence (MACD) histogram has perked up sharply, indicating the onset of bullish momentum.
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