Pekat Group Bhd
is gaining steam after four straight days of gains that has seen it break clear of the uppermost 200-day SMA line.
The share is extending a sharp recovery, with an eye for arriving at resistance levels of RM1.74 and challenging a historical closing high of RM1.89.
The slow-stochastic has crossed into overbought levels at 88 points, but remains ascending to reflect the growing momentum. The RSI has also reached into the overbought level at 71 points.
The daily moving average convergence/divergence histogram is also displaying bullish momentum with successively higher bars.
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