Stock news today (23-06-2011)

Support Line:
Cepatwawasan Group

CEPATWAWASAN Group shares climbed to a five-month high of RM1.48 yesterday. Based on the daily bar chart, prices are making a strong attempt to challenge the previous rally peak of RM1.65 in the near-term, of which a decisive breakthrough will signal a rally continuation, targeting the RM1.83 barrier. Support is pegged at the RM1.40-RM1.42 band. (Star Biz)

Genting Malaysia

GENTING Malaysia continued to fluctuate within a band amid extended consolidation, ending up two sen to RM3.58 yesterday. Technically, this stock is likely to be trapped in the short-term until a clearer picture emerges. Any violation of the lower horizontal line of RM3.50 may drag prices to the RM3.40 level. A breach of the RM3.67 line may propel the shares to the RM3.84 mark .(Star Biz)

Sarawak Cable

SARAWAK Cable reversed early gains to close three sen down to RM1.39 owing to an apparent profit-taking activity yesterday. Technically, prices are poised to correct, with the 14-day relative strength index curving down from the overbought area. Initial support is resting at the RM1.30 level. A break above the RM1.50 level would send the bulls to the unknown territory.(Star Biz)