Highlights / Stock Picks of the Day - Bursa Malaysia Bhd ("BURSA")

Bursa rose 1 sen higher to RM6.40 at the end of the trading session. The share has been moving in a descending triangle trend but saw a recent resistance breakout two weeks ago. RSI and Stochastic are moving sideways close to the oversold level. However, MACD is still moving upward and above the zero level line. We believe the stock will face some resistance at the moment, and breaking above RM6.40 will give a new resistance level at RM6.70. if the share sees a weakening of the buying momentum, the support level can be found at RM6.10.

Source: Kenanga