Friday 19 Apr 2024
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KUALA LUMPUR (Oct 2): AllianceDBS Research said Notion VTec Bhd (Notion) had on Oct 1 tested last Friday’s high of 74.5 sen before closing near the day’s low at 73 sen (up 0.5 sen or 0.69%).

In its evening edition yesterday, the research house said Notion continued to trade above the 20-day (blue) and 50-day (red) moving average lines.

“Given the recent share price behaviour, the stock is likely to move between 68.5 sen and 74.5 sen in the coming few days.

“A crossover of 74.5 sen should see further price rise to the next overhead resistance zone, 78 sen– 79 sen.

“However, a fall below 68.5 sen would put pressure on the stock down to the subsequent support at 64 sen,” it said.

AllianceDBS Research said stock volume traded on Oct 1 was 3.90 million shares compared to the 3-month average volume of 5.09 million shares.

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