<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 20): AllianceDBS Research said a higher high was seen in the making for Comintel Corporation Bhd (Comcorp) and that Comcorp had on June 17 tested previous day’s high of 96.5 sen before closing at 95 sen (up 8 sen or 9.19%).</p></div>

<div class=newsTextDataWrapInner><p>In its evening edition last Friday, the research house said Comcorp continued to trade above the 20-day and 50-day moving average lines.</p></div>

<div class=newsTextDataWrapInner><p>“Following the up close on June 17, the stock is likely to move between 86 sen and 96.5 sen in the coming few days.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“A fall below 86 sen should see further price decline to the subsequent support at 82.5 sen.</p></div>

<div class=newsTextDataWrapInner><p>“However, a rise above 96.5 sen would lift the stock to the next resistance zone, RM1.00 - RM1.05,” it said.</p></div>

<div class=newsTextDataWrapInner><p>AllianceDBS Research said stock volume traded on June 17 was 24.0 million shares compared to the 3-month average volume of 6.36 million shares.</p></div>

<div class=newsTextDataWrapInner><p>The research house said that indicators wise, the MACD was above the 9-day moving average line with the buy signal remains intact.</p></div>

<div class=newsTextDataWrapInner><p>It said the relative strength index indicated that the stock was currently in a neutral zone.</p></div>


KUALA LUMPUR (June 20): AllianceDBS Research said a higher high was seen in the making for Comintel Corporation Bhd (Comcorp) and that Comcorp had on June 17 tested previous day’s high of 96.5 sen before closing at 95 sen (up 8 sen or 9.19%).

In its evening edition last Friday, the rese...

Higher high seen in the making for Comintel, says AllianceDBS Research 

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<p>Will Bank Negara Malaysia’s Monetary Policy Committee follow its Indonesian counterparts by raising interest rates when it holds its next meeting on Wednesday and Thursday?</p>


<p>Hollywood superstar and acclaimed Malaysian actress Tan Sri Michelle Yeoh has received the prestigious Presidential Medal of Freedom from US President Joe Biden on Friday.</p>


<p>The prospect of interest rates remaining elevated as the Federal Reserve (Fed) battles inflation is further clouding the outlook for shares of smaller US companies, which have lagged broader markets this year.</p>


<p>King Charles and other senior British royals are to relinquish patronages of almost 200 charities and organisations after a review of their association with more than 1,000 groups, Buckingham Palace said on Saturday.</p>


<p>Electric vehicle (EV) maker Zeekr Intelligent Technology Holding said on Friday it was targeting a valuation of up to US$5.13 billion (RM24.32 billion) in its US initial public offering (IPO), the first major floatation of a China-based company in more than two years.</p>


<p>US Treasury Secretary Janet Yellen said she still sees underlying price pressures receding even as a tight housing supply has helped stall the downward path of inflation.</p>


<p>The Kuala Kubu Baharu (KKB) by-election campaign is entering a critical period for all contesting parties and candidates to redouble their efforts to win as many votes as possible.</p>


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<p>This year marks the 30th anniversary of the United Nations’ International Year of the Family (IYF). In the decades since the IYF was proclaimed, demographic shifts, technological transformations, migration, urbanization, and climate change have upended societies around the world. Responding effec...

<p>Indonesia will permanently relocate some 10,000 people living on an island in North Sulawesi following concerns that more eruptions could come from an active volcano that has already caused damages.</p>


<p>The Philippines central bank will require financial institutions to submit a report within 24 hours of discovering risks linked to money laundering and terrorist financing, as the Southeast Asian nation steps up its fight against illicit transactions.</p>
