Closed:                    13 sen

Resistance:              (R1) 17 sen / (R2) 20 sen

Support:                  (S1) 10 sen /(S2) 7 sen

Top Builders Capital Bhd (5268) rose 4.5 sen to 13 sen yesterday to break the 50- (blue line) and 200-day (orange line) moving averages.

Technical indicators are encouraging with the MACD cutting above its signal line and the RSI is heading towards the overbought zone.

After yesterday’s surge, the stock could pull back on profit taking but has a chance to extend its rebound if share price sustains above its immediate support of 10.5 sen marked the 200-day moving average (orange line).

For the downside, we advise traders to cut loss if the price falls below the immediate support of 10 sen, marked by the 200-day moving average (orange line).