Yesterday, TRIPLC surged 12.0 sen (+8.16%) to close at RM1.59 with strong trading volume. From a technical perspective, the share price has broken out from its multi-month downtrend resistance line at RM1.44. Coupled with a crossover of the MACD line over the Signal line, it lends a hand to the bullish bias in the stock. Buying momentum looks positive with both Stochastic and RSI indicators trending upwards albeit Stochastic being in the overbought territory. Follow through buying interest could rally its share price to retest the all-time high resistance level of RM1.86 (R1) level.

Source: Kenanga