HUME has rebounded by 28.0sen or +8.92% yesterday post its multi-month downtrend. From the technical point of view, MACD has shown a sign of turnaround with a slight hook up observed. On top of that, both its Stochastic and RSI indicators have rebounded off their oversold zone, signaling a strong revival in buying interest of the stock. While underlying trend remains downward biased with its share price below all 3 key SMAs, we advocate investors to look out for breakout from its immediate resistance at RM3.64 (RI) for potential revive in share price positive movement.
Source: Kenanga