[%jFhm%]: Breaking Resistance, Signs Turning Positive

On 17/5/2024, ASIAFLE's share price rose by 1.8% (RM0.04) to close at RM2.26, breaking through the short-term resistance at EMA20. The current price stands above EMA20, MA70, and MA200, indicating an uptrend across short, mid, and long-term averages. The MACD suggests a potential golden cross, further supporting the possibility of continued price increases. The RSI is at 57.90, indicating a neutral position. Despite the trading volume not hitting new highs, it is sufficient to support the price increase based on historical trends. Fundamentally, the company is strong with a PE ratio of 9.61x and a dividend yield of 3.10%. Notably, the company maintained stable earnings and profitability even during the pandemic.

Support: RM2.20, RM2.16
Resistance: RM2.30, RM2.33

*This is not an investment advice, only for education purposes.

$KLSE-ASIAFLE: Breaking Resistance, Signs Turning Positive

On 17/5/2024, ASIAFLE's share price rose by 1.8% (RM0.04) to close at RM2.26, breaking through the short-term resistance at EMA20. The current price stands above EMA20, MA70, and MA200, indicating an uptrend across short, mid, and long-term averages. The MACD suggests a potential golden cross, further supporting the possibility of continued price increases. The RSI is at 57.90, indicating a neutral position. Despite the trading volume not hitting new highs, it is sufficient to support the price increase based on historical trends. Fundamentally, the company is strong with a PE ratio of 9.61x and a dividend yield of 3.10%. Notably, the company maintained stable earnings and profitability even during the pandemic.

Support: RM2.20, RM2.16
Resistance: RM2.30, RM2.33

*This is not an investment advice, only for education purposes.

$ASIAFLE / 7129 (ASIA FILE CORPORATION BHD)