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Stock Analysis with ChartNexus
 
Malaysia

Adventa
 

Adventa is another underperforming rubber-related stock. However based on its recent price action, it appears that Adventa is showing signs of further upside potential in the coming weeks. It has started to form higher lows since 9th February 2010 and traded back up its 20 and 50-day moving averages which may imply that the trend has turned bullish. Given such positive configurations, Adventa may be poised for a rally to re-test its historical high at RM4.35. However there may be a risk of a short-term pull-back towards the immediate support at RM3.36 because the Stochastic oscillator has started to inch down from the 80% overbought level. A violation below it may turn the tables around to see a correction towards the key support at RM3.03.

 
 
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