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Overhead resistance set to be tested.
(From Business Times (Malaysia))
Byline: S.N. Lock
THE benchmark Kuala Lumpur Composite Index (KLCI) staged a re-challenge of its overhead resistance of 970 as advances beat declines by 329 to 317.
The KLCI rose from its intra-day low of 966.19 to its high of 970.79, closing at 968.88 yesterday, giving a day-on-day gain of 2.56 points, or 0.26 per cent.
Amtel Holdings Bhd staged a follow-through rebound yesterday as its daily price trend rose to close at RM1.45 yesterday, giving a day-on-day gain of 8 sen, or 7.77 per cent.
Chartwise, Amtel's daily price trend fell from its high of RM1.57 on September 5 to its intra-day low of …
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