Tuesday 07 Jan 2025
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KUALA LUMPUR (Oct 26): AllianceDBS Research said Brem Holding Bhd (Brem) had on Oct 25 traded lower to RM1.04 before closing near at the day’s low of RM1.05 (down 2 sen or 1.86%).

In its evening edition yesterday, the research house said Brem continued to stay between the 20-day (blue) and 50-day (red) moving average lines in the last 2 days.

“Following the down close on Oct 25, the stock is likely to move between RM1.02 and RM1.07 in the coming few days.

“A fall below RM1.02 should see further price decline to the subsequent support zone, RM0.985 – RM1.00.

“However, a rise above RM1.07 would lift the stock to the next resistance zone, RM1.11 – RM1.12,” it said.

AllianceDBS Research said stock volume traded on Oct 25 was 580,000 shares compared to the 3-month average volume of 820,000 shares.

The research house said that indicators wise, the MACD was below the 9-day moving average line with the sell signal remains intact.

It said the relative strength index indicated that the stock was currently in a neutral zone.

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