Services Bhd (MyEG) saw its share price climb to an all-time high of RM2.41 this morning, rising 15 sen or 6.64% from its previous close. As at 11:28 a.m., the counter pared some gains to advance by 10 sen or 4.42% to RM2.36. Yesterday, MyEG also ended the day with a 10 sen gain to settle at RM2.26. Kenanga IB Research said the group’s share price underlying trend outlook was still positively intact, as the share price is currently supported by all its key simple moving average (SMA) trend lines. “Besides, MACD (moving average convergence divergence) histogram is looking to set a higher high on its bullish convergence,” it said in a technical report today.

Source: The Edge Markets September 21, 2016 04:18 UTC