TChong, another stock that has outperformed the general market in the past three months is now showing signs of weakness. It has started to trade below its 50-day moving average.  The MACD trend indicator continues to trend downwards and it has breached below its centreline which suggests that the condition has turned bearish for TChong. The immediate support level to watch out will be at RM2.70 and a violation below it may trigger a further sell-off towards the next support at RM2.30. However with the RSI oscillator hovering below the 30% oversold level, TChong may see a short-term bounce in the coming weeks. Immediate resistance will be at RM2.98 followed by RM3.16 next.