M+ Online Research Articles

Author: MalaccaSecurities   |   Latest post: Tue, 4 Aug 2020, 6:39 PM


M+ Online Technical Focus - 14 Jun 2019

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The FBM KLCI registered its third straight session of decline, mirroring the weakness across its regional peers as the key index closed at around the 1,643.74 level yesterday. The MACD Histogram has extended another red bar, while the RSI is hovering in the overbought level. Resistances will be pegged around the 1,660-1,670 levels. Support will be set around the 1,630 level.

ADVCON has formed a bullish engulfing candle to close above the EMA60 level with mildly improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Price targets are envisaged at around the RM0.44 and RM0.47 levels. Support will be located around the RM0.365 level.

HSSEB has experienced a trendline breakout above the RM1.10 level with mildly improved volumes. The MACD Histogram has turned green, but the RSI is slightly overbought. Price may trend higher, targeting the RM1.19 and RM1.23 levels. Support will be anchored around the RM1.01 level.

VIZIONE has experienced a short-term consolidation breakout above the RM0.995 level with high volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Monitor for a breakout above the RM0.995 level, targeting the RM1.05-RM1.09 levels. Support will be pegged around the RM0.95 level.

Source: Mplus Research - 14 Jun 2019

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Related Stocks

Chart Stock Name Last Change Volume 
ADVCON 0.37 -0.01 (2.63%) 1,304,500 
HSSEB 0.505 -0.005 (0.98%) 695,300 
VIZIONE 0.395 +0.015 (3.95%) 20,208,600 

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