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Author: MalaccaSecurities   |   Latest post: Wed, 22 Jan 2020, 9:32 AM

 

M+ Online Technical Focus - 11 Sept 2019

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The FBM KLCI gapped down as the key index started off the week on a dour note, closing lower to around the 1,595.85 level yesterday. The MACD Histogram has turned red, while the RSI has tripped below 50. Resistances will be pegged around the 1,610-1,620 levels. Support will be set around the 1,580 level.

FPRGOUP has experienced a resistance breakout above the RM0.37 level with high volumes. The MACD Indicator has issued a BUY Signal, while the RSI remains above 50. Price may stage a mild pullback, before targeting the RM0.405-RM0.425 levels. Support will be anchored around the RM0.345 level.

OCK has extended its gains above the EMA9 level. The MACD Histogram has extended another green bar, while the RSI remains above 50. Monitor for a breakout above the RM0.62 level, targeting the RM0.685-RM0.73 levels. Support will be pegged around the RM0.56 level.

FRONTKN has extended its gains above the EMA9 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is re-testing 50. Price may trend higher, targeting the RM1.72-RM1.80 levels. Support will be pegged around the RM1.53 level.

Source: Mplus Research - 11 Sept 2019

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Labels: FPGROUP, OCK, FRONTKN

Related Stocks

Chart Stock Name Last Change Volume 
FPGROUP 0.86 +0.005 (0.58%) 2,771,800 
OCK 0.59 0.00 (0.00%) 672,000 
FRONTKN 2.57 +0.09 (3.63%) 3,824,200 

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