M+ Online Research Articles

Author: MalaccaSecurities   |   Latest post: Tue, 1 Dec 2020, 8:42 AM


M+ Online Technical Focus - 21 Oct 2019

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The FBM KLCI remained downbeat after erasing all its’ intraday gains as the key index closed lower to around the 1,571.15 level last Friday. Although the MACD Histogram has extended another green bar, the RSI, however, remains below 50. Resistance will be pegged around the 1,580-1,590 levels. Support will be set around the 1,560 level.

CYPARK has experienced a breakout-pullback-continuation pattern to close above the RM1.41 level. The MACD Histogram has turned green, while the RSI has risen above 50. Price may advance, targeting the RM1.50-RM1.57 levels. Support will be pegged around the RM1.36 level.

KGB has experienced a short-term consolidation breakout above the RM1.34 level on high volumes. The MACD Indicator has issued a BUY Signal, while the RSI remains above 50. Price may trend higher, targeting the RM1.41-RM1.45 levels. Support will be set around the RM1.29 level.

HTPADU has rebounded to close above the EMA20 level with mildly improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above the RM1.17 level, targeting the RM1.26-RM1.33 levels. Support will be located around the RM1.06 level.

Source: Mplus Research - 21 Oct 2019

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Related Stocks

Chart Stock Name Last Change Volume 
CYPARK 1.48 +0.04 (2.78%) 27,534,800 
KGB 1.82 0.00 (0.00%) 1,958,300 
HTPADU 1.69 +0.04 (2.42%) 2,112,700 

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