M+ Online Research Articles

Author: MalaccaSecurities   |   Latest post: Wed, 2 Dec 2020, 8:39 AM


M+ Online Technical Focus - 13 Nov 2019

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The FBM KLCI march higher to re-test the EMA120 level as the key index closed at around the 1,609.73 level yesterday. The MACD Histogram has extended another red bar, while the RSI remains overbought. Resistance will be pegged around the 1,620-1,630 levels. Support will be set around the 1,600 level.

JHM has experienced a breakout-pullback-continuation pattern above the EMA20 level on improved volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Price targets are envisaged at around the RM1.45-RM1.50 levels. Support will be located around the RM1.30 level.

EWEIN has formed a bullish candle to close above the EMA20 level. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a short-term trendline breakout above the RM0.65 level, targeting the RM0.69-RM0.72 levels. Support will be located around the RM0.62 level.

MHB has experienced a breakout above the RM0.895 level on mildly improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Price may advance, targeting the RM0.945-RM0.97 levels. Support will be located around the RM0.845 level.

Source: Mplus Research - 13 Nov 2019

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Related Stocks

Chart Stock Name Last Change Volume 
JHM 1.94 +0.04 (2.11%) 3,834,000 
EWEIN 0.315 -0.005 (1.56%) 1,406,500 
MHB 0.40 -0.005 (1.23%) 1,996,900 

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