M+ Online Research Articles

Author: MalaccaSecurities   |   Latest post: Fri, 30 Oct 2020, 10:16 AM


M+ Online Technical Focus - 15 Nov 2019

Author:   |    Publish date:

The FBM KLCI remained downbeat as the key index slipped below the EMA60 level to close at around the 1,593.55 level yesterday. The MACD Histogram has extended another red bar, while the RSI has fallen from the overbought level. Resistance will be pegged around the 1,610-1,620 levels. Support will be set around the 1,580 level.

IFCAMSC has rebounded from a three-black crow formation accompanied by improved volumes. The MACD Histogram has extended another red bar, while the RSI is treading marginally below the overbought level. Price targets are envisaged at around the RM0.57-RM0.60 levels. Support will be located around the RM0.485 level.

DSONIC has formed a bullish harami candle to close above the EMA20 level. The MACD Histogram has turned green, but the RSI is below 50. Monitor for a short-term trendline breakout above the RM1.06 level, targeting the RM1.14-RM1.18 levels. Support will be located around the RM1.00 level.

CAB has experienced a breakout-pullback-continuation pattern above the EMA20 level with high volumes. The MACD Indicator has issued a BUY Signal, but the RSI is slightly overbought. Price may advance, targeting the RM0.545-RM0.58 levels. Support will be located around the RM0.445 level.

Source: Mplus Research - 15 Nov 2019

Share this

Related Stocks

Chart Stock Name Last Change Volume 
IFCAMSC 0.34 -0.02 (5.56%) 6,569,500 
DSONIC 0.515 -0.01 (1.90%) 22,634,300 
CAB 0.325 -0.005 (1.52%) 317,700 

  Be the first to like this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Perform Technical & Fundamental Analysis on Stocks
MQ Affiliate
Earn rewards by referring your friends

248  821  476  603 

Top 10 Active Counters
 AT 0.10+0.005 
 DGSB 0.195-0.03 
 VIVOCOM 0.05+0.005 
 AEM 0.16+0.005 
 GPACKET 0.46-0.02 
 MAHSING 0.91-0.05 
 DATAPRP 0.18-0.015 
 HWGB 0.755-0.025 
 LUSTER 0.15-0.015 
 TRIVE 0.010.00 


1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!