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M+ Online Research Articles

Author: MalaccaSecurities   |   Latest post: Fri, 23 Oct 2020, 9:24 AM

 

M+ Online Technical Focus - 20 Nov 2019

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The FBM KLCI managed to recover all its intraday losses to remain above the 1,600 psychological level as the key index closed at around the 1,605.31 level yesterday. The MACD Histogram has extended another green bar, while the RSI remains above 50. Resistance will be pegged around the 1,620-1,630 levels. Support will be set around the 1,590 level.

DUFU has rebounded to re-test the EMA20 level on improved volumes. The MACD Histogram has extended another green bar, but the RSI remains below 50. Monitor for a trendline breakout above the RM2.90 level, targeting the RM3.08-RM3.20 levels. Support will be located around the RM2.78 level.

LEWEKO has experienced a flag-formation breakout above the RM0.215 level with rising volumes. The MACD Histogram has turned green, but the RSI is slightly overbought. Price may trend higher, targeting the RM0.24-RM0.255 levels. Support will be located around the RM0.195 level.

DAYANG has formed a bullish candle to close above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may advance, targeting the RM2.20-RM2.35 levels. Support will be located around the RM1.85 level.

Source: Mplus Research - 20 Nov 2019

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Labels: DUFU, LEWEKO, DAYANG

Related Stocks

Chart Stock Name Last Change Volume 
DUFU 3.38 +0.04 (1.20%) 3,036,400 
LEWEKO 0.135 -0.005 (3.57%) 2,001,800 
DAYANG 0.835 -0.015 (1.76%) 2,429,900 

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