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M+ Online Research Articles

Author: MalaccaSecurities   |   Latest post: Mon, 13 Jul 2020, 9:58 AM

 

M+ Online Technical Focus - 12 Feb 2019

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The FBM KLCI staged a quick recovery as the key index formed a bullish harami candle to close at around the 1,551.48 level yesterday. The MACD Histogram has extended another green bar, while the RSI has recovered from oversold. Resistance will be pegged around the 1,570-1,580 levels. Support will be set around the 1,535 level.

JOHOTIN has experienced a flag-formation breakout above the RM1.74 level on improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI is re-testing 50. Price may trend higher, targeting the RM1.89 and RM2.00 levels. Support will be set around the RM1.63 level.

MBMR has extended its’ gains to close above the EMA60 level. The MACD Indicator has issued a BUY Signal, while the RSI is approaching 50. Monitor for a short-term consolidation breakout above the RM3.95 level, targeting the RM4.11-RM4.18 levels. Support will be anchored around the RM3.80 level.

SUNCON has advanced to close above the EMA60 level. The MACD Line has risen above the zero level, while the RSI remains above 50. Monitor for a breakout above the RM1.89 level, targeting the RM2.01- RM2.09 levels. Support will be located around the RM1.81 level.

Source: Mplus Research - 12 Feb 2020

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Labels: JOHOTIN, MBMR, SUNCON

Related Stocks

Chart Stock Name Last Change Volume 
JOHOTIN 1.43 0.00 (0.00%)
MBMR 3.14 0.00 (0.00%)
SUNCON 1.95 0.00 (0.00%)

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