M+ Online Research Articles

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


M+ Online Technical Focus - 14 Feb 2019

Author:   |    Publish date:

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 - 14 Feb 2020

Share this

Related Stocks

Chart Stock Name Last Change Volume 
GDB 0.70 +0.015 (2.19%) 3,640,600 
WASEONG 0.435 -0.01 (2.25%) 10,400 
AME 2.09 0.00 (0.00%) 152,600 

  Be the first to like this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate

279  377  603  1188 

Top 10 Active Counters
 IRIS 0.295-0.01 
 DGSB 0.195+0.01 
 MLAB 0.0250.00 
 ESCERAM 0.755+0.025 
 KGROUP-OR 0.005-0.005 
 SENDAI-WA 0.10+0.095 
 QES 0.315+0.015 
 DSONIC-WA 0.255-0.005 
 HIAPTEK 0.215+0.015 
 YONGTAI 0.13-0.01 


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!