Highlights

M+ Online Research Articles

Author: MalaccaSecurities   |   Latest post: Mon, 30 Nov 2020, 11:52 AM

 

M+ Online Technical Focus - 22 April 2020

Author:   |    Publish date:


The FBM KLCI gapped down after rejecting the EMA60 level as the key index closed at around the 1,381.73 level yesterday. The MACD Histogram has turned red, while the RSI is retreated from overbought. Resistance will be pegged around the 1,420-1,450 levels. Support will be set around the 1,370 level.

LCTITAN has rebounded off the EMA60 level on mild volumes. The MACD Line has expanded positively above the zero level, but the RSI is overbought. Monitor for a potential flag-formation breakout above the RM1.59 level, targeting the RM1.68-RM1.76 levels. Support will be located around the RM1.48 level.

MYCRON has formed a bullish engulfing candle to re-test the EMA60 level on mild volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above the RM0.26 level, targeting the RM0.295-RM0.32 levels. Support will be located around the RM0.22 level.

HLT has experienced a breakout above the RM0.225 level on high volumes. The MACD Histogram has turned green, but the RSI is overbought. Price may stage a mild pullback before targeting the RM0.28- RM0.305 levels. Support will be anchored around the RM0.20 level.

Source: Mplus Research - 22 Apr 2020

Share this
Labels: HLT, MYCRON, LCTITAN

Related Stocks

Chart Stock Name Last Change Volume 
HLT 1.25 +0.03 (2.46%) 8,038,600 
MYCRON 0.345 +0.02 (6.15%) 2,708,300 
LCTITAN 2.61 +0.11 (4.40%) 7,802,000 

  Be the first to like this.
 


APPS
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
 
 

558  569  568  475 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 AT 0.200.00 
 YTL 0.645-0.005 
 SAPNRG 0.1150.00 
 KANGER 0.18-0.005 
 HIAPTEK 0.28+0.025 
 TDM 0.305+0.04 
 VIVOCOM 1.14+0.13 
 HIAPTEK-WB 0.065+0.02 
 FOCUS 0.67+0.015 
 BINTAI 0.82+0.025 

FEATURED POSTS

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!
PARTNERS & BROKERS