Highlights

M+ Online Research Articles

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

 

M+ Online Technical Focus - 4 May 2020

Author:   |    Publish date:


The FBM KLCI was powered above the 1,400 psychological level as the key index closed at around the 1,407.78 level ahead of the extended weekend break. The MACD Histogram has turned green, while the RSI remains above 50. Resistance will be pegged around the 1,420-1,430 levels. Support will be set around the 1,360 level.

ISTONE has rebounded to re-test the EMA120 level on improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a potential pennant-formation breakout above the RM0.18 level, targeting the RM0.20-RM0.215 levels. Support will be located around the RM0.165 level.

GBGAQRS has extended its gains above the EMA9 level on mild volumes. The MACD Line has risen above the zero level, but the RSI is overbought. Monitor for a resistance breakout above the RM0.88 level, targeting the RM0.945-RM0.99 levels. Support will be located around the RM0.80 level.

CJCEN has rebounded to re-test the EMA60 level on mildly improved volumes. The MACD Line remains above the zero level, but the RSI is overbought. Monitor for a potential flag-formation breakout above the RM0.295 level, targeting the RM0.315-RM0.325 levels. Support will be anchored around the RM0.28 level.

Source: Mplus Research - 4 May 2020

Share this
Labels: CJCEN, GBGAQRS, ISTONE

Related Stocks

Chart Stock Name Last Change Volume 
CJCEN 0.43 0.00 (0.00%) 1,040,900 
GBGAQRS 0.695 -0.005 (0.71%) 1,763,500 
ISTONE 0.245 0.00 (0.00%) 13,617,300 

  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
 
 

551  376  631  906 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 AT 0.200.00 
 SAPNRG 0.12+0.005 
 KANGER 0.1850.00 
 VIVOCOM 1.14+0.13 
 BINTAI 0.83+0.035 
 KNM 0.205+0.005 
 BIOHLDG 0.32+0.005 
 TNLOGIS 0.87+0.105 
 TDM 0.29+0.025 
 SANICHI 0.06-0.005 

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