M+ Online Research Articles

Author: MalaccaSecurities   |   Latest post: Fri, 22 Jan 2021, 10:26 AM


M+ Online Technical Focus - 27 May 2020

Author:   |    Publish date:

The FBM KLCI halted a 7-day winning streak prior to the extended weekend break as the key index closed lower at around the 1,436.76 level on last Friday. The MACD Histogram has turned red, while the RSI has retreated from the overbought zone. Resistance will be pegged around the 1,460-1,480 levels. Support will be set around the 1,420 level.

SCOMNET has gapped up to remain above the EMA9 level on high volumes. The MACD Indicator has issued a BUY Signal, but the RSI is slightly overbought. Monitor for a resistance breakout above the RM0.885 level, targeting the RM0.97-RM1.00 levels. Support will be anchored around the RM0.80 level.

DIGI has formed a bullish candle to rebound off the EMA60 level on mild volumes. The MACD Histogram has turned green, but the RSI remains below 50. Monitor for a potential flag-formation breakout above the RM4.51 level, targeting the RM4.68-RM4.78 levels. Support will be located around the RM4.37 level.

SLP has formed a bullish harami candle to close above the EMA20 level on improved volumes. The MACD Histogram has turned green, but the RSI is below 50. Monitor for a breakout above the RM0.865 level, targeting the RM0.93-RM0.98 levels. Support will be pegged around the RM0.83 level.

Source: Mplus Research - 27 May 2020

Share this

Related Stocks

Chart Stock Name Last Change Volume 
SLP 0.88 -0.005 (0.56%) 69,000 
DIGI 4.00 -0.02 (0.50%) 2,656,000 
SCOMNET 1.88 +0.03 (1.62%) 705,100 

  Be the first to like this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Perform Technical & Fundamental Analysis on Stocks
MQ Affiliate
Earn rewards by referring your friends

564  409  601  26 

Top 10 Active Counters
 TRIVE-OR 0.0050.00 
 QES 0.38+0.04 
 KSTAR 0.21-0.045 
 DNEX 0.26+0.005 
 BIOHLDG 0.30+0.04 
 DYNACIA 0.120.00 
 LAMBO 0.030.00 
 MCLEAN 0.325+0.095 
 AT 0.180.00 
 VSOLAR 0.040.00 


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!