Highlights

M+ Online Research Articles

Author: MalaccaSecurities   |   Latest post: Wed, 20 Nov 2019, 9:00 AM

 

M+ Online Technical Focus - 26 April 2019

Author:   |    Publish date:


The FBM KLCI rejected the EMA20 level as the key index trended lower to close at around the 1,635.68 level yesterday. The MACD Histogram has extended another green bar, but the RSI remains below 50. Resistance will be pegged around the 1,650-1,660 levels. Support will be set around the 1,610 level.

CHINWEL has experienced a trendline breakout above the RM1.84 level with improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Price may advance, targeting the RM1.94-RM2.00 levels. Support will be set around the RM1.77 level.

BPPLAS has experienced a breakout above the RM1.09 level with high volumes. The MACD Histogram has extended another green bar, while the RSI is overbought. Monitor for a slight pullback, before targeting the RM1.17 and RM1.22 levels. Support will be anchored around the RM1.04 level.

JHM has formed a bullish engulfing candle above the EMA9 level with high volumes. The MACD Indicator has issued a BUY Signal, while the RSI is treading marginally below the overbought level. Monitor for a breakout above the RM1.37 level, targeting the RM1.45-RM1.53 levels. Support will be pegged around the RM1.30 level.

Source: Mplus Research - 26 Apr 2019

Share this
Labels: CHINWEL, BPPLAS, JHM

Related Stocks

Chart Stock Name Last Change Volume 
CHINWEL 1.55 -0.02 (1.27%) 322,200 
BPPLAS 1.05 +0.01 (0.96%) 25,800 
JHM 1.42 -0.03 (2.07%) 1,857,300 

  Be the first to like this.
 


 

426  261  559  762 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ALAM 0.13+0.03 
 FINTEC 0.080.00 
 ARMADA 0.545+0.015 
 TIGER 0.09+0.015 
 EKOVEST 0.815+0.035 
 SAPNRG 0.2950.00 
 DGB 0.165+0.005 
 TRIVE 0.010.00 
 HSI-H8F 0.29+0.04 
 KNM 0.41-0.015 

TOP ARTICLES

1. Formosa Prosonic Industries - Divesting the Last Australian Project - Solid Net Cash, Strong DY and Attractive Valuations HLBank Research Highlights
2. (Icon) Why You Should Learn To Invest In Overseas Stocks Icon8888 Gossips About Stocks
3. Dayang: Points to ponder & can you advise me? Koon Yew Yin Koon Yew Yin's Blog
4. Challenging Times for Retirees with Ultra-Low Interest Rates. BFM Podcast
5. Jaks Resources Bhd: A relook into Jaks Resources from Profitability, Volume Spread Analysis and what’s Insiders Report are telling they are doing Now? TradeVSA - Case Study
6. [12Invest] 我要投资 - 浅谈以Reverse Takeover 上市的Widad Group(0162) [12Invest] - 我要投资
7. Rohas Tecnic - More to Come HLBank Research Highlights
8. M+ Online Technical Focus - 20 Nov 2019 M+ Online Research Articles
Partners & Brokers