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Author: MalaccaSecurities   |   Latest post: Fri, 19 Jul 2019, 11:36 AM

 

M+ Online Technical Focus - 10 Jun 2019

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The FBM KLCI rebounded in tandem with the mostly positive sentiment across its regional peers as the key index closed higher to around the 1,644.09 level last Friday. The MACD Histogram has extended another red bar, while the RSI is overbought. Resistance will be pegged around the 1,660-1,670 levels. Support will be set around the 1,630 level.

ASTRO has rebounded to close above the EMA20 level with mildly improved volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Monitor for a breakout above the RM1.41 level, targeting the RM1.52 and RM1.61 levels. Support will be set around the RM1.35 level.

BAHVEST has advanced to close above the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI has risen above 50. Monitor for a symmetrical triangle formation breakout above the RM0.65 level, targeting the RM0.705-RM0.74 levels. Support will be anchored around the RM0.615 level.

MYEG has advanced to close above the EMA20 level with mildly improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI remains above 50. Monitor for a breakout above the RM1.44 level, targeting the RM1.53-RM1.60 levels. Support will be pegged around the RM1.37 level.

Source: Mplus Research - 10 Jun 2019

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Labels: ASTRO, BAHVEST, MYEG

Related Stocks

Chart Stock Name Last Change Volume 
ASTRO 1.44 +0.01 (0.70%) 468,300 
BAHVEST 0.64 +0.015 (2.40%) 5,006,100 
MYEG 1.58 +0.03 (1.94%) 13,295,100 

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