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M+ Online Research Articles

Author: MalaccaSecurities   |   Latest post: Tue, 22 Oct 2019, 8:54 AM

 

M+ Online Technical Focus - 20 Sept 2019

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The FBM KLCI lingered in the negative territory for the entire trading session, before closing lower to around the 1,593.65 level yesterday. The MACD Histogram has extended another red bar, but the RSI has risen above 50. Resistance will be pegged around the 1,610-1,620 levels. Support will be set around the 1,580 level.

HTPADU has rebounded off the EMA20 level with improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a symmetrical triangle formation breakout above the RM1.21 level, targeting the RM1.33-RM1.44 levels. Support will be set around the RM1.13 level.

VIS has advanced to close above the EMA120 level on high volumes. The MACD Line has risen above the zero level, while the RSI treading slightly below overbought. Price might stage a pullback, before targeting the RM0.43-RM0.455 levels. Support will be set around the RM0.355 level.

DNEX has experienced a consolidation breakout above the RM0.27 level with improved volumes. The MACD Histogram has extended another green bar, but the RSI slightly overbought. Price might stage a pullback, before targeting the RM0.295-RM0.31 levels. Support will be located around the RM0.255 level.

Source: Mplus Research - 20 Sept 2019

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Labels: HTPADU, VIS, DNEX

Related Stocks

Chart Stock Name Last Change Volume 
HTPADU 1.10 -0.04 (3.51%) 1,282,700 
VIS 0.455 -0.01 (2.15%) 6,857,800 
DNEX 0.28 +0.005 (1.82%) 9,550,400 

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