Highlights

M+ Online Research Articles

Author: MalaccaSecurities   |   Latest post: Thu, 21 Nov 2019, 10:25 AM

 

M+ Online Technical Focus - 4 Oct 2019

Author:   |    Publish date:


The FBM KLCI gapped-down to trend lower for the third straight session as the key index closed at around the 1,564.12 level yesterday. The MACD Histogram has extended another red bar, while the RSI remains oversold. Resistance will be pegged around the 1,580-1,600 levels. Support will be set around the 1,550 level.

TEOSENG has rebounded off the EMA60 level with mildly improved volumes. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a resistance breakout above the RM1.16 level, targeting the RM1.27-RM1.31 levels. Support will be pegged around the RM1.10 level.

POS has advanced to close above the EMA9 level. The MACD Histogram has turned green, while the RSI remains above 50. Monitor for a breakout above the RM1.70 level, targeting the RM1.80-RM1.86 levels. Support will be set around the RM1.62 level.

EDARAN has experienced a trendline breakout above the RM0.43 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Price may advance, targeting the RM0.505-RM0.525 levels. Support will be located around the RM0.41 level.

Source: Mplus Research - 4 Oct 2019

Share this
Labels: TEOSENG, POS, EDARAN

Related Stocks

Chart Stock Name Last Change Volume 
TEOSENG 1.33 0.00 (0.00%)
POS 1.44 0.00 (0.00%)
EDARAN 0.42 0.00 (0.00%)

  Be the first to like this.
 


 

2018 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SCOMNET 0.820.00 
 KOTRA 2.100.00 
 UCREST 0.1550.00 
 PINEAPP 0.3850.00 
 PUC 0.0550.00 
 WILLOW 0.4350.00 
 IRIS 0.140.00 
 TOPGLOV-C60 0.0650.00 
 BTECH 0.2150.00 
 3A 0.7850.00 
Partners & Brokers