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M+ Online Research Articles

Author: MalaccaSecurities   |   Latest post: Wed, 11 Dec 2019, 8:54 AM

 

M+ Online Technical Focus - 15 Nov 2019

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The FBM KLCI remained downbeat as the key index slipped below the EMA60 level to close at around the 1,593.55 level yesterday. The MACD Histogram has extended another red bar, while the RSI has fallen from the overbought level. Resistance will be pegged around the 1,610-1,620 levels. Support will be set around the 1,580 level.

IFCAMSC has rebounded from a three-black crow formation accompanied by improved volumes. The MACD Histogram has extended another red bar, while the RSI is treading marginally below the overbought level. Price targets are envisaged at around the RM0.57-RM0.60 levels. Support will be located around the RM0.485 level.

DSONIC has formed a bullish harami candle to close above the EMA20 level. The MACD Histogram has turned green, but the RSI is below 50. Monitor for a short-term trendline breakout above the RM1.06 level, targeting the RM1.14-RM1.18 levels. Support will be located around the RM1.00 level.

CAB has experienced a breakout-pullback-continuation pattern above the EMA20 level with high volumes. The MACD Indicator has issued a BUY Signal, but the RSI is slightly overbought. Price may advance, targeting the RM0.545-RM0.58 levels. Support will be located around the RM0.445 level.

Source: Mplus Research - 15 Nov 2019

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Labels: IFCAMSC, DSONIC, CAB

Related Stocks

Chart Stock Name Last Change Volume 
IFCAMSC 0.445 +0.015 (3.49%) 9,987,300 
DSONIC 1.19 +0.03 (2.59%) 10,253,600 
CAB 0.415 +0.005 (1.22%) 75,800 

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