Highlights

Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Mon, 9 Dec 2019, 10:49 AM

 

Daily Technical Highlights – (AWC, SUPERMX)

Author:   |    Publish date:


AWC (Trading Buy, TP: RM0.865; SL: RM0.675)

  • AWC gained 1.0 sen (+1.32%) to close at RM0.770 yesterday.
  • Recall we mentioned in our previous report that we may consider a “Trading Buy” should AWC break above its 100-day SMA. Yesterday’s move saw the share punching through the 100-day SMA fulfilling our condition. Coupled with positive upticks in key momentum indicators, we believe that there could be more room for upside.
  • From here, we expect AWC to test its resistance at RM0.810 (R1) where a break above it would see a further rally to RM0.880 (R2).
  • Immediate downside support is at RM0.740 (S1), failing which further support is located at RM0.690 (S2) below.

SUPERMX (Not Rated)

  • Yesterday, SUPERMX lost 1.0 sen (-0.64%) to close at RM1.56.
  • Chart-wise, the share seems to be undergoing a bearish momentum after losing c.7% over the past five-day. Notably, the share is currently trading below all of its SMAs as it closed below its 20-day SMA yesterday.
  • Shorter-term SMAs are also trading below longer-term SMAs which indicate that the downtrend is still intact. We believe that there may be further downside owing to lacklustre key momentum indicators.
  • Immediate support levels can be found at RM1.41 (S1) and RM1.21 (S2). Conversely, resistance can be identified at RM1.70 (R1) and RM1.85 (R2).

Source: Kenanga Research - 27 Feb 2019

Share this
Labels: AWC, SUPERMX

Related Stocks

Chart Stock Name Last Change Volume 
AWC 0.63 -0.01 (1.56%) 1,079,700 
SUPERMX 1.40 +0.06 (4.48%) 6,035,200 

  Be the first to like this.
 


 

350  355  474  793 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 PERDANA-PR 0.02+0.005 
 JAKS 1.27-0.03 
 SANICHI 0.045-0.005 
 TDM 0.31+0.005 
 FPGROUP 0.685+0.045 
 DGB-WB 0.01-0.005 
 ARMADA 0.485+0.025 
 SAPNRG 0.2650.00 
 DGB 0.145+0.005 
 VELESTO 0.3650.00 

FEATURED POSTS

1. Leveraged & Inverse ETF CMS
Partners & Brokers