Highlights

Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Fri, 16 Aug 2019, 10:35 AM

 

Daily Technical Highlights – (PADINI, ANNJOO)

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PADINI (Not Rated)

  • Yesterday, PADINI rose 34 sen (+9.69%) to close at RM3.85.
  • Chart-wise, the share seems to be undergoing a bullish momentum as evidenced by the formation of three consecutive white candle sticks for the past few days.
  • Notably, the share decisively closed above its 20-day and 50-day SMAs yesterday, likely posing for more upside possibilities.
  • Expect the share to test resistance at RM4.25 (R1) and RM4.80 (R2).
  • Conversely, downside risks are identified at RM3.50 (S1) and RM3.35 (S2).

ANNJOO (Not Rated)

  • ANNJOO fell 6 sen (-4.05%) to close at RM1.42 yesterday.
  • After trading lower for three consecutive days, the share finally close below its 20-day and 100-day SMAs yesterday, possibly signalling more downwards sentiment.
  • Should selling momentum persist, it is expected that the share to only find supports at RM1.28 (S1) and RM1.16 (S2).
  • Conversely, resistance levels can be identified at RM1.59 (R1) and RM1.74 (R2).

Source: Kenanga Research - 1 Mar 2019

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Labels: PADINI, ANNJOO

Related Stocks

Chart Stock Name Last Change Volume 
PADINI 3.38 -0.03 (0.88%) 114,400 
ANNJOO 1.39 -0.02 (1.42%) 140,700 

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