Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Mon, 26 Oct 2020, 10:23 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

Related Stocks

Chart Stock Name Last Change Volume 
AWC 0.365 -0.01 (2.67%) 505,800 
SUPERMX 8.80 -0.47 (5.07%) 39,458,100 

  Be the first to like this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Earn MQ Points while trading with MQ Traders Group
MQ Affiliate
Earn side income from MQ Affiliate Program

179  730  500  1041 

Top 10 Active Counters
 MRDIY 1.74+0.14 
 VSOLAR 0.03-0.005 
 ASB 0.185+0.02 
 MAHSING 0.99-0.05 
 LUSTER 0.165-0.01 
 KGROUP-OR 0.0050.00 
 IRIS 0.26-0.005 
 XOX 0.1050.00 
 PWORTH 0.0250.00 
 KANGER 0.17-0.005 


1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!