Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Mon, 23 Nov 2020, 11:51 AM


Daily Technical Highlights – (D&O,GTRONIC)

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D&O (Not Rated)

  • D&O gain 1.0 sen (+1.64%) to close at RM0.620.
  • Chart-wise, the share has been on a rather steady uptrend since last month, which saw it currently trading above all of its key-SMAs.
  • Coupled with a bullish MACD crossover and stronger-than-average trading volumes, we believe that the bullish momentum may persist.
  • Expect the share to trend higher to test the resistance level at RM0.675 (R1) and RM0.735 (R2)
  • On the other hand, support levels can be found at RM0.530 (S1) and RM0.495 (S2).

GTRONIC (Not Rated)

  • Yesterday, GTRONIC gained 3.0 sen (+1.44%) to close at RM2.11.
  • Chart-wise, the share has recently broken above the previous peak and trading above all the key SMAs.
  • Coupled with bullish MACD indicator, we believe the share could move higher.
  • Should the buying interest persist, the key resistance levels to look out for are RM2.40 (R1) and RM2.60 (R2).
  • Conversely, downside supports can be identified at RM1.90 (S1) and RM1.75 (S2).

Source: Kenanga Research - 8 Oct 2019

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Labels: D&O, GTRONIC

Related Stocks

Chart Stock Name Last Change Volume 
D&O 1.53 +0.05 (3.38%) 8,841,800 
GTRONIC 2.89 +0.02 (0.70%) 796,100 

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