Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Thu, 27 Feb 2020, 10:29 AM


Daily Technical Highlights – (MFCB,GENTING)

Author:   |    Publish date:

MFCB (Not Rated)

  • MFCB jumped by 15.0sen (+3.40%) to end at RM4.56 yesterday.
  • Chart-wise the share has been trending above all key-SMAs since early-September.
  • Yesterday’s candlestick closed higher with a “Marubozu Candlestick”, indicating strong buying interest. Coupled with above average trading volume and healthy key-SMAs, we expect the uptrend to persist.
  • Should the share head north, overhead resistance are seen at RM4.80 (R1) and RM5.10 (R2).
  • Conversely, key support levels can be seen at RM4.30 (S1) and RM4.00 (S2).

GENTING (Not Rated)

  • GENTING gained by 8.0 sen (+1.34%) to end at RM6.04 yesterday.
  • Chart-wise, the share has been declining but buying interest resumed and resulted in a trend reversal in early-November.
  • Yesterday, the candlestick marked the third consecutive bullish candlestick, which signifies strong buying momentum. Should the 20-Day SMA continue trending upward, we see a potential of a “Golden Cross” formation.
  • With that, key resistance levels can be found at RM6.35 (R1) and RM7.00 (R2).
  • Conversely, downside supports can be identified at RM5.75 (S1) and RM4.97 (S2).

Source: Kenanga Research - 6 Nov 2019

Share this

Related Stocks

Chart Stock Name Last Change Volume 
MFCB 5.33 -0.10 (1.84%) 539,000 
GENTING 5.19 +0.01 (0.19%) 2,985,600 

  Be the first to like this.


221  483  525  1101 

Top 10 Active Counters
 AVI 0.160.00 
 ASB 0.185-0.035 
 ARMADA 0.34-0.035 
 DSONIC 1.17+0.13 
 SAPNRG 0.205-0.005 
 PWRWELL 0.365-0.045 
 XOX 0.0550.00 
 HSI-C7V 0.26+0.055 
 DSONIC-WA 0.50+0.115 
 MYEG 1.13-0.05 


1. Rgtech - Superb Growth Tech stock incoming!!!! share4u_2020
2. Dayang versus Carimin & Uzma - Koon Yew Yin Koon Yew Yin's Blog
3. I Am Not Power Crazy - Has Dr M Taken a Step Too Far? AN UNFOLDING DRAMA (Sarawak Report) save malaysia!!!
4. Tuan Ibrahim: All PAS, Umno MPs signed SD for Muhyiddin to be PM save malaysia!!!
5. DAP reps say Pakatan went with Anwar as ‘Mahathir government’ would give Dr M carte blanche save malaysia!!!
6. [转贴] [Facebook live video:浅谈Kronologi Asia bhd (Krono)] - James的股票投资James Share Investing James的股票投资James Share Investing
7. Thai AirAsia Announces Operational Results for 2019 Q4 Good Articles to Share
8. DAP’s Yeo says Pakatan went with Anwar as ‘Mahathir government’ would give Dr M carte blanche save malaysia!!!
Partners & Brokers