Highlights

Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Fri, 4 Dec 2020, 8:55 AM

 

Daily Technical Highlights – (CIMB, HLIND)

Author:   |    Publish date:


CIMB (Not Rated)

  • CIMB declined by 9.0 sen (-1.70%) to end at RM5.20 yesterday.
  • Chart-wise, the share has since been trending downwards since the formation of a “Death Cross” in March 2019.
  • We observed that CIMB could be entering into a retracement phase after a short rally since early October. Therefore we believe there may be more downsides as the RSI remains lacklustre after coming off from overbought levels.
  • From here onwards, overhead resistance can be found at RM5.40 (R1) and RM5.60 (R2).
  • Meanwhile, downside supports can be seen at RM5.10 (S1) and RM4.90 (S2).

HLIND (Not Rated)

  • HLIND fell 24.0 sen (-2.30%) to close at RM10.36 yesterday.
  • Yesterday’s close saw a bearish candlestick which marked the third consecutive bearish candlestick, indicating strong selling momentum.
  • Coupled with a bearish MACD Crossover and shorter-term SMAs trading below longer-term SMAs, we thus expect the downtrend to persist.
  • With that, key support levels can be seen at RM10.10 (S1) and RM9.80 (S2).
  • Conversely, resistance levels can be found at RM10.70 (R1) and RM11.00 (R2).

Source: Kenanga Research - 14 Nov 2019

Share this
Labels: CIMB, HLIND

Related Stocks

Chart Stock Name Last Change Volume 
CIMB 3.90 +0.06 (1.56%) 25,614,000 
HLIND 8.94 +0.15 (1.71%) 87,100 

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View Trading Signals and run Live Backtest
MQ Affiliate
Earn rewards with MQ Affiliate Program
 
 

546  656  538  392 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 YONGTAI 0.365+0.07 
 MTRONIC 0.135+0.015 
 HWGB 0.88+0.035 
 SAPNRG 0.125+0.005 
 AT 0.195+0.01 
 MTRONIC-WA 0.09+0.015 
 KNM 0.23+0.02 
 PHB 0.030.00 
 INIX 0.33+0.065 
 EAH 0.03-0.005 

FEATURED POSTS

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!
PARTNERS & BROKERS