Highlights

Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Thu, 14 Jan 2021, 5:53 PM

 

Daily Technical Highlights – (KAWAN,SCICOM)

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KAWAN (Not Rated)

  • KAWAN dropped 3.0sen (-1.88%) to close at RM1.57 yesterday.
  • Chart-wise, the share has broken above the “rounding bottom” reversal chart pattern yesterday couple with higher-than average trading volume.
  • Bullish crossover signal from MACD indicator further supports the trend reversal.
  • Should the share continue heading north, key resistance levels are seen at RM1.80 (R1) and RM2.10 (R2).
  • Conversely, key support levels can be seen at RM1.30 (S1) and RM1.20 (S2).

SCICOM (Not Rated)

  • SCICOM gained 5.0sen (+4.63%) to end at RM1.13 yesterday.
  • Chart-wise, the share has been trading above all the key SMAs and yesterday, the share price has broken above the previous high coupled with higher-than-average trading volume.
  • Besides, the bullish signal from MACD indicator further supports the underlying trend.
  • From here on key resistance can be found at RM1.35 (R1) and RM1.60 (R2).
  • Conversely, downside supports can be identified at RM0.850 (S1) and RM0.750 (S2).

Source: Kenanga Research - 27 Nov 2019

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Labels: KAWAN, SCICOM

Related Stocks

Chart Stock Name Last Change Volume 
KAWAN 2.14 +0.01 (0.47%) 868,500 
SCICOM 0.925 +0.005 (0.54%) 384,800 

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