Highlights

Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Fri, 24 Jan 2020, 4:01 PM

 

Daily technical highlights – (JAKS,FRONTKN)

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JAKS (Not Rated)

  • JAKS gained 4.0sen (+3.31%) to close at RM1.25.
  • Chart-wise the share has been on an uptrend since early-October.
  • Yesterday’s bullish candlestick found support near its 20-Day SMA. Coupled with an uptick in RSI while its MACD appears to be staging a bullish MACD crossover, we thus expect the share to trend higher.
  • Should the share head north, key resistance can be found at RM1.35 (R1) and RM1.45 (R2)
  • Conversely, key support levels are found at RM1.15 (S1) and RM1.00 (S2)

FRONTKN (Not Rated)

  • FRONTKN gained 11.0sen (+5.56%) to end at RM2.09 yesterday.
  • Chart-wise, the share has been on an uptrend since mid-December last year.
  • Yesterday’s candlestick closed higher with the formation of a “Marubozu” candlestick, signifying strong buying interest. Given an uptick in all key technical indicators, we expect more upside to be seen.
  • Should buying momentum persist, key resistance can be found at RM2.15 (R1) and RM2.30 (R2).
  • Conversely, downside supports can be identified at RM1.95 (S1) and RM1.70 (S2).

Source: Kenanga Research - 4 Dec 2019

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Labels: JAKS, FRONTKN

Related Stocks

Chart Stock Name Last Change Volume 
JAKS 1.43 +0.01 (0.70%) 8,842,100 
FRONTKN 2.62 -0.03 (1.13%) 799,500 

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