Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Wed, 25 Nov 2020, 10:23 AM


Daily technical highlights – (FPGROUP,RSAWIT)

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FPGROUP (Not Rated)

  • FPGROUP gained 1.5sen (+2.42%) to close at RM0.635.
  • Chart-wise, the share has been trading within the rising channel since September-2019.
  • Besides, the share continues to trade above all key SMAs. Coupled with bullish MACD signal, we opine that the uptrend remains intact.
  • Should the share head north, key resistance can be found at RM0.680 (R1) and RM0.710 (R2)
  • Conversely, key support levels are found at RM0.520 (S1) and RM0.480 (S2).

RSAWIT (Not Rated)

  • RSAWIT gained 1.0sen (+4.44%) to end at RM0.235 yesterday.
  • Chart-wise, the share has crossed above all key SMAs since November-2019, backed by higher-than-average trading volume.
  • Besides, bullish signal from MACD indicator further supports the bullish underlying trend, hence we believe that the share could move higher.
  • Should buying momentum persist, key resistance can be found at RM0.280 (R1) and RM0.300 (R2).
  • Conversely, downside supports can be identified at RM0.200 (S1) and RM0.170 (S2).

Source: Kenanga Research - 5 Dec 2019

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Related Stocks

Chart Stock Name Last Change Volume 
FPGROUP 0.985 +0.02 (2.07%) 467,300 
RSAWIT 0.28 0.00 (0.00%) 4,198,300 

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