Highlights

Kenanga Research & Investment

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

 

Daily technical highlights – (FPGROUP,RSAWIT)

Author:   |    Publish date:


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

Share this
Labels: FPGROUP, RSAWIT

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 

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate
 
 

446  251  633  1132 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SAPNRG 0.125+0.01 
 AT 0.17+0.015 
 KGROUP-WC 0.020.00 
 KNM 0.21+0.015 
 ARMADA 0.285+0.015 
 NETX 0.140.00 
 HIBISCS 0.635+0.045 
 KGROUP 0.0550.00 
 ALAM 0.10+0.01 
 HIBISCS-WC 0.09+0.035 

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