Highlights

Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Thu, 23 Jan 2020, 9:15 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 0.86 +0.005 (0.58%) 10,772,200 
RSAWIT 0.325 -0.02 (5.80%) 12,340,500 

  Be the first to like this.
 


 

308  374  520  783 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 PWRWELL 0.29+0.005 
 MTOUCHE-WC 0.01-0.015 
 HSI-H8K 0.195+0.06 
 DGB 0.13-0.005 
 MTOUCHE 0.17-0.005 
 HSI-C7K 0.275-0.12 
 VC 0.075-0.01 
 SAPNRG 0.27+0.005 
 XDL-WD 0.015-0.005 
 XDL 0.16-0.005 

FEATURED POSTS

1. Leveraged & Inverse ETF CMS

TOP ARTICLES

1. Bank Negara MPC cuts OPR by 25bp to 2.75% save malaysia!!!
2. 【科技成长股】INARI AMERTRON BERHAD – One of EMS Industries Benefit from Cadence and Broadcom Collaboration. 【科技成长股】INARI AMERTRON BERHAD – Benefit from Cadence and Broadcom Collaboration. What Next?
3. China will keep buying our palm oil, Darell Leiking says save malaysia!!!
4. Dayang: Only fools will sell - Koon Yew Yin Koon Yew Yin's Blog
5. Notion Vtec Berhad – PART I - by Davidtslim: A high precision metal parts Specialist who rides on Electronic Manufacturing Services (“EMS”) Davidtslim sharing
6. 4大手套股发“灾难财” 星洲日報/投資致富‧企業故事
7. Top Glove and Supermax: Potential Beneficiaries Amid Coronavirus Outbreak KL Trader Investment Research Articles
8. 不是叫你买股 - NOTION篇,火后凤凰? 作者 JC JC
Partners & Brokers