Highlights

Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Fri, 4 Dec 2020, 8:55 AM

 

Daily technical highlights – (JHM, RSAWIT)

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JHM (Not Rated)

  • JHM gained 6.0sen (+4.0%) to close at RM1.56 yesterday.
  • Chart-wise the stock has been trading above all the key SMAs since Dec 2019, breaking above the “Flag” continuation chart pattern yesterday.
  • Besides, a bullish signal from its MACD indicator further supports the positive sentiment.
  • Should the stock continue to head north, key resistance levels are seen at RM1.66 (R1) and RM1.70 (R2).
  • Conversely, key support levels can be seen at RM1.40 (S1) and RM1.36 (S2).

RSAWIT (Not Rated)

  • RSAWIT gained 6.5sen (+22.81%) to end at RM0.350 yesterday.
  • Chart-wise, the stock has been trading above all the key SMAs since Nov 2019. Yesterday, it has formed a long bullish candlestick on the back of higher-than-average trading volume.
  • Besides, a bullish signal from its MACD indicator further supports the uptrend.
  • From here on, key resistance levels can be found at RM0.440 (R1) and RM0.460 (R2).
  • Conversely, downside supports can be identified at RM0.260 (S1) and RM0.230 (S2).

Source: Kenanga Research - 17 Dec 2019

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Labels: RSAWIT, JHM

Related Stocks

Chart Stock Name Last Change Volume 
RSAWIT 0.295 0.00 (0.00%) 13,853,500 
JHM 1.90 -0.03 (1.55%) 3,375,300 

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