Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Fri, 5 Jun 2020, 9:21 AM


Daily technical highlights – (COMFORT, WASEONG)

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COMFORT (Not Rated)

  • COMFORT gained 4.0sen (+5.26%) to close at RM0.800 yesterday.
  • Chart-wise, the stock has broken above all the key SMAs yesterday, coupled with higher-than-average trading volume.
  • Besides, the formation of a bullish crossover from MACD indicator further supports the trend reversal, hence we believe the stock could move higher going forward.
  • Should the stock continue to head north, its key resistance levels are seen at RM0.840 (R1) and RM0.880 (R2).
  • Conversely, key support levels can be seen at RM0.750 (S1) and RM0.700 (S2).

WASEONG (Not Rated)

  • WASEONG gained 7.0sen (+6.19%) to end at RM1.20 yesterday.
  • Chart-wise, the stock has broken above the 20-day SMA yesterday on the back of higher-than-average trading volume.
  • Besides, a bullish signal from its MACD indicator further supports the uptrend.
  • From here on, its key resistance levels can be found at RM1.47 (R1) and RM1.58 (R2).
  • Conversely, downside supports can be identified at RM1.03 (S1) and RM0.950 (S2).

Source: Kenanga Research - 19 Dec 2019

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Related Stocks

Chart Stock Name Last Change Volume 
WASEONG 0.565 0.00 (0.00%) 3,573,500 
COMFORT 3.63 -0.04 (1.09%) 64,694,600 

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