Highlights

Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Fri, 3 Apr 2020, 11:03 AM

 

Daily Technical Highlights – (SCGM,GDB)

Author:   |    Publish date:


SCGM (Not Rated)

  • SCGM rose 10.0 sen (+6.62%) to close at RM1.61 yesterday.
  • Chart-wise, the stock has experienced a decline early-February this year and found support at its 100-Day SMA before resuming its uptrend.
  • Yesterday bullish “Marubozu” candlestick broke through the 50-Day SMA, indicating strong buying interest. Given the uptick in key technical indicators and bullish MACD cross over, we expect the uptrend to persist.
  • Should the buying momentum persist, key resistance levels are seen at RM1.70 (R1) and RM1.80 (R2).
  • Conversely, key support levels can be seen at RM1.50 (S1) and RM1.40 (S2).

GDB (Not Rated)

  • GDB was up by 6.5 sen (+9.70%) to finish at RM0.735 yesterday.
  • Chart-wise, the stock has been trending upwards since last year September, backed by strong buying momentum.
  • Yesterday candlestick continues to close higher with the formation of a “Marubozu” candlestick, signifying strong buying interest. Given that all key SMAs appear to be healthy, we believe the buying momentum would persist.
  • From here on, resistance can be identified at RM0.785 (R1) and RM0.820 (R2).
  • Conversely, its support levels can be identified at RM0.700 (S1) and RM0.625 (S2).

Source: Kenanga Research - 18 Feb 2020

Share this
Labels: SCGM, GDB

Related Stocks

Chart Stock Name Last Change Volume 
SCGM 1.24 -0.04 (3.12%) 1,526,300 
GDB 0.50 -0.015 (2.91%) 1,842,500 

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Stock Screener using Technical and Fundamental criteria
MQ Affiliate
Join the MQ Affiliate Program today to earn rewards
 
 

240  465  424  792 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SAPNRG 0.095+0.005 
 HIBISCS 0.45+0.02 
 VELESTO 0.16-0.005 
 ARMADA 0.1650.00 
 ALAM 0.0750.00 
 PERDANA 0.17-0.005 
 KNM 0.145+0.005 
 DAYANG 1.34-0.01 
 SERBADK-WA 0.250.00 
 MINETEC 0.17+0.015 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program

TOP ARTICLES

1. Dayang: Investment Banks buying aggressively - Koon Yew Yin Koon Yew Yin's Blog
2. Oil & Gas - Trump bump likely to be temporary AmInvest Research Reports
3. Oil & Gas - Challenging Volatile Times Kenanga Research & Investment
4. Stocks on Radar - Genting Bhd (3182) AmInvest Research Reports
5. Daily Technical Highlights – (JAKS, CARIMIN) Kenanga Research & Investment
6. 送很多人免费套房的公司 – SPRNRG(5218) VITA Analysis
7. M+ Online Technical Focus - 3 April 2020 M+ Online Research Articles
8. PublicInvest Research Headlines - 3 Apr 2020 PublicInvest Research
Partners & Brokers