Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Tue, 7 Apr 2020, 9:34 AM


Daily Technical Highlights – (JOHOTIN, YINSON)

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JOHOTIN (Not Rated)

  • JOHOTIN rose 5.0sen (+2.79%) to close at RM1.84 yesterday.
  • Chart-wise, the stock has been trending upwards since late-September last year.
  • Yesterday’s bullish candlestick continued to trend higher above all key-SMAs while backed by above-average trading volume. Coupled with a bullish MACD we expect the bullish momentum to persist.
  • Should the stock continue heading north, key resistance levels are seen at RM2.10 (R1) and RM2.25 (R2).
  • Conversely, key support levels can be seen at RM1.60 (S1) and RM1.45 (S2).

YINSON (Not Rated)

  • YINSON closed higher by 24.0 sen (+3.43%) to close at RM7.24 yesterday.
  • Chart-wise, the stock has been on an uptrend since this year February.
  • Yesterday bullish candlestick closed higher with the formation of a bullish pin bar. Coupled an uptick in key technical indicators, we expect the stock to trend higher.
  • From here on, resistance can be identified at RM7.50 (R1) and RM7.65 (R2).
  • Conversely, its support levels can be identified at RM7.10 (S1) and RM6.85 (S2).

Source: Kenanga Research - 21 Feb 2020

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Related Stocks

Chart Stock Name Last Change Volume 
JOHOTIN 1.37 +0.05 (3.79%) 1,251,800 
YINSON 5.09 +0.19 (3.88%) 2,555,900 

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