Highlights

Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Fri, 27 Nov 2020, 11:02 AM

 

Daily Technical Highlights – (ROHAS, ADVENTA)

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ROHAS (Not Rated)

  • ROHAS gained 3.5 sen (+9.09%) to end at RM 0.420 yesterday.
  • Chart-wise, the stock has broken above 50-days SMA yesterday, backed by higher-than-average trading volume.
  • Coupled with bullish signal from MACD and uptick in momentum indicator, we believe the stock could move higher.
  • On the way up, resistance levels are identified at RM0.490 (R1) and RM0.550 (R2).
  • Conversely, supports can be found at RM0.340 (S1) and RM0.280 (S2).

ADVENTA (Not Rated)

  • ADVENTA rose 6.5 sen (+10.08%) to close at RM0.710 yesterday.
  • Chart-wise, the stock has gapped up and crossed above all the key SMAs yesterday, supported by higher-than-average trading volume.
  • Coupled with bullish signal from MACD indicator, we believe the stock could move higher.
  • From here on, overhead resistance can be seen at RM0.780 (R1) and RM0.900 (R2).
  • Conversely, downside supports can be identified at RM0.590 (S1) and RM0.520 (S2).

Source: Kenanga Research - 24 Apr 2020

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Labels: ADVENTA, ROHAS

Related Stocks

Chart Stock Name Last Change Volume 
ADVENTA 1.96 -0.06 (2.97%) 1,064,700 
ROHAS 0.335 +0.01 (3.08%) 590,200 

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