Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Wed, 25 Nov 2020, 10:23 AM


Daily technical highlights – (KRETAM, ATAIMS)

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KRETAM (Not Rated)

  • KRETAM rose 3.5 sen (+9.72%) to close at RM0.395 yesterday.
  • Chart-wise, yesterday’s bullish “Marubozu” candlestick closed higher on the back of stronger-than-average trading volumes, which prompted the stock to trend above all of its key SMAs.
  • Coupled with upticks from its key momentum indicators, the stock may be poised for more upside.
  • Should the bullish momentum persist, overhead resistance can be seen at RM0.440 (R1) and RM0.475 (R2).
  • Conversely, key support levels are identified at RM0.355 (S1) and RM0.320(S2).

ATAIMS (Not Rated)

  • ATAIMS gained 8.0 sen (+6.56%) to end at RM1.30 yesterday.
  • Chart-wise, the stock began rallying in early June, which sees the stock currently trending steadily above all of its key SMAs.
  • Given the bullish MACD signal and continual upticks from its key momentum indicators, we believe the bullish momentum may persist.
  • From here on, key resistance levels can be found at RM1.50 (R1) and RM1.70 (R2).
  • Conversely, supports are identified at RM1.15 (S1) and RM0.925 (S2).

Source: Kenanga Research - 24 Jun 2020

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Related Stocks

Chart Stock Name Last Change Volume 
ATAIMS 2.12 -0.12 (5.36%) 4,375,500 
KRETAM 0.57 0.00 (0.00%) 797,000 

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