Highlights

Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Fri, 19 Jul 2019, 9:58 AM

 

Daily Technical Highlights – (YNHPROP, ANNJOO)

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YNHPROP (Not Rated)

  • Yesterday, YNHPROP gained 12.0 sen (+7.06%) to close at RM1.82.
  • After a period of consolidation, the share begun its rally in April 2019. Notably, yesterday’s move saw the formation of a long bullish candlestick accompanied by above-average trading volume, signifying continued buying interest.
  • Key SMAs indicate that the overall uptrend still remains intact, which led us to believe that there could be further room for upside.
  • Should the buying momentum persist, expect to see the share move to its resistance levels of RM1.97 (R1) and RM2.19 (R2).
  • Conversely, support levels can be identified at RM1.62 (S1) and RM1.51 (S2).

ANNJOO (Not Rated)

  • ANNJOO slid 7.0 sen (-4.46%) to close RM1.50 yesterday.
  • Chart-wise, the share seems to be undergoing a period of retracement since April 2019, which saw it trading below most of its Key SMAs. Furthermore, yesterday’s close saw the share close below its 100-day SMA, which may be suggesting further downwards selling pressure.
  • Expect the share to find supports at RM1.28 (S1) and RM1.16 (S2).
  • Conversely, resistance levels are identified at RM1.59 (R1) and RM1.74 (R2).

Source: Kenanga Research - 14 May 2019

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Labels: YNHPROP, ANNJOO

Related Stocks

Chart Stock Name Last Change Volume 
YNHPROP 2.70 0.00 (0.00%)
ANNJOO 1.57 +0.01 (0.64%) 3,500 

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