Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Tue, 25 Jun 2019, 10:52 AM


Daily Technical Highlights – (HARTA, TOPGLOV)

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HARTA (Not Rated)

  • HARTA gained 10.0 sen (+1.96%) to close at RM5.20.
  • Chart-wise, the share has been on a gradual uptrend lately after experiencing sell down that started since mid of 2018.
  • More notably, HARTA is now above all its key SMAs while other key technical indicators are looking bullish.
  • From here, we expect the share to test its next resistance level of RM5.50 (R1) en route to RM5.80 (R2).
  • Any retracements towards RM5.00 (S1) would be a good entry point for interested investors while a break below RM4.60 (S2) will be deemed highly negative.

TOPGLOV (Not Rated)

  • TOPGLOV went up 11.0 sen (+2.23%) to end at RM5.05.
  • The share appears to have rebounded from its previous downtrend.
  • With all key indicators appearing to be bullish, we believe that the share is likely to stage more upward movement.
  • Should there are follow-through buying activities, the stock may swing higher to RM5.20 (R1) and even RM5.50 (R2).
  • Conversely, downside supports are identified at RM4.85 (S1) and RM4.30 (S2).

Source: Kenanga Research - 23 May 2019

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Related Stocks

Chart Stock Name Last Change Volume 
HARTA 5.21 -0.03 (0.57%) 2,317,200 
TOPGLOV 4.96 -0.02 (0.40%) 1,973,200 

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