Highlights

Kenanga Research & Investment

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

 

Daily Technical Highlights – (HUAYANG, IWCITY)

Author:   |    Publish date:


HUAYANG (Not Rated)

• Yesterday, HUAYANG slipped 2.0 sen (-4.76%) to end at RM0.400.

• Notably, yesterday’s bearish candlestick was accompanied by stronger-than-average trading volume. Coupled with uninspiring momentum indicators, we believe that the rally that started in June is overdone and a possible retracement may follow.

• Expect the share to retrace towards its support levels at RM0.350 (S1) and RM0.300 (S2).

• Conversely, resistance levels can be identified at RM0.455 (S1) and RM0.500 (S2).

IWCITY (Not Rated)

• IWCITY rose 2.0 sen (+2.06%) to close at RM0.990 yesterday.

• Chart-wise, the share is rebounding from its previous sell down, which saw it trading above all of its key SMAs currently.

• Coupled with a bullish MACD crossover, we believe that there may still be room for upside.

• Should the positive momentum persist, it is expected that the share to see resistances at RM1.110 (R1) and RM1.200 (R2).

• Conversely, support levels can be identified at RM0.860 (S1) and RM0.715 (S2).

Source: Kenanga Research - 14 Jun 2019

Share this
Labels: HUAYANG, IWCITY

Related Stocks

Chart Stock Name Last Change Volume 
HUAYANG 0.45 +0.005 (1.12%) 476,400 
IWCITY 1.00 +0.005 (0.50%) 15,581,700 

  Be the first to like this.
 


 

462  223  565  641 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SAPNRG 0.31+0.01 
 SCOMI 0.10+0.01 
 SCOMI-WB 0.04+0.005 
 KNM 0.37+0.02 
 NETX 0.02+0.005 
 ARMADA 0.23+0.005 
 GPACKET 0.46+0.015 
 ISTONE 0.22+0.01 
 HSI-C5J 0.21+0.07 
 HSI-H6R 0.32-0.07 
Partners & Brokers