Highlights

Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Fri, 20 Sep 2019, 11:31 AM

 

Daily Technical Highlights – (PECCA, NAIM)

Author:   |    Publish date:


PECCA (Not Rated)

  • PECCA gained 8.0 sen (+6.84%) to close at RM1.25 yesterday.
  • We noticed the share has been consolidating close to its 20- and 50-day SMAs. Yesterday’s candlestick marked a gap up and a break above its previous swing high (RM1.24).
  • With shorter-term key SMAs trending above longer-term SMAs, we believe the uptrend is intact and with PECCA having broken above its previous swing high, we believe momentum could continue.
  • Key resistance levels to look at are RM1.37 (R1) and RM1.45 (R2). Conversely, support levels can be identified at RM1.11 (S1) and RM1.03 (S2).

NAIM (Not Rated)

  • NAIM gained 3.0 sen (+2.83%) to end at RM1.09 yesterday.
  • Chart-wise, the share has broken above its 100-day SMA last Friday and is consolidating at a Fibonacci level.
  • Meaningful upticks from key momentum indicators like RSI and stochastic lead us to believe that the share could be poised to head higher.
  • Resistance levels can be identified at RM1.21 (R1) and RM1.44 (R2), while support levels can be found at RM1.06 (S1) and RM0.940 (S2).

Source: Kenanga Research - 22 Aug 2019

Share this
Labels: PECCA, NAIM

Related Stocks

Chart Stock Name Last Change Volume 
PECCA 1.10 -0.01 (0.90%) 49,200 
NAIM 0.955 -0.005 (0.52%) 8,214,300 

  Be the first to like this.
 


 

404  268  551  764 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ARMADA 0.33-0.015 
 SAPNRG 0.290.00 
 MNC-PA 0.0350.00 
 PWORTH 0.055+0.01 
 YTLPOWR 0.735+0.005 
 KNM 0.41-0.005 
 VSOLAR 0.09+0.005 
 ECOWLD 0.665+0.02 
 GPACKET-WB 0.270.00 
 VELESTO 0.315+0.01 
Partners & Brokers