Highlights

Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Thu, 12 Dec 2019, 9:34 AM

 

Daily Technical Highlights – (EKOVEST, ARMADA)

Author:   |    Publish date:


EKOVEST (Not Rated)

  • Yesterday, EKOVEST rose 3.5 sen (+4.49%) to end at RM0.815, on the back of stronger-than-average trading volumes.
  • We note that the share has been consolidating below its key SMAs since late-Oct. Until two days ago when it was noted that the appearance of white candlesticks have prompted the share to close slightly above its 100-day SMA, signalling budding buying interests.
  • Coupled with upticks from its key momentum indicators, we expect the share to trend higher to test resistances at RM0.900 (R1) and RM0.960 (R2) should it close decisively above its 100-day SMA. test resistances at RM1.98 (R1) and RM2.15 (R2).
  • Conversely, support levels can be found at RM0.725 (S1) and RM0.670 (S2).

ARMADA (Not Rated)

  • ARMADA gained 1.5 sen (+2.83%) to close at RM0.545 yesterday.
  • Chart-wise, the share has been on a rally since Sept’19, which sees it currently trading steadily above its key SMAs.
  • Coupled with a bullish MACD crossover, we believe that a continuation of the rally may be likely.
  • Resistance levels can be identified at RM0.670 (R1) and RM0.760 (R2).
  • On the other hand, downside supports can be identified at RM0.405 (S1) and RM0.285 (S2).

Source: Kenanga Research - 21 Nov 2019

Share this
Labels: EKOVEST, ARMADA

Related Stocks

Chart Stock Name Last Change Volume 
EKOVEST 0.815 +0.02 (2.52%) 29,549,200 
ARMADA 0.47 +0.005 (1.08%) 1,778,000 

  Be the first to like this.
 


 

213  127  406  1519 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ECOWLD 0.77+0.025 
 SAPNRG 0.260.00 
 EKOVEST 0.815+0.02 
 HSI-H8F 0.13-0.06 
 INSAS-WB 0.0050.00 
 ECOWLD-CV 0.025+0.01 
 SAPNRG-WA 0.1150.00 
 HSI-C7K 0.33+0.05 
 DYNACIA-PA 0.045+0.005 
 IWCITY 0.90+0.02 

FEATURED POSTS

1. Leveraged & Inverse ETF CMS
Partners & Brokers