Highlights

Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Thu, 2 Apr 2020, 10:43 AM

 

Technical View - D&O Green Technologies Bhd (D&O, 7204)

Author: rakutentrade   |  Publish date: Thu, 2 Apr 2020, 10:43 AM


D&O Green Technologies Bhd (7204)

• D&O inched up 0.94% or 0.5 sen to RM0.535 yesterday.

• Share price has fallen over 40% from its 52-week high of RM0.925. Recent trading activities could suggest renewed interest supported by higher trading volume. As such, we expect the share price recovery to continue, potentially to rebound higher.

• From here, resistance levels are seen at RM0.62 (R1) and further to RM0.68 (R2)

• Conversely, support levels are identified at RM0.50 (S1) and RM0.43 (S2).

Source: Rakuten Research - 2 Apr 2020

Labels: D&O
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Technical View - SCGM Bhd (SCGM, 7247)

Author: rakutentrade   |  Publish date: Tue, 31 Mar 2020, 10:35 AM


SCGM Bhd (7247)

• SCGM surged 28.0% or 30 sen to RM1.37 yesterday.

• Share price broke its key 200-day simple moving average line on the back of the huge jump in trading volume, indicating strong buying momentum. MACD has also turned positive recently and share price is likely to move higher.

• From here, resistance levels are seen at RM1.46 (R1) and further to RM1.60 (R2)

• Conversely, support levels are identified at RM1.22 (S1) and RM1.11 (S2).

Source: Rakuten Research - 31 Mar 2020

Labels: SCGM
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Technical View - MMS Ventures Bhd (MMSV, 0113)

Author: rakutentrade   |  Publish date: Mon, 30 Mar 2020, 9:46 AM


MMS Ventures Bhd (0113)

• MMSV gained 2.4% or 1 sen to RM0.425 last Friday.

• Last Friday’s trading indicates a positive sign on renewed buying interest on the back of higher trading volume. Share price is currently oversold and we expect it to rebound towards the RM0.50 level.

• From here, resistance levels are seen at RM0.48 (R1) and further to RM0.55 (R2)

• Conversely, support levels are identified at RM0.40 (S1) and RM0.35 (S2).

Source: Rakuten Research - 30 Mar 2020

Labels: MMSV
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Technical View - Econpile Holdings Bhd (ECONBHD, 5253)

Author: rakutentrade   |  Publish date: Fri, 27 Mar 2020, 10:52 AM


Econpile Holdings Bhd (5253)

• ECONBHD was up 4.3% or 1.5 sen to RM0.37 yesterday.

• Falling from a 52-week high of RM0.88 to RM0.30 and has since rebounded to current level. Chart wise, it remains oversold and is likely to see some buying interest supporting its recovery.

• From here, resistance levels are seen at RM0.44 (R1) and further to RM0.52 (R2)

• Conversely, support levels are identified at RM0.30 (S1) and RM0.25 (S2).

Source: Rakuten Research - 27 Mar 2020

Labels: ECONBHD
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Technical View - MTAG Group Bhd (MTAG, 0213)

Author: rakutentrade   |  Publish date: Wed, 25 Mar 2020, 2:09 PM


MTAG Group Bhd (0213)

• MTAG closed 7.0% or 1.5 sen higher to RM0.23 yesterday.

• Share price has plunge 67% from its high of RM0.70 to current level. Share price have found strong support at RM0.20 level and recent trading activities may suggest a trend reversal. Should buying momentum continues, we expect it to rebound strongly to RM0.33 level.

• As such, resistance levels are expected at RM0.33 (R1) and further to RM0.39 (R2).

• On the contrary, support levels are identified at RM0.20 (S1) and RM0.15 (S2).

Source: Rakuten Research - 25 Mar 2020

Labels: MTAG
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Technical View - Notion Vtec Bhd (NOTION, 0083)

Author: rakutentrade   |  Publish date: Tue, 24 Mar 2020, 11:15 AM


Notion Vtec Bhd (0083)

• NOTION closed 14.2% or 8 sen lower to RM0.485 yesterday.

• Share price has fallen 65% from the high of RM1.38 to current level. Technical indicators are flashing heavily oversold signals and is likely due for a technical rebound on bargain hunting activities.

• From here, resistance levels are expected at RM0.60 (R1) and further to RM0.68 (R2).

• On the flipside, support levels are identified at RM0.41 (S1) and RM0.35 (S2).

Source: Rakuten Research - 24 Mar 2020

Labels: NOTION
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