Highlights

Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Tue, 13 Oct 2020, 9:56 AM

 

Technical View - Malaysia Steel Works (KL) Bhd (MASTEEL, 5098)

Author:   |    Publish date:


Malaysia Steel Works (KL) Bhd (5098)

• MASTEEL closed 6.0% or 2.5 sen higher to RM0.44 on Tuesday.
• The stock has been actively traded recently supported by higher-than-average trading volume, signalling strong buying momentum. With share price trading above key moving averages, we expect share price to rise higher and potentially to RM0.50 level.
• As such, resistance levels are expected at RM0.470 (R1) and further to RM0.500 (R2).
• Conversely, downside support levels can be identified at RM0.40 (S1) and RM0.345 (S2)

Source: Rakuten Research - 2 Jan 2020

Share this
Labels: MASTEEL

Related Stocks

Chart Stock Name Last Change Volume 
MASTEEL 0.295 +0.01 (3.51%) 693,900 

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View Trading Signals and run Live Backtest
MQ Affiliate
Earn rewards with MQ Affiliate Program
 
 

299  416  585  1131 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 LAMBO 0.0350.00 
 LUSTER 0.255+0.03 
 MAHSING 1.36+0.12 
 KTB 0.175+0.06 
 XOX 0.1250.00 
 LUSTER-WA 0.155+0.025 
 MLAB 0.0350.00 
 AT 0.095-0.005 
 PHB 0.03+0.01 
 SALCON-WB 0.145+0.015 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!

TOP ARTICLES

1. DON'T FORGET TO WATCH THIS EXPLOSYF COUNTER CLOSELY !!! Bursa Master
2. IT'S A TIME FOR THIS GLOVES GOING TO SKYROCKET!!! Follow Kim's Stockwatch!
3. A ZOOM Meeting With My Uncle (Retired Fund Manager) Learn from my Uncle (Retired Fund Manager)
4. PublicInvest Research Daily - 19 October 2020 PublicInvest Research
5. LET'S GET ROLLING THIS GLOVES TO NEXT LEVEL!!! Follow Kim's Stockwatch!
6. SUPERMAX - BEYOND GLOVES !!! freetospeak
7. Covid 19 cases in Malaysia - Koon Yew Yin Koon Yew Yin's Blog
8. LUSTER - IS IT ANOTHER GLOVE TITAN? HIDDEN WINNER(S) OF PHARMACEUTICAL DEMAND PENT UP
PARTNERS & BROKERS