M+ Online Research Articles
M+ Online Technical Focus - 27 Dec 2019
MalaccaSecurities
Publish date: Fri, 27 Dec 2019, 11:15 AM
MalaccaSecurities
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An official blog in I3investor to publish research reports provided by Malacca Securities research team.
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All materials published here are prepared by Malacca Securities. For latest offers on Malacca Securities trading products and news, please refer to: https://www.mplusonline.com.my
Malacca Securities Sdn Bhd
Hotline: 1300 22 1233 / 06-336 5178 (office hours: 8.30am - 5.30pm)
Tel : +606 - 337 1533 (General)
Fax : +606 - 337 1577
Email: support@mplusonline.com.my
The FBM KLCI staged a mild pullback as the key index was supported above the EMA120 level to close at around the 1,603.55 level yesterday. The MACD Histogram has extended another red bar, while the RSI is overbought. Resistances will be pegged around the 1,620-1,630 levels. Support will be set around the 1,590 level.
JOHOTIN has formed a bullish candle to rebound off the EMA20 level on improved volumes. The MACD Histogram has turned green, while RSI remains above 50. Price may trend higher, targeting the RM1.89- RM1.95 levels. Support will be located around the RM1.69 level.
LIIHEN has rebounded to re-test the EMA20 level on rising volumes. The MACD Histogram has turned green, while the RSI has recovered from oversold. Monitor for a consolidation breakout above RM3.16, targeting the RM3.29-RM3.35 levels. Support will be located around the RM3.06 level.
KNM has rebounded to re-test the EMA20 level with mild volumes. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Monitor for a trendline breakout above RM0.36 level, targeting the RM0.395-RM0.42 levels. Support will be located around the RM0.33 level.
Source: Mplus Research - 27 Dec 2019
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