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M+ Online Technical Focus - 6 Jan 2019
MalaccaSecurities
Publish date: Mon, 06 Jan 2020, 11:22 AM
MalaccaSecurities
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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 gapped up to extend its’ gains as the key index closed at around the 1,611.38 level last Friday. The MACD Line has expanded positively above the zero level, while the RSI remains above 50. Resistances will be pegged around the 1,620-1,635 levels. Support will be set around the 1,600 level.
UNISEM has advanced to re-test the EMA120 level on improved volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Monitor for a trendline breakout above RM2.32, targeting the RM2.51-RM2.66 levels. Support will be located around the RM2.13 level.
MHB has experienced a consolidation breakout above the RM0.88 level on rising volumes. The MACD Histogram has turned green, while the RSI is treading below the overbought level. Price targets are envisaged at the RM0.915-RM0.945 levels. Support will be located around the RM0.855 level.
GBGQRS has advanced to re-test the EMA60 level on mildly improved volumes. The MACD Histogram has extended another green bar, while the RSI has risen above 50. Monitor for a breakout above the RM1.23 level, targeting the RM1.33-RM1.37 levels. Support will be located around the RM1.17 level.
Source: Mplus Research - 6 Jan 2020
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