Kenanga Research & Investment

Daily Technical Highlights – (HEIM, CARLSBG)

kiasutrader
Publish date: Tue, 06 Feb 2018, 09:50 AM

HEIM (Not Rated)

  • HEIM gained 48.0 sen (2.51%) to end at RM19.60 despite a fall in the global markets.
  • Yesterday’s move signals a potential breakout from the RM19.50 psychological resistance level as it was supported by an uptick in the MACD indicator and slightly higher than average trading volume.
  • From here, expect follow through buying that will lead the share towards RM20.18 (R1) with further advancement towards RM20.60 (R2).
  • Any weakness is likely limited to RM18.82 (S1) where it serves as a good entry point for buying.

CARLSBG (Not Rated)

  • CARLSBG climbed 18.0sen (1.11%) to close at RM16.42.
  • Yesterday’s move follows through from Friday's breakout at the RM16.00 psychological resistance level, and was supported by a second straight increase in trading volume.
  • Share price continues to lead the SMA upwards while momentum indicators are in positive states.
  • Anticipate a climb towards RM16.70 (R1) and RM17.12 (R2). Firm downside support can be found at the resistance-turnedsupport level of RM16.00 (S1).

Source: Kenanga Research - 6 Feb 2018

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