Kenanga Research & Investment

Daily technical highlights – (LCTITAN, MASTER)

kiasutrader
Publish date: Fri, 29 May 2020, 09:59 AM

LCTITAN (Not Rated)


LCTITAN rose 37.0 sen (+19.07%) to close at RM2.31 yesterday.
Chart-wise, the stock has broken above the significant resistant level at RM2.22 yesterday, backed by higher than-average trading volume.
Coupled bullish signal from MACD indicator, we believe the stock could move higher.
From here on, overhead resistance can be found at RM2.80 (R1) and RM3.00 (R2).
Conversely, downside supports can be identified at RM1.80 (S1) and RM1.50 (S2).
 

MASTER (Not Rated)


MASTER gained 39.0 sen (+23.64%) to close at RM2.04 yesterday
Chart-wise, the stock has broken above all the key SMAs yesterday, supported by higher-than-average trading volume.
Coupled with bullish signal from MACD, we believe the stock could trend higher.
Should the bullish momentum persist, resistance levels are identified at RM2.30 (R1) and RM2.70 (R2).
Conversely, support levels are identified at RM1.70 (S1) and RM1.40 (S2).
 

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