With most momentum and trend indicators on the FBM KLCI flashing hook downs amid weakening trend momentum signals following last week's choppy trading, there could be further easing in trading momentum as the market begins trading for the second quarter. Given investor reservation regarding the timeline for lowering trend on interest rates globally amid uncertainties over potential easing inflationary pressures, stocks are likely to extend sideways trade, pending more fresh market catalysts to breakout from current consolidation.
Stronger index supports cushioning downside will be at 1,526 and 1,503, the respective rising 50-day and 100-day moving averages, with better support seen at 1,480. Immediate resistance remains at the recent 21- month high of 1,559, followed by 1,580, with stronger upside hurdle seen at the 1,600 level.
As for stocks picks this week, selected telco, banking and gaming blue-chips such as Axiata, CelcomDigi, AM Bank, CIMB, Maybank, RHB Bank, Genting Berhad and Genting Malaysia should attract renewed investor participation given their resilient medium-term uptrend pictures.
Source: TA Research - 1 Apr 2024
Chart | Stock Name | Last | Change | Volume |
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2024-12-09
AXIATA2024-12-09
CAPITALA2024-12-09
CDB2024-12-09
CDB2024-12-09
CIMB2024-12-09
CYPARK2024-12-09
CYPARK2024-12-09
CYPARK2024-12-09
GENM2024-12-09
GENM2024-12-09
GENTING2024-12-09
GENTING2024-12-09
MAYBANK2024-12-09
RHBBANK2024-12-09
RHBBANK2024-12-08
AXIATA2024-12-08
POHUAT2024-12-07
AMBANK2024-12-07
MUDAJYA2024-12-06
AIRPORT2024-12-06
AMBANK2024-12-06
AMBANK2024-12-06
AMBANK2024-12-06
AMBANK2024-12-06
AMBANK2024-12-06
AMBANK2024-12-06
AMBANK2024-12-06
AXIATA2024-12-06
CDB2024-12-06
CDB2024-12-06
CYPARK2024-12-06
GAMUDA2024-12-06
GAMUDA2024-12-06
GAMUDA2024-12-06
GAMUDA2024-12-06
GAMUDA2024-12-06
GAMUDA2024-12-06
GAMUDA2024-12-06
GENM2024-12-06
GENM2024-12-06
GENTING2024-12-06
GENTING2024-12-06
GENTING2024-12-06
MAYBANK2024-12-06
MAYBANK2024-12-06
MAYBANK2024-12-06
RHBBANK2024-12-06
YINSON2024-12-05
AMBANK2024-12-05
AMBANK2024-12-05
AMBANK2024-12-05
AMBANK2024-12-05
AMBANK2024-12-05
CAPITALA2024-12-05
CAPITALA2024-12-05
CIMB2024-12-05
CIMB2024-12-05
CIMB2024-12-05
CIMB2024-12-05
CIMB2024-12-05
GAMUDA2024-12-05
GAMUDA2024-12-05
GAMUDA2024-12-05
GAMUDA2024-12-05
GAMUDA2024-12-05
GAMUDA2024-12-05
GENM2024-12-05
GENTING2024-12-05
MAYBANK2024-12-05
MAYBANK2024-12-05
MAYBANK2024-12-05
RHBBANK2024-12-05
YINSON2024-12-05
YINSON2024-12-04
AMBANK2024-12-04
AMBANK2024-12-04
AMBANK2024-12-04
AMBANK2024-12-04
CAPITALA2024-12-04
CDB2024-12-04
CDB2024-12-04
CDB2024-12-04
CIMB2024-12-04
CIMB2024-12-04
CIMB2024-12-04
CIMB2024-12-04
CYPARK2024-12-04
GAMUDA2024-12-04
GAMUDA2024-12-04
GAMUDA2024-12-04
GAMUDA2024-12-04
MAYBANK2024-12-04
MAYBANK2024-12-04
MKH2024-12-04
RHBBANK2024-12-04
YINSON2024-12-03
AMBANK2024-12-03
AMBANK2024-12-03
AMBANK2024-12-03
CDB2024-12-03
CIMB2024-12-03
CIMB2024-12-03
CIMB2024-12-03
CIMB2024-12-03
CIMB2024-12-03
CIMB2024-12-03
GAMUDA2024-12-03
GAMUDA2024-12-03
GAMUDA2024-12-03
GAMUDA2024-12-03
GAMUDA2024-12-03
GENM2024-12-03
GENM2024-12-03
GENTING2024-12-03
JSB2024-12-03
LYC2024-12-03
MAYBANK2024-12-03
MAYBANK2024-12-03
MAYBANK2024-12-03
RHBBANK2024-12-03
RHBBANK2024-12-03
RHBBANK2024-12-03
YINSON2024-12-03
YINSON2024-12-03
YINSON2024-12-03
YINSON2024-12-03
YINSON2024-12-03
YINSON2024-12-02
AMBANK2024-12-02
AMBANK2024-12-02
AMBANK2024-12-02
AMBANK2024-12-02
CDB2024-12-02
CDB2024-12-02
CDB2024-12-02
CIMB2024-12-02
CIMB2024-12-02
CIMB2024-12-02
CIMB2024-12-02
CIMB2024-12-02
CIMB2024-12-02
CIMB2024-12-02
CIMB2024-12-02
CIMB2024-12-02
CIMB2024-12-02
GAMUDA2024-12-02
GAMUDA2024-12-02
GAMUDA2024-12-02
MAYBANK2024-12-02
MAYBANK2024-12-02
MAYBANK2024-12-02
MAYBANK2024-12-02
RHBBANK2024-12-02
RHBBANK2024-12-02
RHBBANK2024-12-02
RHBBANK2024-12-02
RHBBANK2024-12-02
RHBBANK2024-12-02
RHBBANK2024-12-02
RHBBANK2024-12-02
RHBBANK2024-12-02
YINSON2024-12-02
YINSON2024-12-02
YINSON2024-12-02
YINSON2024-12-02
YINSON2024-12-02
YINSON2024-12-01
RHBBANK2024-11-29
AIRPORT2024-11-29
AMBANK2024-11-29
AMBANK2024-11-29
AXIATA2024-11-29
AXIATA2024-11-29
AXIATA2024-11-29
AXIATA2024-11-29
AXIATA2024-11-29
AXIATA2024-11-29
AXIATA2024-11-29
AXIATA2024-11-29
AXIATA2024-11-29
CAPITALA2024-11-29
CAPITALA2024-11-29
CAPITALA2024-11-29
CAPITALA2024-11-29
CAPITALA2024-11-29
CAPITALA2024-11-29
CAPITALA2024-11-29
CAPITALA2024-11-29
CDB2024-11-29
CDB2024-11-29
CDB2024-11-29
CDB2024-11-29
CDB2024-11-29
CDB2024-11-29
CIMB2024-11-29
CIMB2024-11-29
CIMB2024-11-29
CIMB2024-11-29
CIMB2024-11-29
CIMB2024-11-29
CIMB2024-11-29
GAMUDA2024-11-29
GAMUDA2024-11-29
GAMUDA2024-11-29
GAMUDA2024-11-29
GAMUDA2024-11-29
GENM2024-11-29
GENM2024-11-29
GENM2024-11-29
GENM2024-11-29
GENM2024-11-29
GENM2024-11-29
GENM2024-11-29
GENM2024-11-29
GENTING2024-11-29
GENTING2024-11-29
GENTING2024-11-29
GENTING2024-11-29
GENTING2024-11-29
GENTING2024-11-29
GENTING2024-11-29
MAYBANK2024-11-29
MAYBANK2024-11-29
MAYBANK2024-11-29
MKH2024-11-29
RHBBANK2024-11-29
YINSON2024-11-29
YINSON2024-11-29
YINSON2024-11-29
YINSON2024-11-28
AMBANK2024-11-28
AMBANK2024-11-28
AMBANK2024-11-28
AMBANK2024-11-28
AMBANK2024-11-28
AMBANK2024-11-28
AXIATA2024-11-28
CIMB2024-11-28
CIMB2024-11-28
CIMB2024-11-28
CIMB2024-11-28
GAMUDA2024-11-28
GAMUDA2024-11-28
GAMUDA2024-11-28
GENTING2024-11-28
GENTING2024-11-28
GENTING2024-11-28
GENTING2024-11-28
MAYBANK2024-11-28
MAYBANK2024-11-28
MAYBANK2024-11-28
MAYBANK2024-11-28
MAYBANK2024-11-28
MAYBANK2024-11-28
MAYBANK2024-11-28
MKH2024-11-28
RHBBANK2024-11-28
YINSON2024-11-28
YINSON2024-11-28
YINSON2024-11-27
AIRPORT2024-11-27
AIRPORT2024-11-27
AIRPORT2024-11-27
AMBANK2024-11-27
AMBANK2024-11-27
AMBANK2024-11-27
CIMB2024-11-27
CIMB2024-11-27
CIMB2024-11-27
CIMB2024-11-27
CIMB2024-11-27
GAMUDA2024-11-27
GAMUDA2024-11-27
GAMUDA2024-11-27
GAMUDA2024-11-27
GAMUDA2024-11-27
MAYBANK2024-11-27
MAYBANK2024-11-27
MAYBANK2024-11-27
MAYBANK2024-11-27
MAYBANK2024-11-27
MAYBANK2024-11-27
RHBBANK2024-11-27
YINSON2024-11-27
YINSON2024-11-26
AMBANK2024-11-26
AMBANK2024-11-26
CIMB2024-11-26
CIMB2024-11-26
CIMB2024-11-26
CIMB2024-11-26
GAMUDA2024-11-26
GAMUDA2024-11-26
MAYBANK2024-11-26
MAYBANK2024-11-26
MAYBANK2024-11-26
MAYBANK2024-11-26
MAYBANK2024-11-26
MUDAJYA2024-11-26
RHBBANK2024-11-26
YINSONCreated by sectoranalyst | Dec 09, 2024
Created by sectoranalyst | Dec 09, 2024
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Created by sectoranalyst | Dec 04, 2024