Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Wed, 15 Jul 2020, 9:30 AM


Daily Technical Highlights – (MASTER, NAIM)

Author:   |    Publish date:

MASTER (Not Rated)

  • MASTER gained 21.0 sen (+8.08%) to close at RM2.81 yesterday, backed by above-average trading volume.
  • Chart-wise, the stock has been on an uptrend since February last year.
  • Yesterday, the stock closed higher with the formation of a “Marubozu” candlestick, indicating strong buying interest. Given that all key-SMAs appear to be healthy, we expect the stock to trend higher.
  • From here on, overhead resistance can be seen at RM2.90 (R1) and RM3.10 (R2).
  • Conversely, downside supports can be identified at RM2.60 (S1) and RM2.30 (S2).

NAIM (Not Rated)

  • NAIM gained 16.0 sen (+14.04%) to close at RM1.30 yesterday.
  • Chart-wise, the stock has been gradually rising since end of May last year.
  • Yesterday’s “Marubozu” candlestick closed higher above its key resistance level at RM1.17. Despite the stock’s RSI trading near overbought levels, we believe the encouraging volume shall bring the stock to trend higher.
  • Should buying momentum persist, overhead resistance are at RM1.45 (R1) and RM1.60 (R2).
  • Conversely, support levels can be identified at RM1.12 (S1) and RM0.965 (S2).

Source: Kenanga Research - 23 Jan 2020

Share this

Related Stocks

Chart Stock Name Last Change Volume 
MASTER 1.82 +0.01 (0.55%) 431,700 
NAIM 0.98 0.00 (0.00%) 15,928,700 

  Be the first to like this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Stock Screener using Technical and Fundamental criteria
MQ Affiliate
Join the MQ Affiliate Program today to earn rewards

492  452  494  519 

Top 10 Active Counters
 PDZ 0.16-0.01 
 XOX 0.10+0.04 
 MQTECH 0.115+0.03 
 PERMAJU-PR 0.010.00 
 TRIVE 0.010.00 
 JCY 0.48+0.075 
 RL 0.515-0.135 
 AT 0.075-0.01 
 FINTEC 0.0850.00 
 CONNECT 0.20-0.035 


1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program
Partners & Brokers