Highlights

Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Fri, 10 Jul 2020, 9:38 AM

 

Daily Technical Highlights – (JHM, VITROX)

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JHM (Not Rated)

  • JHM lost 5.5 sen (-7.19%) to close at RM0.710 yesterday.
  • Chart-wise, the stock has been on a downtrend since this year January.
  • Yesterday’s candlestick continued to close below all key SMAs, indicating strong selling pressure. Coupled with lacklustre momentum, we thus expect the share to decline.
  • With that, key support levels can be seen at RM0.60 (S1) and RM0.40 (S2).
  • Conversely, key resistance levels are seen at RM1.00 (R1) and RM1.20 (R2).

VITROX (Not Rated)

  • VITROX gained 51.0 sen (+7.33%) to end at RM7.47 yesterday.
  • Chart-wise, the stock has been on a downtrend since this year January.
  • Yesterday’s bullish pin bar indicated strong buying force. We believe the stock is staging a rebound backed by an uptick in RSI and a potential MACD Crossover.
  • Key resistance levels can be found at RM8.20 (R1) and RM9.60 (R2).
  • Conversely, downside supports can be identified at RM6.80 (S1) and RM5.20 (S2).

Source: Kenanga Research - 18 Mar 2020

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Labels: JHM, VITROX

Related Stocks

Chart Stock Name Last Change Volume 
JHM 1.65 -0.06 (3.51%) 11,559,700 
VITROX 9.90 -0.32 (3.13%) 323,000 

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