Highlights

Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Tue, 14 Jul 2020, 10:01 AM

 

Daily technical highlights – (DUFU, YINSON)

Author:   |    Publish date:


DUFU (Not Rated)

  • DUFU gained 21.0 sen to close at RM3.29 yesterday.
  • Chart-wise, the stock has rebounded and broken above the 20-days SMA line, backed by higher-than-average trading volume.
  • Coupled with bullish crossover signal from MACD indicator, we believe the stock could trade higher.
  • From here on, overhead resistance can be seen at RM3.80 (R1) and RM4.20 (R2).
  • Conversely, downside supports can be identified at RM2.80 (S1) and RM2.50 (S2).

YINSON (Not Rated)

  • Yinson lost 1.0sen (-0.21%) to close at RM4.77 yesterday.
  • Chart-wise, the stock has broken below the “Flag” continuation pattern, accompanied with higher-than-average trading volume.
  • Coupled with bearish signal from MACD indicator, we believe the stock could move lower.
  • Should selling momentum persist, support levels are at RM4.50 (S1) and RM4.00 (S2).
  • Conversely, resistance levels can be identified at RM5.50 (R1) and RM6.00 (R2).

Source: Kenanga Research - 1 Apr 2020

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Labels: DUFU, YINSON

Related Stocks

Chart Stock Name Last Change Volume 
DUFU 6.21 -0.18 (2.82%) 1,407,000 
YINSON 6.01 +0.01 (0.17%) 1,527,500 

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