Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Wed, 2 Dec 2020, 2:38 PM


Technical View - Ho Wah Genting Bhd (HWGB, 9601)

Author:   |    Publish date:

Ho Wah Genting Bhd (9601)

• HWGB rose 9.09% or 5.5 sen to close at RM0.66.

• Share price has fallen from high of RM1.52 and have bottomed out at RM0.455. Yesterday’s price action saw renewed buying interest on the back of higher trading volume and saw a resistance breakout at RM0.66.

• Positive news on HWGB securing a licence to distribute pharmaceutical products in Indonesia should see follow through buying hence share price is likely to cross over to the RM0.70 level and beyond.

• Resistance levels are seen at RM0.79 (R1) and further to RM0.86 (R2) level.

• On the downside, support levels are seen at RM0.45 (S1) and RM0.42 (S2).

Source: Rakuten Research - 13 Oct 2020

Share this
Labels: HWGB

Related Stocks

Chart Stock Name Last Change Volume 
HWGB 0.845 +0.06 (7.64%) 164,664,700 

  Be the first to like this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Perform Technical & Fundamental Analysis on Stocks
MQ Affiliate
Earn rewards by referring your friends

793  394  531  415 

Top 10 Active Counters
 YONGTAI 0.295+0.125 
 SAPNRG 0.12+0.005 
 BINTAI 1.14+0.295 
 TOPBLDS 0.13+0.045 
 KANGER 0.175+0.005 
 ARMADA 0.355+0.035 
 KNM 0.21+0.005 
 TRIVE 0.0150.00 
 AT 0.185-0.01 
 AGES 0.145+0.02 


1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!