Highlights

Rakuten Trade Research Reports

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

 

Technical View- Public Packages Holdings Bhd

Author: rakutentrade   |  Publish date: Wed, 2 Dec 2020, 2:38 PM


Public Packages Holdings Bhd (8273)

• PPHB dropped 0.9% or 1 sen to RM1.10 yesterday.

• Technically speaking, share price is displaying strong buying momentum and saw bullish breakout on the back of higher trading volume. Recent surge has seen it currently attempting to re-test previous high and remains in upward trend.

• From here, resistance levels are identified at RM1.20 (R1) and RM1.40 (R2) level.

• Conversely, support levels are set at RM0.99 (S1) and RM0.86 (S2).

Source: Rakuten Research - 2 Dec 2020

Labels: PPHB
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Technical View- Kanger International Bhd

Author: rakutentrade   |  Publish date: Tue, 1 Dec 2020, 11:53 AM


Kanger International Bhd (0170)

• KANGER dropped 2.7% or 0.5 sen to RM0.18 yesterday.

• Chart-wise, share price has been in consolidation mode for some time with trading volume improving of late showing signs of stealth buying pattern. News of the company signing collaboration agreement Sinopharm to distribute Covid-19 vaccine and has received support from Ministry of Science, Technology and Innovation is likely to spur buying interest as one of the potential vaccine-play stocks.

• From here, resistance levels are expected at RM0.195 (R1) and RM0.230 (R2) level.

• On the downside, support levels are set at RM0.160 (S1) and RM0.120 (S2).

Source: Rakuten Research - 1 Dec 2020

Labels: KANGER
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Tehnical View- TCS Group Holdings Bhd

Author: rakutentrade   |  Publish date: Fri, 27 Nov 2020, 8:54 AM


TCS Group Holdings Bhd (0221)

• TCS jumped 9.1% or 4 sen to RM0.475 yesterday.

• Yesterday’s active trading volume saw a bullish breakout from key resistances level indicating strong buying interest. Chart-wise, it has broken out of its consolidation and is poised for a bullish uptrend with key positive indicators signalling bullish momentum which is likely to see it head towards the RM0.60 level.

• As such, resistance levels are found at RM0.52 (R1) and RM0.60 (R2) level.

• On the downside, support levels are identified at RM0.42 (S1) and RM0.37 (S2).

Source: Rakuten Research - 27 Nov 2020

Labels: TCS
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Technical Review- Sino Hua-an International Bhd

Author: rakutentrade   |  Publish date: Wed, 25 Nov 2020, 8:49 AM


Sino Hua-an International Bhd (2739)

• HUAAN closed at RM0.105 yesterday.

• Chart wise, share price is currently in consolidation mode and trading above key moving average line which is showing of a potential breakout. Furthermore, recent slew of announcements is seeing their restructuring gaining traction with the disposal of its legacy loss making coke business and the venture into energy storage, technology related business is set to revive the company’s fortune as the proposed acquisitions comes with profit guarantee. Hence, it is likely to see renewed interest in the stock where it could possibly retest its recent high of RM0.16.

• As such, resistance levels are expected at RM0.130 (R1) and RM0.160 (R2) level.

• On the downside, support levels are identified at RM0.09 (S1) and RM0.08 (S2).

Source: Rakuten Research - 25 Nov 2020

Labels: HUAAN
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Technical View- Hibiscus Petroleum Bhd

Author: rakutentrade   |  Publish date: Tue, 24 Nov 2020, 5:57 PM


Hibiscus Petroleum Bhd (5199)

• HIBISCS rose 7.3% or 4 sen to RM0.585 yesterday.

• Share price has been trading above all key moving average with rising momentum as seen in key technical indicator. Coupled with recovery in brent crude oil price hitting above key level of USD45 recently, we expect renewed interest and follow through buying on the stock.

• As such, resistance levels are identified at RM0.615 (R1) and RM0.645 (R2) level.

• On downside support, support levels are seen at RM0.54 (S1) and RM0.50 (S2)

Source: Rakuten Research - 24 Nov 2020

Labels: HIBISCS
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Tehnical View- Econpile Holdings Bhd

Author: rakutentrade   |  Publish date: Mon, 23 Nov 2020, 12:49 PM


Econpile Holdings Bhd (5253)

ECONBHD closed 2 sen or 4.44% higher to RM0.47 last Friday.

Recent share price revival saw it rise above the short term moving average lines on the back of improving volume. The upward movement on key momentum indicator also reinforces positive buying momentum seen on the stock, thus we expect share price to move higher.

Resistance levels are at RM0.51 (R1) and RM0.575 (R2) level.

Meanwhile, support levels are seen at RM0.43 (S1) and RM0.32 (S2).


 

Source: Rakuten Research - 23 Nov 2020

Labels: ECONBHD
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