Tuesday, November 24, 2020

Technical Analyzer

Focus Dynamics (0116)
Outlook: Breakout MYR0.73
Levels: MYR0.79, MYR0.88
Exit: MYR0.73
(time frame: 2-4 weeks)

Perdana Petroleum (7108)
Outlook: Breakout MYR0.15
Levels: MYR0.165, MYR0.185
Exit: MYR0.15
(time frame: 2-4 weeks)

Ahmad Zaki Resources (7078)
Outlook: Pending breakout MYR0.245
Levels: MYR0.26, MYR0.275
Exit: MYR0.235
(time frame: 2-4 weeks)

JAKS Resources (4723)
Outlook: Pending breakout MYR0.655
Levels: MYR0.70, MYR0.725
Exit: MYR0.62
(time frame: 2-4 weeks)

SKP Resources (7155) (RM2.03): Technical Buy
Targets: RM2.20, 2.30
Stop: RM1.85

Kelington Group (0151) (RM1.77): Technical Buy 
Targets: RM1.90, 2.00
Stop: RM1.53 

Stock Name: FOCUS (0116)
Entry: Buy around RM0.735
Target: RM0.79 (7.5%), RM0.845 (15.0%)
Stop: RM0.685 (-6.8%)
Shariah: No
Technical: Breakout-pullback-continuation

Stock Name: DELEUM (5132)
Entry: Buy above RM0.59
Target: RM0.655 (11.0%), RM0.685 (16.1%)
Stop: RM0.56 (-5.1%)
Shariah: Yes
Technical: Consolidation breakout

Malaysia Strategy - Fund flows – Recovery play list expanding 

Malaysia Strategy - Supermax to replace KLCCP in KLCI index?

Tune Protect Group Bhd - Long and bumpy road to recovery (Downgrade to Reduce with a lower TP of RM0.25)

CCK Consolidated Holdings - Expecting a weaker 4Q20 result (Maintain Add with a higher TP of RM0.80)

EITA Resources Bhd - An overlooked recovery play (Maintain Add with a lower TP of RM2.06)

Karex Berhad - On the comeback trail (Maintain Add with a higher TP of RM1.38)

Malaysian Resources Corp - 9MFY20 core losses due to weaker billings (Maintain Add with a lower TP of RM0.56)

Sunway REIT - CMCO clouding over sunny days (Maintain Hold with a lower TP of RM1.50)

GHL Systems Bhd - Near-term challenges persist (Maintain Reduce with a TP of RM1.40)

InNature Bhd - 3QFY20: Commendable qoq recovery (Maintain Add with a TP of RM0.628)