Bursa Malaysia Quick technical analysis February 2020

This is a quick technical analysis of stocks listed on the Bursa Malaysia listing the relevant possible support and resistance areas. These analyses are based on monthly, weekly and daily time frame charts, taking into consideration relevant historical structural support and resistance areas, the 50- and 200- period moving averages, and predominantly chart pattern analysis.

The analysis does not take into account the stocks momentum, and makes no indication as to the likely time frame of the stocks movement thus shorter term traders trying to perfectly time the market and profit from short term price movements – especially those utilising leveraging services – must do their own due diligence in this respect.

Every trader and investor should know that technical analysis only provides possible approximations and not pin point exactness, hence should consider the following information in such light.

*Highlighted indicate likely stronger support and resistance areas

TickerSupportResistance/TP
Atrium (5130)1.025/1.0351.07, 1.15/1.17
Binacom (0195)0.5, 0.435, 0.4, 0.330.65
Ekovest (8877)0.6, 0.43, 0.41 0.74, 0.95
Kpower (7130)1.72, 1.37, 1.12
OCK (0172)0.56, 0.410.635, 0.67, 0.86, 0.93, 0.98
Opcom (0035)0.62, 0.430.815, 0.84, 1, 1.12
Rohas (9741)0.510.67, 0.77
Tecfast (0084)0.48, 0.42, 0.38 0.54, 0.57, 0.815
Vis (0120)0.66, 0.57, 0.47, 0.310.78/0.8, 0.99, 1.15

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