*Maybank Investment Bank* Technical Research _Traders’ Almanac_ 20211110 Technical Trading Ideas – Technical Rebound on the Cards
Trading Ideas💡for today:
1️⃣ *HPMT HOLDINGS (MYR0.660)*
*_REENTRY (NEW TARGET)_* _Shariah_
STOP-LOSS: _Below MYR0.610_
RESISTANCE: _R1: MYR0.700, R2: MYR0.760_
2️⃣ *KOBAY TECHNOLOGY (MYR5.65)*
*_ACCUMULATE (TECHNICAL)_* _Shariah_
STOP-LOSS: _Below MYR5.25_
RESISTANCE: _R1: MYR6.01, R2: MYR6.55_
3️⃣ *MALAYSIA SMELTING CORPORATION (MYR2.87)*
*_REENTRY (NEW TARGET)_*
STOP-LOSS: _Below MYR2.61_
RESISTANCE: _R1: MYR3.07, R2: MYR3.30_
4️⃣ *SEE HUP CONSOLIDATED (MYR1.24)*
*_ACCUMULATE (TECHNICAL)_* _Shariah_
STOP-LOSS: _Below MYR1.11_
RESISTANCE: _RR1: MYR1.33, R2: MYR1.50_
5️⃣ *SERN KOU RESOURCES (MYR0.640)*
*_ACCUMULATE (TECHNICAL)_* _Shariah_
STOP-LOSS: _Below MYR0.585_
RESISTANCE: _R1: MYR0.685, R2: MYR0.755_
🟨 *CRUDE PALM OIL (MYR4,792)*
*_“Hammer” off the 50-day EMA line_*
SUPPORT: _S1: MYR4,750, S2: MYR4,600_
RESISTANCE: _R1: MYR4,920, R2: MYR5,220_
🟨 *KLCI INDEX FUTURES (1,523.50)*
*_Mild bullish divergence spotted_*
SUPPORT: _S1: 1,512.50, S2: 1,505.00_
RESISTANCE: _R1: 1,545.50, R2: 1,555.00_
https://mkefactsettd.maybank-ke.com/PDFS/240623.pdf