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    Technical View 2.0 - 7 February 2023

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    Abdul Razak Noh
    The document provides a technical analysis of the top 30 active stocks on Bursa Malaysia. It lists each stock's previous closing price and projected support and resistance price levels. Key terms related to technical analysis like resistance, support, and pivot point are also defined. The analysis is published by Rakuten Trade Research Team to help investors understand market sentiment and make their own risk assessments when trading stocks.

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    © All Rights Reserved
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    Technical View 2.0 - 7 February 2023

    Uploaded by

    Abdul Razak Noh
    30 views2 pages
    The document provides a technical analysis of the top 30 active stocks on Bursa Malaysia. It lists each stock's previous closing price and projected support and resistance price levels. Key terms related to technical analysis like resistance, support, and pivot point are also defined. The analysis is published by Rakuten Trade Research Team to help investors understand market sentiment and make their own risk assessments when trading stocks.

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    The document provides a technical analysis of the top 30 active stocks on Bursa Malaysia. It lists each stock's previous closing price and projected support and resistance price levels. Key terms related to technical analysis like resistance, support, and pivot point are also defined. The analysis is published by Rakuten Trade Research Team to help investors understand market sentiment and make their own risk assessments when trading stocks.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    30 views2 pages

    Technical View 2.0 - 7 February 2023

    Uploaded by

    Abdul Razak Noh
    The document provides a technical analysis of the top 30 active stocks on Bursa Malaysia. It lists each stock's previous closing price and projected support and resistance price levels. Key terms related to technical analysis like resistance, support, and pivot point are also defined. The analysis is published by Rakuten Trade Research Team to help investors understand market sentiment and make their own risk assessments when trading stocks.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    rakutentrade,kenanga,RakutenTrade,banking sector ,tradeonBursa, onlinestock,onlinefinance,Rakuten Trade,trade on

    Bursa,banking,maybank,malaysia bank,bank negara,cimb,public bank, interest rates hike, OPR, Bursa Malaysia Finance
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    Bursa,banking,maybank,malaysia bank,bank negara,cimb,public bank, interest rates hike, OPR, Bursa Malaysia Finance
    Index

    Technical View 2.0


    By Rakuten Trade Research Team
    Bursa Malaysia Top 30 Active Stocks

    Previous Projected Support and Resistance Level (RM)


    No Company Name Close
    (RM) S2 S1 PP R1 R2

    1 BORNEO OIL BHD 0.020 0.010 0.015 0.020 0.025 0.030


    2 HONG SENG CONSOLIDATED BHD 0.190 0.155 0.170 0.200 0.215 0.245
    3 ZEN TECH INTERNATIONAL BHD 0.065 0.050 0.055 0.065 0.070 0.080
    4 SAPURA ENERGY BHD 0.045 0.040 0.040 0.050 0.050 0.060
    5 TA WIN HOLDINGS BHD 0.070 0.065 0.070 0.070 0.075 0.075
    6 ATA IMS BHD* 0.465 0.415 0.440 0.460 0.485 0.505
    7 MY EG SERVICES BHD* 0.955 0.900 0.930 0.945 0.975 0.990
    8 VELESTO ENERGY BHD 0.245 0.230 0.235 0.250 0.255 0.270
    9 BUMI ARMADA BHD 0.610 0.570 0.590 0.610 0.630 0.650
    10 PERDANA PETROLEUM BHD 0.200 0.185 0.190 0.200 0.205 0.215
    11 JCY INTERNATIONAL BHD 0.220 0.195 0.210 0.215 0.230 0.235
    12 ANCOM LOGISTICS BHD 0.230 0.210 0.220 0.235 0.245 0.260
    13 NYLEX MALAYSIA BHD* 0.615 0.570 0.590 0.625 0.645 0.680
    14 L&P GLOBAL BHD 0.650 0.565 0.605 0.635 0.675 0.705
    15 VINVEST CAPITAL HOLDINGS BHD 0.235 0.200 0.220 0.225 0.245 0.250
    16 SUNVIEW GROUP BHD* 0.800 0.665 0.735 0.780 0.850 0.895
    17 CYPARK RESOURCES BHD* 1.080 1.000 1.040 1.060 1.100 1.120
    18 KNM GROUP BHD 0.065 0.050 0.060 0.065 0.075 0.080
    19 CUSCAPI BHD 0.265 0.235 0.250 0.265 0.280 0.295
    SNS NETWORK TECHNOLOGY
    20 0.260 0.235 0.245 0.260 0.270 0.285
    BHD
    21 INFOLINE TEC GROUP BHD* 1.000 0.880 0.940 0.990 1.050 1.100
    22 CITAGLOBAL BHD 0.305 0.295 0.300 0.310 0.315 0.325
    23 YGL CONVERGENCE BHD 0.215 0.130 0.170 0.205 0.245 0.280
    24 TANCO HOLDINGS BHD 0.425 0.380 0.405 0.415 0.440 0.450
    25 MESTRON HOLDINGS BHD 0.430 0.400 0.415 0.425 0.440 0.450
    26 NWP HOLDINGS BHD 0.270 0.255 0.265 0.270 0.280 0.285
    27 LEFORM BHD 0.230 0.220 0.225 0.230 0.235 0.240
    28 VESTLAND BHD 0.380 0.355 0.370 0.380 0.395 0.405
    29 TOP GLOVE CORP BHD 0.850 0.825 0.840 0.845 0.860 0.865
    30 ICON OFFSHORE BHD 0.120 0.115 0.120 0.120 0.125 0.125

    *Top traded stocks in Rakuten Trade


    S2 - Support 2; S1 - Support 1; PP - Pivot Point; R1 - Resistance 1; R2- Resistance
    Sources: Bloomberg, Rakuten Trade Research
    Technical terms Definition

    Resistance Resistance zones arise due to a sell-off when prices increase.

    Support is a price level where a downtrend can be expected to pause, due to a concentration of
    Support demand. As the price of a security drops, demand for the shares increases, thus forming the
    support line.

    Pivot Point is the average of the high, low and closing prices from the previous trading day. On
    Pivot Point the subsequent day, trading above the pivot point is thought to indicate ongoing bullish
    sentiment, while trading below the pivot point indicates bearish sentiment.

    All buy calls are based on the research team's judgement. Investing is risky and trading is at your own risk. We advise investors to:
    • read and understand the contents of the disclosure document or any relevant agreement or contract before investing;
    • understand the risks involved in relation to the product or service;
    • compare and consider the fees, charges and costs involved; and
    • make your own risk assessment and seek professional advice, where necessary.

    This document has been prepared for general circulation based on information obtained from sources believed to be reliable but we do
    not make any representations as to its accuracy or completeness. Any recommendation contained within does not have regard to the
    specific investment objectives, financial situation and the particular needs of any specific person who may read this document. This is not
    to be taken in substitution for the exercise of judgement by addressees and further shall not be re-distributed to any other third party.
    Rakuten Trade Sdn Bhd accepts no liability whatsoever for any direct or consequential loss arising from any use of the contents within or
    any solicitations of an offer to buy or sell any securities. Rakuten Trade Sdn Bhd and its associates, their directors, and/or employees may
    have positions in, and may affect transactions in securities mentioned herein from time to time in the open market or otherwise, and may
    receive brokerage fees or act as principal or agent in dealings with respect to these companies.

    Published:

    Kenny Yee Shen Pin


    Head of Research

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