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M+ Wiz: Highlights

Did you capture MYCRON & HLT today?

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Have you ever wondered, why some of the alerts are highlighted in yellow while some are highlighted in blue? Both MYCRON and HLT are triggered during the first 30-minute of the morning session, and both are highlighted in blue. 

When the alerts are highlighted in blue, it means the particular stock is one of our favorites and momentum picks for the day. These are the counters that definitely worth your attention and spend a minute or two to look through it. For example, MYCRON is one of our momentum picks for the day

MYCRON (5087)

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MYCRON is triggered this morning under the Daily Rules: Resistance Breakout with High Volume, and 30-Min Rules: [Trend] Pullback Rebound. It is one of our pick for momentum stocks today as we identified the counter formed bullish engulfing with an increased volume. 

The Mycron Group is in Industrial Products & Services sector, principally engaged in mid-stream steel cold rolled coil manufacturing and steel tube manufacturing business.

HLT (0188)

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As of HLT, it is triggered this morning on 30-Min Rules: [Trend] Buyers’ Intact. This rule captures upward trending stocks that poised to go higher and continue its rally. When HLT rebounded and broke above its previous day high with increased volume, it met the rules condition and triggered. 

HLT Global Berhad is in Industrial Products & Services, principally engaged in the design, fabrication, installation, testing and commissioning of glove-dipping lines.

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The daily chart of HLT illustrates the price is going on a strong uptrend, in accordance with the increased demand of glove amid the Covid-19 pandemic.

On the other hand, the yellow highlighted counters are those counters added into your Favorite List. This helps you to be alerted when your preferred and potential counters are triggered on our strategies while monitoring alerts on other counters.

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As mentioned during our Facebook Live session on 20th April 2020, REDTONE (0032) is one of the stocks that we are monitoring closely. It has broken above the consolidation resistance while the price is staying above 20-days Moving Average with MACD is above the centerline.

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Technical Focus – KPOWER

Engages in sustainable energy and utilities business in relation to construction activities that are specialised engineering services and subsequently diversified into the healthcare and logistics business. Outstanding orderbook as of end-Feb 2021 at approximately RM1.60bn implies an orderbook-to-cover ratio of 16.7x against FY20 revenue of RM95.8m will sustain earnings over the next 3-4 years. Shortlisted for the development of Large Scale Solar (LSS4) programme with 50MW capacity will be able to generate recurring income for 21 years. Technically, the short-term consolidation breakout above RM1.96 may power price to target the next resistances at RM2.20-2.32 with long term target set at RM2.58.

market pulse

Still on the ascend

The FBM KLCI locked in third consecutive gains last Friday, as focus was shifted from glove counters to the telecommunication sector following Celcom-DiGi merger talks. Tracking the overnight improvement on Wall Street, the local bourse may trend on a slightly positive tone after hovering firmer above the critical 1,600 level. However, we believe the market sentiment will remain choppy amid rising Covid-19 cases (albeit the ongoing vaccine rollout plan for Covid-19), coupled with the development regarding the new wave of Covid-19 outbreak in some countries and Europe and Asia.

macquarie structured warrants 20200914

HSI-HGK dominates the warrants market

The Malaysia warrants market saw a total of RM233.3mil traded on the second week of April, which is 15.4% higher than RM202.1mil in the prior week. Out of which, the warrants over Malaysian underlyings were the largest contributor with RM167.4mil traded (71.8% to the total turnover) followed by warrants over the Hang Seng Index (HSI) with RM56.3mil traded (24.1% of total turnover) as the Hong Kong market was shut on Monday and Tuesday.

market pulse

Defending 1,600

The FBM KLCI posted mild gains yesterday as investors piled into glove heavyweights with the narrative of potential surge in demand for gloves amid the recent waves of Covid-19 outbreak in Europe and parts of Asia. Tracking the overnight gains on Wall Street, Nasdaq especially, we expect the positive sentiment to spill over to technology stocks on the local front. Commodities wise, the CPO prices saw a modest decline while the Brent oil price edged higher.

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