Tune Protect Group Berhad (5230:KL) has appointed William Foo as chief executive officer

Tune Protect Group Berhad (5230:KL) has appointed William Foo as chief executive officer

Tune Protect Group Berhad (5230:KL) has appointed William Foo as chief executive officer

Tune Protect Group Bhd has appointed William Foo as chief executive officer of Tune Insurance Malaysia Bhd effective today. 

Foo has over 25 years of experience in the general insurance industry, and has been chief operating officer of QBE Insurance Malaysia.

He is an associate of the Malaysian Institute of Insurance, a senior associate CIP of the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and a registered financial planner. He obtained his bachelor of management degree (with honours) from the Universiti Sains Malaysia.

Foo succeeds Khoo Ai Lin, who was appointed CEO of the insurer’s parent company, Tune Protect Group, earlier this year. She continued to head the Malaysian arm until Foo’s appointment as CEO was announced.

“The company is optimistic that with Foo on board, it will accelerate its growth and transformation towards becoming a leading digital insurer,” Tune Protect Group said in a filing with Bursa Malaysia, the country’s stock exchange.

Overall, the bias in prices is: Upwards.

The projected upper bound is: 0.74.

The projected lower bound is: 0.67.

The projected closing price is: 0.71.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 2 white candles and 4 black candles for a net of 2 black candles. During the past 50 bars, there have been 16 white candles and 21 black candles for a net of 5 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 71.4286. This is not an overbought or oversold reading. The last signal was a sell 7 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 57.75. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 52 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 81. This is not a topping or bottoming area. The last signal was a buy 12 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 0 period(s) ago.

Rex Takasugi – TD Profile

TUNE PROTECT GRP closed down -0.005 at 0.705. Volume was 70% below average (consolidating) and Bollinger Bands were 37% narrower than normal.

Open High Low Close Volume___
0.700 0.705 0.700 0.705 345,400

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 0.70 0.68 0.71
Volatility: 20 33 42
Volume: 675,700 1,037,066 1,375,216

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

TUNE PROTECT GRP is currently 0.5% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of TUNE.KL at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on TUNE.KL and have had this outlook for the last 1 periods.


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