Power Root may soon test the RM2.24 resistance level. With an RSI above 50%, a bullish bias may be present above this mark with target prices of RM2.40 and RM2.50. Meanwhile, it may continue moving sideways if it fails to cross RM2.24 in the near term. Support is then anticipated at RM2.08, whereby traders may exit on a breach to avoid the risk of a further...
This newly listed company shows great performance since listed in Bursa Malaysia. We can see the price growth continuously and harmonics with the chart pattern movement. Uptrend, small accumulation then followed by breakout of pattern. Thus, there are probability that the price goes higher and become All Time High once the price breakout the upper box...
In my perception, rectangular pattern develop for several weeks since Three Black Crow can into the chart at the end of Dec 2018. Follow by first attempt on April 2019 however the result was unsuccessful. Now, we can see that the price has crossed up MA20 recently indirectly shows the possibility of second attempt. IF the price able to break the upper box...
As for the price crossing up MA20, it indicate short term bullish. Yes, it looks promising. But, we can see zoning (23 bid up) that need to be close first. There is probability that the price go further once the price has enough momentum to cross that zone. On the other hand, there's sign of several attempt to break 0.88sen. If the price unable to close above...
Known as EFORCE. I saw that the price breakout from triangle chart pattern. Since it break upper level of chart pattern, then there is high probability for the price become higher in the short term. In order to go bullish in long term, the recent bearish window (gap down) must be close first. IF not, there is probability that the price remain at sideway Wish...
Here's some idea regarding one of well known stocks in Bursa Malaysia. Since Bursa is only one way market. Thus, the price breakout from diamond pattern might shown possibilities that the price would go higher. Will see how it goes on the coming week Thank you for your time ;)
I will put my money in this stock. PERIOD! CAHYA is one of the companies that supply raw materials in construction. They involve in the constructing of PAN Borneo Highway, billions of ringgit telecommunication tower project which was awarded to 5 contractors including them and many more. Don't forget that in Sarawak, the state only accepts local companies with...
My previous analysis based on EW was right at the first place when it bounced at the last 'Z' wave during its correction moves. However, after it manages to rose 8% from the previous low in the Z wave, it started to plummet down and now it has made a lower low that passed the previous correction wave. Based on my Monthly chart analysis, what I see was it is still...
It has completed the final trend wave and it is heading for the final correction wave. Those who still holding their position may want to withdraw while waiting for the final correction wave to complete. We may also see a 30% significant drop in 2 to 3 years.
KLCI index have a low beta compare to other indexes in the world, as negative sentiment affecting the world markets might not be as impactful to KLCI but do note that KLCI is a critical level, anything below 1572 we will likely go back to find support at 1500. Recommendations: - Reduce the number of stocks in your portfoilio until we see some buying back in the...
kemungkinan akan mula mendaki untuk memenuhi permintaan CRAP. (this only for education and imformation purposes, should not be taken as a trading call)
The bottom have been in. We printed a higher low on daily time frame. Crucial 1600. If we break up we try to reach the yellow trend line.
Bonia has been on a downtrend for a very long time. Bonia has recently broken out of the trendline. However, it seems as if price is about to break lower. Price has already broken ascending support level, and hit resistance level of 27.5 cents. Price will most probably retest trendline at 30 cents, before continuing down to 24.5 cents, then maybe 20.5 cents. If...
Status: Daily chart has triggered author's buy signal. 7th bull run of IKHMAS in the making! Author's Rating: 9/10 The information provided here is an author's general opinion only and neither purports nor intends to be, specific trading advice. The information should not be considered as an offer or enticement to buy, sell or trade. Always trade at your own risk.
The last time KLSE blew pass this box. It went down. With the current market sentiment and constant bearish news. 2 scenarios. We might continue to dump today. Or We will get a dead cat bounce then dump further to the next support.
Looks like a strong break above resistance as well as out of symmetrical triangle. Strong Trading Volume Target Price 0.82 range.
USDMYR price as of writing is 4.174. Instrument shows cup and handle pattern. RSI levels and Stochastic indicators indicate an oversold market. If price breaks resistance level 4.2, price will move upward to price target of 4.34. 200-day EMA confirms an uptrend
PIB managed to break through 200 EMA, which is now its support. PIB will be on an uptrend. Fibonacci Retracements show that it has pulled-back at 50%, (6.5 cents), and should push up to its resistance of 9.5 cents. This resistance level has not yet been broken, since January 2018. Thus, PIB will be a good short-term investment, buying in at 7 cents, and selling at...