KLSE index now is at all-time high since July 2019, it reached top of the tunnel, can it really break up and head to 1800? With so many uncertainties in political problems and increasing numbers in Covid, EPF cashing out, I'm doubt about it.. I'm expecting a rejection very soon. If you like my work, please hit the like button :)
As shown on the chart, Price action crossed up the long term downtrend resistant line with Volume, Low1 and Low2 formed a Divergence in MACD. 1st TP will be at RM0.45. 2nd TP will be at RM0.535. Cutloss at RM0.27/RM0.28 Profit Loss Ratio = 3 : 1
Bursa previously has retested 2 times at RM 7.8, but failed to break lower. Hence we can take that as a strong supporting zone. And looking at the momentum, selling momentum is changing to buying. Looking forward to retest the previous resistant Rm10.20+ Risk and reward 1.8 : 0.8 And coming QR is promising!
JCY has reach a key level supporting zone, failed to break up higher. Stay neutral on this price now. Near-term might rebound high to 0.715, and then stay sideways. Bound range around 0.535 - 0.715.
As we can see on the chart, inno is challenging previous new high. Volume is still missing out. Price might pullback to a higher low around RM1.10 before going for a new high. Only buy in if volume and price moving up together.
We can clearly see a few rounds of testing on resistant level 0.125. Hopefully we can see the price stand strong at 0.11 this round, and volume is coming back. TP 0.18 CL 0.09
Setelah harga pasaran KLCI tidak berjaya menembus harga 1600.00, investor telah mula hilang semangat. Ramai di antara investor telah pun close profit pada harga tersebut kerana di katakan terlalu tinggi dan harga pasaran yang mahal, ada juga investor yang tidak perasan perkara ini berlaku yang membuat ramai investor membeli pada paras harga yang hampai pada...
The Malaysian government t has taken the smart and wise steps. With reopening more economy sectors, this will boost up other sides economy. The tourism economy has been open back, and the flights will continue resume back. In other stories, 1,000 hotel bookings in Langkawi has been placed in just 45 minutes Yesterday (07/05/2020). More than 700 bookings has...
Market Watch : Hello Malaysian traders, hoping that everybody in good health. These company has a large of liquidity and a large cash flow. Since that the global chain market has been worsen due to pandemic.. the crude palm oil price also get infected. Since that the demand of crude oil is still there, these company still can survive. The case almost similar...
The Bullish is really hard for this market, but today the resistance has been broken. And I hope that this resistance will be her supports to continue the journey to the uptrend channel. Foresee, the new month is coming.. so I expected that a new candle will be appear. Cross finger, that the candle will be the three white soldiers.
Looking to the price daily chart, the price is about to breakout the 1370.00 which is the key before the price going to 1400.00. I am holding the buying position today as the price of value RSI showing up before the previous value. The confirmation also has been develop after the candlestick eating all the price previous day. Ringgit has strengten against the...
"Dont buy or sell until you see significant pattern and price. Price has inertia because it carry heavy volume inside the price. Follow the trend and the trend never wrong.." -Zezu Zaza Bursa Saham Trading @ Hotel Armada Petaling Jaya 15th November 2019 As you can see the world market right now is contain of fear. Great great depression is on the way. Economy...
After Fed announced to drop the interest rate from 1.75% (29th Januari 2020) to 1.25% (4rd March 2020) , the stock KLSE will be bounce on Thursday 5th March 2020. This is a good news for Malaysian Ringgit after to recover from the resignation of the Prime Minister of Mahathir Mohamad on 24th February 2020. As you can see on my illustrated chart, the demand has...
We have detected the price crosses the moving average in the chart, this bullish indicates that the stock price may rise from the close of 0.185.