Beware MYX:TECHNOLOGY Forming Head and shoulder
TP 1 = 65.50 @ 100% TP 2 = 99.50 @ 161% TECHNOLOGY HOLY SMOKES!!!
Indek ini memantul pada sokongan 51.51 mata dan terus naik menuju ke tahap rintangan 57.35 yang pernah di lakukan pada 6 Ogos 2020. Minggu hadapan rintangan tersebut akan di uji dan adakah teknologi terus membuat kenaikan. Saham yang aktif pada akhir dagangan minggu ini di mulai dengan JCY,NOTION,ARBB DNET dan MYSCM. Sekian.
TP 1 @ 61.8% = 53.60 TP 2 @ 100% = 65.25 TP 3 @ 161% = 98.85
Had a good run on Technology Stocks Malaysia's Technology Sector still bullish. 100% gain since 25 Mar and no sign of slowing down. However, Technology Select Sector SPDR Fund (XKL) which consist of major US technology counters such as Apple, Microsoft, Intel, NVIDIA, Adobe While still bullish and uptrend, but there's sign of BEARISH divergence where Index...
Of all sectors in Bursa Malaysia, only tech sector has breakout from its sideway range, and currently above its MA200 signifying bullish trend. However, it is still below the supply line considering previous two peaks. EW5 can go as high as the previous peak, but for now, it has to retest and retrace for EW4 completion.
Malaysia Technology index is about to break above its 2017/2018 high, following Nasdaq and SOX to making new high. Despite that, the index is still far away from its 2003 and Dot Com Bubble high. This is why only LONG TERM trend matters. Yeah, you can make money day trading here and there but the bulks of money are being made by trading/investing based on long...
Technology sector breaks fibo 0.786 / 38 Resistance 1 week ago. Last week Technology did a flag pattern pullback without fast turtle sell. Last friday index close with Fast Turtle Buy signal. Technology may resume bull rally and complete V shape recover sooner than other sectors.
Malaysia only bright side is that the technology sector may and will continue to benefits from current situations. Capital flow is indicating that more and more capital will come into this sector versus other sector. The best tactical play is to go long and invest in technology companies, especially those with good management and fundamentals. Rotational play...
TECH SECTOR BURSA RETEST BREAKOUT ZONE BEFORE PUMP
- With the main KLCI index hovering at support over the past few weeks, only Tech index remain strong and resillient - There are strength in the Tech sector Recommendations: - Choose stocks with strength and trending upwards such as Frontkn, Inari, Penta