Salahuddin_yusuf

Salahuddin_yusuf

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...

Salahuddin_yusuf

Gold broke highs at 1508, after going on a bull-run for the past couple of weeks. Gold seems to be consolidating so I see two possible outcomes. (First possible outcome) GOLD breaksout outwards, retest and could possibly reach 1611. This outcome has a higher possibility of happening as 1611 was its major resistance level April of 2013 in the next couple of...

Salahuddin_yusuf

The British Pound has been on a bearish trend since 5.37. The pound has hit a fibonacci retracement of 38.2% from 5.14, indicating a strong bearish trend. If the ABCD pattern completes, the price target for GBPMYR is 4.90, also hitting a major support level.

Salahuddin_yusuf Updated 

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

Salahuddin_yusuf

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...

Salahuddin_yusuf Updated 

I can see BURSA reaching RM8.10 in the coming months. With their first dividend announced, I think BURSA is a good stock to buy and hold for the first half of the year. What are others thinking?