Sunday, June 26, 2016

Technical Analysis June 2016: CAREPLS (0163)

CAREPLUS GROUP BERHAD (0163) 

Observation from Chart:-

CAREPLS forming lower high & lower low.

Will it be technical rebound @ RM0.32 support level ? 

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on oversold stage, pending BUY call.

Immediate support @ RM0.32 level.
Subsequent suport @ RM0.305 level.

Immediate resistance @ RM0.33 level.
Subsequent resistance @ RM0.365 level.

From technical view, CAREPLS is forming lower low & lower high, market sentiment is bearish. NO bullish reversal been form yet.

From fundamental view, CAREPLS is export counter, will be beneficial on USD appreciation.

Let's watch closely.

Friday, June 24, 2016

Technical Analysis June 2016: KNM (7164)


KNM GROUP BERHAD 

Observation from Chart:-

KNM retest downtrend line support level.

Will it rebound @ this support level ?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on oversold stage, trigger BUY call.

Immediate support @ RM0.40
Subsequent suport @ RM0.39 level.

Immediate resistance @ RM0.435 level.
Subsequent resistance @ RM0.45 level.

From technical view, KNM is forming lower low & lower high, market sentiment is bearish.
NO bullish reversal been form yet.

From fundamental view, KNM will feel impact on BREXIT
Source: http://www.thesundaily.my/

Let's watch closely.

Technical Analysis June 2016: SKPRES (7155)

SKP RESOURCES BHD (7155) 

Observation from Chart:

SKPRES (7155) forming descending triangle pattern.

Will it rebound @ strong support level, RM1.20 ?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on BUY call itinerary.

Immediate support @ RM1.20 level.
Subsequent support @ RM1.18 level.

Immediate resistance @ RM1.25 level.
Subsequent resistance @ RM1.27 level.

Let's watch closely.

Thursday, June 23, 2016

Technical Analysis June 2016: COMCORP (7195)


COMINTEL CORPORATION BHD

Observation from Chart:-

COMCORP (7195) used one day wipe out 28.9% share price.

Will it be technical rebound? Or going side way?

Other indicator:-
MACD trade at positive region, uptrend sign.(Unfortunately, it's have formed death cross)
Stochastic %K on SELL call itinerary.

Immediate resistance @ RM0.75 level.
Subsequent resistance @ RM0.80 level.

Immediate support @ RM0.65 level.
Subsequent support @ RM0.62 level.

Let's recall some similar pattern stock,

K1 (0111), 28 May 2015, one day wipe out 28%
Next trading day, wipe out another 32.2 % 

DSONIC (5216), 4 Apr 2014, one day wipe out 22.6%
Small rebound for next few days then ...

MPAY (0156), 29 Apr 2014, one day wipe out 15.3% (but intraday it do have big deep down & pull back)
Next few trading days do continue wipe out then just small technical rebound

Let's watch closely COMCORP.

Wednesday, June 22, 2016

Technical Analysis June 2016: GENTING (3182)


GENTING BERHAD

Observation from Chart:-

GENTING is forming lower high & lower low.

Will it breakout the downtrend line resistance?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K on BUY call itinerary.

Immediate resistance @ RM8.21 level.
Subsequent resistance @ RM8.60 level.

Immediate support @ RM8.00 level.
Next support @ RM7.75 level.

Let's watch closely for breakout opportunity.

Tuesday, June 21, 2016

Technical Analysis June 2016: YTL (4677)


YTL CORPORATION BERHAD 

Observation from Chart:-

YTL is heading retest RM1.69 strong resistance level.

How about this round, will it breakout & go higher?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K on BUY call itinerary.

Immediate resistance @ RM1.67 level.
Subsequent resistance @ RM1.69 level.

Immediate support @ RM1.58 level.
Subsequent support @ RM1.55 level.

If able breakout the strong resistance, higher high is formed.
Potential kick off another wave of bull run.

Let's watch closely.

Technical Analysis June 2016: SUPERMX (7106)


SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX forming lower high & lower low.

How low will it go? Will it be technical rebound @ RM2.00 psychology level ? 

Other indicator:-
MACD trade @ negative region, downtrend sign.
Stochastic %K @ oversold region, pending BUY call.

Immediate resistance @ RM2.29 level.
Subsequent resistance @ RM2.39 level.

Immediate support @ RM2.10 level.
Subsequent support @ RM2.00 psychology level.

Let's watch closely for technical rebound opportunity.

Monday, June 20, 2016

Technical Analysis June 2016: DAYANG (5141)


DAYANG ENTERPRISE HOLDINGS BERHAD 

Observation from Chart:-

DAYANG retest RM1.00 strong support level.

Will it form "W" pattern & kick off strong rebound?

Other indicator:-
MACD trade at negative region, downtrend itinerary.
Stochastic %K already trigger BUY call, pending confirmation.

Immediate resistance @ RM1.21
Subsequent resistance @ RM1.24

Immediate support @ RM1.02
Subsequent support @ RM1.00

Let's watch closely...

Analysis on HAIO (7668)

HAI-O ENTERPRISE BERHAD

As 17 June 2016, HAI-O closing price: RM2.68
PE: 15.60
DY: 5.6

News:
Market value soared on FY2018
http://www.sinchew.com.my/

Referring above news,
if HAIO achieved the goal, how do you think they will reward their shareholders?
Will it proposed SPECIAL Dividend (BONUS share issue) to reward their shareholders?

If you follow HAIO closely, you may observed HAIO keep perform Share Buy Back from open market since year 2013
(Source: http://www.bursamalaysia.com/ ).

Till 17 June 2016, it has accumulated 9,087,588 units, which is 4.49%


Will HAIO continue Share Buy Back? How many % ?

Let's move on to review their dividend payout.
HAIO do have dividend payout policy.

According pass dividend history, HAIO do distribute treasury share as Bonus Issue.
Although it might be too early to predict, this round what's Treasury Share used for.
No doubt, it have been quite sometimes, HAIO never distribute bonus share to shareholders.
So it's high probability, this round Treasury Share will be distribute as bonus issue.

For more info on HAIO dividend history
http://www.hai-o.com.my/dividend.php

Lets watch closely HAIO for opportunity.

Remark: 
This article is for sharing purpose only. Please consult your legal investment agent/broker for trading advice.

Sunday, June 12, 2016

Technical Analysis June 2016: HAPSENG (3034)


HAP SENG CONSOLIDATED BERHAD 

Observation from Chart:-

HAPSENG forming bolinger band squeeze since Feb 2016.

Will it breakout the resistance & go higher?

Other indicator:-
MACD trade at positive region, uptrend itinerary.
Stochastic %K pending BUY call.

If able breakout RM7.90, another new high record been form.

If retrace down,
Immediate support @ RM7.45 level.
Subsequent support @ RM7.20 level.

Let's watch closely for opportunity.