Friday, February 22, 2019

Technical Analysis Feb 2018: DRBHCOM (1619)


DRB-HICOM BERHAD 

Observation from Chart:-

DRBHCOM forming double bottom @ RM1.61 level ?

Will it rebound at RM1.78 support level?

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

Immediate resistance @ RM1.91 level.
Subsequent resistance @ RM2.09 level.

Immediate support @ RM1.74 level.
Subsequent support @ RM1.61 level.

Let's watch closely.

Technical Analysis Feb 2019: MAGNUM (3859)



MAGNUM BERHAD 

Observation from Chart:-

MAGNUM retest RM2.34 resistance level.

Will it breakout & go higher?

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

Immediate support @ RM2.25 level.
Subsequent support @ RM2.18 level.

Immediate resistance @ RM2.34 level
Subsequent resistance @ RM2.50 level.

Let's watch closely...

Technical Analysis Feb 2019: VSOLAR (0066)


VSOLAR GROUP BERHAD 

Observation from chart:-

VSOLAR (0066) forming higher high & higher low.

How high will it go?

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

Due to overbought, most like will consolidate sideway or retest support level.
Immediate support @ RM0.17 level.
Subsequent support @ RM0.155 level.

Immediate resistance @ RM0.195 level.
If break RM0.195 level, higher is confirm. Uptrend may resume.

Let's watch closely.

Saturday, January 26, 2019

Technical Analysis Jan 2019: INARI (0166)


INARI AMERTRON BERHAD 

Observation from chart:-

INARI succeed breakout downtrend resistance level.

How high will it go?

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

Immediate support @ RM1.45 level.
Subsequent support @ RM1.22 level.

Immediate resistance @ RM1.60 level.
Subsequent resistance @ RM1.76 level.

Let's watch closely.

Sunday, December 16, 2018

Technical Analysis Dec 2018: DRBHCOM (1619)


DRB-HICOM BERHAD 

Observation from Chart:-

DRBHCOM forming descending triangle pattern.

Will it rebound at RM1.78 support level?

Other indictor:-
MACD trade at negative region, downtrend sign.
Stochastic %K pending trigger BUY call.

Immediate resistance @ RM2.10 level.
Subsequent resistance @ RM2.20 level.

Immediate support @ RM1.78 level.
Subsequent support @ RM1.685 level.

Let's watch closely.

Technical Analysis Dec 2018: TAANN (5012)


TA ANN HOLDINGS BERHAD 

Observation From Chart:-

TAANN rebound from RM1.90 support level.

Will it breakout downtrend resistance level & form higher high?

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

Immediate resistance @ RM2.37 level.
Subsequent resistance @ RM2.45 level.

Immediate support @ RM2.00 level.
Subsequent support @ RM1.90 level.

Let's watch closely.

Sunday, December 9, 2018

Technical Analysis Dec 2018: GAMUDA (5398)


GAMUDA BERHAD (5398) 

Observation from Chart:

GAMUDA gap down from RM3.20 level & consolidate side way.

Will it breakout the RM2.55 resistance level & close the gap ?

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

Immediate resistance @ RM2.55 level.
Subsequent resistance @ RM3.00 level.

Immediate support @ RM2.25 level.
Subsequent support @ RM2.00 level.

Let's watch closely.

Saturday, December 8, 2018

Technical Analysis Dec 2018: YONGTAI (7066)


YONG TAI BERHAD 

Observation from chart:-

YONGTAI trading from RM1.52 high to RM0.32 low. (-77.9%)

Will it rebound & breakout downtrend resistance level?

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

Immediate support @ RM0.32 level.
If break RM0.32 support, lower low will be form, downtrend will resume.

Immediate resistance @ RM0.435 level.
Subsequent resistance @ RM0.50 level.

Let's watch closely for opportunity.

Saturday, December 1, 2018

Technical Analysis Dec 2018: INARI (0166)


INARI AMERTRON BERHAD 

Observation from chart:-

INARI trading between RM2.54 & RM1.59 range.

Will it rebound & retest RM2.54 resistance level?

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

Immediate support @ RM1.59 level.
Subsequent support @ RM1.55 level.

Immediate resistance @ RM1.76 level.
Subsequent resistance @ RM1.96 level.

Let's watch closely.

Technical Analysis Dec 2018: GENM (4715)

GENTING MALAYSIA BERHAD 

Observation from Chart:

GENM retrace down from RM5.30 resistance level.

Will it form technical rebound @ RM2.00 psychology level ?

Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K on oversold region.

Immediate support @ RM2.50 level.
Subsequent support @ RM2.00 psychology level.

Immediate resistance @ RM3.00 psychology level.
Subsequent resistance @ RM3.03 level.

1st gap down: Budget 2019 announced
Annual gaming licence fee for casinos to be raised from RM120m to RM150m; gaming tax on casinos to be raised to 35% of GGR

Gaming machine dealer's licence to be raised from RM10,000 to RM50,000 per year; tax on gaming machines also up from 20% to 30% of gross collection

Source: http://www.theedgemarkets.com/

2nd gap down: Fox, Disney Get Sued for Backing Out of Theme Park Deal
Source: https://www.bloomberg.com/

30 Nov 2018: Genting Malaysia suffers largest ever quarterly loss of RM1.49 billion and RM1.8 billion impairment
Source: http://www.theedgemarkets.com/

How will market re-act? Will it form 3rd gap down?

Let's watch closely for opportunity.