Sunday, November 27, 2016

Technical Analysis Nov 2016: OLDTOWN (5201)


OLDTOWN BERHAD 

Observation from Chart:-

OLDTOWN gap down with huge volume.

Will it retest RM1.695 support level ?

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

Immediate resistance @ RM1.95 level.
Subsequent resistance @ RM2.02 level.

Immediate support @ RM1.695 support level.
Subsequent support @ RM1.61 level.

Let's watch closely.

Technical Analysis Nov 2016: OPENSYS (0040)


OPENSYS (M) BHD 

Observation from Chart:-

OPENSYS (0040) retrace down from RM0.415 high

Will it rebound @ RM0.33 support level?

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

Immediate resistance @ RM0.37 level.
Subsequent resistance @ RM0.415 level.

Immediate support @ RM0.33 level.
Subsequent support @ RM0.305 level.

Let's watch closely.

Saturday, November 5, 2016

Technical Analysis Nov 2016: MYEG (0138)


MY E.G. SERVICES BHD (0138) 

Observation From Chart:-

MYEG forming higher high & higher low.

Will it rebound @ support level ?

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

Immediate support @ RM2.26 level.
Subsequent support @ RM2.22 level.

Immediate resistance @ RM2.40 level.
Subsequent resistance @ RM2.51 level.

Positive news on MYEG:-
29 August 2016 , MYEG proposed one (1) Bonus Share for every two (2) existing MYEG Shares held on an entitlement date to be determined later ("Proposed Bonus Issue"). For more info, pls refer http://www.bursamalaysia.com/
Based on pass history, bonus issue held on Oct / Dec.
Today already November so perhaps Bonus issue will be fall on coming December.

Let's watch closely.

Saturday, October 29, 2016

Technical Analysis Oct 2016: EFORCE (0065)


EXCEL FORCE MSC BHD (0065) 

Observation from Chart:

EFORCE (0065) forming descending triangle pattern.

When will it breakout?

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

Immediate resistance @ RM1.62 level.
Subsequent resistance @ RM1.64 level.

Immediate support @ RM1.50 level.
Subsequent support @ RM1.445 level.

Let's watch closely.

Thursday, October 27, 2016

Technical Analysis Oct 2016: BHS (7241)


BHS INDUSTRIES BHD (7241) 

Observation from Chart:

BHS succeed breakout bolinger band squeeze.

How high will it go?

Other indicator:-

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

Immediate resistance @ RM0.46 level.
Subsequent resistance @ RM0.49 level.

Immediate support @ RM0.44 level.
Subsequent support @ RM0.42 level.

Let's watch closely.

Sunday, October 23, 2016

Technical Analysis Oct 2016: GAMUDA (5398)



GAMUDA BERHAD (5398) 

Observation from Chart:

GAMUDA succeed breakout bolinger band squeeze. 

How high will it go?

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

Immediate resistance @ RM5.00 level.
Subsequent resistance @ RM5.10 level.

Immediate support @ RM4.91 level.
Subsequent support @ RM4.87 level.

Let's watch closely.

Saturday, October 22, 2016

Technical Analysis Oct 2016: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX forming bolinger band squeeze

When will it break out?

Other indicator:-
MACD trade @ positive region, uptrend sign.
Stochastic %K @ trigger BUY call, pending confirmation.

Immediate resistance @ RM2.30 level.
Subsequent resistance @ RM2.40 level.

Immediate support @ MA20 which is RM2.20 level.
Subsequent support @ RM2.04 level.

Let's watch closely
.

Sunday, October 9, 2016

Technical Analysis Oct 2016: IJM (3336)


IJM CORPORATION BERHAD 

Observation from Chart:-

IJM is forming lower high & lower low.

How low will it go?

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

High probably it will retest downtrend resistance level which is around RM3.40 level.

Immediate support @ RM3.28 level.
Subsequent support @ RM3.21 level.

Immediate resistance @ RM3.40 level.
Subsequent support @ RM3.45 level.

Let 's watch closely.

Saturday, October 8, 2016

Technical Analysis Oct 2016: WILLOW (0008)



WILLOWGLEN MSC BHD 

Observation from Chart:

WILLOW (0008) succeed breakout bolinger band squeeze & forming higher high.

How high will this round go?

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

Immediate resistance @ RM0.775
Subsequent resistance @ RM0.795

Immediate support @ RM0.72 level.
Subsequent support @ RM0.69 level.

Let's watch closely.

Technical Analysis Oct 2016: GBGAQRS (5226)


GABUNGAN AQRS BERHAD (5226) 

Observation from Chart:

GBGAQRS (5226) retrace down from RM1.18 high level to RM0.85  (-27.5%)

Will it rebound @ RM0.85 strong support level?

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

Immediate resistance @ RM0.93level.
Subsequent resistance @ RM0.965 level.

Immediate support @ RM0.85 level.
Subsequent support @ RM0.82 level.

Let's watch closely for technical rebound