Thursday, January 23, 2020

Technical Analysis Jan 2020: PHARMA (7081)

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PHARMANIAGA BERHAD

Observation from Chart:

PHARMA (7081) forming strong support @ RM2.01 level.

Will it breakout strong resistance level & go higher?

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

Immediate support @ RM2.01 level.
If break strong support, lower low is confirm. Downtrend will resume.

Immediate resistance @ RM2.26 level
Subsequent resistance @ RM2.50 level.

Glove sector have been bull rally on Influenza A diseases.
How about Pharmaceutical sector?
Which company is Influenza A vaccine supplier?

Source: https://www.nst.com.my/news/nation/2020/01/555890/health-ministry-influenza-vaccine-supply-sufficient-no-need-worry

Let's watch closely.

Tuesday, January 21, 2020

Technical Analysis Jan 2020: HARTA (5168)




HARTALEGA HOLDINGS BERHAD 

Observation from Chart:

HARTA (5168) forming higher high & higher low.

Will it retest RM6.00 level?

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

Immediate support @ RM5.32 level.
Subsequent support @ RM5.09 level.

Immediate resistance @ RM5.80 level
Subsequent resistance @ RM6.00 level.

Let's watch closely.

Monday, January 20, 2020

Technical Analysis Jan 2020: SCABLE (5170)



SARAWAK CABLE BERHAD 

Observation from Chart:-

SCABLE forming ascending triangle pattern.

Will it breakout & retest RM0.44 resistance level?

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

Immediate resistance @ RM0.38 level.
Subsequent resistance @ RM0.44 level.

Immediate support @ RM0.30 level.
Subsequent support @ RM0.28 level.

Let's watch closely.

Saturday, January 11, 2020

Technical Analysis Jan 2020: DAYANG (5141)



DAYANG ENTERPRISE HOLDINGS BERHAD 

Observation from Chart:-

DAYANG forming higher high & higher low. (From RM0.87 to RM2.54, +195.6%)

How high will it go?

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

Immediate resistance @ RM2.54
If breakout RM2.54, higher high is confirm. Uptrend will resume.

Immediate support @ RM2.34
Subsequent support @ RM2.20

Let's watch closely...

Friday, January 10, 2020

Technical Analysis Jan 2020: OWG (5260)



ONLY WORLD GROUP HOLDINGS BERHAD (5260)

Observation from Chart:-

OWG forming "W" pattern?

Will it retest RM0.72 resistance level?

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

Immediate resistance @ RM0.72 level.
Subsequent resistance @ RM1.36 level.

Immediate support @ RM0.585 level.
Subsequent support @ RM0.55 level.

Let's watch closely.

Technical Analysis Jan 2020: SLVEST (0215)


SOLARVEST HOLDINGS BERHAD

Observation From Chart:

SLVEST (0215) forming bullish reversal sign.

Will it retest RM0.915 resistance level?

Other indicator:-
Due to limited data, no MACD for reference yet.
Stochastic %K on BUY call itinerary.

Immediate resistance @ RM0.86 level.
Subsequent resistance @ RM0.915 level.

Immediate support @ RM0.74 level.
Subsequent support @ RM0.67 level.

Let's watch closely.

Wednesday, January 8, 2020

Technical Analysis Jan 2020: POS (4634)



POS MALAYSIA BHD (4634) 

Observation From Chart:

POS (4634) forming symmetrical triangle pattern.

Will it breakout resistance?

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

Immediate resistance @ RM1.54 level.
Subsequent resistance @ RM1.60 level.

Immediate support @ RM1.45 level.
Subsequent support @ RM1.38 level.

Let's watch closely.

Technical Analysis Jan 2020: FPI (9172)


FORMOSA PROSONIC INDUSTRIES BERHAD 

Observation from Chart:

FPI (9172) retest strong resistance RM1.68 level.

Will it breakout & go higher?

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

Immediate resistance @ RM1.68 level.
Subsequent resistance @ RM1.75 level.

Immediate support @ RM1.62 level.
Subsequent support @ RM1.53 level.

Let's watch closely.

Technical Analysis Jan 2020: KAREX (5247)



KAREX BERHAD (5247) 

Observation from Chart:

KAREX (5247) retest RM0.515 support level. 

Will it forming "cup & handle" pattern?

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

Immediate resistance @ RM0.58 level.
Subsequent resistance @ RM0.61 level.

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

Let's watch closely

Sunday, January 5, 2020

Technical Analysis Jan 2020: SAPNRG (5218)


SAPURA ENERGY BERHAD 

Observation from Chart:

SAPNRG (5218) forming descending triangle pattern.

Will it breakout strong resistance & go higher ?

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

Immediate resistance @ RM0.275 (descending triangle line)
Subsequent resistance @ RM0.30

Immediate support @ RM0.26 level.
If break this strong support, lower low is confirm, Downtrend may resume.

Let's watch closely for opportunity