Sunday, January 8, 2017

Technical Analysis Jan 2017: TADMAX (4022)


TADMAX RESOURCES BERHAD 

Observation from Chart:-

TADMAX (4022) succeed breakout symmetrical triangle resistance.

How high will it go?

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

Immediate resistance @ RM0.40 level.
Subsequent resistance @ RM0.415 level.

Immediate support @ RM0.39 level.
Subsequent support @ RM0.375 level.

Let's watch closely.

Saturday, January 7, 2017

Technical Analysis Jan 2017: TMCLIFE (0101)


TMC LIFE SCIENCES BERHAD 

Observation from Chart:-

TMCLIFE (0101) forming descending triangle pattern.

Will it breakout resistance & go higher?

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

Immediate resistance @ RM0.96 level.
Subsequent resistance @ RM0.985 level.

Immediate support @ RM0.945 level.
Subsequent support @ RM0.935 level.

Let's watch closely.

Technical Analysis Jan 2017: AXIATA (6888)


AXIATA GROUP BERHAD 

Observation from Chart:-

AXIATA (6888) succeed breakout ascending triangle pattern.

Will it retest RM5.00 psychology level ?

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

Immediate resistance @ RM5.00 level.
Subsequent resistance @ RM5.08 level.

Immediate support @ RM4.72 level.
Subsequent support @ RM4.45 level.

Let's watch closely.

Monday, December 26, 2016

Technical Analysis Dec 2016: K1 (0111)


K-ONE TECHNOLOGY BHD 

Observation From Chart:-

K1 rebound from RM0.13 support level.

How about this round, will it breakout downtrend resistance level?

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

Immediate support is RM0.13 level,
Subsequent support is RM0.10 level.

Immediate resistance, RM0.16 level.
Subsequent resistance, RM0.18 level.

Let's watch closely.

Tuesday, December 6, 2016

Technical Analysis Dec 2016: YTL (4677)


YTL CORPORATION BERHAD 

Observation from Chart:-

YTL 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 resistance @ RM1.60 level.
Subsequent resistance @ RM1.64 level.

Immediate support @ RM1.50 level.
Subsequent support @ RM1.44 level.

Let's watch closely.

Sunday, December 4, 2016

Technical Analysis Dec 2016: MEXTER (0075)


MEXTER TECHNOLOGY BHD (0075) 

Observation from Chart:-

MEXTER forming descending triangle pattern.

Will it retest RM0.21 support level?

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

Immediate resistance @ RM0.25 level.
Subsequent resistance @ RM0.265 level.

Immediate support @ RM0.21 level.
Subsequent support @ RM0.19 level.

If break the strong support, RM0.21 level, lower low is formed.
Potential facing high selling pressure.

Let's watch closely.

Technical Analysis Dec 2016: DAYANG (5141)


DAYANG ENTERPRISE HOLDINGS BERHAD 

Observation from Chart:-

DAYANG retest downtrend resistance level.

Will it breakout & go higher?

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

Immediate resistance @ RM0.905
Subsequent resistance @ RM0.96

Immediate support @ RM0.805
Subsequent support @ RM0.745

Let's watch closely...

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.