Technical Analysis Feb 2011: YTL (4677)

YTL CORPORATION BERHAD

Observation from Chart:-

On early Jan 2011, YTL attempt RM8.50 high a few time BUT unable break up.
Subsequently, it start retrace down from RM8.50 high to RM7.05 low (-17%)

Will it future retrace down or rebound?

From RSI & MACD indicator, YTL extreamly oversold stage.
A technical rebound should be form soon.

Let watch closely for entry opportunity.

Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Feb 2011: BURSA (1818)

BURSA MALAYSIA BERHAD

Observation from Chart:-

Bursa have been retrace down from RM8.98 high to RM8.10

It have been attempt 3X at RM8.10 level & now forming decending triangle pattern.

So, RM8.10 is current strong support level.

If selling pressure too high, it might future break down.

Next level of support, RM7.77 & RM7.62

However, if able break up the triangle upper line with huge volume, it might retest RM8.64 & RM8.98 resistant.

Let watch closely for entry opportunity.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Feb 2011: OSK (5053)

OSK HOLDINGS BERHAD

Observation from Chart:-

On 23 Feb 2011, OSK break down MA100, closed at RM1.72
On 24 Feb 2011, it future retrace down 4.7%, closed at RM1.64
Currently, MACD at negative region, may define as downtrend sign.

Next support would be RM1.56 & RM1.50
There is a strong support at RM1.53 (MA200)

However, if rebound, it may retest RM1.69 & RM1.72 resistant level.
Let watch closely for reversal candlestick.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Feb 2011: WCT (9679)

WCT BERHAD

Observation from Chart:-

As 22 Feb 2011, WCT retest RM3.00 psychology level OR around MA200 support level.

If future retrace down, next support would be RM2.94 & RM2.85 support level.

However, if rebound, it might retest RM3.18 & RM3.29 level.

At this moment, no reversal candelstick been formed. Added, MACD trade at negative region.

Let watch closely for entry opportunity...



Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Feb 2011: AIRASIA (5099)

AIRASIA BERHAD

Observation from Chart:

Since 25 jan 2011, AIRASIA is trading on side way within RM2.67 & RM2.86 range...

RM2.67 is current support level. RM2.86 is resistant level.

If able break up RM2.86 resistant, it might retest next level resistant, which is around RM3.04 level or historial high.

However, if break down RM2.67 level, next support level will be around RM2.56 or RM2.53 (MA100).

Let watch closely.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Feb 2011: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD

Observation From Chart:-

SUPERMAX seem like forming symmetrical triangle.

If able break up the triangle, it will retest RM4.82 resistant level & RM5.00 psychology level.

Most analysts will take a position once the price breaks through the top line of the triangle with increased volume.

As 18 Feb 2011, it closed above MA100 level.
Stochastic %K been trigger buy call on 17 Feb 2011.
MACD going bullish crossover & might trade above positive region soon.

What do you think?
Will it breaks through the top line?
Let watch closely.

Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Feb 2011: Zelan (2283)

Zelan Berhad

Observation from Chart:

ZELAN have been retrace down from RM0.63 till RM0.53 (-RM0.10 or -16%)

Historical, Zelan will form a bullish reversal around RM0.50 level so let wait for reversal candlestick been formed.

However, if future break down, next support level will be around RM0.45.
If rebound, it might retestRM0.565 level

Let watch closely for entry opportunity.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

High Dividend Stock III

For those who not familiar fundamental analysis OR technical analysis, high dividend payout stock might be their 1st choice of consideration.



Source: Gravitate Towards Fundamentals As Capital Flow Normalises

Technical Analysis Feb 2011: KKB (9466)

KKB ENGINEERING BERHAD

Observation from Chart:-

KKB currently trade at MA20 / Bolinger Middle Band support level which is around RM2.10

If rebound, it will retest RM2.25 resistant.

On 14 Feb, MACD indicator bullish crossover.

Added, Sarawak election theme might further boost up the share price.

Let watch closely for opportunity.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

KULIM Berhad Update

On 11/02/2011, KULIM announced Bonus issue + Share Split + Free Warrants date as below

EX-date : 24/02/2011
Entitlement date : 28/02/2011

In view of the ex-date is around the corner + KULIM currently at consolidate stage so it have the potential to break up Ascending Triangle Pattern before ex-date.

Predicted new high record will be create before ex-date.
Btw, how high will it go?
Let review earlier post on KULIM:-

1. Technical Analysis Feb 2011: KULIM (2003)

http://stocktalk-quah.blogspot.com/2011/02/technical-analysis-feb-2011-kulim-2003.html

2. KULIM (MALAYSIA) BERHAD : Bonus issue + Share Split + Free Warrants

http://stocktalk-quah.blogspot.com/2010/11/kulim-malaysia-berhad-bonus-issue-share.html


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Feb 2011: KNM (7164)

KNM GROUP BERHAD

Observation from Chart:-

KNM have been retrace down from RM3.23 high to RM2.88 level

Currently, it keep consolidate around this level & forming bolinger band squeeze.

Will it break up or break down?

If break up, it will retest RM3 & RM3.23 level

If break down, next support would be RM2.75 (MA50 support level)

Let watch closely.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Feb 2011: GENTING (3182)

GENTING BERHAD

Observation from Chart:-

GENTING have been retrace down from RM11.98 high.

As today 9 Feb 2011, it closed at RM10.40 level which is below MA100.

Next support would be RM10.34 & RM10 phicology level.

If rebound, RM10.62 & RM10.80 would be near term resistant level.

MACD indicator, already break down negative region.

Meantime, Stochastic %K NO trigger any buy call.

Let watch closely.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Feb 2011: YTLE (0009)

YTL E-SOLUTIONS BERHAD

Observation from Chart:-

Since Dec 2010, YTLE keep consolidate within RM1.15 & RM1.35

RM1.35 may define as strong resistant, it attempt 4X but unable break up & retrace down.
RM1.15 is current support level.

As today, YTLE close at RM1.25 (mid of RM1.35 & RM1.15)
Will it break up? OR retrace down to RM1.15 ?

Let watch closely.

Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Feb 2011: CMSB (2852)

CAHYA MATA SARAWAK BERHAD (2852)

Observation From Chart:-

CMSB seem like forming symmetrical triangle.

If able break up the triangle, it will retest RM2.95 & RM3.07 resistant level.
Most analysts will take a position once the price breaks through the top line of the triangle with increased volume.

However, if break down the bottom line of the triangle, it might be high risk. May consider cut loss & protect capital.

Let watch closely for entry opportunity.

Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Feb 2011: SALCON (8567)

SALCON BERHAD

Observation from Chart:-

SALCON retrace down from RM0.89 high to RM0.675 (-RM0.215)

Since 6 Dec 2010, it keep consolidate between RM0.675 & RM0.74

Once touching RM0.74, it will retrace down to RM0.675 level again and rebound to RM0.74.
RM0.675 may defince as support level & RM0.74 is strong resistant.

From MACD histogam, already turned GREEN color.
Both MACD line is going bulish crossover.

From RSI & Stochastic %K indicator, still at oversold stage.
Stochastic %K might trigger a buy call soon.

Let watch closely for entry opportunity.

Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Feb 2011: UEM LAND (5148)

UEM LAND HOLDINGS BERHAD

Observation from Chart:-

UEMLAND have been retrace down from RM3.30 high to RM2.65

On 1 Feb 2011, forming reversal candlestick.

On 2 Feb 2011, RSI & Stochastic %K indicator already trigger buy.

If able break up RM2.85 (MA20) resistant, it might retest RM3.30 level.

If future retrace down, next strong support level, RM2.58 (MA50) & RM2.38 (MA100)

Let watch closely.



Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Feb 2011: KULIM (2003)

KULIM (MALAYSIA) BERHAD

Observation From Chart:

KULIM is forming Ascending Triangle Pattern.

It current resistant is around RM13.70 & strong support level should be bottom line of the triangle.

This round it should re-test RM13.70 again & retrace down to triangle bottom line before break up RM13.70 level. Most analysts will take a position once the price breaks through the top line of the triangle with increased volume.

However, if break down the bottom line of the triangle, it might be high risk. May consider cut loss & protect capital.

Let watch closely for entry opportunity.



Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Feb 2011: TENAGA (5347)

TENAGA NASIONAL BHD

Observation from Chart:-

As 31 Jan 2011, TENAGA closed at RM6.15

It might retest next support, RM6.05 & technical rebound.

From RSI & Stochastic %K, it was oversold stage, technical rebound will in place anytime.

If rebound, it might retest resistant RM6.28, RM6.52

If the rebound strong enough, it might retest RM6.69 level.

Let watch closely for entry oppotunity.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!