Technical Analysis June 2011: GENM (4715)

GENTING MALAYSIA BERHAD

Observation from Chart:-

GENM is forming descending triangle.

As today, 30 June 2011 GENM is retest upper line of triangle.

Will it break through upper line triangle?

MACD bullish touching, pending crossover.
Stochastic %K been trigger buy call last two day.

Most people enter into long positions when the price breaks above the upper line resistance
Once the breakdown occurs, most people will enter into short positions.

Meantime, strong support level around RM3.51

Let watch closely...




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

Technical Analysis June 2011: E&O (3417)

EASTERN & ORIENTAL BERHAD

Observation From Chart:

29 June 2011, E&O is retest RM1.66 resistant.

Will it break through this level? Or retrace down, retest the support?

MACD is bullish crossover.
Stochastics %K NO trigger any sell call.

High potential it will break through the resistant & create higher high.

However, if retrace down, it might retest RM1.50 support which is MA50 support level.
Subsequent support is around RM1.47 level.

Let watch closely for entry opportunity.




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

Technical Analysis June 2011: FITTERS (9318)

FITTERS DIVERSIFIED BERHAD

Observation From Chart:

FITTERS bull run was start on end of March.

It create higher high & higher low & achieved RM1.15 high level.

Currently, it form a support at RM0.99 level & forming bolinger band squeeze.

However, it was trade below bolinger middle band & MA50.

If break down RM0.99 support, strong support level would be MA100 which is around RM0.925 level.

Let watch closely.



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

Technical Analysis June 2011: 3A (0012)

Three-A Resources Berhad (3A)

Observation From Chart:

3A retrace down to RM1.41 level & successfully rebound.

Due to MACD still at negative region, so it is a down trend stock.

Current strong resistant would be RM1.55 level or around MA50 & MA100 level.

However, RM1.41 is strong support level.

Let watch closely.




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

Technical Analysis June 2011: KULIM (2003)

KULIM (MALAYSIA) BERHAD

Observation From Chart:

After KULIM attempt 2X RM3.70 unable break through. KULIM is retrace to bolinger middle band.

RM3.42 is strong support level, which are also MA50 & MA100 support level.

If able break through RM3.70 level, next resistant would be RM3.97 or RM4 physiology level.

Let watch closely.




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

Technical Analysis June 2011: GLOMAC (5020)

GLOMAC BERHAD

Observation from Chart:-

GLOMAC currently trade at resistant level, RM1.82.

If able break through RM1.82, next resistant would be RM1.94 level.

However, if retrace down MA50 / MA100 is strong support level.

Let watch closely...



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

Technical Analysis June 2011: KPJ (5878)

KPJ HEALTHCARE BERHAD

Observation from Chart:-

After break through RM4.00 physiology level, KPJ start the bull run.
Now, KPJ already overbought stage due to non stop bull run.

Stochastic %K indicator been trigger sell call.

Current resistant is RM4.72 level.
It should retrace down to bolinger middle band or RM4.38 level & rebound.

Let watch closely for entry opportunity...



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

Technical Analysis June 2011: RAMUNIA (7206)

RAMUNIA HOLDINGS BERHAD

Observation from Chart:-

21 June 2011, Ramunia retest RM0.45 support level.

Is that forming double bottom at RM0.45 level? Will it rebound?

Last round (March 2011) forming double bottom at MA100 support level & rebound.

3 main consideration factor before entry:-
1. Quarterly result been announced today. BUT, revenue, profit & earning per share were drop a lot.
2. NO reversal candlestick been formed at double bottom.
3. MACD trade at negative region & going bearish crossover.

Will it further retrace down forming lower high, lower low?

Next support level, RM0.42, RM0.40

Let watch closely for entry opportunity...





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

Technical Analysis June 2011: MFLOUR (3662)

MALAYAN FLOUR MILLS BERHAD

Observation from Chart:-

MFLOUR (3662) have been retrace from RM8.50 to RM7.04

Technically, it will further retrace down to retest RM6.87 support level (RM1.63 or -19.2%)

From the RSI & Stochastic %K indicator, MFLOUR at oversold stage now.

Once reversal candlestick been form, it is time to entry.

Subsequent strong support would be MA50 support level or RM6.45 level.

Let watch closely for the rebound.




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

Technical Analysis June 2011: Axiata (6888)

AXIATA GROUP BERHAD

Observation from Chart:-

On 17 June, AXIATA (6888) is break through heavy resistant, RM4.95 level.

It formed higher high & higher low.
MACD indicator at positive region
Added, Stochastic %K NO trigger sell call.

If retraced down, most probably will retest RM4.95 support level.
Subsequent support would be bolinger middle band, RM4.85 level.

Let watch closely.




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

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Will BJTOTO break through RM4.50 level?

BERJAYA SPORTS TOTO BERHAD

Observation from chart:

On 16 June 2011, BJTOTO retest RM4.50 resistant level, will it break through?

Let recall & review the RM4.50 history:-

On April & May 2010, attempt RM4.50 due to Malaysia Sport Betting Licence news.
On Jan 2011, attempt RM4.50 due to Privative / take-over news.
How about this round, June 2011? What's the news & root cause behind this bull run?

BJTOTO will announce quarterly financial result soon.

Is that due to positive quarter financial results or something great news yet to announce?

No matter trader or investor also eyes on their quarter result especially dividend payout.

Let watch closely.




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

Technical Analysis June 2011: TOPGLOVE (7113)

TOP GLOVE CORPORATION BERHAD

Observation from chart:

Since 20 May 2011, TOPGLOVE trade above MA100 support level.

It do forming bolinger band squeeze which trade within RM5.00 to RM5.40 level.

RM5.40 may define as strong resistant level (Attempt 3X but unable break through)

How about this round? Will it break through OR further consolidate?

It will rely on third quarter financial results for the period ended 31 May 2011 which will be announce on Friday, 17 June 2011

Let watch closely...




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

Technical Analysis June 2011: MRCB (1651)

MALAYSIAN RESOURCES CORP BHD

Observation from Chart:

MRCB seem like forming symmetrical triangle.

Today, 15 June 2011 the price breaks through the top line of the triangle with increased volume.

How high will it go?

Potential breakout target:-
RM2.49 (break up)

Let watch closely...




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

Technical Analysis June 2011: MUHIBAH (5703)

MUHIBBAH ENGINEERING (M) BHD

Observation from Chart:

As today, 15 June, MUHIBAH retest RM1.90 high.

Will it break up this resistant level? Or retrace down?

If retrace down, it might retest RM1.75 support level which is bolinger middle band.

However, if able break up RM1.90 level, next resistant is RM2.00 psychology resistant level.

Let watch closely for the opportunity...




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

Technical Analysis June 2011: BJTOTO (1562)

BERJAYA SPORTS TOTO BERHAD

Observation from Chart:-

BJTOTO is forming Ascending Triangle Pattern.

It current resistant is around RM4.32 level.
It strong support level should be bottom line of the triangle

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

It do forming symmetrical triangle on MACD line.

Estimate this few days, BJTOTO will announce their quarterly report.
Will it break up RM4.32 level? It rely on coming BJTOTO quarterly result + dividend.

Let watch closely...

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

Fundamental + Technical Analysis: HIRO (9644)

Hirotako Holdings Berhad (HHB)

The principal business of HHB is investment holding and the provision of management services. Its subsidiary companies are mainly involved in the manufacture and sale of automotive safety belts, airbag modules, steering wheels, noise and heat reduction materials, custom moulded composite parts as well as insulator parts for the motor vehicle industry.

Historical Capital Changes:-


Multiple Proposals:-
I. PROPOSED SHARE SPLIT
II. PROPOSED BONUS ISSUE



Observation from Chart:-




HIRO seem like forming symmetrical triangle.

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

If breakout the triangle line: Potential breakout target:-
RM2.29 (break up) & RM1.69 (break down)

Since 1 June 2011, HIRO start perform Shares Buy Back:-



Other indicator:-
1. Volume is increased
2. Pending MACD bullish crossover.

Let watch closely for entry opportunity.


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

Technical Analysis June 2011: IJM (3336)

IJM CORPORATION BERHAD

Observation from Chart:-

IJM seem like forming symmetrical triangle.

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

If breakout the triangle line: Potential breakout target:-
RM7.25 (break up) & RM5.13 (break down)

Let watch closely.


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

Technical Analysis June 2011: SUPPORT (7131)

SUPPORTIVE INTERNATIONAL HOLDINGS BERHAD

Observation from Chart:-

SUPPORT have been retrace down from RM2.55 high to RM1.00 (-60.3%)

After consolidate & trade at side way in 5months duration, forming bolinger band squeeze.
On 10 June, it break up the bolinger band squeeze with huge volume.

How far will it rebound? Will it hugging bolinger upper band rebound higher?

RM1.15 is current resistant level.

Around end of June, it will announce the quarterly result.
If above expectation, the rebound might be continue.
If below expectation, it might further retraced down to RM1 support level or lower level.

Let watch closely.


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

Technical Analysis June 2011: US Market Outlook

Dow Jones Industrial Average
NYSE, New York Stock Exchange

Observation From Chart:

Since Sept 2010, Down Jones & NYSE break up MA200, it never retrace down to retest this level.
It do alway trade above MACD positive region.
So, we may see a 8 months bull run.

This round, it already break below MA100 support level.
As 10 June 2011, no reversal sign been formed.

Will it future break down MA200 support level?

Short term outlook:
1. Formed Head And Shoulders Pattern
2. MACD trade at negative region, it is a downtrend sign.

However, there should be a technical rebound soon.

Let watch closely for entry opportunity.

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

Technical Analysis June 2011: CIMB (1023)

CIMB GROUP HOLDINGS BERHAD

Observation From Chart:

Since 8 June till 10 June 2011, CIMB retest RM8.41 strong resistant level.

Before this, it have been attempted a few round unable break up this level BUT retrace down.

How about this round? Will it able break above this level?

If able break up this level with huge volume, it might be retest around RM8.72 level.

However, if retrace down, current strong support at MA50 support level.

Let watch closely for entry opportunity.

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

Technical Analysis June 2011: KENCANA (5122)

KENCANA PETROLEUM BERHAD

Observation from Chart:-

KENCANA (5122) is forming Ascending Triangle Pattern.

It current resistant is around RM2.88 level.
It strong support level should be bottom line of the triangle or MA50 support 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.


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

Technical Analysis June 2011: GPACKET (0082)

GREEN PACKET BERHAD

Observation from Chart:-

GPACKET (0082) is forming Ascending Triangle Pattern.

It current resistant is around RM0.755 level.
It strong support level should be bottom line of the triangle

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.


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

Technical Analysis June 2011: GENTING (3182)

GENTING BERHAD

Observation from Chart:-

GENTING is forming decending triangle.

RM10.90 is current strong support level.
Everytime retrace down to RM10.90 level, it will rebound.

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

However, if break down RM10.90 level, it might be high risk.
It will forming lower high & lower low, which is downtrend.

Let watch closely.


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

Technical Analysis June 2011: DRBHCOM (1619)

DRB-HICOM BERHAD

Observation from Chart:-

DRBHCOM seem like forming symmetrical triangle.

If able break up the triangle, it will create higher high, uptrend will be continue.

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

If it breakout the triangle line: Potential breakout target:-
RM2.68 (break up) & RM1.84 (break down)

Let watch closely.


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

Technical Analysis June 2011: QL (7084)

QL RESOURCES BERHAD

Observation from Chart:-

QL was retrace down from RM3.50 to RM3.18 level (-RM0.32 or 9.1%).

On 6 June 2011, QL is trigger a buy call.

Today, QL retest the RM3.30 resistant level.

Will this rebound able break through RM3.30 resistant?

If the rebound strong, it might able break up RM3.30 with huge volume then most probably will retest next level resistant, which is RM3.50 level.

However, if retrace down, it might retest RM3.12 which is MA100 support level.

Let watch closely...

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

Technical Analysis June 2011: BSTEAD (2771)

BOUSTEAD HOLDINGS BERHAD

Observation From Chart:

BSTEAD is forming Ascending Triangle Pattern.

It current resistant is around RM6.00 or so call psychology level.
It strong support level should be bottom line of the triangle.

Since BSTEAD retrace down retest triangle bottom line, the rebound from RM5.60 till RM5.85 level were "hugging" bottom line of triangle.

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 June 2011: MITRA (9571)

MITRAJAYA HOLDINGS BERHAD

Observation From Chart:

MITRA is forming Ascending Triangle Pattern.

It current resistant is around RM2.50 & strong support level should be bottom line of the triangle or MA50 support level.

It already retrace down to retest triangle bottom line & now trade at side way.
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 June 2011: HWGB (9601)

HO WAH GENTING BERHAD

Observation from Chart:

HWGB retrace down from RM0.60 to RM0.40 (-RM0.20 or 33.1%)

3 June 2011, it have been formed reversal candlestick pattern.

MACD been trade at negative region, in near term HWGB is downtrend stock.

However, Stochastic %K at oversold stage, it may trigger a buy call soon.

There will be a technical rebound & RM0.515 is current resistant.

If further break down, next support around RM0.31 level.

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 June 2011: SPSETIA (8664)

S P SETIA BERHAD

Observation from Chart:-

SPSETIA found a strong support at MA100 level.

Seem like SPSETIA been break up bolinger band squeeze, will retest RM4.57 resistant level soon.

However, Stochastic %K NO trigger any sell call.
Added, 1 June 2011 MACD bullish crossoover been formed.

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 June 2011: SAPCRES (8575)

SAPURACREST PETROLEUM BERHAD

Observation from Chart:-

On 1 June 2011, SAPCRES have been retest RM3.95 high.

Will it retrace down or break up RM3.95 resistant?

If able break up RM3.95 resistant with huge volume, it might be a good entry opportunity.

However, if retrace down, RM3.75 is current strong support level (MA50 support level).

Next level of support, RM3.63 (MA50 support level)

Let watch closely for entry opportunity.


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