Technical Analysis July 2011: MRCB (1651)

MALAYSIAN RESOURCES CORP BHD

Observation from Chart:

MRCB already break through RM2.35 strong resistant.

How high will it go?

If you refer June 2011 analysis approach, estimate profit target @ RM2.49

If retrace down, RM2.35 would be current strong support level.

Subsequent support at RM2.25 level.

Let watch closely...



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

Fundamental & Technical Analysis July 2011: GENM (4715)

GENTING MALAYSIA BERHAD

Observation from Chart:-

GENM is trading above MA50 / MA100 support level.

On 29 July 2011, GENM retest MA50 support level again.
Will it rebound?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K not yet trigger buy call.



Above snapshot from RHB, Downdraft Fear Recovery Building Momentum RHB2H presentation slide.

In view of positive news flow on GENM, it might be rebound from current support level if market sentiment is positive.

Let watch closely...

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

Technical Analysis July 2011: YTLPOWR (6742)

YTL POWER INTERNATIONAL BHD

Observation from Chart:-

Since Dec 2010, YTLPOWR already start downtrend.

The rebound unable pull the MACD to positive region BUT keep forming lower low & lower high.

As today 29 July 2011, NO reversal candlestick been formed.

Most probably, it will further retrace down & retest RM1.86 support level.

Other indicator:-
MACD indicator remain at negative region, downtrend sign.
RSI & Stochastic %K already oversold stage, pending trigger buy call.

A technical rebound should be form at 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 July 2011: PCHEM (5183)

PETRONAS CHEMICALS GROUP BERHAD

Observation from Chart:-

PCHEM formed dogi candlestick on 26 July.

As today, no rebound BUT further retrace down.
What's next support level?

RM6.85 is current support & RM7.23 is current resistant level.

Other indicator:-
No reversal candlestick been formed.
MACD bearish crossover & moving toward negative region.
RSI & Stochastic %K at oversold stage.

Suspected technical rebound will be in place soon.
Let watch closely for technical rebound.



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

Technical Analysis July 2011: KULIM (2003)

KULIM (MALAYSIA) BERHAD

Observation From Chart:

After consolidate & forming bolinger band squeeze, 27 July 2011, KULIM is break through RM3.70 resistant with huge volume.

Subsequent resistant would be RM3.98 or RM4 physiology level.

Other indicator:-
MACD bullish crossover, moving toward positive region.
Stochastic %K no trigger sell call yet.

However, if retrace down, it might retest MA50 support level.

Let watch closely.


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

Technical Analysis July 2011: CIMB (1023)

CIMB GROUP HOLDINGS BERHAD

Observation From Chart:

CIMB have been retrace down from RM9.00

On 26 July 2011, CIMB retest MA100 support level, which is RM8.35

Will it rebound?

Other indicator:-
1. MACD start moving toward negative region, it might start downtrend.
2. NO reversal candlestick been formed.
3. RSI & Stochastics %K at oversold stage, no trigger buy call yet.

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 July 2011: YTL (4677)

YTL CORPORATION BERHAD

Observation from Chart:-

YTL retest RM1.55 strong support level a few round & keep consolidate at this level.

Unfortunately, market sentiment turned negative & YTL no positive news flow.

Finally, it break down the support level as well as MA100 support.

Subsequent support level around RM1.40 & RM1.37 level.

Other indicator:-
MACD indicator move toward negative region, downtrend sign.
Stochastic %K no trigger buy call yet.

A technical rebound should be form at 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 July 2011: KPJ (5878)

KPJ HEALTHCARE BERHAD

Observation from Chart:-

19 July 2011, KPJ formed doji candlestick pattern. (reversal pattern)
Next day, buying volume is above average.

KPJ should be retest RM4.68 level soon.
Will it break through this strong resistant?

Other indicator:
MACD at positive region, uptrend sign BUT pending bullish crossover.
Stochastic %K indicator NO trigger sell call yet.

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 July 2011: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD

Observation From Chart:-

SUPERMAX seem like forming symmetrical triangle.

Will it break through upper line of triangle or lower line of triangle?

Other indicator:-
MACD still at negative region BUT is forming ascending triangle on MACD indicator.
Stochastic %K NO trigger sell call yet.

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 July 2011: OSK (5053)

OSK HOLDINGS BERHAD

Observation from Chart:-

On 19 July 2011, OSK retest RM1.51 support level.

Seem like forming double bottom, but pending confirmation.

Current strong resistant RM1.60 (MA50), RM1.64 (MA100) & RM1.68 (MA200)

Other indicator:-
MACD at negative region but bullish crossover been formed.
Stochastic %K do trigger a buy call.

Let watch closely for rebound.


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

Technical Analysis July 2011: GENTING (3182)

GENTING BERHAD

Observation from Chart:-

20 July 2011, GENTING is retest current support level RM10.40.

Will it rebound or further retrace down?

Other indicator:-
1. NO reversal candlestick been formed.
2. Break through MA200 support level.
3. MACD move to negative region.
4. Stochastic %K NO trigger any buy call.

High probably, GENTING will retest RM10.00 psychology level.

If break down RM10 psychology level, subsequent support level which is RM9.50 level.

Let watch closely.


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

Technical Analysis July 2011: BSTEAD (2771)

BOUSTEAD HOLDINGS BERHAD

Observation From Chart:

BSTEAD have been retrace down from RM6.43 to RM5.80 (- RM0.63)

On 19 July 2011, BSTEAD formed a doji at MA100 support level.

Will it rebound?
If YES, it will retest RM5.96 resistant level.

Other indicator:-
MACD retrace dwon to negative region, downtrend sign.
Stochastic %K trigger a buy call BUT pending confirmation.

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 July 2011: DIALOG (7277)

DIALOG GROUP BERHAD

Observation from Chart:-

As today, 18 July 2011 DIALOG retest MA100 support level.

Will it rebound or break through the support?

Other indicator:-
1. MACD already retrace down to negative region, it start downtrend sign.
2. Stochastic %K no trigger buy call yet.

However, subsequent support at RM2.34 level.

Let watch closely...


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

Technical Analysis July 2011: LANDMRK (1643)

LANDMARKS BERHAD

Observation from Chart:-

LANDMRK forming symmetrical triangle sign.

It current resistant should be top line of the triangle.

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

If break down the strong support which is bottom line of triangle, it might be high risk.

Subsequent support at RM1.30 level.

Other indicator:-
MACD at negative region, downtrend sign.
Stochastics %K trigger buy call, pending confirmation.

Let watch closely.

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

Technical Analysis July 2011: NAIM (5073)

NAIM HOLDINGS BERHAD

Observation from Chart:-

NAIM have been retrace from 52WW high RM3.84 to RM2.34 level. ( -RM1.50 or -39%)

Currently, it is keep consolidate & formed a strong base at RM2.34 level.

If there is reversal candlestick been form, it might be an opportunity to entry.

However, if future break through of strong base, next support would be RM2.13 level.

Other indicator:-
MACD at negative region, downtrend sign.
Stochastics %K no trigger for buy call yet.

Let watch closely.



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

Technical Analysis July 2011: UEM LAND (5148)

UEM LAND HOLDINGS BERHAD

Observation from Chart:-

On July 15, 2011 UEMLAND retest RM2.66 support level.

Will it rebound or further retrace down?

MACD already turned into negative region, downtrend sign.
Stochastic %K no trigger buy call.

High probably will retrace down retest MA200 support level, which is around RM2.63 level.

Let watch closely for reversal candlestick.



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

Technical Analysis July 2011: WTK (4243)

WTK HOLDINGS BERHAD

Observation from Chart:-

WTK (4243) is forming Descending Triangle Pattern.

It current resistant should be top line of the triangle.

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

If break down the strong support RM1.78 or MA100 level, it might be high risk.

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 July 2011: TENAGA (5347)

TENAGA NASIONAL BHD

Observation from Chart:-

12 July 2011,TENAGA retest RM6.65 support.

If able rebound, it might retest RM6.80 resistant level.

However, if further retrace down, subsequent support at RM6.58 level or MA50 level.

Other indicator:-
MACD trade at positive region, it is uptrend sign.
Stochastics %K already trigger buy call, pending confirmation.

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 July 2011: QL (7084)

QL RESOURCES BERHAD

Observation from Chart:-

11 July 2011, QL retest MA100 support level again.

Will it rebound? Or break through the support?

MACD at negative region, it is on downtrend sign.
Added, pending bearish crossover.

Stochastic %K been trigger sell call on 8 July 2011.

So, the rebound % is quite low & most probably is break through MA100 support.

However, RM3.10 might be the next support level.

Let watch closely...



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

Technical Analysis July 2011: MMODE (0059)

M-Mode Berhad

Observation from Chart:-

On 11 July 2011, MMODE successful break up bolinger band squueze with huge volume.

How high will it go?

If MMODE able break through RM0.265 resistant, it is a good entry opportunity.

RM0.225 is current support level.

Subsequent support level @ MA50 level.

Other indicator:-
MACD at positive region & formed bullish crossover.
Stochastic %K no trigger sell call.

Let watch closely.


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

Technical Analysis July 2011: MUDAJAYA (5085)

MUDAJAYA GROUP BERHAD

Observation from Chart:-

MUDAJAYA forming descending triangle.

Will it break through upper line triangle or retrace down retest support?

If able break through upper triangle line with huge volume, thats a good entry opportunity.

However, it might retrace down to retest strong support level which is RM4.47 / RM4.43.

Once the breakdown strong support occurs, most people will enter into short positions.

Other indicator:-
MACD still at negative region, downtrend stock.
Stochastic %K already trigger sell call.

Let watch closely.



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

Technical Analysis July 2011: BJCORP (3395)

BERJAYA CORPORATION BERHAD

Observation from Chart:-

Seem like BJCORP facing resistant around RM1.26 level.

Will it break through RM1.26 or retrace down?

If BJCORP able break through RM1.26 with huge volume, thats a good entry opportunity.

It might retrace down to retest lower line triangle support level.

Once the breakdown occurs, most people will enter into short positions.

Other indicator:-
MACD still at positive region, uptrend stock.
Stochastic %K not yet trigger sell call.

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 July 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.

If break down the bottom line of the triangle, it might be high risk.
Btw, still can look for MA100 support level, rebound opportunity.

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 July 2011: DRBHCOM (1619)

DRB-HICOM BERHAD

Observation from Chart:-

DRBHCOM seem like forming descending 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.

Strong support at MA100 which is around RM2.19 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 July 2011: IGB (1597)

IGB CORPORATION BERHAD

Observation from Chart:-

Since March 2011, IGB been trade on side way, it keep consolidate within RM2.11 & RM2.18 range.

From the chart, it is very obvious that forming bolinger band squeeze.

Will it break up or break down???

If able break up bolinger band, it is a good opportunity to entry. It will retest RM2.32 level.
However, if break down the bolinger band, next support would be RM2.08 which is MA200 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 July 2011: MITRA (9571)

MITRAJAYA HOLDINGS BERHAD

Observation From Chart:

MITRA retrace down from RM0.84 to RM0.605 (-RM0.215 or -26.1%)
As today, 4 July 2011, MITRA already oversold stage.

RM0.57 is current support level.
Subsequent strong support level RM0.545 which MA200 support level.

MACD retrace down to negative region.
RSI & Stochastic %K already at oversold stage.

Let watch closely for reversal candlestick (technical rebound).


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

Technical Analysis July 2011: MAHSING (8583)

MAH SING GROUP BERHAD

Observation from Chart:-

MAHSING 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.

Potential breakout target:-
RM3.16 (break up)
RM2.11 (break down)

Stochastic %K been trigger SELL call on 30 June 2011.
MACD histogram in RED color, pending bearish crossover.

Let watch closely...

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

Technical Analysis July 2011: Gamuda Berhad (5398)

Gamuda Berhad (5398)

Observation from Chart:

On 1 July 2011, Gamuda retest RM3.95 resistant level.

Will it break through this level?

If YES, it might retest next resistant, RM4.25 soon.

However, if retrace down, it might retest MA100 or bolinger middle band RM3.75 level.

Subsequent support at RM3.61 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 July 2011: MAGNA (7617)

MAGNA PRIMA BERHAD

Observation from Chart:-

As today, 1 July 2011 MAGNA (7617) already overbought stage.

It keep trying break through the resistant, RM1.04 level BUT unsuccessful.

MACD histogram turned into RED color.
Stochastic %K been trigger SELL call yesterday.

Most probably it will retrace down & retest RM0.96 support level.
Meantime, strong support level around RM0.92

Let watch closely...




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