Tuesday, June 25, 2013

Technical Analysis Jun 2013: YTLPOWR (6742)

YTL POWER INTERNATIONAL BHD

Observation from Chart:-

YTLPOWER retest MA200 level.

Will it break through the resistance?

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

Immediate resistance @ MA200 level
Immediate support @ MA20 / MA50 level.

It would be an opportunity, if able form a reversal @ support level.

Do watch out, potential distribution of Treasury Shares as Dividend.
Cumulative net outstanding treasury shares as at to-date (25/6/2013): 233,221,745 units

Let's watch closely.

Sunday, June 9, 2013

Technical Analysis June 2013: PUNCAK (6807)

 
PUNCAK NIAGA HOLDINGS BHD '

Observation from Chart:-

PUNCAK (6807) forming ascending triangle pattern.

Will it break through the resistance, RM1.93?

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

High possibility will retest RM1.93 soon.
If the momentum is positive, it will break through the resistance & go higher high.

Immediate resistance @ RM1.93 level.
Subsequent resistance @ RM2.25 level.

Immediate support @ MA20 level.
Strong support @ triangle lower band.

Let's watch closely.

Friday, June 7, 2013

Technical Analysis June 2013: MHB (5186)

MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD

Observation from Chart:-

MHB retrace down from strong technical rebound.

Will it forming double bottom?

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

Immediate support @ RM3.17 level.
Potential retest this level & forming double bottom before rebound.
Or at least it must forming higher low & higher high, in order to conclude up
trend sign.

Let watch closely.

Sunday, June 2, 2013

Technical Analysis June 2013: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD

Observation From Chart:-

SUPERMAX succeed break through descending triangle.

How high will it go?

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

Immediate resistance @ RM2.10 level.
Subsequent resistance @ RM2.20 level.

Immediate support @ MA20 / MA50 level.
Subsequent support @ MA100 level.

Let's watch closely