Sunday, December 29, 2013

Technical Analysis Dec 2013: PARKSON (5657)

PARKSON HOLDINGS BERHAD
Observation from Chart:-

Since PARKSON break down RM3.69 support, it facing huge selling pressure & keep going down.

Will it consolidate sideway or technical rebound?

Other indicator:-
MACD at negative region, downtrend sign.
Stochastic %K still pending BUY call.

If rebound,
Immediate resistance @ MA20 level.
Subsequent resistance @ MA50 level

Let watch closely.

Sunday, December 22, 2013

Technical Analysis Dec 2013: PERISAI (0047)

PERISAI PETROLEUM TEKNOLOGI BHD

Observation from Chart:-

PERISAI forming higher high & higher low.

How high will it go?

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

If able breakout upper line resistance, momentum of another wave bull run is kick off.
Else, it might be consolidate side way or very limited bull energy.

If retrace down, immediate support @ MA20
Subsequent support @ MA50 level.

Let's watch closely.

Technical Analysis Dec 2013: WCT (9679)

WCT BERHAD
Observation from Chart:-

WCT retrace down from RM2.50 high & retest RM2.13 support level.

Will it technical rebound?

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

If break down RM2.13 support level, potential retest RM2.00 psychology support level.
If rebound, MA20 would be immediate resistance.
MA50 would be subsequent resistance.

Let watch closely...

Tuesday, December 17, 2013

Technical Analysis Dec 2013: WILLOW (0008)

WILLOWGLEN MSC BHD

Observation from Chart:

WILLOW (0008) forming descending triangle pattern.

Will it rebound from RM0.65 strong support level ?

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

If able breakout descending triangle, it might resume another wave of bull run.
Immediate resistance @ upper triangle line.
Subsequent resistance @ RM0.725 level.

Immediate support @ RM0.65 level.
Subsequent support @ MA50 / MA100 level.

Let's watch closely.

Monday, December 16, 2013

Technical Analysis Dec 2013: SKPETRO (5218)

SapuraKencana Petroleum Berhad (5218)

 Observation from Chart:

SKPETRO forming another new higher high.

Will it breakout RM5.00 psychology level ?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K already reach overbought stage.

It might need consolidation before able go up future.
Do need to watch out higher high & higher low for the continue uptrend.

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

Let's watch closely.

Wednesday, December 11, 2013

Technical Analysis Dec 2013: KKB (9466)

KKB ENGINEERING BHD

Observation from Chart

KKB (9466) rebound from MA50 support level.
How about this round, will it breakout RM2.78 resistance?

Other indicator:-
1. MACD trade at positive region, uptrend sign.
2. Stochastic %K on BUY call itinerary.
 
If retrace down,
Immediate support @ MA20 level
Subsequent support @ MA50 level.
 
If succeed breakout RM2.78 level, another higher high been confirm & another wave of bull run will kick off.

Let's watch closely.

Tuesday, December 10, 2013

Technical Analysis Dec 2013: MFLOUR (3662)

MALAYAN FLOUR MILLS BHD

Observation from Chart:-

MFLOUR (3662) formed higher low.

 How about higher high?

Other indicator:-
MACD trade at positive region, uptrend itinerary.
Stochastic %K trigger BUY call, pending confirmation.

Immediate resistance would be RM1.44 level.

Immediate support @ RM1.37 level.
Subsequent support @ MA20 / MA50 level.

Once higher high & higher low been confirm, it's an opportunity while retrace down retest support

Let's watch closely.

Sunday, December 8, 2013

Technical Analysis Dec 2013: TSH (9059)

TSH RESOURCES BERHAD

Observation from Chart:-

TSH (9059) formed higher low.

 How about higher high?

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

Crude Palm Oil Price succeed formed higher low & higher high.
High probably, TSH will follow the CPO trend & go higher.

Immediate resistance would be RM3.00 which is psychology resistance level.

Immediate support @ RM2.88 level.
Subsequent support @ MA20 level.

Once higher high & higher low been confirm, it's an opportunity while retrace down retest support

Let's watch closely.

Thursday, December 5, 2013

Technical Analysis Dec 2013: BENALEC (5190)



BENALEC HOLDINGS BERHAD

Observation from Chart:-

BENALEC technical rebound from RM0.86 to RM1.00 psychology level.

Will it consolidate before go higher furthermore?

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

Immediate resistance @ RM1.00 level.
Strong resistance @ MA20 level.

Immediate support @ RM0.86 level. 

After consolidate, if able formed higher low, it's an opportunity, it may turn uptrend.
Else, it might formed lower high & lower low, downtrend will resume..

Let's watch closely.

Wednesday, December 4, 2013

Technical Analysis Dec 2013: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD

Observation From Chart:-

SUPERMX forming ascending triangle pattern?

Will it breakout RM2.80 strong resistance?

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

Immediate resistance @ RM2.80 level.

Immediate support @ MA20 level, which is ascending triangle support level.

Do watch out H7N9, will it kick off the bull run for glove sector?
http://online.wsj.com/news/articles/SB10001424052702304854804579234821146456060

Let's watch closely

Monday, December 2, 2013

Technical Analysis Dec 2013: DRBHCOM (1619)

DRB-HICOM BERHAD

Observation from Chart:-

DRBHCOM succeed breakout downtrend resistance.

How high will it go?

Other indictor:-
MACD moving toward positive region, uptrend sign.
Stochastic %K on BUY call itinerary.

Immediate resistance @ RM2.74
Subsequent resistance @ RM2.88

If retrace down,
Immediate support would be RM2.66 level.
Subsequent support @ MA100 level.

Let's watch closely.

Sunday, December 1, 2013

Technical Analysis Dec 2013: POS (4634)

POS MALAYSIA BHD (4634)

Observation From Chart:

POS succeed break out RM5.80 resistance.

How about RM6.00 psychology resistance?

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

Immediate resistant RM6.00 level.

Immediate support RM5.80 level.
Subsequent support would be MA20 / MA50 level.

Since higher high & higher low been confirmed, uptrend will be resume.

Let's watch closely.