Technical Analysis Feb 2014: AEON (6599)

AEON CO. (M) BHD

Observation from Chart:-

After proposed BONUS ISSUE & SHARE SPLIT, AEON (6599) gapped up from RM13.48 to RM14.20

Will it breakout RM14.45 resistance & go higher?

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

Immediate support @ MA20 / MA50 level, which is around RM13.40
Subsequent support @ RM11.80 level.
Immediate resistance @ MA100 level, which is around RM14.45
Subsequent resistance @ MA200 level, which is around RM15.00

On 27 Feb, AEON proposed:-
(I)  BONUS ISSUE
(II) SHARE SPLIT
For more details, pls check out @ Bursa Malaysia website.

Based on pass history, either BONUS ISSUE or SHARE SPLIT theme do make respective counter kickoff their bull run...
Example: WELLCAL (7231), DSONIC (5216), GDEX (0078)

Let watch closely AEON (6599)
.

Technical Analysis Feb 2014: MRCB (1651)

MALAYSIAN RESOURCES CORP BHD

Observation from Chart:

MRCB forming ascending triangle pattern.

Will it breakout the resistance?

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

Immediate resistance @ RM1.58 level.
Subsequent resistance @ RM1.65 level.

Immediate support @ MA20 level.
Subsequent support @ MA200 level.
Q4 result will be announce next few days.

Let's watch closely.

Technical Analysis Feb 2014: YTLREIT (5109)

YTL HOSPITALITY REIT

Observation from Chart:-

YTLREIT (5109) break RM1.00 support level.

What's next support?

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

Immediate support @ RM0.945 level.
Subsequent support @ RM0.92 level

Immediate resistance @ MA20 level.
Subsequent resistance @ MA50 level, which is RM1.00 psychology level.

Let's watch closely for technical rebound.

Technical Analysis Feb 2014: THHEAVY (7206)

TH HEAVY ENGINEERING BERHAD

Observation from Chart:-

THHEAVY (7206) succeed breakout RM0.965 strong resistance.

How high will it go?

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

Since it already break through RM0.965 level, uptrend is confirm. (higher high + higher low)

It's an opportuniry if retest support.
Immediate support @ RM0.965 level.
Subsequent support @ MA20 level.

Let's watch closely.

Technical Analysis Feb 2014: HAIO (7668)

HAI-O ENTERPRISE BERHAD

Observation From Chart:

HAIO retrace down to RM2.35 support level?

Will it rebound?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K oversold stage, pending buy call.

Immediate resistance @ RM2.46 level.
Subsequent resistance @ RM2.50 level.

Immediate support @ RM2.35 level.
Subsequent support @ RM2.30 level.

Let's watch closely for technical rebound
.

Technical Analysis Feb 2014: GHLSYS (0021)

GHL SYSTEMS BHD

Observation from Chart:-

GHLSYS forming descending triangle pattern.

Will it retest RM0.675 again ? Or break out the resistance?

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

Immediate support @ MA20 / MA50 level.
Subsequent support @ RM0.675 level.

Immediate resistance @ upper triangle level.
If able breakout upper triangle, higher high been confirm, it might be resume bull run.

Let's watch closely.

Technical Analysis Feb 2014: PADINI (7052)

PADINI HOLDINGS BHD

Observation from Chart:-

PADINI retest RM1.585 support level.

Will it rebound ? Or break the support level?

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

Immediate support @ RM1.585 level.
Once it break the strong support, it might be high selling pressure.

Immediate resistance @ MA20 level.
Subsequent resistance @ MA50 level.

Let's watch closely.

Technical Analysis Feb 2014: L&G (3174)

LAND & GENERAL BHD (3174)

Observation from Chart:-

L&G (3174)  retest RM0.48 resistance level again.

How about this round? Will it breakout the resistance? 

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

If retrace down, MA20 would be immediate support.
 Strong support @ RM0.43 level.

Once breakout RM0.48, another new high record been formed, we may drive through the trend.
Do watch out reversal sign & take profit.

Let's watch closely.

Technical Analysis Feb 2014: BARAKAH (7251)

BARAKAH OFFSHORE PETROLEUM BHD (7251)

Observation from Chart:- 

BARAKAH (7251)  succeed breakout ascending triangle resistance.
How high will it go?

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

It's new high record, no resistance.
If there is good news, potential boost the bullish sentiment to another high record.

If retrace down,
Immediate support @ RM1.78 level.
Subsequent support @ MA20, which is around RM1.73 level.

Let's watch closely

Technical Analysis Feb 2014: MYEG (0138)

MY E.G. SERVICES BERHAD

Observation from Chart:-

MYEG rebound from RM2.65 support level.

Will it retest RM3.00 psychology level?

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

Immediate support @ MA20, which is around RM2.82 level.
Subsequent support @ MA50, which is around RM2.65 level.

Immediate resistance would be RM3.03 level.

Around end of February, MYEG will announce their Q2 result.

Let's watch closely

Technical Analysis Feb 2014: HUNZPTY (5018)

HUNZA PROPERTIES BHD (5018)

Observation From Chart:-

HUNZPTY retrace down from RM2.30 high...

How low will it go?

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

Immediate resistance @ MA20 level, around RM2.00
Subsequent resistance @ MA200 level, around RM2.05

Immediate support @ RM1.84 level
Subsequent support @ RM1.76 level.

Let's watch closely

Technical Analysis Feb 2014: WILLOW (0008)

WILLOWGLEN MSC BHD

Observation from Chart

WILLOW (0008) rebound from RM0.67 support level.

Will it break through MA20 resistance level & go higher?

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

Immediate resistance @ MA20 level, which is RM0.715.
Subsequent resistance @ RM0.73 level.

Immediate support @ MA50 level, which is RM0.68
Subsequent support @ RM0.67 level.

Do watch out upcoming Q4 result which will announce around end of February
Based on pass history, WILLOW do declared handsome dividend, how about this round?

Let's watch closely.

Technical Analysis Feb 2014: UOADEV (5200)

UOA DEVELOPMENT BHD

Observation from chart:-

UOADEV retrace down from RM2.40 to RM1.80 (-RM0.60 or 25%)

Will RM1.80 strong support level ?

Other indicator:-

MACD trading @ negative region, downtrend sign.
Stochastic %K trigger BUY call.

Immediate resistance @ MA20 level.
Subsequent resistance @ MA50 level.

Immediate support @ RM1.80 level.
Subsequent support @ RM1.70 level.
If break down RM1.80 support, another new low record been form, it might be facing selling pressure.

Let's watch closely.

Technical Analysis Jan 2014: ECOWLD (8206)

ECO WORLD DEVELOPMENT GROUP BERHAD (8206)

Observation From Chart:- 

ECOWLD forming ascending triangle pattern?

Will it breakout & go higher high?

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

Immediate resistance @ RM4.57 level.

Immediate support @ MA20 level
Subsequent support @ MA50 level.

 Let's watch closely