Technical Analysis Oct 2014: SKPETRO (5218)

SapuraKencana Petroleum Berhad (5218) 

Observation from Chart:

SKPETRO (5218) retrace down from technical rebound.

Will it form double bottom @ RM3.15 level ?

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

High probably will retest RM3.15 support level.
Do need to watch out lower high & lower low for the another wave of downtrend.

Immediate support @ RM3.15 level.
Subsequent support @ RM3.00 level.

Immediate resistance @ RM3.60 level.
Subsequent resistance @ MA20 level.

Let's watch closely for opportunity.

Technical Analysis Oct 2014: FGV (5222)

FELDA GLOBAL VENTURES HLDG BHD 

Observation From Chart:

FGV rebound from RM3.00 psychology level.

How high will it go?

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

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

Immediate support @ RM3.00 level.

If able forming double bottom, FGV might be turn bullish.

Let's watch closely.

Technical Analysis Oct 2014: GENM (4715)

GENTING MALAYSIA BERHAD 

Observation from Chart:

GENM forming lower high & lower low...

How low will it go?

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

Immediate support @ RM3.90 level.
Subsequent support @ RM3.78 level.

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

Let's watch closely...

Technical Analysis Oct 2014: AAX (5238)

AIRASIA X BERHAD (5238)

Observation from Chart:

AAX (5238) rebound @ RM0.685 support level.

How high will it rebound?

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

Immediate resistance @ RM0.74 level.
Subsequent resistance @ RM0.78 level.

Immediate support @ RM0.685 level.
If break RM0.685, lower low is formed. Most likely it might be facing selling pressure.

Let's watch closely.

Technical Analysis Oct 2014: SEAL (4286)

SEAL INCORPORATED BHD

Observation from Chart:-

SEAL (4286) have been retrace down 48.3%

How low will it go?

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

If technical rebound, immediate resistance @ MA20 level.
Subsequent resistance @  MA50 level

Immediate support would be RM0.74 level.
Subsequent support @ RM0.64 level.

 Let's watch closely for technical rebound

Technical Analysis Oct 2014: DRBHCOM (1619)

DRB-HICOM BERHAD 

Observation from Chart:-

DRBHCOM forming descending triangle?

How low will it go?

Other indictor:-
MACD trade at negative region, downtrend sign.
Stochastic %K on BUY itinerary..

If technical rebound,
Immediate resistance @ RM2.14 level.
Subsequent resistance @ MA20 level.

Immediate support would be RM2.00 level.
Subsequent support @ RM1.95 level.

Let's watch closely.

Technical Analysis Oct 2014: INARI (0166)

INARI AMERTRON BERHAD 

Observation from chart:-

INARI is forming lower low & break MA200 support level.

When will it rebound?

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

Immediate support @ RM2.31 level.
Subsequent support @ RM2.00 level. 

Due to oversold, most likely will technical rebound soon.
Immediate resistance @ RM2.55 level.
Subsequent resistance @ MA200 level.

Let's watch closely.

Technical Analysis Oct 2014: HAPSENG (3034)

HAP SENG CONSOLIDATED BERHAD 

Observation from Chart:-

HAPSENG forming higher high & higher low.

How about this round? Will it breakout RM4.00 & go higher?

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

If able breakout RM4.00, another new high record been form.

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

Let's watch closely.

Technical Analysis Oct 2014: GENTING (3182)

GENTING BERHAD 

Observation from Chart:-

GENTING is retest RM9.28 support level.

Will it rebound? Or forming lower low?

Other indicator:-
MACD trade at negative region, downtrend sign.
Stochastic %K still on SELL call itinerary.

If rebound, MA20 would be immediate resistance level.
Next resistance would be RM9.55 level.

If break down, lower low will be formed.
Next support would be RM9.18 support level.

Let's watch closely.

Technical Analysis Oct 2014: ZHULIAN (5131)

ZHULIAN CORPORATION BERHAD 

Observation from Chart:

ZHULIAN is forming descending triangle pattern.

Will it rebound from strong support, RM2.33 level?

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

Immediate support @ RM2.33 level.
Subsequent support @ RM2.00 psychology level.

Immediate resistance @ descending triangle level.
Subsequent resistance @ RM2.49 level.

Let's watch closely technical rebound.

Technical Analysis Oct 2014: HAIO (7668)

HAI-O ENTERPRISE BERHAD 

Observation From Chart:

HAIO retest RM2.50 support level.

Will it rebound?

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

Immediate resistance @ RM2.55 level which is MA200 level.
Subsequent resistance @ RM2.60 level which is MA100 level.

Immediate support @ RM2.50 level.
Subsequent support @ RM2.40 level.

If unable sustain @ RM2.50, high probably it will retest RM2.40 level.

Let's watch closely.

Technical Analysis Oct 2014: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD

Observation From Chart:-

SUPERMX succeed breakout bolinger band squeeze...

How high will it go?

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

Immediate resistance @ RM2.42 level.
Subsequent resistance @ RM2.48 level, which is MA200.

Immediate support @ RM2.27 level.
Subsequent support @ MA20/ MA50 level.

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Let's watch closely ...

Technical Analysis Oct 2014: AFG (2488)

ALLIANCE FINANCIAL GROUP BHD (2488) 

Observation from Chart:

AFG consolidate sideway & forming bolinger band squeeze...

Will it break out the band?

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

If break down bolinger band, it still have 1 strong support as per drawn on chart.

Immediate resistance @ RM5.05 level.
Subsequent resistance @ RM5.18 level.

Let's watch closely.