Tuesday, December 16, 2014

Technical Analysis Dec 2014: SKPETRO (5218)

SapuraKencana Petroleum Berhad (5218) 

Observation from Chart:

SKPETRO (5218) have been retrace down 50.1%.

Will it technical rebound? Or break the RM2.00 support?

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

Immediate support @ RM2.00 level.
Immediate resistance @ RM2.40 level.
Subsequent resistance @ MA20 level.

Do monitor crude oil price.

Let's watch closely for rebound opportunity.

Tuesday, December 9, 2014

Technical Analysis Dec 2014: UMWOG (5243)

UMW Oil & Gas Corporation Berhad (5243) 

Observation from Chart:-

UMWOG (5243) consolidate side way?

Will it rebound @ this level?

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

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

Immediate resistance @ RM2.60 level.
Subsequent resistance @ RM2.88 level, which is MA20.

Let's watch closely.

Sunday, December 7, 2014

Technical Analysis Dec 2014: EFFICEN (0064)

EFFICIENT E-SOLUTIONS BHD

Observation from Chart:-

EFFICEN consolidate sideway?

Will it retrace down to RM0.25 support level?

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

Immediate support @ RM0.25 level.
Subsequent suport @ RM0.225 level.

Immediate resistance @ RM0.295 level, which is MA100.
Subsequent resistance @ RM0.33 level, which is MA20 / MA50.

Let's watch closely.

Technical Analysis Dec 2014: KNM (7164)

KNM GROUP BERHAD 

Observation from Chart:-

KNM have been retrace down 60.3%.

Will it rebound @ RM0.45 support level ?

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

Immediate support @ RM0.45
Subsequent suport @ RM0.425 level.

Immediate resistance @ RM0.52 level.
Subsequent resistance @ RM0.57 level.

From technical view, KNM is forming lower low & lower high, market sentiment is bearish.
NO bullish reversal been form yet.

Let's watch closely for rebound opportunity.

Thursday, December 4, 2014

Technical Analysis Dec 2014: HAIO (7668)

HAI-O ENTERPRISE BERHAD 

Observation From Chart:

HAIO forming lower high & lower low?

How low will it go?

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

Immediate resistance @ RM2.44 level.
Subsequent resistance @ RM2.55 level.

Immediate support @ RM2.30 level.
Subsequent support @ RM2.21 level.

Let's watch closely.

Wednesday, December 3, 2014

Technical Analysis Dec 2014: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX forming double bottom @ RM2.01 level ?

Will it breakout descending triangle resistance?

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

Immediate resistance @ RM2.15 level.
Subsequent resistance @ RM2.17 level.

Immediate support @ RM2.01 level.
Subsequent support @ RM1.89 level.

How do you think on USD impact glove sector?
http://globalrubbermarkets.com/6397/malaysia-rubber-gloves-gain-on-weakening-ringgit.html
http://www.theedgemarkets.com/en/node/172663

Let's watch closely ...