Technical Analysis Aug 2014: IRIS (0010)

IRIS CORPORATION BHD 

Observation from Chart:-

IRIS (0010) is forming reversal candlestick ...

Will it rebound?

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

Immediate resistance @ RM0.41 level.
Subsequent resistance @ MA20/MA50 level.

Immediate support @ RM0.36 level.
Subsequent support @ RM0.33 level.

On 29 Aug 2014, IRIS announced below market expectation Q1 result & causing the sell off...

Let watch closely for rebound.

Technical Analysis Aug 2014: PADINI (7052)

PADINI HOLDINGS BHD 

Observation from Chart:-

PADINI retest RM1.87 support level.

Will it rebound ? Or break the support level?

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

Immediate support @ RM1.87 level. Once it break the strong support, it might be high selling pressure.

Immediate resistance @ RM1.92 level.
Subsequent resistance @ MA20 / MA50 level, which is RM1.95 level.

Let's watch closely.

Technical Analysis Aug 2014: MMCCORP (2194)

MMC CORPORATION BERHAD 

Observation From Chart:-

MMCCORP retest RM2.33 support level. 

Will it rebound?

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

It might be consolidate sideway.
If rebound, immediate resistance @ MA20 which is RM2.45 level.
Subsequent resistance @ MA50 which is RM2.51 level.

Immediate support @ RM2.33
Subsequent support @ RM2.25

Let's watch closely.

Technical Analysis Aug 2014: ULICORP (7133)

UNITED U-LI CORPORATION BHD (7133) 

Observation from Chart:-

ULICORP (7133) retrace down retest RM1.71 bolinger band support level.

Will it rebound?

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

Immediate support @ RM1.71 level.
Subsequent support @ RM1.63 level.

Immediate resistance @ MA20 level.
Subsequent resistance @ RM1.81 level.

DO watch out upcoming quarter result, which will announce next week.
Perhaps the result above expectation, it might breakout the band & go higher.

Let's watch closely.

Technical Analysis Aug 2014: OSK (5053)

OSK HOLDINGS BERHAD 

Observation from Chart:-

OSK (5053) forming higher high.

How high will it go?

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

Due to overbought, it's opportunity if retrace down to RM2.30 support level.
Subsequent support @MA20 level.

Let's watch closely.

Technical Analysis Aug 2014: MAS (3786)

MALAYSIAN AIRLINE SYSTEM BERHAD

Observation from Chart:

MAS forming ascending triangle pattern.

Will it breakout RM0.25 resistance level?

Other indicator:-
MACD at positivie region, uptrend sign.
Stochastics %K indicator, on BUY call itinerary.

Khazanah to cough out 1.4b ringgit to privatise MAS, offers 27 sen/shr
Source: http://www.businesstimes.com.sg/breaking-news/asia/khazanah-offers-27-sen-share-mas-20140808

As the privatize news & offer price been announced, most likely it will be trade around the offer price range.

Let's watch closely...

Technical Analysis Aug 2014: COASTAL (5071)

COASTAL CONTRACTS BHD (5071) 

Observation From Chart:-

COASTAL succeed breakout RM5.16 resistance level.

How high will it go?

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

Immediate support @ MA20 level, which is around RM5.16 
Subsequent support @ ascending triangle lower line level. 

According announcement on Bursa, EPF have acquisition of 1,671,500 Ordinary Shares on 5-August 2014
However, insider Ng Chin Heng son, Mr Ng San Chen, have disposed 448,600 unit via open market on 6 August 2014.

Technically, it might be go higher because higher high been formed.

Let's watch closely

Technical Analysis Aug 2014: UNISEM (5005)

UNISEM (M) BERHAD 

Observation from Chart:-

UNISEM forming ascending triangle pattern.

Will it breakout RM1.78 resistance level?

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

If able break through RM1.78 resistant, next resistant would be RM1.92 level.
Subsequent resistance, RM2.00 level.

If retrace down, MA20 is immediate support.
Subsequent support, RM1.67 level.

Let's watch closely for opportunity.

Technical Analysis Aug 2014: ZELAN (2283)

Zelan Berhad 

Observation from Chart:

ZELAN retest RM0.36 resistance level.

Will it breakout?

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

If able break through RM0.36 resistant, next resistant would be RM0.415 level.
Subsequent resistance, RM0.46 level.

If retrace down, MA20 is immediate support.
Subsequent support, RM0.27 level.

 Let's watch closely.

Technical Analysis Aug 2014: DIGI (6947)

DIGI.COM BHD 

Observation from Chart:-

DIGI forming higher high & higher low.

How high will it go?

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

Immediate support @ RM5.78 level.
Subsequent support @ MA20 level.

Due to new high record, no immediately resistance..
It's opportunity if consolidate or retest support level.

Let's watch closely.

Technical Analysis Aug 2014: HAIO (7668)

HAI-O ENTERPRISE BERHAD 

Observation From Chart:

HAIO succeed breakout ascending triangle resistance.

How high will it go?

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

Immediate resistance @ RM2.70 level.
Subsequent resistance @ RM2.74 level.

Immediate support @ MA20 level.
Subsequent support @ MA200 level.

HAIO keep on perform Share Buy Back, till today Cumulative net outstanding treasury shares as at to-date is 3.27% of outstanding shares of the listed issuer.

Based on pass history, HAIO do distribute treasury shares as bonus issue.

So, how do you think about this round? 

Pass history on HAIO dividend.
http://www.hai-o.com.my/dividend.php

Let's watch closely.

Technical Analysis Aug 2014: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX succeed breakout MA50 resistance & retest MA100 resistance level.

Will it breakout MA100 resistance level?

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

Immediate resistance @ MA100 level.
Subsequent resistance @ MA200 level.

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

EBOLA theme might boost up glove sector bull run.
Source:
http://online.wsj.com/articles/sierra-leone-leader-calls-in-army-to-quarantine-ebola-stricken-neighborhoods-1406804513

Let's watch closely ...