Technical Analysis Nov 2014: ARMADA (5210)

BUMI ARMADA BERHAD

Observation from Chart:-

ARMADA forming lower high & lower low.

How low will it go?

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

Immediate support RM1.00 psychology support level.

Immediate resistance @ RM1.34 level.
Subsequent resistance @ RM1.43 level.

Let watch closely......

Technical Analysis Nov 2014: CIMB (1023)

CIMB GROUP HOLDINGS BERHAD 

Observation From Chart:

CIMB formed lower high & lower low.

How low will it go?

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

Immediate resistance @ RM6.00 level.
Subsequent resistance @ RM6.15 level.

Immediate support @ RM5.50 level.
Subsequent support @ RM5.00 level.

Let's watch closely for technical rebound.

Technical Analysis Nov 2014: NOVAMSC (0026)

NOVA MSC BHD

Observation from Chart:-

NOVAMSC (0026) is retest RM0.185 resistance level.

Will it breakout & form higher high?

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

If retrace down, immediate support @ RM0.145 level.
Subsequent support @ RM0.115 level.

If succeed breakout the resistance, higher high is confirm. Then most likely another wave of uptrend.
Do watch out upcoming quarter result, which will announce next few days.

Let's watch closely

Technical Analysis Nov 2014: BJTOTO (1562)

BERJAYA SPORTS TOTO BERHAD

Observation from Chart:-

BJTOTO is forming double bottom @ RM3.37 level ?

Will it breakout RM3.70 level to form "W" sign?

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

If retrace down, immediate support @ RM3.37 level.
Strong support @ RM3.00 level.

Insider start acquire the share & perform share buy back in huge volume.
For more info, pls refer BursaMalaysia website.

Double bottom @ RM3.37 seem solid.



Immediate resistance @ MA20 level.
Subsequent resistance @ MA50 level.
Strong resistance @ RM3.70 level, which is "W" level.

Let's watch closely

Technical Analysis Nov 2014: IFCAMSC (0023)

IFCA MSC BHD 

Observation From Chart:-

IFCAMSC retest RM0.89 resistance level... 

Will it breakout ?

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

Immediate resistance @ RM0.90 level.
Subsequent resistance @ RM1.00 psychology level.

Immediate support @ RM0.76 level.
Subsequent support @ RM0.71, which is MA20 level.

Let's watch closely.

Technical Analysis Nov 2014: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX have been retrace down 16.5%...

Will it rebound @ psychology support level, RM2.00 ?

Other indicator:-
MACD moving toward negaive region, downtrend sign.
Stochastic %K at oversold stage

Immediate resistance @ RM2.06 level. 
Subsequent resistance @ RM2.16 level.

Immediate support @ RM2.00 level.
Subsequent support @ RM1.82 level.

Let's watch closely for technical rebound ...

Technical Analysis Nov 2014: COASTAL (5071)

COASTAL CONTRACTS BHD (5071) 

Observation From Chart:-

COASTAL forming lower high.

Will it forming lower low?

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

Immediate support @ RM3.50 level.
Subsequent support @ RM3.15 level.

Immediate resistance @ MA20 level.
Subsequent resistance @ RM4.05 level.

Let's watch closely

Technical Analysis Nov 2014: SKPETRO (5218)

SapuraKencana Petroleum Berhad (5218) 

Observation from Chart:

SKPETRO (5218) retest RM3.14 support level.

Will it rebound? Or break the support?

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

If lower low is confirm, it might form another wave of downtrend.

Immediate support @ RM3.00 level.
Subsequent support @ RM2.95 level.

Immediate resistance @ RM3.35 level.
Subsequent resistance @ RM3.50 level.

Let's watch closely for rebound opportunity.

Technical Analysis Nov 2014: GTRONIC (7022)

GLOBETRONICS TECHNOLOGY BHD 

Observation from chart:-

GTRONIC forming ascending triangle?

Will it breakout & go higher?

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

Immediate resistance would be RM4.53 level.
Subsequent resistance @ MA50 level.

If retrace down, immediate support @ MA20 level.
Subsequent support @ RM4.20 level.

Let's watch closely.