Technical Analysis Jul 2015: CIMB (1023)

CIMB GROUP HOLDINGS BERHAD 

Observation From Chart:

CIMB keep consolidate sideway since early of June 2015

How long will it consolidate?

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

Immediate resistance @ MA20 / MA50 level.
Subsequent resistance @ RM5.61 level.

Immediate support @ RM5.24 level.
Subsequent support @ RM5.05 level.

Let's watch closely for entry opportunity.

Technical Analysis July 2015: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX retest RM2.18 resistance level again.

How about this round, will it breakout?

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

Immediate resistance @ RM2.18 level.
Subsequent resistance @ RM2.28 level.

Immediate support @ MA20 which is around RM2.08 level.
Subsequent support @ MA50 /MA100, which is around RM2.05 level.

USD appreciation might boost the earning of glove sector as we can see the glove sector peer such as TOPGLOV, KOSSAN & HARTA been kick off their bull run.

Let's watch closely ...

Technical Analysis July 2015: COASTAL (5071)

COASTAL CONTRACTS BHD (5071) 

Observation From Chart:-

COASTAL forming lower high & lower low.

How low will it go?

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

Immediate support @ RM2.42 level.
Subsequent support @ RM2.22 level.

Immediate resistance @ RM2.60 level.
Subsequent resistance @ RM2.71 level.

Let's watch closely

Technical Analysis July 2015: UMWOG (5243)

UMW Oil & Gas Corporation Berhad (5243) 

Observation from Chart:-

UMWOG (5243) forming lower low & lower high.

How low will it go?

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

Immediate support @ RM1.50 psychology level.
Subsequent suport @ RM1.00 psychology level.

Immediate resistance @ MA20 level.
Subsequent resistance @ RM1.80 level.

Let's watch closely.

Technical Analysis July 2015: SUNZEN (0148)

SUNZEN BIOTECH BHD (0148)

Observation from Chart:-

SUNZEN (0148) retest MA20 support level.

Will it rebound?

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

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

Immediate resistance @ RM0.54 level
If able breakout & go higher, it will be another wave of bull run.

Let's watch closely.

Technical Analysis July 2015: OSK (5053)

OSK HOLDINGS BERHAD

Observation from Chart:-

OSK (5053) is forming bolinger band squeeze.

How about this round, will it succeed breakout RM2.26 level?

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

Immediate support @ MA20/ MA50 support level, around RM2.15 level.
Subsequent support @ RM2.10 level.

Immediate resistance @ RM2.26 level
Subsequent resistance @ RM2.30 level.

Do watch closely on the progress of
PROPOSED OSK PROPERTY ACQUISITION, PJ DEVELOPMENT ACQUISITION, OSK PROPERTY OFFER, PJ DEVELOPMENT OFFER, BONUS ISSUE OF WARRANTS, SPECIAL CASH DIVIDEND
once it finalize, high probably breakout the bolinger band squeeze.
Pls refer BursaMalaysia website for official announcement.

Let's watch closely.

Technical Analysis July 2015: JCY (5161)

JCY INTERNATIONAL BERHAD 

Observation from Chart:-

JCY forming descending triangle, retest strong support RM0.69 level.

Will it breakout the resistance?

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

If breakout the triangle resistance, it might be reversal trend
1st resistance, RM0.72
2nd resistance, RM0.75

If break strong support level, it might face selling pressure
next support @ RM0.65 level.

Let's watch closely...