Sunday, September 20, 2015

Technical Analysis Sept 2015: MHB (5186)

MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD 

Observation from Chart:-

MHB rebound from RM0.90 to RM1.24 level.

Will it retrace down retest support level & go 2nd wave?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K @ overbought stage, pending SELL call.

Immediate support @ RM1.15 level which is MA100 level.
Subsequent support @ RM1.06 level which is MA50 level.

Immediate resistance @ RM1.18 level
Subsequent resistance @ RM1.28 which is MA200 level.

Due to overbought, high possibility will retrace down (or side way consolidate) before 2nd wave uptrend.

Let watch closely.

Saturday, September 19, 2015

Technical Analysis Sept 2015: MRCB (1651)

MALAYSIAN RESOURCES CORP BHD 

Observation from Chart:

MRCB succeed breakout downtrend resistance

How high will it go?

Other indicator:
MACD moving toward positive region, uptrend itinerary
Stochastic %K overbought stage.

Immediate resistance @ RM1.15 level.
Subsequent resistance @ RM1.19 level.

Immediate support @ RM1.07 level.
Subsequent support @ RM1.06 level.

High possibility will retrace down retest support level.
Let's watch closely.

Sunday, September 13, 2015

Technical Analysis Sept 2015: GASMSIA (5209)

GAS MALAYSIA BERHAD 

Observation From Chart:-

GASMSIA (5209) consolidate sideway RM1.91 & RM2.16

When will it breakout the bolinger band squeeze? 

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

Immediate resistance @ RM2.16 level.
Subsequent resistance @ RM2.50 level.

Immediate support @ RM2.00 level.
Subsequent support @ RM1.91 level.

Let's watch closely for entry opportunity.

Saturday, September 12, 2015

Technical Analysis Sept 2015: GTRONIC (7022)

GLOBETRONICS TECHNOLOGY BHD 

Observation from chart:-

GTRONIC is forming symmetrical triangle pattern?

Will it breakout the resistance & go higher?

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

Immediate resistance would be RM5.99 level which is MA100.
Subsequent resistance @ RM6.24 level.

If retrace down, immediate support @ RM5.75 level.
Subsequent support @ RM5.50 level.

Let's watch closely.

Monday, September 7, 2015

Technical Analysis Sept 2015: PERISAI (0047)

PERISAI PETROLEUM TEKNOLOGI BHD 

Observation from Chart:-

PERISAI (0047) forming lower high &lower low

Will it breakout the downtrend resistance level?

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

If able breakout downtrend resistance, it might nice.
Immediate support @ RM0.29 level.
Subsequent support @ RM0.24 level.

Immediate resistance @ RM0.32 level.
Subsequent resistance @ RM0.35 level.

Let's watch closely.

Sunday, September 6, 2015

Technical Analysis Sept 2015: OSK (5053)


OSK HOLDINGS BERHAD 

Observation from Chart:-

OSK (5053) is forming lower high & lower low

How about this round, will it form double bottom @ RM1.575 level?

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

Immediate support @ RM1.575 level.
Subsequent support @ RM1.54 level.

Immediate resistance @ RM1.66 level
Subsequent resistance @ RM1.78 level.

Let's watch closely.