Technical Analysis Oct 2015: GENTING (3182)

GENTING BERHAD

Observation from Chart:-

GENTING is forming symmetrical triangle pattern

Will it breakout the resistance level ? Or support level?

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

If breakout the resistance, immediate resistance @ RM7.70 which is around MA100 level.
Next resistance would be RM7.90 level.

If break down, immediate support @ MA20
Next support would be MA50 level.

Let's watch closely for breakout
.

Technical Analysis Oct 2015: MRCB (1651)

MALAYSIAN RESOURCES CORP BHD 

Observation from Chart:

MRCB forming hgher high & higher low.

How high will it go?

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

Immediate resistance @ RM1.30 level.
Subsequent resistance @ RM1.35 level.

Immediate support @ MA200 which is around RM1.20 level.
Subsequent support @ RM1.14 level.

High possibility will retrace down retest support level before next wave.

Let's watch closely.

Technical Analysis Oct 2015: UEMS (5148)

UEM SUNRISE BERHAD

Observation from Chart:-

UEMS open high & close @ RM1.27 resistance level.

Is that "fake" breakout?

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

Immediate support @ RM1.20 level.
Subsequent support @ RM1.14 level.

Immediate resistance @ RM1.27 level.
Subsequent resistance @ RM1.42 level.

Let's watch closely for "real" breakout.

Technical Analysis Oct 2015: SCOMI (7158)

SCOMI GROUP BERHAD 

Observation from Chart:-

SCOMI retest RM0.21 resistance level.

How about this round, will it breakout & go higher?

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

Immediate resistance @ RM0.21 level
Subsequent resistance @ RM0.22 level

If retrace down or consolidate side way, immediate support @ ascending triangle level.

Let watch closely...