Friday, June 23, 2017

Technical Analysis Jun 2017: CUSCAPI (0051)



CUSCAPI BHD 

Observation from Chart:-

CUSCAPI retest RM0.24 strong support level.

Will it rebound or break the support?

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

Immediate support @ RM0.24 level.
Subsequent resistance @ RM0.21 level.

Immediate resistance @ RM0.27 level
Subsequent resistance @ RM0.285 level.

Let's watch closely.

Technical Analysis Jun 2017: TM (4863)



TELEKOM MALAYSIA BERHAD 

Observation From Chart:-

TM forming higher high & higher low.

How high will it go?

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

Immediate support @ RM6.50 level.
Subsequent support @ RM6.43 level.

Immediate resistance @ RM6.65 level.
Subsequent resistance @ RM6.71 level.

Let's watch closely.

Technical Analysis Jun 2017: GHLSYS (0021)



GHL SYSTEMS BHD 

Observation from Chart:-

GHLSYS (0021) forming bolinger band squeeze. 

Will it breakout RM1.60 level & go higher?

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

Immediate support @ RM1.36 level.
Subsequent support @ RM1.29 level.

Immediate resistance @ RM1.60 level.
If able breakout RM1.60, higher high is confirm. Uptrend will resume.

Let's watch closely.

Thursday, June 22, 2017

Technical Analysis Jun 2017: YTL (4677)



YTL CORPORATION BERHAD 

Observation from Chart:-

YTL forming descending triangle pattern.

Will it breakout the resistance & go higher?

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

Immediate resistance @ RM1.53 level.
Subsequent resistance @ RM1.56 level.

Immediate support @ RM1.46 level.
Subsequent support @ RM1.44 level.

Let's watch closely.

Wednesday, June 21, 2017

Technical Analysis Jun 2017: NOTION (0083)



NOTION VTEC BERHAD 

Observation from Chart:-

NOTION (0083) forming bolinger band squeeze?

Will it rebound @ RM1.10 support level?

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

Immediate resistance @ RM1.36 level.
Subsequent resistance @ RM1.455 level.

Immediate support @ RM1.10 level.
Subsequent support @ RM1.00 level.

Let's watch closely.

Technical Analysis Jun 2017: SUNWAY (5211)



SUNWAY HOLDING BERHAD 

Observation from chart:-

SUNWAY gap up after announcement "Proposed BONUS ISSUE of Shares".

Will it close the gap up?

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

Immediate resistance @ RM4.05 level,
If breakout RM4.05, higher high is form. Uptrend will resume.
.
Immediate support @ RM3.87 level.
Subsequent support @ RM3.73 level.

Let's watch closely for opportunity.

Tuesday, June 20, 2017

Technical Analysis Jun 2017: AIRASIA (5099)



AIRASIA BERHAD 

Observation from Chart:

AIRASIA (5099) forming lower high.

Will it form lower low or retest RM2.94 support level?

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

Immediate resistance @ RM3.40 level.
Subsequent resistance @ RM3.58 level.

Immediate support @ RM3.14 level.
Subsequent support @ RM2.94 level.

Let's watch closely.

Technical Analysis Jun 2017: CYPARK (5184)


CYPARK RESOURCES BERHAD 

Observation from Chart:

CYPARK forming bolinger band squeeze.

Will it breakout the squeeze?

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

Immediate support @ RM2.70 level.
Subsequent support @ RM2.65 level.

Immediate resistance @ RM2.80 level.
Subsequent resistance @ RM2.86 level.

Let's watch closely...

Technical Analysis Jun 2017: COASTAL (5071)



COASTAL CONTRACTS BHD (5071) 

Observation From Chart:-

COASTAL forming double bottom @ RM1.26 ?

Will it breakout descending triangle resistance level?

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

Immediate support @ RM1.26 level.
If break RM1.26 level, lower low is form. Downtrend will resume.

Immediate resistance @ RM1.40 level.
Subsequent resistance @ RM1.52 level.

Let's watch closely

Friday, June 16, 2017

Technical Analysis Jun 2017: GADANG (9261)



GADANG HOLDINGS BHD (9261) 

Observation from Chart:-

GADANG (9261) forming bolinger band squeeze.

When will it breakout?

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

Immediate support @ RM1.24 level.
Subsequent support @ RM1.17 level.

Immediate resistance @ RM1.30 level.
Subsequent resistance @ RM1.34 level. Once break this resistance, no major resistance.

Let's watch closely

Thursday, June 15, 2017

Technical Analysis Jun 2017: VS (6963)



V.S. INDUSTRY BERHAD 

Observation from Chart:-

VS (6963) succeed breakout RM2.05 resistance level.

How high will it go?

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

Higher high is formed.
No immediate resistance. 

Immediate support @ RM2.05 level.
Subsequent support @ RM1.98 level.

Let's watch closely.

Technical Analysis Jun 2017: TECFAST (0084)



TECHFAST HOLDINGS BERHAD

Observation from Chart:-

TECFAST (0084) forming higher high & higher low.

How high will it go?

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

Higher high is formed.
No immediate resistance.

Immediate support @ RM0.63 level.
Subsequent support @ RM0.60 level.

Let's watch closely.

Wednesday, June 14, 2017

Technical Analysis Jun 2017: YTLPOWR (6742)



YTL POWER INTERNATIONAL BHD 

Observation from Chart:-

YTLPOWER forming bolinger band squeeze?

Will it retest RM1.41 support level ?

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

Immediate resistance @ RM1.53 level
Subsequent resistance @ RM1.57 level.

Immediate support @ RM1.41 level.
Subsequent support @ RM1.39 level.

Let's watch closely.

Technical Analysis Jun 2017: WELLCAL (7231)



WELLCALL HOLDINGS BHD 

Observation from Chart:

WELLCAL forming higher high & higher low

Will it rebound at uptrend support level?

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

Immediate resistance @ RM2.36 level
Subsequent resistance @ RM2.54 level.

Immediate support @ RM2.15 level.
Subsequent support @ RM2.00 level.

Let's watch closely...

Technical Analysis Jun 2017: MPAY (0156)



MANAGEPAY SYSTEMS BERHAD (0156) 

Observation from Chart:-

MPAY (0156) forming lower high & lower low.

How low will it go?

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

Immediate support @ RM0.18 level.
Subsequent support @ RM0.15 level.

Immediate resistance @ RM0.22 level.
Subsequent resistance @ RM0.25 level.

Let's watch closely

Tuesday, June 13, 2017

Technical Analysis Jun 2017: DIGI (6947)



DIGI.COM BHD 

Observation from Chart:-

DIGI forming descending triangle pattern?

Will it breakout resistance level?

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

Immediate support @ RM4.88 level.
Subsequent support @ RM4.80 level.

Immediate resistance @ RM5.00 level.
Subsequent resistance @ RM5.05 level.

Let's watch closely.

Technical Analysis Jun 2017: REDTONE (0032)



REDTONE INTERNATIONAL BERHAD 

Observation from Chart:-

REDTONE break descending triangle support level.

How low will it go?

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

Immediate resistance @ RM0.47 level.
Subsequent resistance @ RM0.50 level.

Immediate support @ RM0.39 level.
Subsequent support @ RM0.36 level.

Let's watch closely.

Technical Analysis Jun 2017: SUPERMX (7106)



SUPERMAX CORPORATION BERHAD 

Observation From Chart:-

SUPERMX succeed breakout downtrend line & consolidate sideway.

How high will it go?

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

Immediate resistance @ RM2.11 level.
Subsequent resistance @ RM2.16 level.

Immediate support @ RM1.99 level.
Subsequent support @ RM1.90 level.

Let's watch closely

Technical Analysis Jun 2017: FAVCO (7229)



FAVELLE FAVCO BHD 

Observation from Chart:

FAVCO succeed breakout RM2.87 resistance level, higher high is confirmed.

How high will it go?

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

Immediate resistance @ RM2.96 level.
Subsequent resistance @ RM3.15 level.

Immediate support @ RM2.87 level.
Subsequent support @ RM2.79 level.

Let's watch closely...

Monday, June 12, 2017

Technical Analysis Jun 2017: MRCB (1651)



MALAYSIAN RESOURCES CORP BHD 

Observation from Chart:

MRCB forming descending triangle pattern

Will it retest RM1.78 resistance level?

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

Immediate resistance @ RM1.52 level.
Subsequent resistance @ RM1.66 level.
If the rebound strong enough, potential will retest RM1.78 resistance level.

Immediate support @ RM1.35 level.
Subsequent support @ RM1.28 level.

Let's watch closely.

Technical Analysis Jun 2017: MIKROMB (0112)



MIKRO MSC BERHAD

Observation from Chart:

MIKROMB (0112) trading above the uptrend line.

How high will it go?

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

Immediate support @ RM0.72 level.
Subsequent support @ RM0.66 level.

It have succeed breakout RM0.72 resistance level.
Higher high is confirm. Uptrend will resume.

Let's watch closely.

Technical Analysis Jun 2017: FIBON (0149)


FIBON BERHAD 

Observation from Chart:-

FIBON (0149) succeed breakout downtrend resistance level.

How high will it go?

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

Immediate resistance @ RM0.715 level.
Subsequent resistance @ RM0.76 level

Immediate support @ RM0.625 level.
Subsequent support @ RM0.61 level.

Let's watch closely

Technical Analysis Jun 2017: SEAL (4286)



SEAL INCORPORATED BHD 

Observation from Chart:-

SEAL (4286) succeed breakout RM0.495 resistance level.

How high will it go?

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

Immediate resistance @ RM0.51 level.
Subsequent resistance @ RM0.535 level

Immediate support would be RM0.495 level.
Subsequent support @ RM0.48 level.

Let's watch closely

Thursday, June 8, 2017

Technical Analysis Jun 2017: KSL (5038)



KSL HOLDINGS BERHAD 

Observation from chart:-

KSL succeed breakout descending triangle resistance level.

How high will it go?

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

Immediate support @ RM1.19 level.
Subsequent support @ RM1.11 level.

Immediate resistance @ RM1.30 level.
Subsequent resistance @ RM1.38 level.

Let's watch closely.

Technical Analysis Jun 2017: DIALOG (7277)



DIALOG GROUP BERHAD 

Observation from Chart:-

DIALOG breakout bolinger band squeeze, from RM1.57 to RM.97 (+25.5%)

Will it break RM2.00 level?

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

Immediate resistance @ RM1.97 level.
Subsequent resistance @ RM2.00 level.

Immediate support @ RM1.89 level.
Subsequent support @ RM1.87 level.

Let's watch closely.

Technical Analysis Jun 2017: TENAGA (5347)



TENAGA NASIONAL BHD 

Observation from Chart:-

TENAGA succeed breakout ascending triangle resistance.

How high will it go?

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

Immediate support @ RM14.00 level.
Subsequent support @ RM13.80 level.

Immediate resistance @ RM14.28 level.
Subsequent resistance @ RM14.58 level.

Let's watch closely.

Wednesday, June 7, 2017

Technical Analysis Jun 2017: TA (4898)



TA ENTERPRISE BERHAD

Observation from Chart:-

TA (4898) break uptrend support level ?

Will it form higher low & resume the uptrend?

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

Immediate support @ RM0.66 level.
Subsequent support @ RM0.63 level.

Immediate resistance @ uptrend line level.
Subsequent resistance @ RM0.72 level.

If higher low is formed, high possibility will resume uptrend.
If lower low is formed, it might retrace down retest strong support level & consolidate.

Let's watch closely.

Technical Analysis Jun 2017: FIAMMA (6939)



FIAMMA HOLDINGS BERHAD

Observation from Chart:-

FIAMMA (6939) forming bolinger band squeeze since 15 June 2016

When will it breakout?

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

Immediate support @ RM0.54 level.
Subsequent support @ RM0.50 level.

Immediate resistance @ RM0.62 level.
Subsequent resistance @ RM0.66 level.

Insider keep on disposed the share after the share split & bonus issue.
For more info, pls refer Bursa Malaysia website company announcement.


However, on the other hand, company keep on perform "Share Buy Back" as well.
As per 29 May 2017, Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 2.94516%


That might be the reason, why the share price keep on consolidate sideway ?

Let's watch closely.

Tuesday, June 6, 2017

Technical Analysis Jun 2017: SEM (5250)



7-ELEVEN MALAYSIA HOLDINGS BERHAD 

Observation from Chart:-

SEM succeed breakout downtrend resistance level?

How high will it go?

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

Immediate support @ RM1.30 level.
Subsequent support @ RM1.20 level.

Immediate resistance @ RM1.45 level.
Subsequent resistance @ RM1.52 level.

Let's watch closely.

Technical Analysis Jun 2017: OWG (5260)



ONLY WORLD GROUP HOLDINGS BERHAD (5260) 

Observation from Chart:-

OWG retrace down from RM2.50 high to RM1.65 level (approx -34%.)

Will it rebound at this support level?

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

Immediate support @ RM1.65 level.
Subsequent support @ RM1.38 level.

Immediate resistance @ RM1.85 level.
Subsequent resistance @ RM2.00 level.

Let's watch closely.

Monday, June 5, 2017

Technical Analysis Jun 2017: SIME (4197)


SIME DARBY BERHAD 

Observation From Chart:

SIME (4197) succeed breakout bolinger band squeeze.

How high will it go?

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

Immediate resistance @ RM9.75 level.
Subsequent resistance @ RM10.00 level.

Immediate support @ RM9.23 level.
Subsequent support @ RM9.17 level.

Let's watch closely.

Technical Analysis Jun 2017: IRIS (0010)


IRIS CORPORATION BHD 

Observation From Chart:

IRIS (0010) retrace down from RM0.21 to RM0.15 level.

Oversold? Form reversal sign?

Other indicator:-
MACD moving toward negative region, downtrend sign.
Stochastics %K on BUY call.

Immediate resistance @ RM0.16 level.
Subsequent resistance @ RM0.185 level.

Immediate support @ RM0.145 level.
Subsequent support @ RM0.12 level.

Let's watch closely.

Friday, June 2, 2017

Technical Analysis Jun 2017: BSTEAD (2771)



BOUSTEAD HOLDINGS BERHAD 

Observation From Chart:

BSTEAD succeed breakout downtrend resistance level.

How high will it go?

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

Immediate resistance @ RM2.75 level.
Subsequent resistance @ RM2.85 level.

Immediate support @ RM2.60 level
Subsequent support @ RM2.42 level.

Let's watch closely.

Technical Analysis Jun 2016: KAREX (5247)



KAREX BERHAD (5247) 

Observation from Chart:

KAREX (5247) retrace down from RM2.26 high to RM1.66 level. (-26.4%)

Will it technical rebound?

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

Immediate resistance @ RM1.81 level.
Subsequent resistance @ RM1.93 level.

Immediate support @ RM1.66 level.
Subsequent support @ RM1.56 level.

Let's watch closely

Technical Analysis Jun 2017: MBSB (1171)



MALAYSIA BUILDING SOCIETY BERHAD 

Observation from Chart:

MBSB forming ascending triangle pattern.

Will it breakout & go higher?

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

Immediate resistance @ RM1.35 level.
Subsequent resistance @ RM1.42 level.

Immediate support @ RM1.27 level
Subsequent support @ RM1.17 level.

If breakout RM1.35 resistance level, higher high is confirm.
Uptrend will resume.

Let's watch closely...

Thursday, June 1, 2017

Technical Analysis Jun 2017: OCK (0172)


OCK GROUP BERHAD 

Observation from Chart:-

OCK forming higher high & higher low.

How high will it go?

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

Immediate resistance @ RM0.985 level.
Subsequent resistance @ RM1.00 level.

Immediate support @ RM0.90 level.
Subsequent support @ RM0.88 level.

Let's watch closely

Wednesday, May 31, 2017

Technical Analysis May 2017: GENM (4715)


GENTING MALAYSIA BERHAD 

Observation from Chart:

GENM break uptrend support level.

How low will it go?

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

Immediate support @ RM5.55 level.
Subsequent support @ RM5.45 level.

Immediate resistance @ RM5.85 level.
Subsequent resistance @ RM6.00 psychology level.

Let's watch closely.

Technical Analysis May 2017: IFCAMSC (0023)



IFCA MSC BHD (0023) 

Observation from Chart:

IFCAMSC (0023) forming descending triangle pattern?.

Will it break the resistance & go higher?

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

Immediate resistance @ RM0.435 level.
Subsequent resistance @ RM0.45 level.

Immediate support @ RM0.41 level.
Subsequent support @ RM0.365 level.

Let's watch closely.

Technical Analysis May 2017: TONGHER (5010)



TONG HERR RESOURCES BHD (5010) 

Observation from Chart:-

1 March 2017, TONGHER (5010) gap up & never close the gap.
28 March 2017, 2nd gap up formed & never close back.

Will it rebound? Or break the uptrend line?

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

Immediate support @ RM3.65 level.
Subsequent support @ RM3.42 level.

Immediate resistance @ RM3.77 level.
If able breakout RM3.77 level, higher higher is confirm. Uptrend will resume.

Let's watch closely

Monday, May 29, 2017

Technical Analysis May 2017: SIGN (7246)



SIGNATURE INTERNATIONAL BERHAD 

Observation from Chart:-

SIGN (7246) forming higher high & higher low.

Will it duplicate previous pattern?

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

Immediate resistance @ RM1.04 level.
Subsequent resistance @ RM1.07 level.

Immediate support @ RM1.01 level.
Subsequent support @ RM0.93 level.

Let's watch closely.

Technical Analysis May 2017: SCABLE (5170)



SARAWAK CABLE BERHAD 

Observation from Chart:-

SCABLE forming ascending triangle pattern?

Will it retest support level?

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

Immediate resistance @ RM1.17 level.
Subsequent resistance @ RM1.17 level.

Immediate support @ RM1.07 level.
Subsequent support @ RM1.02 level.

Let's watch closely.

Friday, May 26, 2017

Technical Analysis May 2017: GENTING (3182)



GENTING BERHAD 

Observation from Chart:-

GENTING forming ascending triangle pattern.

Will it breakout the resistance & go higher?

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

Immediate resistance @ RM10.00 level.
Subsequent resistance @ RM10.16 level.

Immediate support @ RM9.80 level.
Subsequent support @ RM9.70 level.

Let's watch closely for breakout opportunity.

Technical Analysis May 2017: BARAKAH (7251)



BARAKAH OFFSHORE PETROLEUM BHD (7251) 

Observation from Chart:-

BARAKAH (7251) forming descending triangle pattern.

Will it breakout resistance?

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

Immediate support @ RM0.62 level.
Subsequent support @ RM0.605 level.

Immediate resistance @ RM0.645 level.
Subsequent resistance @ RM0.67 level.

Let's watch closely

Thursday, May 25, 2017

Technical Analysis May 2017: GPACKET (0082)



GREEN PACKET BERHAD 

Observation from Chart:-

GPACKET (0082) gap down & retest uptrend support level.

Will it rebound or break the trend line support?

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

Immediate support @ trend line, which is around RM0.345 level.
Subsequent support @ RM0.32 level.

Immediate resistance @ RM0.385 level.
Subsequent resistance @ RM0.40 level.

Let's watch closely.

Technical Analysis May 2017: NOTION (0083)



NOTION VTEC BERHAD 

Observation from Chart:-

NOTION (0083) consolidate sideway

Will it breakout RM1.35 resistance level?

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

Immediate resistance @ RM1.35 level.
Subsequent resistance @ RM1.455 level.

Immediate support @ RM1.25 level.
Subsequent support @ RM1.09 level.

Let's watch closely.

Wednesday, May 24, 2017

Technical Analysis May 2017: LBS (5789)



LBS BINA GROUP BERHAD

Observation from Chart:

LBS (5789) break uptrend support level.

How low will it go?

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

Immediate resistance @ RM2.08 level.
Subsequent resistance @ RM2.12 level.

Immediate support @ RM2.00 level.
Subsequent support @ RM1.92 level.

Let's watch closely.

Technical Analysis May 2017: AIRASIA (5099)


AIRASIA BERHAD 

Observation from Chart:

AIRASIA (5099) break uptrend support level.

How low will it go?

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

Immediate resistance @ RM3.35 level.
Subsequent resistance @ RM3.40 level.

Immediate support @ RM3.20 level.
Subsequent support @ RM3.15 level.

Let's watch closely.

Sunday, May 21, 2017

Technical Analysis May 2017: FRONTKN (0128)


FRONTKEN CORPORATION BERHAD 

Observation from Chart:-

FRONTKN (0128) succeed breakout ascending triangle resistance.

How high will it go?

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

Immediate resistance @ RM0.285 level.
Subsequent resistance @ RM0.30 level.

Immediate support @ RM0.245 level.
Subsequent support @ RM0.225 level.

Based on last few round, breakout resistance with huge volume,
FRONTKN will consolidate sideway retest the support before go higher high.

Let's watch closely.