Technical Analysis Feb 2018: BARAKAH (7251)

BARAKAH OFFSHORE PETROLEUM BHD (7251) 

Observation from Chart:-

BARAKAH (7251) forming lower low & lower high

Will it form a bullish reversal? Breakout downtrend resistance level?

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

Immediate support @ RM0.255 level.
If break RM0.255 level, lower low is confirm. Downtrend will resume.

Immediate resistance @ RM0.285 level.
Subsequent resistance @ RM0.315 level.

Let's watch closely

Technical Analysis Feb 2018: BIMB (5258)

BIMB HOLDINGS BERHAD 

Observation From Chart:-

BIMB trading within downtrend line?

Will it breakout downtrend resistance level & go higher?

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

Immediate support is RM4.07 level.
Subsequent support is RM4.00 level.

Immediate resistance, RM4.45 level.
Subsequent resistance, RM4.55 level.

Let's watch closely.

Technical Analysis Feb 2018: LIONIND (4235)

LION INDUSTRIES CORPORATION BERHAD 

Observation from Chart:

LIONIND forming head & shoulder pattern? 

Will it break RM1.20 support level?

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

Immediate resistance @ RM1.41 level.
Subsequent resistance @ RM1.51 level.

Immediate support @ RM1.21 level.
Subsequent support @ RM1.11 level.

Let's watch closely...

Technical Analysis Feb 2018: MALAKOF (5264)

MALAKOFF CORPORATION BERHAD (5264) 

Observation from Chart:-

MALAKOF retest strong support level, RM0.875.

Will it rebound & go higher?

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

Immediate resistance @ RM0.94 level.
Subsequent resistance @ RM1.00 level.

Immediate support @ RM0.875 level.
If break strong support RM0.875 level, lower low is confirm.
Downtrend will resume.

Let's watch closely.

Technical Analysis Feb 2018: MRCB (1651)

MALAYSIAN RESOURCES CORP BHD

Observation from Chart:

MRCB break uptrend support level?

Will it recover & trade above the line?

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

Immediate resistance @ RM1.10 level.
Subsequent resistance @ RM1.17 level.
If the rebound strong enough, potential will retest RM1.10 resistance level.

Immediate support @ RM1.03 level.
Subsequent support @ RM0.97 level.

Let's watch closely.