Sunday, April 26, 2020

Technical Analysis Apr 2020: CAREPLS (0163)


CAREPLUS GROUP BERHAD (0163) 

Observation from Chart:-

CAREPLS forming "U" pattern & breakout RM0.405 resistance level.

How high will it go?

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

Immediate support @ RM0.35 level.
Subsequent suport @ RM0.32 level.

Immediate resistance @ RM0.44 level.
Subsequent resistance @ RM0.50 level.

Let's watch closely.

Thursday, April 2, 2020

Technical Analysis Apr 2020: BURSA (1818)



BURSA MALAYSIA BERHAD 

Observation from Chart:-

BURSA keep on retest downtrend resistance level & unable breakout.

Will it retrace down & forming double bottom at RM4.40 level ?

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

Immediate resistance @ RM5.15 level.
Subsequent resistance @ RM5.40 level.

Immediate support @ RM4.40 level.
If break RM4.40 support, lower low is confirm. Downtrend will resume.

Let's watch closely.

Technical Analysis Apr 2020: KAREX (5247)


KAREX BERHAD (5247) 

Observation from Chart:

KAREX (5247) retest RM0.395 support level.

Will it rebound?

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

Immediate resistance @ RM0.58 level.
Subsequent resistance @ RM0.42 level.

Immediate support @ RM0.36 level.
Subsequent support @ RM0.26 level.

Recent news on condoms
Source: CNA
Source: Bloomberg

Let's watch closely