Technical Analysis Feb 2012: RHBCAP (1066)

RHB CAPITAL BERHAD

Observation from Chart:-

RHBCAP is forming symmetrical triangle.

Will it break through upper triangle line?

Other indicator:-
1. MACD going bullish touching, pending crossover.
2. Stochastic %K still on BUY call.

If the bull strong enough, it might break through upper triangle line.
Else, it might retrace down retest lower triangle line.

Let watch closely.

Technical Analysis Feb 2012: GENTING (3182)

GENTING BERHAD

Observation from Chart:-

GENTING is retest RM10.40 level support.

Will it rebound or further retrace down?

Other indicator:-
1. NO reversal candlestick have been formed.
2. MACD moving toward negative region.
3. Stochastic %K still on SELL call.

If break down RM10.40 level, subsequent support will be RM10 psychology support level.
If rebound, MA20 is immediate resistance level.

Let watch closely.

Technical Analysis Feb 2012: TENAGA (5347)

TENAGA NASIONAL BHD

Observation from Chart:-

TENAGA trade below MA50 support level.

Will it break through RM6.58 level?

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

Strong support at MA200 level.
Strong resistance would be RM6.58 level.

If the bull strong enough, it might break through RM6.58 & consolidate between RM6.58 to RM7 level.

Let watch closely.

Technical Analysis Feb 2012: JCY (5161)

JCY INTERNATIONAL BERHAD

Observation from Chart:-

JCY keep forming higher high & higher low, nice uptrend.

How high will it go?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K NO trigger SELL call yet.

High posibility will retest RM1.55 resistance level.
If coming Quarter result is above expectation, the bull run might be continue.
If retrace down for consolidate, MA20 is immediate support.

Let watch closely for entry opportunity.

Technical Analysis Feb 2012: REDTONE (0032)

REDTONE INTERNATIONAL BERHAD

Observation from Chart:-

3 Feb 2012, REDTONE break down MA20 support level.

Will it retrace down to MA50 support level?

Other indicator:-
MACD at positive region, uptrend sign.
Stochastic %K NO trigger buy call yet.

High posibility will retest RM0.30 support level.
If unable rebound, MA50 would be the next support level.

Let watch closely for entry opportunity.

Technical Analysis Feb 2012: OLDTOWN (5201)

OLDTOWN BERHAD

Observation from Chart:-

3 Feb 2012, OLDTOWN formed bullish engulfing @ RM1.25 support.

Will it rebound?

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

Immediate resistance would be RM1.33 level.
If break down RM1.25, confirm that forming double top @ RM1.33

Selling preasure might be increase, it might retest RM1.18 level or MA50 support.

Let watch closely.

Technical Analysis Feb 2012: SALCON (8567)

SALCON BERHAD

Observation from Chart:-

3 Feb 2012, SALCON succeed break through RM0.555 level.

Will it break through next resistance RM0.59 ?

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

High probably it will retest RM0.59 level.
If the bull strong ennough, it might break through & go higher.
Else, it might retest RM0.555 support level.

Let watch closely.

Technical Analysis Feb 2012: SUNWAY (5211)

SUNWAY HOLDING BERHAD

Observation from chart:-

SUNWAY is consolidate between RM2.44 & RM2.55 level, forming bolinger band squeeze.

2 Feb 2012, succeed break through the bolinger band.

How high will it go?

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

Immediate resistant would be RM2.75 level.
Immediate support would be RM2.55 level.

Let watch closely.

Technical Analysis Feb 2012: HAPSENG (3034)

HAP SENG CONSOLIDATED BERHAD

Observation from Chart:-

HAPSENG keep forming higher high & higher low.

Everytime retrace down to MA20 support level, it will rebound.

Will it break through RM1.73 resistance?

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

If able break through RM1.73 level, it will create new higher high.
If retrace down, immediate support @ MA20 level.

Do watch out Quarterly report, which will be announce around mid of Feb 2012.
Will it declare an attactive dividend?

Let watch closely.

Technical Analysis Feb 2012: CYPARK (5184)

CYPARK RESOURCES BERHAD

Observation from Chart:

31 Jan 2012, CYPARK retest RM1.71 resistance.

Will it break through the resistance & go higher?

Other indicator:-
1. MACD moving toward positive region, uptrend sign.
2. MACD bullish crossover.
3. RSI already reach overbought stage.
4. Stochastic %K still on BUY call itinerary.

It might be trading side way for consolidate OR retrace down retest support before go higher.

If retrace down, MA50 would be strong support level.

If break through RM1.71, next resistance would be RM2.09 level.

Let watch closely...