Technical Analysis Sept 2016: PRESBHD (5204)

PRESTARIANG BERHAD

Observation from Chart:-

PRESBHD rebound from uptrend support level.

Will it retest the uptrend resistance level which is approx RM3.60 level ?

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

Immediate resistance @ RM2.24 level.
Subsequent resistance @ RM2.33 level.

Immediate support @ RM2.14 level.
Subsequent support @ RM2.08 level.

Let's watch closely.

Technical Analysis Sept 2016: BURSA (1818)

BURSA MALAYSIA BERHAD 

Observation from Chart:-

BURSA rebound at support level.

Will it retest the resistance level ?

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

Immediate resistance @ RM9.00 level.
Subsequent resistance @ RM9.30 level.

Immediate support @ RM8.70 level.
Subsequent support @ RM8.65 level.

If market sentiment remain bullish momentum, high potential BURSA will retest uptrend resistance level.

Let's watch closely.

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Technical Analysis Sept 2016: MYEG (0138)

MY E.G. SERVICES BHD (0138)

Observation From Chart:-

MYEG succeed breakout RM2.14 resistance level.

Will it retest & breakout next resistance RM2.34 level ?

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

Immediate support @ RM2.14 level.
Subsequent support @ RM2.10 level.

Immediate resistance @ RM2.25 level.
Subsequent resistance @ RM2.30 level.

Positive news on MYEG:-
29 August 2016 , MYEG proposed one (1) Bonus Share for every two (2) existing MYEG Shares held on an entitlement date to be determined later ("Proposed Bonus Issue").

For more info, pls refer http://www.bursamalaysia.com/

Based on pass history, bonus issue held on Oct / Dec.

Upcoming budget 2017 & upcoming dividend also potential boost the share price..

Let's watch closely.

Technical Analysis Sept 2016: KRONO (0176)

KRONOLOGI ASIA BERHAD (0176) 

Observation from Chart:

KRONO (0176) succeed formed higher high & higher low

How high will it go?

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

Immediate resistance @ RM0.24 level.
Subsequent resistance @ RM0.245 level.

Immediate support @ RM0.235 level
Subsequent support @ RM0.23 level.

Let watch closely...

Technical Analysis Sept 2016: MBSB (1171)

MALAYSIA BUILDING SOCIETY BERHAD 

Observation from Chart:

MBSB succeed formed higher high & higher low

Will it form another higher high?

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

If breakout RM0.93 resistance level, another higher high is confirm.

Immediate resistance @ RM0.93 level.
Subsequent resistance @ RM0.955 level.

Immediate support @ RM0.815 level
Subsequent support @ RM0.78 level.

Let watch closely...

Technical Analysis Sept 2016: KAREX (5247)

KAREX BERHAD (5247) 

Observation from Chart:

KAREX (5247) forming triangle pattern.

It manage retest support level & rebound.

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

Immediate resistance @ RM2.45 level.
Subsequent resistance @ RM2.60 level.

Immediate support @ RM2.30 level.
Subsequent support @ triangle support level.

ZIKA news:-
To Prevent Zika, Huge Condom Billboards Going Up in South Florida Source: http://www.browardpalmbeach.com/

Obama’s Zika Advice to America: Use Condoms Properly
Source: http://www.cnsnews.com/

Zika: Condom and gloves sales set to rise
Source: http://www.freemalaysiatoday.com/

Let's watch closely

Technical Analysis Aug 2016: GBGAQRS (5226)

GABUNGAN AQRS BERHAD (5226)

Observation from Chart:

GBGAQRS (5226) forming ascending triangle pattern.

Will it breakout RM1.18 resistance level & go higher?

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

Immediate resistance @ RM1.18 level.
Subsequent resistance @ RM1.28 level.

Immediate support @ RM1.12 level.
Subsequent support @ ascending triangle support level.

For news pertaining GBGAQRS:-
AQRS to get RM500 mil SUKE subcontract
Source: http://www.theedgeproperty.com.my/

Company do make clarification pertaining that news.
For full info, pls refer www.bursamalaysia.com

Let's watch closely

Technical Analysis Aug 2016: AAX (5238)

AIRASIA X BERHAD (5238) 

Observation from Chart:

AAX (5238) retest ascending triangle resistance level.

Will it breakout this strong resistance?

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

Immediate resistance @ RM0.41 level.
Subsequent resistance @ RM0.49 level.

Immediate support @ MA20 level.
Subsequent support @ MA50 level.

Let's watch closely

Technical Analysis Aug 2016: DSONIC (5216)

DATASONIC GROUP BERHAD 

Observation from Chart:-

DSONIC (5216) retest RM1.44 resistance.

Will it breakout & go higher ?

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

Immediate resistance @ RM1.44.
If able breakout, subsequent resistance @ RM1.50 & RM1.55 level.

Immediate support @ RM1.40 level.
Subsequent support @ RM1.35 level.

Insider acquired from the open market @ RM1.405

Source: www.bursamalaysia.com

Let's watch closely.

Technical Analysis Aug 2016: HAIO (7668)

HAI-O ENTERPRISE BERHAD

Observation From Chart:

HAIO forming higher high & higher low.

Will it breakout RM2.95 resistance level?

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

Immediate resistance @ RM2.95 level.
Subsequent resistance @ RM3.00 level.

Immediate support @ RM2.88 level.
Subsequent support @ RM2.86 level.

HAIO proposed share buy back again.
For more info, refer Bursa Malaysia website.

Source: www.bursamalaysia.com

Let's watch closely.

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