Technical Analysis Sept 2011: BURSA (1818)

BURSA MALAYSIA BERHAD

Observation from Chart:-

After huge retrace down, Bursa formed a support RM5.83 level & start rebound.

How high will it go?

What's the immediate resistant level?

Other indicator:-
Reversal candlestick been formed.
MACD at negative region, it is downtrend itinerary.
Stochastic %K do trigger buy call.

Immediate resistant RM6.38 or MA20 level.
Immediate support RM5.83

Let watch closely for technical rebound.

Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Sept 2011: MAYBANK (1155)

MALAYAN BANKING BERHAD

Observation from Chart:-

MAYBANK hugging bolinger lower band keep forming lower low.

How low will it go?

What's the immediate support level?

Other indicator:-
No reversal candlestick been formed.
MACD at negative region, it is downtrend itinerary.
RSI & Stochastic %K at oversold stage BUT no trigger buy call yet.

High probably will retest RM7.05 or RM6.95 support level.

Let watch closely for technical rebound opportunity.


Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Sept 2011: SAPCRES (8575)

SAPURACREST PETROLEUM BERHAD

Observation from Chart:-

22 Sept 2011, SAPCRES have been break dwon MA200 support level.

Next trading day, it gap down & closed at RM3.47 level. (-5.2%)

Other indicator:-
No reversal candlestick been formed.
MACD at negative region, it is downtrend itinerary.
Stochastic %K at oversold stage BUT no trigger buy call yet.

High probably will retest RM3.30 support level.

Let watch closely for technical rebound opportunity.


Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Sept 2011: BENALEC (5190)

BENALEC HOLDINGS BERHAD

Observation from Chart:-

After BENALEC break down RM1.21 support level, it was no rebound. (-RM0.21 or -17.4%)

Today, it do retest RM1.00 physiology level & formed a bullish engulfing rebound.

This round rebound, it might retest RM1.21 resistant level.

Other indicator:-
MACD indicator at negative region, downtrend sign.
RSI & Stochastic %K extremely oversold stage, buy call been trigger.

Let watch closely.

Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Sept 2011: MRCB (1651)

MALAYSIAN RESOURCES CORP BHD

Observation from Chart:

21 Sept 2011, MRCB retest RM1.76 support level & rebound.

How high will it go?

Resistant would be around RM1.97 level or MA20 level.

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

Let watch closely for technical rebound...

Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Sept 2011: MSM (5202)

MSM MALAYSIA HOLDINGS BERHAD

Observation From Chart:-

20 Sept 2011, MSM (5202) break down bolinger band squeeze & retest RM4.93 support level.

Subsequent support at RM4.45 level.

Other indicator:-
MACD at negative region, downtrend itinerary.
No reversal candlestick been formed.
RSI & Stochastic %K at oversold stage, NO trigger BUY call yet.

Let watch closely for technical rebound.

Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!

Technical Analysis Sept 2011: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD

Observation From Chart:-

Since SUPERMAX break down RM3.60 support level, there is no rebound.

As 14 Sept closing price, RM2.32 which is -RM1.28 or 35.3%

Current support is RM2.32

Subsequent support at RM2.00 level.

Other indicator:-
MACD still at negative region, downtrend sign.
No reversal candlestick been formed.
RSI & Stochastic %K at oversold stage, already trigger BUY call, pending confirmation.

Let watch closely for technical rebound.

Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Sept 2011: BJTOTO (1562)

BERJAYA SPORTS TOTO BERHAD

Observation from Chart:-

15 Sept 2011, BJTOTO super bullish & break through 3 major resistant which are MA200, MA100, MA50 resistant level with huge volume.

Subsequent resistant is around RM4.50 level.
Immediate support is around RM4.32 level.

Other indicator:-
MACD moving toward positive region BUT pending confirmation.
Stochastic %K been trigger BUY call.

Estimate next few days, BJTOTO will announce their quarterly report.
Will it break through RM4.50 level? It rely on coming BJTOTO quarterly result + dividend.

Let watch closely...

Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Sept 2011: GAB (3255)

GUINNESS ANCHOR BERHAD

Observation from Chart:

GAB keep consolidate & retest MA200 support level.

If able rebound, immediate resistant would be MA50 / MA100, which is around RM10.30 level.

Other indicator:-
MACD have been bullish crossing BUT still at negative region.
Stochastic %K still on buy call position BUT weak buying power.

However, if break down MA200 support, immediate support level is around RM9.85 level.

Let watch closely for rebound opportunity.

Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Sept 2011: AIRASIA (5099)

AIRASIA BERHAD

Observation from Chart:

AIRASIA keep consolidate & trade above MA100 support level.

High probably it might be retest RM3.66 or MA50 resistant level soon.

Other indicator:-
MACD is going bullish crossing soon BUT still at negative region.
Stochastic %K still on buy call position.

However, if break down MA100 support, MA200 is immediate support level, which is around RM2.97 level.

Let watch closely for rebound opportunity.

Disclaimer:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!