First of all, we start by doing analysis in monthly timeframe. As you can see the price consolidated for long time then the price recently broke the upper zone. At weekly timeframe, we see bullish engulfing candle close and break above trendline. It indicates that the bullish bias is still in contact. We can look for the entry at price level 1.65.
I can see BURSA reaching RM8.10 in the coming months. With their first dividend announced, I think BURSA is a good stock to buy and hold for the first half of the year. What are others thinking?
As we can see on daily chart, we can clear bullish bias when candle closed above 50 EMA. Head n Shoulder pattern also appeared at support. This is strong indicates that the downtrend is near end. We must wait for the retracement until price action confirmation such as bullish engulfing or pin bar in the support zone and around 61.8% level of fibonacci. Next TP at...
Datasonic Bhd oversold on weekly charts can rise above 0.490 level 0.550 possible and on lower side 0.410 is major support
MA20 (Blue) above MA40 (Red) on the Daily Candlestick. 3 Red Heikin-Ashi followed by 1 Green (Confirmation). Entry on opening of the next candle. Exit (10 Days even if in Green or Red)
MENGIKUT TEKNIKAL ANALISIS JIKA MERUJUK KEPADA CHART MINGGUAN , PADA 20 OGOS EMA 10 > EMA 20 (MENUNJUKKAN SHORT TERM UPTREND) MANAKALA PADA 27 OGOS IA SUDAH MULA RETRACE , TAPI PADA CANDLE TERLIHAT EKOR PADA BAWAH (MENUNJUKKAN DEMAND MASIH ADA) VOLUME YG TINGGI TERLIHAT PADA HARGA 0.70 HINGGA 0.80 ( BAKAL MENJADI RESISTAN YG KUAT AREA SINI ) MENGIKUT CHART...
Monthly candle close as bullish engulfing.
TRADING STRATEGY. SHORT TERM. BUY PRICE = RM1.12 TO RM1.13 TARGET PRICE = RM1.235
HSS ENGINEERING BERHAD may have some advantage if the New Malaysia Government failed to stop ECRL project which is collaboration with China Government.
SAPURA ENERGY was acquired by EPF at the lowest price RM0.585Sen. This stock is good for investment with dividend yield 1.71% . For long term this stock may achieve the final target profit level fibonacci 4.236% at RM1.50.
The price broke the resistance zone with large candle. Both 25 & 50 EMA also indicate the bullish bias. As usual, there is an exhaustion after push, so I target to BUY when the price retrace and show candlestick reversal pattern at lower timeframe.
News of "unfavourable political ties" and foreign investors pulling out of emerging markets has sent this ticker crashing downwards despite its solid fundamentals. If we assume that the price has already bottomed out at a critical support level of 5.32, we can be hopeful of a bullish reversal towards realising its actual value over the coming weeks/months ahead.
Preferred view: Target area for wave 4 cycle completion will be around 2300 - 2320. Alternate view: Trading below 2275 will give a good indication that wave 4 is already in place. Let the market decide. Happy trading guys!
FCPO ELLIOTT WAVE DAILY CHART ANALYSIS Complex correction of wave 4 forming WXY double combo. Where X wave = triangle , X = 3 structure & Y = irregular flat. For this counting, im assuming the cycle of wave 4 already complete and expecting the decline movement from 2498 to unfold into five wave movement and my next target is at 2255 area.
FCPO 1 HOUR CHART ANALYSIS - INTRADAY Expecting price to go lower to complete the final wave 5 cycle.
INARI Amerton currently traded above kumo cloud which indicates a bullish sign. Tenkan sen above Kijun sen also indicates a bullish sign. Chikou span is above kumo cloud which give an indication for a bullish momentum. Resistance for INARI is RM 2.53 while the support is RM 2.3 and RM 2.
KLCI might do a further correction since the breakout of the previous support at 1791 point. The next support zone is 1756 point . Overall, KLCI still in the uptrend bias. However, 1756 might be a turning point for bearish momentum. The other support zone is at 1707 point. 24 April 2018 post