Observation:
a) Market Stages:
- Stock is currently in the beginning of Stage 2 (Mark-Up).
b) Trend Line:
- Price traded sideways nearly 4 weeks before moving up, turning Resistance into Support.
c) Price & Volume:
- Price spread is small with very low volume during its sideway move.
- High vol. came when it broke the Resistance, currently turning it...
- Khee San has been on a Downtrend for sometime before starting to move up early of this month.
- Price went out of the Downtrend and starting to move above previous Resistance.
- At the time of writing, we can see that after the last up move, the price spread is now narrow with volume decreasing.
- Based on experience, the price is ready to move up.
- Do bear in...
- Frontken has been on an Uptrend for some time. I did write about it months ago (click on the link below).
- In the recent chart, we see that the price is trying to break Resistance @ RM1.67.
- At the time of writing, we see an LC breaking through this Resistance at its 3rd attempt.
- If this is a genuine break, volume must be high and price will then do a...
Current chart pattern in UEM Sunrise last night is similar to Gadang (click link below).
- Price was on downtrend before being supported at RM0.655.
- It then move up and now hovering above 20MA.
- There are 2 possibilities:
a) If price hovers above RM0.69 with decreasing volume, we can expect price to move up.
b) If price breaks RM0.69, it means market is...
Gadang has a good background in the last 4 weeks.
- Price moving sideways with minimal spread and volume is low.
- It has Sp, followed by a few Test with low volume.
- Price went up few bars before went down in the last bar. Assuming this is a pullback, we need to the see the price movement and volume.
- If pullback succeed, may consider entry at the...
