Although on the prior move, we knew that the KLCI will move lower to the support and trendline area which indicates the final wave (Z) correction and (e) in triangle. We were hoping that the price will bounce on these 2 support lines. It did for at least 2 weeks and moved 32.61 points above. As of now, I will stay neutral on Malaysia's economic, if price breaks...
Key level = 2139 Critical level = 2095 Expectation: Still with the idea of wave (3) of ((3)) in play, downward movement today we see as a corrective pullback marked as wave 2. Looking at a lower timeframe, we label the sub structure as a motive wave with an extended wave 5. Key level 2139 must hold for this wave analysis. Reality: Let the market decide. Hanya...
Key level = 2095 Yesterday price movement breaking below 2147 clearly telling us that wave (2) still not in place yet. Working on one wave at a time, I’m going to wait and see the development for this downward movement and adjust my plan accordingly to the market tune. Happy trading
The Malaysia FBMKLCI entered into a Long Term Downtrend since last year 2018 in the month of September the index formed a Deathly Crossover of the 3 lines applied. Since then the index had it's momentum hammered all the way downward from 1,826 to 1.626 lowest in the month of December 2018. As the global market starts to recover entering into the Year 2019 on...
TENAGA (5347) Last seen Bullish Trend was from August 2018 - September 2018. Bearish Trend occurred since October 2018 - Now presently 2019. Price slide down from RM15.50 to RM12.00 (-22%) and will continue to persist until evidently proven price has reversed its trend into a Bullish Trend in the near future. Don't ride on a Bearish Trend stock!
Key level = 2095 Price already reach target retracement area 50-61.8%. In my own personal opinion, there is still some room left for wave (2) retracement. Waiting for a clear evidence before too see if wave (2) have bottomed. Key level must hold for this wave idea. Let's see what the market will offer us. Happy Trading Want What The Market Want.
KLCI now settle down to support and creating the double bottom. If this support can hold, expected KLCI will go higher this week and test the previous high trend. If KLCI can break up the trend and will continue bullish for this month
Kindly click FOLLOW to receive more updates. Kindly click LIKE to receive more updates. NOVAMSC (0026) A Price Breakout into long term uptrend pending. A close above RM0.130 and maintain above this level will keep this stock in its upward momentum in the long run. **IMPORTANT** Ideas shared are merely just for analysis and studies. No buy or sell call...
HIBISCS (5199) Golden Crossover formed on February 2019 based on the 3 lines. Consolidating below its Midpoint price RM1.06 for a month. Today the breakout above its Midpoint signify further rally ahead. **IMPORTANT** Ideas shared are merely just for analysis and studies. No buy or sell call actions should be taken seriously unless the person reading...
DAYANG (5141) a darling stock for all since January 2019 One of the darling oil & gas stocks in Malaysia that rallied +250% ROI within a span of 3 months! Golden Crossover of the 3 lines formed in the month of February 2019. Mid point price resistant at RM1.70 Price retrace from RM1.70. 1st gap at RM1.18 2nd gap at RM0.825 DAYANG looks comfortable...
Key Level = 1940 From our previous analysis: “Expecting a 3-structure movement in corrective fashion to complete correction wave (ii) from my personal opinion, I would like to see the end of wave (ii) at the area of 2093 – 2026” Wave (ii) unfold into zig-zag pattern and we can see a clear 5-structure movement for wave C toward our target area. With the idea of...
Berita terkini tentang pengambilan 4 buah tol berkemungkinan akan meningkatkan lagi minat pelabur-pelabur untuk membeli saham GAMUDA pada esok hari. Ini kerana, jika kerajaan mahu memiliki tol-tol tersebut, GAMUDA akan memperoleh sejumlah wang. Wang tersebut dapat digunakan untuk GAMUDA untuk melabur di dalam projek-projek baru. Jika kekal di atas RM 3.020 TP1...
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?