1620 has been a strong resistance point for KLCI for a long time. It has just broken it this week and it's good time to LONG all fundamentally sound companies especially those that has profitable income and net cash
Rounding bottom pattern validated after neckline broken last 2 weeks. Last week the price has broke the resistance since 2013 with volume. TP1 0.175 TP2 0.225 CL 0.13 1. PA is on a strong recovery trend in technical and fundamental. 2. Aluminium spot price and demand is increasing. 3. First solar (NASDAQ listed company) is their client, which is going to...
After successfully breaching enemy defense at .33-.34 border, IFCA continues to march forward only to be halted by quite a strong enemy force at .49-50 outpost. IFCA had fallback to resupply at the previous defeated defense of .33-.34 and is now ready to launch a full frontal to penetrate that heavy defense at .50. If it manages to breach that defense, the road...
MYX:HWGB-WD is poised to retest its .815 retracement level after successfully broken the downtrend resistance. It has also succesfully bounced from the RBS and now is ready to fly to the next roof. Currently its mother trades just shy below RM1 while its peers like MYX:SOLUTN and MYX:BINTAI had already broken past RM1 and maintain above that level. We...
MYX:ZELAN has been breaking up trendline resistance and might continue to do so especially given the sectoral comeback post-budget 2021 which saw some bullishness towards construction sector. Any pullback can be strategically averaged down as long as it does not break below .10. DISCLAIMER: This is not an investment advice nor a buy call. This is just some...
Technicals Longterm: Bear 🐻📉 Midterm: Neutral (Sideways-Up) 🐻🐮 📈📉 This Month: Seasonally bullish in Dec 🐮📈 👇🏻Prev idea still largely intact, albeit with an added hint of Dec bullishness / year-end rally 🔔Watch: Budget2021 debate & its subsequent approval/rejection flat on FKLI; might take a seasonal Dec long near current sideways range low,...
I will be looking forward to going Long at the red highlighted zone. Yes although the factories now are temporarily closed, it is expected that they will start with their operation in the next 2 to 3 weeks after the Quarantine period. My criteria to go Long when it reached the Zone: 1) Dtosch/Stoch Crossing up 2) Low bearish volume with small CandleS / High...
Practising my EW count. In my opinion, KLCI has completed its Wave 5 and currently having its pullback heading to the south. Just my 2 cents!
The price did a pullback for the previous one month and had retraced just nicely on trendline support. Heiken Ashi just turned green on last Friday as well as Parabolic SAR on daily timeframe had shown its first buy signal which indicates a reversal in near term from downtrend to uptrend will take place. Ride the trend until it bends. Price will try to break its...
The recent daily candles shows that inverted cup and handle is in the making. Inverted CNH pattern is valid when the daily candle close BELOW neckline with high volume above monthly average (Scenario 1). The pattern is invalid when daily candle close ABOVE down trend line (Scenario 2) If neck line is broken, next price will test strong support 0.27
Index testing prev major LH near 162x, with momentum weakness above 158x... Fundamentally, there's a lack of new positive triggers for price to go higher, neither for a strong bear case (unless go full MCO again)... Thus, I'm keeping to a wide sideways-down view as long as Major R / 1600 mark resists. Watch: Immediate UTL breakdown , may invite bears Shall...
Just ignore the current vaccine news because the trend is your friend! Unless RM6 is broken which indicates M-shape trending since June 2020. Good opportunity to load some around the current level and RM6 level. In other words, "Buy on Dip" with good risk vs reward opportunity. Take care, stay safe everyone.
Detail @ The Chart