Selling zones for CO due to super high volume in middle and high range. If its bullish the demand should have higher volume at the bottom cos its accummulating. This looks like distribution character.
Bias to the downside preferred with target 1.280. SL 1.620 local high for invalidation.
Looking at the daily and weekly chart,
it can't go further up and break the previous resistant, it stop at fibo 0.382 and weekly chart MA200 line.
Expecting it KLCI will follow global trend on a correction mode.
Support 1 is at 1548
Support 2 is at 1500
CAREPLUS GROUP BHD
This counter after sideways movement for a bit of time is now expected to make an uptrend movement.
it is currently trading at 0.755.
Support:- 0.625,0.675
Resistance :- 0.910, 1.055.
the current Relative strength Index (RSI) is 76.06
SCANWOLF CORPORATION BHD:-
This Counter is running on an uptrend for long time and will continue to do so.
It is expected that it will continue makeing Higher Highs and higher Lows.
Currently trending at 0.460
Support:- 0.340,0.305
The Relative Strangth Index is at 71.64
Can be considered as an short buying option
BINA DARLUAMAN BHD
After an downwards trend movement this counter is all set to make an upside movement in coming days. counter was showing slow downwards from last week and now is ready to have some correction and some bounce is expected.
The current trending point is 0.660.
Support:-0.665,0.595.
Resistance:- 0.720, 0.780.
The Relative strength index (RSI) is at 55.95
MMS Ventures rose and hit the RM 1.08 resistance level. With its 21-day moving average in an uptrend, coupled with a high a higher trading volume, there is a good change that it would experience a technical breakout and head towards the short-term target price of RM 1.12, followed by RM 1.15.
The downside support is marked at RM 1.03. Traders are advised to exit...
Kobay Technology cimbed and touched the RM 6.04 resistance level. With its RSI Indicator pointing upward, coupled with a higher trading volume. We see a possibility for a technical breakout. If this happens, we expect it to move towards the short term target price of RM 6.25 abd RM 6.38. The downside support is projected at RM 5.77. Traders are advised to exit...
Looking Good to take from the reversal . For KLSE stocks intra day and contra day trading for Target and Stop loss
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Since its commencement in 1985, the Hextar brand has been marking its place as one of Malaysia’s foremost agrochemical companies. Today, the Hextar Group is a leading crop management solutions provider, both...
The Covid-19 incident hits hard.
There are bright future of Airasia.
But, the market need rest.
I would prefer to do Dollar Cost Averaging (DCA) or wait for the Correction.
Good Luck.
KLSE is completing Wave iii of (i) of 3.
The uptrend just begun.
Should expect more goodness in Malaysia's economy soon despite upraising Covid-19 cases.
Stay save everyone.
High volume is building up,
buying momentum positive.
Possible challenging previous high, RM1.10
1st TP : RM0.95
2nd TP : RM1.10
CL : RM0.845
Risk & Reward : 4
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
