Hello Malaysian traders...the demands with CCK product is amazing. I believe that supply world chain is not going well right now, due to closure nation gates because of the plague. For current trade, is resting mode after U shape, I missed the moment. Perhaps next time this stock price will be my fav. Projection profit target is to reach at Tp.1, foresee need to...
Looking to the price daily chart, the price is about to breakout the 1370.00 which is the key before the price going to 1400.00. I am holding the buying position today as the price of value RSI showing up before the previous value. The confirmation also has been develop after the candlestick eating all the price previous day. Ringgit has strengten against the...
"Dont buy or sell until you see significant pattern and price. Price has inertia because it carry heavy volume inside the price. Follow the trend and the trend never wrong.." -Zezu Zaza Bursa Saham Trading @ Hotel Armada Petaling Jaya 15th November 2019 As you can see the world market right now is contain of fear. Great great depression is on the way. Economy...
After Fed announced to drop the interest rate from 1.75% (29th Januari 2020) to 1.25% (4rd March 2020) , the stock KLSE will be bounce on Thursday 5th March 2020. This is a good news for Malaysian Ringgit after to recover from the resignation of the Prime Minister of Mahathir Mohamad on 24th February 2020. As you can see on my illustrated chart, the demand has...
Think to buy BRAHIMS only if it surpasses above ST Resistance level @ 0.310 or Pullback @ 0.255-0.266 BRAHIMS last close (6 Feb 2020) was RM 0.26, +0.030 (+13.04%).This market condition is considered to be bearish. Fundamental for BRAHIMS (9474). brahimsgroup.com FA Ratings : N/A PE = -0.64 ROE = 0.00 % DIY = 0.00 % Mkt Cap: 61.4M (RM) in Small Cap,...
With a few confirmations on the daily & weekly chart EMAs crossing, we can confirm that the trend has changed, and we would most likely see it hit first TP 0.27, second TP 0.30. Another confirmation signal is by using XABCD patterns, it has form a Bullish Gartley. Trend : Bullish
Pullback around : RM 9.00 Targeted Area at : RM 9.50
Jaycorp may soon test the RM1.15 resistance level. With a rising RSI, a bullish bias may be present above this mark with shortterm target price of RM1.20 and RM1.25. It may continue moving sideways if it fails to cross RM1.15 in the near term. The downside support is then anticipated at RM1.10, whereby traders may exit on a breach to avoid the risk of a further...
Power Root may soon test the RM2.24 resistance level. With an RSI above 50%, a bullish bias may be present above this mark with target prices of RM2.40 and RM2.50. Meanwhile, it may continue moving sideways if it fails to cross RM2.24 in the near term. Support is then anticipated at RM2.08, whereby traders may exit on a breach to avoid the risk of a further...
RM2.180 maybe
My previous analysis based on EW was right at the first place when it bounced at the last 'Z' wave during its correction moves. However, after it manages to rose 8% from the previous low in the Z wave, it started to plummet down and now it has made a lower low that passed the previous correction wave. Based on my Monthly chart analysis, what I see was it is still...