Oil is yet to be broken out from its major downtrend, Though Brent is retesting its weekly EMA200 with a slight price rejection
No projection here on where the Brent will go. As news on OPEC is still going strong but no real demand of Brent yet !
If we see a price rejection, Brent might fall and retest Fib Retracement on 0.78 points
So AirAsia has a Strong psychological resistance at RM1 as written in previous Analysis
There is no need to have 10 indicators showing you when to buy and when to sell. With the use of Price Action, We know that this week AA Sellers is in the field and controlling the...
This week Carepls shown a very good reversal bull candle that respects the EMA50 weekly very well. We can also see that the candle actually broke the major downtrend that has been sliding for 4 months
The Candle also is being fully supported by the volume candle, expecting carepls to at least run the bull for another week with couple of profit...
A little bit on FA
- Are we going to see A FOMO in the market on GOLD
- The market sentiment on economic recovery, But bitcoin has reaches its All time high and gold shows a good buyer pressure
- 2021 will be a year where many will so-called buy into gold to hedge against the currency inflation
Weekly shows XAUUSD a good...
We get many TA stating that its a double top. Yes its clear that its a double top on a Shorter time frame
When we look at a weekly timeframe which paints a stronger picture, we have already ended with the double top drop or it has yet to happen
If we were to say its a double top, traders would have already exited at 7.4x
We might see a downtrend here, MACD has shown indication of a sell
This might be true because the Bulls are losing their STEAM !
MahSing might drop to a greater demand zone at 70 cents
Weekly timeframe has a stronger implication on the candles, the market is indecisive on where mahsing should go
Watch if 90cent is sustainable this upcoming week, If...
Buy the dip, Careplus is wel supported in the bullish pennant
Is careplus still in trent ? ABSOLUTELY
Weekly shows that price always rebound within the pennant
Ignore daily price fluctuation
Trade within the pennant, Price is within the demand zone.
Specifically for careplus sector, The trend is still intact, RSI has yet to cross below 50 mark. Which...
AA has flew up 90Cents ! Are we able to sustain above the weekly resistance ?
Airasia is still trading in the zone and yet to show any sign of strong breakout
Market psychological traits
1. Vaccine is here - Airlines will restart
2. buy low as economy will recover soon
3. Airasia will be back to RM3
Airasia will surely do a pullback when the market...
Strong Bullish green candle, are we going to see a higher push up to the trendline resistance ?
UMW has yet to break out from their long term downtrend.
We can also see that UMW form a double bottom - expected price to run up to Rm3.6x testing Trendline Resistance
UMW has also formed a double bottom on trend line, expected to run up a couple of bips...
This week's market play, most of the OnG Counters both in Nasdaq and KLCI shows bullish trend
Price Action analysis, show strong bull, testing the resistance area
we might see a couple of bullish days next week till we see a slowdown in the Bull's steam
This week's Bullish candle is supported by the Volume : highly chances the start of an uptrend but...
In daily chart, Topglov consolidates on the red area, we can see strong demand on rm6.XX ,
We call a buy as Vaccine news, Windfall tax, CBP news, Migrant worker, foreign labour has all priced in
We will see Topglov to hover at rm6 for roughly around another week before trend going bullish again
We might see topglove to be bullish around 2021 !
Good bullish uptrend, MACD has shown a Buy Cross with supported RSI trend
Daily dayang shows a good uptrend ; BULLISH !
buy on during retracement - Daily chart shows Bull might be out of steam soon !
Currently MACD and RSI is way on the upside, RSI shows way overbought on daily, Dayang will come down a little while it test the...
Just the matter of months we'll see a good upside on healthcare index
A bull penance has been formed
By next year January we might see a good bullrun on healthcare stocks..
Healthcare points has been consolidation in this pennant showing a good sign that the uptrend might continue
Gloves(Topglove, supermx....) hodlers will benefit from this as many has...
The big 2 dragons, Supermax and Topglov will open the way for tier 2-3 glove counters
careplus with a very strong break on the trendline support, We're seeking a doji candle today as the market look forward on the TopGlove's QR on the 17th
Huge potential to go long with !
As long as the candles stay above the support trend lines and we're good to go ! To the...
Going long on supermax !
1hr chart we could see a strong support at 9.60
on 7th we will see if we can sustain above 9.60 to ensure the continuation of the uptrend,
Major resistance on Rm11 - Breakout at 11 will be the next high for supermax
Major support Rm8
Supermax is still in a strong Bull trend, Correction is completed.
Strong bearish candle still forming, potential downtrend still, 12/8/2020 might see buyers start buying in at support Rm2, Price will hover around RM2.00
Rm2.17 on trend resistance, Strong support RM2
Rm2.42 strong resistance area, Tested twice