ECONBHD - Attempt to depart from 0.755 hit strong resistance, but luckily indicators still remain strong, Stochastic continue to head north. It must successfully push towards upper BB to allow further upside to kick in.
Recap our earlier message for those who want to contra, MYEG has hit forecasted resistance at 1.23 today, good to consider exit. Indicators are turning bullish following these few days price recovery, but careful stock in bearish trend will easy to deteriorate recovering indicators.
FKLI - Congrats those longing the index, hit forecasted resistance at 1,600, with widening BB & surging MACD, we expect further bullishness will continue to unleash. Next resistance observable at 1,619
MRCB - Waiting to breakout from channel formation, bullish bar pushed above upper BB with stronger buying interest is positive sign. RSI & MACD head higher. Resistance at 0.78 must be broke to inch higher towards 0.84
DESTINI - Bearish stock but just staged for bullish breakout from falling trendline. Widening BB and the rising magnitude of RSI & MACD suggest further upside possible. Support good around 0.21 to 0.22, resistance at 0.25
FKLI - 4 hours chart has RSI & MACD continue to soften, but the index is trying to forge support new above MA50/ level close to 1,565. If the formation successful, shall lead the index to retest strong resistance level at 1,580
KAREX - Bearish engulfing candle formed upon touching MA50, signalling strong resistance at this level, immediate support at 0.43. The stock is still in big bearish trend, volume is thin, rebounding indicators may have hard time pushing above since trend is bearish. So good to avoid.
YINSON - Today's long bearish bar may probably create a lot doubts among investors. Of course, this is sell on news candle. But is there any room left to run? Judging from the candle closing, which is done right above immediate support - 6.97/ upper Bollinger Band, and BB just started to widen, also RSI & MACD are both surging towards north, these positive factors...
MFCB - The stock just stage for another round of bullish breakout, which you shall expect further upward continuation. MACD just done bullish crossover, RSI & MACD sloping upward. Resistance can be found at 4.65, support level observable at 4.29
FKLI - 4 hours chart has pushed above middle Bollinger Band and sharp rise in MACD & Stochastic suggest upside momentum shall sustain to higher level. Current support at 1,560, resistance observable at 1,579.50