Simple13_Trading

Simple13_Trading

Current Price: RM 0.96 After previously breaking below the uptrend channel, the stock has shown resilience by rebounding back within the channel support. Despite heavy selling pressure over the past two weeks, the price has maintained a tight consolidation, indicating a potential rebound. Trading Plan Take Profit Area: RM 0.96 to RM 1.08 (within the upper range...

Simple13_Trading

Current Price: RM 3.01 The latest earnings report for this stock is solid, but the absence of a gap-up at market opening suggests the result was already priced in or met investor expectations. Fundamental Strength: PE Ratio: Less than 10 (indicating undervaluation). ROE: More than 10 (reflecting strong efficiency in generating returns). These financial ratios...

Simple13_Trading

Current Price: RM 6.44 I foresee a potential price correction for this stock based on two strong technical indicators, despite its low PE ratio (below 10). Key Observations Inverse Pin Bar with High Volume: The inverse pin bar candle on the daily chart, coupled with high volume, indicates significant selling pressure, a bearish signal that the price might head...

Simple13_Trading

Current Price: RM 2.40 (+6.19% today) Today’s quarterly earnings report showed revenue growth but a QoQ profit drop. Despite the profit decline, the stock opened with a gap up, indicating that the results were above market expectations. Key Observations Technical Breakout: Today, the price broke above the 20 EMA on the daily chart. If the upward momentum...

Simple13_Trading

Today’s strong price surge was likely driven by the recent quarterly earnings report, which the company has declared a third interim dividend, marking its highest annual dividend payout to date. This dividend announcement has likely attracted long-term investors, as evidenced by the substantial inflow of large transactions. Key Observations: High Volume but...

Simple13_Trading

After 76 days of consolidation between RM 4.90 and RM 5.60, this stock has finally broken out with high volume following its recent quarterly earnings report. While the report itself was not particularly impressive, the stock price has surged, suggesting that investors might be betting on improved performance in the next quarter. Trading Plan Entry Area: RM 5.77...

Simple13_Trading

Currently, momentum in the property index is weakening. On the weekly chart, there’s a clear RSI divergence, signaling a potential slowdown. Plus, many property stocks are still trading at high prices, so taking profit could be a good move to manage risk. A key signal to watch is if the 10 EMA crosses below the 20 EMA on the weekly chart for the property index....

Simple13_Trading

Sector Update: The plantation index has been the strongest performing sector recently, showing resilience and upward momentum. Stock Pick: From the plantation stocks, SOP (Sarawak Oil Palms) stands out. I’m waiting for a pullback to enter at an attractive price. Current Price: RM 3.55 Trading Plan Entry Area: RM 3.55 to RM 3.30 Plan to start accumulating if the...

Simple13_Trading

DUFU recently reported a profit loss of RM 3.2M in its latest quarterly report. The main reason for this drop was a forex loss, which I believe is a short-term issue and doesn’t reflect DUFU’s core business health. Looking at some key financial data: Operating Income: Increased by 26.05% quarter-over-quarter, breaking its downtrend. Total Assets: Holding strong...

Simple13_Trading

Technical Setup: The stock took 67 days to break out of the consolidation zone between RM 0.96 and RM 1.16 with high volume, indicating potential bullish momentum. After the breakout, there is a high probability of a pullback, which creates an opportunity to enter at lower levels within the buy zone. Entry Strategy: Plan to accumulate shares during the pullback...

Simple13_Trading

Technical Setup: The stock is trading near its 52-week low, which suggests it might be oversold. The RSI is also in the oversold area, increasing the likelihood of a potential rebound. Financial ratios show PE at 21 and ROE at 22%, indicating that the stock’s fundamentals remain strong, and it may be undervalued at current levels. Entry Strategy: The buy zone...

Simple13_Trading

Technical Setup: The stock previously rebounded from both the uptrend line and the Fibonacci 0.618 retracement level, indicating strong support. However, if the uptrend line breaks, it could signal a weakening of the bullish trend. Entry Strategy: Buy MI Technovation shares in the entry zone between RM 1.74 and RM 1.90. This range offers a favorable risk-reward...

Simple13_Trading

Current Price: RM 2.08 Profit Target: RM 2.30 Buy Zone: RM 1.95 - RM 2.08 Entry Strategy: Start accumulating KOSSAN shares in the buy zone between RM 1.95 and RM 2.08. This range offers a favorable risk-reward ratio. Profit Taking: If the price reaches RM 2.30, take profit, as this area is considered a resistance level or the stock may be overbought, and it...

Simple13_Trading

Today, we explore the buying opportunity base on trendline support, weekly 20 EMA support, Fibonacci retracement and area of support base on price action. Technical Analysis: 1) Uptrend - As refer to the chart above, the uptrend is still intact. Previously, it broke the consolidation area at 2.18. - 30 EMA above 50 EMA / 50 EMA above 100 EMA / 100 EMA above 200...

Simple13_Trading

Would like to share my trading strategy that combines the three elements as below. 1. Identify a stock that has been in a consistent uptrend 2. Consolidation for longer period. (Above case: > 120 days) 3. Use Fibonacci retracement levels to identify the potential support for first fraction shares buying opportunity. 4. Use trendline to identify the potential...