mukhriz.mangsor

09:08

mukhriz.mangsor

Several tech & healthcare sector stocks making an early bullish run such as AMD, KLA and DXCM after a dovish Federal Reserve comments on slowing down interest rates hike. However, Fed mentioned interest rates may floating around the 5% level until they see interest rates remain low within the next quarter.

07:38

mukhriz.mangsor

An overview of the market technical analysis from the major indices on the first day of the week prior to major economic data, the NFP. What will impact the market movement this week? We will be looking closely at the commodity market, bond yields, US Dollar and the Gold markets. We also touch on AMD stocks as our watchlist for this week.

mukhriz.mangsor

S&P 500 (INDEX: SPX ): The S&P 500 Index has closed below the 50-DMA for the 4th time this year. Will this be an early signal for a bearish trend? The Technical Insights: Prior to the Friday close below the 50-DMA, the index has dipped below for several occasions beginning on 29th January, followed by the 4th March dip and the 18th June close. But it all quickly...

mukhriz.mangsor

Apple (NASDAQ: AAPL): Analyst firm, Piper Sandler and Wolfe Research has set a positive price target between $135 to $175. The call was made ahead of the Apple event on 14 September. The Technical Insights: The price has pulled back from the high of 7 September and closed below the 50-DMA on Friday, potentially to retest the support around the 145 area. If the...

mukhriz.mangsor

The energy market particularly the crude oil seems to meet its old resistance area as depicted on the Brent crude oil chart. The price confluence area seems intact for the time being and it has been there since 2018. Current outlook for the crude oil market is not buoyed enough to justify its north trajectory. This can also be clearly seen on major oil producing...

mukhriz.mangsor

Those looking for a simple technical analysis (TA) could revisit the use of trendline. Its one of the most basic tools. As depicted in the QCOM chart, one could find the potential move of QCOM. Trendline 1 could tell the reader its a confirmed uptrend with at least 3 point of touches by the trendline. Trendline 2 is also a confirmed uptrend with the same 3 point...

mukhriz.mangsor

The recent breakout made by the crude oil may excite buying opportunities to some. For how long it will last will need to be seen if it could penetrate several layers of resistance ahead. This week price action was not powerful enough to sustain the move. Catalyst and sentiment that could influence the price action not supporting the move too, as energy giants...

mukhriz.mangsor

The symmetrical triangle pattern clearly formed on the AAPL chart, with periods closing to its apex, we just need a volume spike to push the price to the upside. Technology index - Nasdaq - tearing off the physiological 12,200 level it will only be a matter of time for AAPL stock to make the move. Expect additional volatility by next week as several technology...

mukhriz.mangsor

Lumentum (LITE) is near a buy point, after touching 3 points on uptrend line which validates it as a confirmed uptrend line. Consider to buy above the near-term resistance line marked on the chart. LITE has a good sales growth as well on the EPS growth rate for the last 3-years. LITE will announced its earnings today (Tuesday 5 May 2020). I highly suggest you to...

mukhriz.mangsor

With the dynamic support line below the price action, it confirmed to me MSFT still on the bullish bias. I will only consider long on MSFT just above the black lines with the marked arrow on the chart. Set appropriate stop loss according to your risk appetite. Next move will be the previous peak. Please consider volume during the breakout action.

mukhriz.mangsor

After an agreement accord between the Saudi and the Russian the oil market still under pressure, loomed by weaker global demand. A closed below 19.00 may signaled another downside move, but looking over the past in 2001, there present some support around the 16.70. If this level breached, the next plunge will be towards the 1998 low of 10.35 before any sign of...

mukhriz.mangsor

Before the end of 2019, Gold making a good bull run. But with the recent geo political situation in the middle east shows a sudden change of trend. Would you panic and cut all your profit before it continue the dive? It depends on your trading system and perhaps mindset. As for me, I am not exiting but may some position. You need to study the price action on the...

mukhriz.mangsor

The negative divergence depicted by the MACD on the chart has given us an early warning of the impending downward move. Prices keep moving up but MACD shows declining move. Yesterday, Dow Jones ETF (DIA) confirmed the signal with the gap down move. Likely downward target would be around the 270 support area and the 250 area. A break below the latter support level,...

mukhriz.mangsor

The descending triangle chart pattern on TLRY depicts price has closed well below the bottom of the pattern. This would potentially put the price under pressure well under $15 as per the classic rules of the minimum target price.

mukhriz.mangsor

The classic ascending triangle pattern developing in CSV for several weeks just break today, and has propelled the price to over 16% gain in a single day. Based on the minimum target, a potential residual gain up to $28 may be insight.

mukhriz.mangsor

HEVEA potentially have made a cup & handle pattern. The handle briefly break the resistance line. A push beyond this top would potentially gave us a minimum price target towards 0.63 level with stop loss just below the low of the handle pattern.

mukhriz.mangsor

MALAYSIA Stocks: Jaycorp has completed the cup & handle formation with a potential to go higher. Current price may be corrective in nature. Expect further bull move towards the minimum target of RM1.25 with stop loss just below the low of the handle.

mukhriz.mangsor

The ascending triangle pattern has help push the Tesla stock over $299. Expect some resistance at the $300 round number. This stock may hit its minimum target of $325