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COMFORT - will it be COMFORTable up trending?Based on daily chart, MYX:COMFORT looks set for up trending. 1. It test 2.56 on 15th June and stick around for few days and did not get through, the closest one 2.58 on 18th. It is a strong support and now the price bounce up. 2. Using stoch it is confirmed on the 18th as the first day of slow stoch crossing up the fast one indicating a trend reversal. 3. Confirmed by MACD histogram which 18th is the last divergence between main line and signal. 4. All MAs are in good position where 20MA above, 50MA, and 50MA above 200MA. The last thing for a a perfect COMFORT is the price to be above 20MA. Will it happen tomorrow?
MYX:COMFORTLong
by aimit
OCNCASH - what STOCH is telling us?MYX:OCNCASH is a supplier of non-woven fabric, material needed in face mask production. Read here . Few days ago, US Fed declare second wave infection in the country. 19 June, WHO alert on the acceleration of Covid19 cases. Read here . Will people go out without face mask in this time? I will not do that. So what STOCH indicator is showing on OCNCASH daily chart? 6/12/2019, when slow stock cross up the fast, it end up gain 75% about 1 month later. 19/2/2020, after cross up, it end up gain 26% about 3 weeks later. 20/3/2020, cross up happened again few days after Malaysia lockdown, end up gain 193% 3 months later. 19/6/2020, slow STOCH cross up again, where will it heading to? With the news of second wave Covid19 and the opening of more face masks factories, surely there is something good with MYX:OCNCASH this time. I agree that STOCH oversold state can last for few days or weeks, but this might be the beginning of a major trend reversal.
OLong
by aimit
APPASIA - thinking to chip in?MYX:APPASIA has been doing new 52W high. The first one is on 9th June 2020 and i got it covered here . Last week it gain more than 42%, so expect a pullback this week. When will be the ideal time to enter? Based on weekly chart, WTT give an entry signal so those who are thinking to hold for more than few weeks can enter on the first tick on Monday. Looking at daily chart normally it will take a pullback to previous 20D high, for example 0.205, 0.220 & 0.245. When will be next? The nearest is 0.320 or if broken then at 0.295.
ALong
by aimit
AT - bullish continuationAT is a industrial automation provider. It gain attention in Covid19 after indicating to Bursa that it wish to acquire Pearl Glove. Read here . Last week US Fed announce the second wave of Covid19 infection after some states loosen the control. Ref here . Vaccine is expected within 12-18 months, long way to go. PPE, gloves and face masks maker will be kept busy until that. WTT once again indicate an entry after previous week signal. Read here . Enter at 0.15 & SL 0.115 it's heading to 0.195. Oh yes, this is for educational purpose and personal reference only. Consider the risk.
ALong
by aimit
COMFORT - fearful?There are some valid reasons to get fearful on how COMFORT perform lately, especially today. One of the reason for big pullback is statement by Federal Reserve of US that the economic recovery will take a long way to go at least until end of 2022. At the same time Fed also warn of second wave of Covid19 infection. Which means we need a lot more PPE, more gloves, more sanitizer, more face masks. COMFORT will fly again. We are not yet in the situation that we don't need all the items above. Look at the OBV: A - 1.603B B - 1.422B Degrowth: -11.3% C - 2.099B D - 1.757B Degrowth: -16.3% At point D which is today, on balance volume still at 1.757B which is more than the volume when COMFORT shrink due to margin capping by Malaysian banks. Give it a break, COMFORT will rebound stronger.
MYX:COMFORTLong
by aimit