With weekly and daily price closure maintain above 21-Day Moving Average, its indicate price is intend to move further upward towards 1.00 per share price. However, the closure of the price need to be consistently above 0.7500 to support the bullish movement. Best buy price is around 0.730-0.750 with Stop below 0.700.
Price continue bearish to retest the previous low (price 2.310). Divergence spotted for wave B and D and expecting price will make double bottom at previous low (price 2.310) before start bullish. Waiting the price to break the trend line for confirmation.
KLCI now settle down to support and creating the double bottom. If this support can hold, expected KLCI will go higher this week and test the previous high trend. If KLCI can break up the trend and will continue bullish for this month
INTRADAY ANALYSIS Potential buy price above 0.470, on our analysis if they will break the trend line and find the nearest resistance which is R1 (0.510). At this zone (blue), the decision price either to continue bullish break the resistance zone to find another resistance R2 (0.550) or do rejection at this zone. If rejection, you must TP in here. Analysis from...
Escalating US-China trade war to have negative effect on manufacturing segment. To suspend all carbon steel exports to US. Cut FY19-20 earnings due to unexpected preliminary circumvention. Downgrade to HOLD with TP of RM0.60. Based on Valuation TP of RM0.60 is based on 12x CY18 EPS. This is in line with +1SD of its historical mean PE. Key Risks - Escalating...
Technical analysis: Buy position price above 0.71. Target 0.845 (+15.97%). Stop at 0.65 (-5.63%). Reason : rejection at support area. Possible to boost up the price of share. Fundamental Analysis: TRC annual report show that an increase in other investments from RM 28,004,203 to RM 29,193,952 in next year. This is due to increase investment in partnership RM...
INTRADAY ANALYSIS Two times rejection? possibility change the trends? We will see, if they break through support zone S1 & S2. It means, the continue bearish trend. But if they do rejection at this zone. It's time to BUY this stock. Analysis from Ghibli & Co. Hedge Fund Capital (Malaysia). Any inquiries about investment/analysis please contact us ghiblico.my@gmail.com
INTRADAY ANALYSIS Bearish mood is ON, because they already break support zone at price 0.385. They will continue find the nearest strong support, at price 0.345. After that we can make decision from that, continue bearish or change to bullish mood. Analysis from Ghibli & Co. Hedge Fund Capital (Malaysia). Any inquiries about investment/analysis please contact...
Based on OUR analysis it's time to make decision for BOILERMECH HOLDINGS (0168) TECHNICAL ANALYSIS : Based on current price 0.770 it will continue on bearish on support zone (S1), if they break the zone which is 0.755, it means they want to find the strong support (S2) 0.730. And do the rejection to find the nearest ressistance (R1) at price 0.910. Probability...
If they break the support zone 0.145-0.135 means that it still in bearish mood. Next target support at price 0.105. What if (4057) do the rejection? Potentially move up break the trend line. Possible way to 0.225. At this point you better put buy position. Most important thing will they give the dividend for this March financial year ended? It will affect...
Potential continuously 5234 bullish trend. The near resistance 0.740 (R1) +2.77% but if they break the R1 zone. They will continue find the next resistance which is 0.770 (R2) +6.94%. Be careful with the news will impact the price.
Eventhough this stock is Overvalue. But considering with current economy situation in Malaysia, they still can give 1.75 cent dividend. I'm in. Fiamma's management has done a good job so far and they look capable of steering the company through these volatile times. This year, where JV property project by this company to develop residential properties in Batu...