VS-WB VS BURSA MALAYSIA STOCK 7-JAN-2022 ANALYSIS Continue to look for Long opportunity for VS / VS-WB as long its closed price stay above support level 0.40
BEE (BBD) stays above Zero Axis
#bursamalaysia #vswb #vs #mcdx
Disclaimer:
This published Idea is solely for the purpose of opinion sharing only, and should not be used as investment advice or recommendation to buy or sell any security.
Get your trade advise from a legit broker, your trade is solely your own responsibility.
Thank you.
Bursa
SAMCHEM potential upside TP 0.930Our BMS technical chart detected Signal 2 bullish signal and we see potential to revisit near term resistance TP at 0.930. Immediate support at 0.780.
Once breakout XMA3 at 0.840 and with support of volume price will move higher.
FRONTKN near term resistance at 4.00High demand and shortage of chips in the semiconductor industry will further drive technology sector higher. FRONTKN in our watchlist given its good quarter results and our BMS chart signals are still bullish. Near resistance would be the first Resistance pivot line at 4.00.
TOPGLOV target hit as previously expected (Told you so)MYX:TOPGLOV has hit my second expected target of RM2.00 yesterday.
First target RM2.30 and was spot on achieved in early November 2021. I started following this name since November 22, 2020 and has been posting numerous posts and warnings of it coming down. Yet I get laughed at with people saying how can a profitable company fall to RM2 from a whopping RM7+ after bonus issue?
Well, look at how it fell. To me, whether the company is profitable or not, it doesn't really matter, because prices are moved by supply and demand. It doesn't matter at all if its a profitable company or not, fact is it is sliding down, the actual question you should ask is what are you going to do about it given that it is sliding down. Not sit there and continue to be in denial hoping it will make a comeback and continue to gather all possible news to support your bagholding. That's living in denial.
Hope we learn a lesson from this.
Expecting it to hover around RM1.80-RM2.00 for now. Wil definitely not buy this.
Standby for FCPO trade at Bursa Saham reasoned MA 50 indicator want to hit candlestick. as a pattern to hit the candle we can trade easily after that.
IPMUDA (TP HIT and reverses big time) Told you soMYX:IPMUDA touches target area and reverts down big time. The power of charting.
Well done if you have taken profits.
IPMUDA (Follow up): Uptrend inline with expectationsFurther to my mid September post on MYX:IPMUDA , prices are moving nicely upwards after breaking the RM1.51 trigger. Targeting near the RM2.00 psychological resistance next but it is always good to use a trailing stop while letting profits run.
Some may also prefer to take some profits off the table while letting the balance of the position run with a trailing stop.
Congrats and well done.
Told you so (TOPGLOV chart updates)Following up with my earlier post, MYX:TOPGLOV is moving as expected towards the RM2.30 area first, with some possible support at RM2.00-RM1.80 region.
Just would like to highlight that the "Dollar-cost-averaging" method only works with uptrending stocks. When you encounter stocks that are in an underlying downtrend, implementing the averaging down method will only cause more hurt than gain.
P/S: I do not rely on income statements, balance sheets or market news. In my opinion, the information the charts present is sufficient to easily tell the probabilities of the stock moving in which direction.
BURSA possible ONLY done correction at ≈ RM6. 2/11/21 BURSA price breaking previous low, price might down to around RM6.00 before completing its correction. RM6.00 is the :- 1) Next "peak" of Market Profile 2) The Lower Trend line ( Red) of parallel channel 3) Next Major Demand Zone
ARKQ (Weekly) has potential upsideAMEX:ARKQ has potential to break out to the upside if it manages to close above 85.80. Possible target areas 101.10 and 108.30.
Will likely take some time as this is based off its weekly chart.
harbour higher low start moving up harbour higher low start moving up, my first target is rm1.69 and second is rm2.00
RUBEREX: 0.58 as the key support areaMYX:RUBEREX has reached a key support area which is critical, breaking below this RM0.58 area will likely mean further downside for this name.
Next support all the way down to RM0.30. Good luck.
*If we could just accept that the trend has changed way back in Nov'20, it could have saved 70% in losses.
Potential upside for CYPARK if it manages to breakout (Risky)Spotted a potential breakout to the upside for MYX:CYPARK at RM 1.04 with an immediate target of RM1.26.
However This could be a riskier setup given the amount of resistance levels it needs to overcome in order to move higher.
VITROX getting ready to scale fresh peaksMYX:VITROX is looking set for a surge to the upside again, possibly to reach another new high upon breaking and staying above 19.16.
Possible targets 21.40 and then 22.16
If you are interested in knowing why and how, drop me a message.
Another round for FKLI?MYX:FKLI1! could be headed for another round to the upside IF it manages to break above 1606. Keeping stops tight at 1602.5 with a target area of 1618.
Good luck.
TSLA is looking bullish; $840 target?NASDAQ:TSLA is look really bullish around here and looks like it has momentum for further upside to the $840 region.
RGTBHD (BURSA WK41 2021)
Reversal at MA20 with high volume, higher high and higher low is completed.
Resistance line at 0.525 which is taking profit target as well.
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I am a profitable trader, here is the watch-list for Bursa Malaysia Market.
-TGL Engineered Excellence-
ANCOM (BURSA WK43 2021)First uptrend finished, price breakout the box which consolidated 1 to 2 weeks.
There is two possible entry trade coming days:
(1) Breakout Entry, follow the strong uptrend with volume.
(2) Wait price retrace and a confirmation of rebound.
Since no resistance line on top of price, taking profit target can be set above 2R unless price appear huge bear candle with high volume.
Initial stop loss set at recent low 2.40 or 2.52 (short term trade).
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I am a profitable trader, here is the watchlist for BursaMalaysia Market.
-TGL Engineered Excellence-
OPCOM (BURSA WK43 2021)First uptrend finished, price rebound after cross down MA20 in 2 days with high volume.
Price closed above MA20 as confirmation day for entry trade.
Initial stop loss at 1.11 and target profit 1.755 with 2R which near to resistance line @1.795.
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I am a profitable trader, here is the watchlist for BursaMalaysia Market.
-TGL Engineered Excellence-
ANCOM - Trading OpportunityMYX:ANCOM
Trading opportunity detected and added into watchlist. Based on the following criteria:
Good support above EMA lines.
Daily MACD golden cross.
Ichimoku cloud getting wider.
Entry support at RM 2.66 and holding.
Good volume to indicate momentum.
SIMEPROP awaiting breakout to the upside MYX:SIMEPROP has seen some very sideways ranging action in recent weeks.
Targeting an initial area of RM0.78 IF prices are able to break above the current RM0.665 resistance area.
These are just my views and in no way represent any buy/sell call or recommendation. Information shared are meant for educational purposes.
FKLI headed higher on the 1HMYX:FKLI1! is looking to head higher IF it breaks and maintains above 1597.5 on the hourly. Targeting firstly 1608, and then 1614 thereabouts.
Good luck
EWINT (BURSA WK42 2021)
Price is slightly boost up from a bearish trend since June 2021.
A potential uptrend forming, it can be having two possibility entry points for us:
1. Breakout the recent higher level @0.52 and price will keep up.
2. A retrace after breakout or pressed by 0.52 resistance level, entry trade when rebound.
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I am a profitable trader, here is the watchlist for BursaMalaysia Market.
-TGL Engineered Excellence-
