Bursamalaysia
Very strong uptrend momentum spotted- SCGBHDMarket rebounded today since US market recorded a strong rebound.
Market sentiment getting better and Tech stock doing good.
5G related stock experiencing abnormal gain recently.
SCGBHD would be transferred to main market soon and hence portfolio manager could potentially up stake in this counter.
Volume started to spike up this week showing big funds is collecting ticket heavily.
We notice big boys keep buying at RM0.49~0.RM50
Downtrend reversal confirmed today since price breakout from box resistance RM0.485 evidenced by heavy volume.
Proper shake out done from 23/09/2021 until today.
Banker chips increasing also indicating buying force taking upper hand in deciding future trend.
We expect price to break out RM0.50 tomorrow (30/09/2021) and would experience a good uptrend rally for few days.
Entry: RM0.50
TP:RM0.55
Cut loss:RM0.465
*Buy at your own risk*
PTRANS (BURSA WK41 2021)The price has consolidated approx. 1 month since 7th of Sept, breakout with high volume.
Target profit as 0.75 if the trend can breakout 0.72 and 0.735.
MACD and Stochastic also have appeared bull trend signal previously.
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Palm oil futures headed higherMYX:FCPO1! is looking really buoyant, expecting further upside for this commodity targeting the 127.20 fibonacci area soon.
Upside potential on this.
SKPRES could see further upside in the coming weeksMYX:SKPRES has broken out and is looking to further rally to an immediate target of RM2.05 then RM2.25
What do you think?
Mclean (21/04/2021)21-04-2021
Counter : Mclean
Sector : Commercial Services, Miscellaneous Commercial Services
- Just breakout symmetrical triangle on Daily Timeframe
- Nearest Support at 0.450
- Have momentum to test resistance at 0.540
- Pattern Diamond up shows that the price can go until 0.595 unless it break below 0.435, the pattern will cancel.
- MACD crossing up above 0 and RSI above 50 sign of uptrend.
- MCDX shows good momentum of smart money coming in.
QES - 21-04-202121-04-2021
Counter : QES
Sector : Wholesale distributor
- Uptrend position, just finish retracement
- AHP Bat pattern show price can go up to 0.670, already past the resistance at 0.580 but required to breakout resistance 0.650.
- MACD above 0 and in uptrend position
- nearest strong support at 0.520
- Good smart money momentum
- Nearest resistance at 0.650
KMLOONG Expect to break trendline1. Uptrend market structure with completed Elliot wave 1~5.
2. Price reject EMA100
3. Fibo retracement 38.2
4. Next week earning report might boost the volume.
TSH Re-entry BUY at Wave 41. Uptrend market structure with waves 1,2,3 and now wave#4
2. Testing EMA200+EMA100
3. Analyst TP RM1.40 and now upgrade to RM1.75
4. FCPO in re-accumulation phase possible breakout ATH.
FKLI hourly has potential for a rebound after breakout to upsideFKLI1! has some potential for a counter-trend reversal to the upside if it manages to break above the 1524 level or if it stays stead above this area.
Targeting 1,544.5 in the short term.
BURSA Short Term View. Maybe double bottom. 21/9/21BURSA price near to previous low at major demand zone. Probably forming a double bottom ...
BURSA Long Term View. 21/9/21BURSA probably now moving up to wave b (green) of the running flat (a)(b)(c)(yellow) pattern. Whereby wave b (green) could reach at around RM20.00 on upper trend line of a parallel channel (Cyan/Blue)...
FKLI hourly breaking support?The FKLI1! Index futures are looking to break its immediate 1543 support on the hourly timeframe to head lower targeting a low of 1525.
Drop a comment if you agree.
AIRASIA set for a rebound?Currently having some form of resistance around the RM0.98 region, having able to surpass this, I believe MYX:AIRASIA has much room to move higher.
Targeting an initial area of RM1.50, then RM2.12 and further RM2.63 (lesser probability) IF the initial RM0.98 resistance area is broken.
These are just my views and in no way represent any buy/sell call or recommendation. Information shared are meant for educational purposes.
IPMUDA: Targeting 1.62 for starts, higher after thatMYX:IPMUDA may have the potential to hit its initial target of RM1.62 before surging further IF it manages to break above the RM1.51 trigger.
Good luck.
FTSE Bursa Malaysia Trend Prediction for 20 to 24 September
Greetings, since the trend break through the bottom resistance 1557, now the new test of resistance will be 1527.
The MACD and RSI show the down trend and i feel that it is meaningless to show the indicator, so i use other indicator to show the how the trend is going.
As you see, the trend is down trend now, and the down trend would probably continue at next week 20 - 24 September. Only when the cloud turn into green, and the candle shows up light blue or green colour, then the trend might be rebounce again. When the candle go below the EMA , the EMA will turn into red colour, when it backs to above, the colour will turn green.
Other reason we predict the trend will keep going down is because the week trend and month trend are going weak.
If only the trend does not break through 1527 resistance line and keep above it, then the rebounce may come again.
Again, All the prediction above just assumption, and it is not an advise to purchase or sell the share, please be responsible to your own trade behaviour.
Hope all of you may earn more money and be a rich man/woman.
Game over? #SUPERMXIncreasing downside pressure for MYX:SUPERMX with last line of defense around the RM3-RM3.05 area.
Breaking this level could bring a sharp decline for this name. Good luck.
TOPGLOV - Follow up, further downside expectedFollowing up from my Nov 22, 2020 post, prices have trended significantly lower from then RM7.29 to close at RM3.72 today.
While prices seem to be temporary supported at the RM3.68 area, it is good to note that if this area gets broken on the downside, steep slide will be expected.
Good luck. Next area of support RM2.30.
Wong Engineering _retracement before bounce backWong expected to retrace in the short term before continue LONG journey. Fundamental BUY.
Note: This is not a Financial advise.
FTSE for next week 06 September to 10 SeptemberThe rising of the ftse has ended this weekend, therefore next week may enter into Retracement period. It may take one week or with two week to complete the retracement, then might rise again.
The reason of the prediction is because if we look into week trend, the new higher point is just about to start. This give us credible basis to believe that the trend will rise further in the future.
If next week break through 1557, the trend may drop further but small probability . If rebounce, may look forward to 1642 as the new high point for next two week.
Therefore the suggestion is, observe the trend until it reach 1557, then wait for the rebouce or break through. But, there is more chance to rise in the future if you refer to the week trend of FTSE.
All the prediction above just assumption, and it is not an advise to purchase or sell the share, please be responsible to your own trade behaviour.
Hope all of you may earn more money and be a rich man/woman.
Idea of the FTSE trend for 30/08 - 03/09We have a nice week at 23/08 to 27/08, however we have to prepare for the retracement in future. It might be a big retracement day before National Day, after that might start to drop. Simple analysis as my main analysis is Hang Seng Index, but the whole week may be a bearish trend
FCPO 27 August 2021 : Inside Bar1. yesterday's price breakout the resistance.
2. Today price retests the support again.
3. 5min have formed INSIDE BAR near yesterday resistance.
4. EMA uptrend
How to trade?
1. Buy at the low inside bar
2. Wait for a breakout for either side for entry.
