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.
Bursamalaysia
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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NYLEX (BURSA WK42 2021)After a long consolidation since May till Sept, price was started boost up at 15 of Sept.
Stage 1 is completed, and Stage 2 - Uptrend is on going.
A trade reversal retracement at 14 Oct and 15 Oct is a confirmation day. Bullish candle with volume (1.2x average volume), Stochastic golden cross at 30.
Initial stop loss at 1.10 recent lower level. Target profit 1.35~1.40 with 2R if can cross up resistance line at 1.26
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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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I am a profitable trader, here is the watch-list for Bursa Malaysia Market.
-TGL Engineered Excellence-
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
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.