Bursastocks
KLCI/FTSE Bursa Malaysia - Wave/Trend AnalysisWe are in the current horrifying pandemic which puts most businesses at an unhealthy level. Most commercial projects are not moving especially in Construction Industries. Most traders are worrying that their investment in Bursa Malaysia will lead them to losses or maybe book yourself a seat to dive straight to the ocean.
Through my analysis, I don't see it as anticipate problems. Generally speaking, the Malaysia economy is still in a good shape, I'm not saying it is good, not that bad either, but nothing to worry about if you would like to start to invest in the Bursa Market.
The current KLCI price is between 1460 ~ 1480 as of November 2nd 2020, and yes, price will go even lower, and it is not because of bad business but rather bad politicians that screw up the foreign investor confidence, when I say politician, I meant both the government and oppositions.
Let us hop into the conclusion. Well, I am looking at the most, the price will go down to 1400 range (Target 1) or 1290~1300 range (target 2) before shooting up into the recovery of our economy, and this must be due to:
1) The introduction of Covid 19 Vaccine worldwide (Most probably will be supplied by end of 1st quarter in 2021)
2) Changes in Malaysia's political rulers through a valid and legit process.
3) 5G which includes the construction of telecommunication structures in Malaysia.
If you are looking for a long term trade, then next year might be the year. If you are a Day-Trader, there are a lot of stocks that you can look up to. Downtrend? Bear Market? no worries, trade when the stock is doing correction. :)
FGV DAYTRADINGMy analysis,trading and entry is based on daytrading ONLY. I dont swing. My target TP would be around 1.160 and the position should be fill at least by monday morning. Good luck!
FBMSCAP possible dead cat bouncekalau kita tengok based on weekly kita dapat lihat momentum masih kuat untuk ke bawah. price dah hit support dekat area psychological 8000.
berkemungkinan price akan membuat rebound mencari 38% fibo line di area 10000 sebelum price meneruskan kejatuhan mencari area 7000
tetapi sekiranya pada minggu ini atau minggu depan support 8000 break kita dapat lihat selling masih boleh berlaku dan mencari support sebelum ini di area 7000
#remisierMIB
#stallionbrothers
JCY - Trade & InvestChart:
- Downtrend, attempt to break.
- Starting of markup phase after distribution phase since early 2019.
- Monitor this counter for 2020 opportunities.
Trade:
- Still under downtrend but looking at an attempt to break downtrend-line.
- Volume among the highest since Sept 2019.
- No sell signal yet.
- Breakout on 31st December 2019 after little pullback on 30th December 2019.
- Enter anywhere ranging 0.33 to 0.35.
- There might be strong resistance around 0.40 so be careful around there.
Invest:
- Fundamentally is not a good company to invest, but the performance has shown some improvement in the FY19.
- Net Profit at negative (red) area but possible turnaround in FY20.
- Wait until 0.40 resistance is broken. Then be friend with the trend line and the possibility to hit 100% return is quite promising given the company is improving in term of performance.
CAHYA, truly a 'Sparkle' in your investment.I will put my money in this stock. PERIOD!
CAHYA is one of the companies that supply raw materials in construction. They involve in the constructing of PAN Borneo Highway, billions of ringgit telecommunication tower project which was awarded to 5 contractors including them and many more. Don't forget that in Sarawak, the state only accepts local companies with employees 90% from Sarawak only. What I'm trying to say is, there are not many competitors in the state and we can expect a very good return.
Back to the chart, it is now has completed the last wave of correction, and it is currently at the demand zone before heading up. DTosc and Stoch indicator shows that the market is biased in the OS area since the last trend wave which was in June 2015, it also means the market no longer wants to go 'down'. There is also a divergence in MACD showing that the momentum was weak. I will definitely put my money when Dtosc and Stoch market reaches the OB area and making a 'change of route' in that area. Surely it will be a good investment.
DAYANG (5141) Retracement to Its Gap?DAYANG (5141) a darling stock for all since January 2019
One of the darling oil & gas stocks in Malaysia that rallied +250% ROI within a span of 3 months!
Golden Crossover of the 3 lines formed in the month of February 2019.
Mid point price resistant at RM1.70
Price retrace from RM1.70.
1st gap at RM1.18
2nd gap at RM0.825
DAYANG looks comfortable to drop towards RM1.18 to close its 1st gap.
If there is a need to head towards its 2nd gap that will be real cruel to all investor and trader whom did not fold this stock at high.
Know when to hold'em, and most importantly know when to fold'em.
**IMPORTANT**
Ideas shared are merely just for analysis and studies. No buy or sell call actions should be taken seriously unless the person reading this has done his/her part of analysis at their own free will.
