KLSE
BURSA FINANCE INDEX SHORTGoing to short until test uptrend line unless price break downtrend line to continue uptrend
Bermaz Auto breakout from 4 years rangePrice will retest after breakout from 4 years range
take long after retest done
PCCS setting for last wave up before retrace -strong uptrend
-Day chart DIF divergence
-last wave up before retrace
Bahvest buy in dip-Wait for pull back to retest uptrend line
-monitor price action closely in critical zone and wait for more bullish evidence to take long
-healthy volume release
Day - Bullish pullback
KLSE. FKLI. The last time KLSE blew pass this box. It went down. With the current market sentiment and constant bearish news.
2 scenarios. We might continue to dump today. Or We will get a dead cat bounce then dump further to the next support.
AirAsia Bhd (5099)MYX:5099
Recently, AAGB has gap up due to the announcement of RM0.9 special dividend to shareholder. The Ex-date to entitle for that dividend is on 30-7-2019 which is still far away from today. Therefore, price fluctuation will be huge and no rush to enter yet to entitle for the dividend.
Currently, sentiment around the world has been bearish especially with the US-China Trade War catalyst in play. Expecting further downside for the DJI and followed by the KLSE.
In this AAGB chart, we could see that there's a potential bear flag forming after the substantial rise and followed by a HUGE DISTRIBUTION CANDLESTICK + HUGE SELL VOLUME! I am expecting a retest of around RM2.74 (Green Box) before a further upside to be seen.
Let's see how it goes within this week. Cheers.
KLSE: HengYuan; 4324Today, I want to talk about MYX:4324
According to the chart, we can see that there's small accumulation phrase after the big downtrend (with build up) signifies that the big boys are accumulation the shares.
After the accumulation phrase, it broke out bullish and form a descending triangle and broke back down to the support of the accumulation phrase. This shows the basic textbook "resistance turns support" as the price comes back to retest the previous broke out resistance and jump from it.
Will play close attention at this point and will see if the price holds or not.
Will cut lost if the price broke below support @RM5.13
Priceworth International Heading towards Resistance Level of 9.5PIB managed to break through 200 EMA, which is now its support. PIB will be on an uptrend. Fibonacci Retracements show that it has pulled-back at 50%, (6.5 cents), and should push up to its resistance of 9.5 cents. This resistance level has not yet been broken, since January 2018. Thus, PIB will be a good short-term investment, buying in at 7 cents, and selling at 9.5 cents.
Thank you.
