Klsemarket
SCANWOLF CORPORATION BHD (01/04/2022)SCANWOLF CORPORATION BHD:-
This Counter is running on an uptrend for long time and will continue to do so.
It is expected that it will continue makeing Higher Highs and higher Lows.
Currently trending at 0.460
Support:- 0.340,0.305
The Relative Strangth Index is at 71.64
Can be considered as an short buying option
BINA DARLUAMAN BHD OUTLOOK (30/03/2022)BINA DARLUAMAN BHD
After an downwards trend movement this counter is all set to make an upside movement in coming days. counter was showing slow downwards from last week and now is ready to have some correction and some bounce is expected.
The current trending point is 0.660.
Support:-0.665,0.595.
Resistance:- 0.720, 0.780.
The Relative strength index (RSI) is at 55.95
Buying move in MMS Ventures MMS Ventures rose and hit the RM 1.08 resistance level. With its 21-day moving average in an uptrend, coupled with a high a higher trading volume, there is a good change that it would experience a technical breakout and head towards the short-term target price of RM 1.12, followed by RM 1.15.
The downside support is marked at RM 1.03. Traders are advised to exit on a breach to avoid futher losses.
Trading Call: Buy on breakout RM 1.08
Target: RM 1.12, RM 1.15 (Time frame: 2-4 weeks)
Exit: RM 1.03
A Buying range in Kobay Technology Kobay Technology cimbed and touched the RM 6.04 resistance level. With its RSI Indicator pointing upward, coupled with a higher trading volume. We see a possibility for a technical breakout. If this happens, we expect it to move towards the short term target price of RM 6.25 abd RM 6.38. The downside support is projected at RM 5.77. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM 6.04
Target: RM 6.25, RM 6.38 (time frane: 2-4 Weeks)
Cut loss: RM 5.77
Trade for ContraLooking Good to take from the reversal . For KLSE stocks intra day and contra day trading for Target and Stop loss
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Since its commencement in 1985, the Hextar brand has been marking its place as one of Malaysia’s foremost agrochemical companies. Today, the Hextar Group is a leading crop management solutions provider, both domestically and globally, thanks to its specialised agrochemical products supply chain. From research and development, to manufacturing and distribution, Hextar has consistently provided new and improved superior agrochemical products to its customers.
MESB - BULLISHThere was frustrating Correction from the past weeks.
But wave Y is completed.
We are looking for Long at the right place.
Good luck .
AIRASIA - THE FUTURE IS BRIGHT, BUTThe Covid-19 incident hits hard.
There are bright future of Airasia.
But, the market need rest.
I would prefer to do Dollar Cost Averaging (DCA) or wait for the Correction.
Good Luck.
TNLOGIS positive momentum building upHigh volume is building up,
buying momentum positive.
Possible challenging previous high, RM1.10
1st TP : RM0.95
2nd TP : RM1.10
CL : RM0.845
Risk & Reward : 4
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Possible technical outbreakLooking at last friday closing with high volume on last trading hours,
buying momentum is building up.
Possible challenging RM1.
TP : RM1
CL : RM0.87
Risk & Reward : 3
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Disclaimer
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Possible technical breakoutPrice action breaking up a long term downtrend resistant line with building up volume .
Some FA info, this company is doing apparel, textiles, fabrics.
And recently they are doing fabric reusable face mask, PROXMASK, www.prolexus.com.my
Targeting +10% - +20% profit from current RM1.12
Risk Reward ratio: 1.8++
Cut loss : -6% (RM1.05)
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Disclaimer
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Positive Momentum building upPrice action breaking up high with increasing volume.
Targeting +10% profit from current 0.675
Risk Reward ratio: 2++
Cut loss : -5% (RM0.64)
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Disclaimer
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Cuscapi daily chart-Since the buy signal sparked in feb 2021, after the long time consolidation period, the stock has formed a top saucer pattern from march through june 2021.
-Stock made a peak in mid march and may before falling and made a rebound respecting the 1/3 speedline that served as a support.
-the recent trading day with the appearance of Marubozu has generated a buy signal from double crossover of EMA 5 and EMA20.
-The overhead congestion of the Chikou line imposing the biggest resistance for the time being. This confluence with the Senkou span A that is overhead the marubozu candlestick.Besides, the 2/3 speedline will also offer as resistance.
-Breaking above kumo cloud and the 2/3 speedline will put the resistance of the previous peak in perspective at range 0.345
-Overall i will take the stock as cautiously moderate bullish.Cautious are because of the top saucer pattern and because of the overhead congestion.Moderate bullish are because of the appearance of Marubozu accompanied by the expansion of volume and the current traded price falls in between the 1/3 and 2/3 speedlinesas as well as the buy signal given by the EMAs validated by the RSI reading that is more >50
-Support level is the 1/3 speedline.
*few other data are purposely not included as this is just purely a case study analysis,not a buy nor sell call.
Possible technical outbreakBoth green lines form a triangle squeeze
Monitor closely, if a strong green bar appear and crossing up, is a strong buy signal.
Suggest entry price 0.595
My first TP will be 0.72
Cut loss if anything go lower than 0.52
Risk reward ratio = 1.7
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.