TEKSENG TP +20%As shown on the chart,
selling momentum is decreasing, and price action show us, the buying interest is back
cutloss is 5%, profit is 20%
Klsemarket
SCGM TP +20%As on the chart shown, this is key level support,
and a VCP pattern is formed (flag pattern)
looking at the risk and reward ratio,
TP will be 20% from here and cut loss will be 5% below
Ekovest possible challenge previous resistant 0.635 - 0.75Ekovest is at the bottom of the uptrend tunnel,
we can enter at this level and aim for the previous resistance around 0.635.
Risk reward Ratio = 1 : 3
First TP RM0.635
If it breaks 0.635, it might go up higher to 0.75
Cut loss at 0.515 / 0.49
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KLSE possible to stay above 1700 in year end?KLSE index now is at all-time high since July 2019,
it reached top of the tunnel, can it really break up and head to 1800?
With so many uncertainties in political problems and increasing numbers in Covid, EPF cashing out, I'm doubt about it..
I'm expecting a rejection very soon.
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LAYHONG POSSIBLE 50% return TP RM0.535As shown on the chart,
Price action crossed up the long term downtrend resistant line with Volume,
Low1 and Low2 formed a Divergence in MACD.
1st TP will be at RM0.45.
2nd TP will be at RM0.535.
Cutloss at RM0.27/RM0.28
Profit Loss Ratio = 3 : 1
KLSE (MYX)Detailed Elliott Wave Count for Malaysia's KLSE index since its inception.
Once Primary Wave 5 is in - we'll probably head into recession, though that's still a long way to go; probably at least a decade.
BURSA possible upside RM10++Bursa previously has retested 2 times at RM 7.8, but failed to break lower.
Hence we can take that as a strong supporting zone.
And looking at the momentum, selling momentum is changing to buying.
Looking forward to retest the previous resistant Rm10.20+
Risk and reward 1.8 : 0.8
And coming QR is promising!
JCY supporting key levelJCY has reach a key level supporting zone, failed to break up higher.
Stay neutral on this price now.
Near-term might rebound high to 0.715, and then stay sideways.
Bound range around 0.535 - 0.715.
Inno challenging previous new highAs we can see on the chart, inno is challenging previous new high.
Volume is still missing out.
Price might pullback to a higher low around RM1.10 before going for a new high.
Only buy in if volume and price moving up together.
PDZ TP 0.18We can clearly see a few rounds of testing on resistant level 0.125.
Hopefully we can see the price stand strong at 0.11 this round, and volume is coming back.
TP 0.18
CL 0.09
Hartalega Holdings - A Neutral StandstillIn this week ahead, the glove stocks are poised to receive shocks from the Malaysia's Parliamentary tabled response on the take of Malaysia 2021's Budget Reform.
This reform entails high fundamental risks to not only glove stocks but also other relevant stocks such as "The Renewable Energy Sector" as the budget pursues a wide variety of efforts to spearhead a conservative development on the companies recovery as well as in prevention of susceptible financial shocks within the country.
As seen on the chart, the support and resistance are drawn and matched precisely in accordance to the stock's historical transactional volume whereby the highs and the lows presented a box of a specific R-R gameplay for investors to look out for. MYX:HARTA
Aug10 - FKLI (1D) - Failing Major UTL, Potential Test S@150x-2xFailing to stay above:
1) Major UTL carrying rally from 12xx COVID-lows
2) Unable to stand above 158x-160x immediate resistance zone
These will lead to further correction. 🐻🐻
near term target: S@~150x-2x, daily ema100
Refer back prev FKLI post for multiple horizontal support zone;
also, not to forget mid-term major correction back to 140x which is still in progress 👇🏻👇🏻
Happy Hunting! 🚀🚀
-JK- MyTradingSpace
Vizione selling momentum decrease, possibly outbreakPossible outbreak on Vizione, price reach Uptrend Tunnel bottom
strong support at 0.405
Entry price : 0.43
1st TP : 0.5
2nd TP : 0.54
Cut Loss at : 0.4
fbmklci momentum decline, might pullback 1488For next week, we might see KLSE move slight high to 1620, but the momentum is declining, a fake up movement.
Most probably to see a pullback to 1488 next 2 weeks.
GFM Service break the bearish trendline!Price has been break the long time bearish trendline.
Expected trading sideway to complete the Elliot Wave #5
July06: FKLI(1D) - Midterm ABC Correction to 140x-5x in ProgressMid-term ABC Correction went as expected, see prev post from June15.
June15 - FKLI (1D) - Mid-term Correction towards 140x... 👇🏻👇🏻
Currently, we are in waveB (see: baby blue arrow marker), which may find resistance near R1, 154x-6x.
Declining volume suggests/confirms the correctional-upwave.
I'm positional Short for FKLI, holding thru next potential down-waveC, targeting S3,S4.
Levels to Watch:
R2: ~158x
R1: 154x-6x
Major S1: 147x-149x
S2: 142x-4x
Major S3: 138x-140x
Happy Hunting! 🏹🎯
-jk-
KLCI Indeks Menjunam Ke Paras 1400.11| 29th June 2020| Edisi BMSetelah harga pasaran KLCI tidak berjaya menembus harga 1600.00, investor telah mula hilang semangat. Ramai di antara investor telah pun close profit pada harga
tersebut kerana di katakan terlalu tinggi dan harga pasaran yang mahal, ada juga investor yang tidak perasan perkara ini berlaku yang membuat ramai investor
membeli pada paras harga yang hampai pada 1600.00.
Saya telah menjangkakan perkara ini berlaku dengan membuat anggaran matematika pada harga 1570.00. Akan tetapi harga telah pun naik lagi sebanyak
30 point yang menyebabkan harga menyentuh 1600.00 atau menghampiri. Ini disebabkan oleh pembukaan market pasaran Malaysia dan sentimen yang membuak-buak
di kalangan para traders Malaysia yang memasuki trading dan meletakkan lot yg besar menerusi dagangan yang mahu mengikuti trend. Akan tetapi malangnya, harga
telah pun mencapai paaras ketepuan.
Kini pada tarikh 29th June 2020, harga KLCI tersangkut pada nilai 1488~ yang di yakini bermula daripada paras 1600.00 yang menjadi punya kepada harga maksima
1900.00. Walaupun begitu harga KLCI yang telah naik tidak berjaya hingga 1600.00, trend KLCI masih lagi menunjukkan pada keadaan lorongan jitu ke dasar. Masih lagi
mengekalkan keadaan bearishnya.
Selagi tidak nampak harga membuat paras kedudukan rendah yang tertinggi, selagi itu trend masih kekal pada lorongan jitu ke dasar.
Pada pendapat saya, harga support akan di tentukan pada 1400.00. Sehubungan dengan itu, saya memerhatikan harga 1400.00 berada dalam keadaan kunci keuntungan.
Sekian. W'salam.
Untuk maklumat lanjut tentang bursa saham, boleh menghubungi saya di laman ini.
Booking kelas dagangan akan di adakan seperti biasa di laman sesawang saya di profil.
Selamat maju jaya.
Yang Ikhlas,
Zezu Zaza
2048
The RMCO has change the direction!The Malaysian government t has taken the smart and wise steps. With reopening more economy sectors, this will boost up other sides economy. The tourism economy has been open back, and the flights will continue resume back.
In other stories, 1,000 hotel bookings in Langkawi has been placed in just 45 minutes Yesterday (07/05/2020). More than 700 bookings has been locked their payment, that is a good signs and positive for the tourism economy in Langkawi. Langkawi hotels are getting ready with the massive incoming tourist, that expected to arrive in nearest weeks. They'r expert in their field..
Looking at the chart, critical resistance is just ahead. But with the flight demand, it will easily broke the resistance. The cash flow is also well managed.
In my current view, I'm Long to this trade. Monthly chart is forming a bullish trend , that I expected a recovery state.
The economy well managed. The Malaysian government make it happen. Even NASDAQ report has given a good credit for KLSE.
Malaysia is one of a big rubber producer in the world. With advantages of rubber plantations, Malaysia have a good cash flow in rubber market, the demand is coming from all the world. Demand of plastic gloves and health care supplies are high due to pandemic Covid-19, beside that Malaysian digital, multimedia and technology company are also giving the good impact. The economy impact will be boost up with the new injection and reopen domestic economy.
KLSE has get trough all the hard resistances, and still far to go. From the monthly chart view, the market price still in bearish. But in weekly and daily chart, a healthy recovery is seen in this Q3 . Crucial resistance is still need to break.
Making a New High ?K1, is the one of technology company in Malaysia. They not much effected with this Covid pandemic, but the also helping other business to run well.
One of the product running is they manufacturer and provider of medical and healthcare products and consumables to keep you healthy and safe.
Due to high volume of traffic demand of healthcare product, K1 step in to make profits.
My personal opinion, K1 will break a new high in this coming week.
