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PERDANA - Buy on weakness and sell on rebound/strength ?PERDANA - Current price : RM0.285 PERDANA is bearish in technical view as the price is below 50 and 200 days EMA. Yesterday 20 November 2024, the company posts stronger 3Q Profit and Revenue. Revenue rose 23% to RM127.25 million, with third-party vessel contributions increasing 27%. Net profit jumped 232% YoY to RM75.80 million, supported by higher vessel utilisation and improved charter rates. Today 21 November 2024, the stock opened gap up at RM0.310 (rose 8.77% from previous day closing price). The stock were traded between RM0.310 (high) and RM0.280 (low). Finally the stock closed at RM0.285 (unchange from yesterday closing price). In view of Technical Indicator, there is no buy signal. But here i anticipate to buy at closing price RM0.285 because there is a psychology behind the share price movement. The share price made gap up on the morning session indicates there are some investors view this stock value to buy in higher price. However, the share price didn't sustain at high price and closed at lower indicates that the insiders have sold their shares as they bought early at discounts price. As a trader, i will buy this stock for short term because once the selling pressure absorbed and become oversold, the stock may bounce and make a rebound to higher price. As such, i will buy at RM0.285 and target to sell at RM0.305 (one bid below today high - profit +7%). My support level will be RM0.270 (cutloss at RM0.265 - loss -7%). So the risk reward ratio will be 1:1. ENTRY PRICE : RM0.285 TARGET : RM0.305 (+7%) SUPPORT : RM0.270 CUTLOSS : RM0.265 (-7%) Notes : The share price bounced at RM0.270 (support level) almost 10 times indicates that the support level is significant.
P
by IMRAN_96
PMETAL, potential swingOur algorithm has identified potential upward signals in the current market. Increased trading volume and prices above the EMA20 and EMA50 suggest a possible upward trend. 💡Trading idea dan plan: ✅Entry: 4.35 🛑Stop Loss @SL: 4.20 🎯Target Price @TP1: 5.00 🎯Target Price @TP2: 5.45 🎉Target Price @TP3: 5.85 (This trading plan is for reference only and may vary based on your entry point and risk tolerance.) Remember, trading strategies are just 10-20% of your overall success. The real key lies in effective risk management. Having a solid trading plan and proper position sizing are crucial for maintaining the right trading psychology. Master your risk management and stick to your plan. Happy trading!
MYX:PMETALLong
by FakhruddinFazil
Synergy House - Cup and Handle PatternSynergy House, a furniture player headquartered in Setia Alam, appears to have formed a Cup and Handle pattern on its technical chart. The company stands out despite the overall underperformance of the industrial products sector. Furniture exporters, including Synergy House, are expected to benefit from a stronger USD. Besides, the company has implemented AI solutions to enhance cost savings. However, a major risk for the company stems from the default risk posed by one of its clients.
SLong
by ZhengQian
HUMEIND shorten will be....The MACD line is crossing below the signal line, indicating a potential bearish crossover. The histogram is also starting to turn downwards, further supporting this bearish sentiment. The RSI is currently below 50, suggesting that the momentum is weak. This combination of signals suggests a potential downward trend in the short term. However, it's important to monitor the indicators closely and consider other factors before making any investment decisions. When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management! Keep the long term vision. Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There are no buy or sell recommendations. Trading involves financial risk, and you are responsible for your own decisions. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the information contained herein.
HShort
by DSELE99
AIZO, can become aiyoyo?The MACD and RSI indicators are giving mixed signals for AIZO. The MACD suggests a potential upward trend, while the RSI indicates neutral momentum. This means it's too early to confirm a strong trend. It's best to monitor the indicators closely and consider other factors before making any investment decisions. We cannot control how much we win. But we can control how much we lose. Focus on what you can control! Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading advice nor an invitation to trade. For trading advice, please consult your remisier or dealer representative.
A
by DSELE99
BNASTRA, the coming weeks will be.....Let's analyze BNASTRA using MACD and RSI: MACD : * The MACD line is below the signal line, indicating a bearish trend. * A potential bearish crossover might occur soon, which could signal further downward pressure. RSI : * The RSI is below 30, suggesting the stock is oversold. This could indicate a potential rebound. * However, a sustained period below 30 could signal a stronger downtrend. Combined Interpretation: Both indicators are currently pointing to a bearish trend. However, the oversold RSI suggests that a short-term rebound might be possible. Remember: * Technical indicators are tools to aid analysis, not definitive predictors. * Market conditions can change rapidly. * Always consult with a financial advisor for personalized advice. Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading advice nor an invitation to trade. For trading advice, please consult your remisier or dealer representative.
BShort
by DSELE99
1
GREATEC - FROM BEARISH TO BULLISH ?GREATEC - CURRENT PRICE : RM2.37 After reach the bottom with a bullish HAMMER CANDLESTICK on 16 OCT 2024, the stock broke out of its downtrend in mid October and is building on a trend reversal, suggesting a bullish bias may be emerging. Based on chart pattern analysis, we can see that there is a DOUBLE BOTTOM pattern. The downward movement from 12 July 2024 have potential of forming V BOTTOM pattern. Today 06 Nov 2024, the share price make a new 2 month high to closed at RM2.37, supported by strong trading volume. This bullish momentum may propel the share price to move upside in the upcoming session. Target Price : RM2.52 and RM2.70 Support : RM2.26 (half candle of today session) Notes : Market reacts positively to Trump’s 'Victory' in Presidential Race. Bursa Malaysia Technology Index made a 6.18% gain on a single day. We hope this positive market sentiment will continue to push technology stocks to upward. Lets hope for the best. TAYOR - TRADE AT YOUR OWN RISK.
MYX:GREATECLong
by IMRAN_96
Tanco, will it keep dancing?The stock price of TANCO has been rising since September, but it recently pulled back. The MACD indicator suggests potential downward momentum, but low volume indicates a lack of selling pressure. Possible scenarios: * Uptrend resumes: If buying pressure returns, the stock could continue its upward trend. * Retracement or consolidation: The current pullback could be a temporary pause before the uptrend resumes. * Downward correction: If selling pressure increases, the stock could experience a deeper correction. Consider market sentiment, news events, and other technical indicators for a more comprehensive analysis. Remember to conduct your own research or consult a financial advisor before making investment decisions. Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading advice nor an invitation to trade. For trading advice, please consult your remisier or dealer representative.
MYX:TANCO
by DSELE99
Simple13 Trading IdeaCurrent Price: RM 2.40 (+6.19% today) Today’s quarterly earnings report showed revenue growth but a QoQ profit drop. Despite the profit decline, the stock opened with a gap up, indicating that the results were above market expectations. Key Observations Technical Breakout: Today, the price broke above the 20 EMA on the daily chart. If the upward momentum continues, the 10 EMA could cross above the 20 EMA on both the daily and weekly charts, signaling a strong bullish trend. Tin Price Correlation: This company’s profit is closely tied to tin prices, which are currently at a low support level. If tin prices rebound from this level, the company’s next-quarter earnings are likely to improve. Entry Area: RM 2.40 to RM 2.20 (near trendline support). Take Profit Area: RM 2.40 to RM 3.30. If the price drops below RM 2.10, consider cutting losses as it may dip below the 20 EMA, signaling a deeper pullback. Summary This stock presents an interesting opportunity, driven by positive earnings surprise, technical breakout, and potential rebound in tin prices. If you believe in a stronger profit outlook for the next quarter, now could be an excellent buying point near trendline support. Disclaimer: This post is for informational purposes only and does not constitute financial advice. Please conduct your own research and assess your risk tolerance before investing.
MYX:MSC
by Simple13_Trading
PMBTECH - BOTTOM HAVE REACHED and POSSIBLE TREND CHANGING ?PMBTECH - Current Price : RM1.93 PMBTECH may had reached bottom as we can see in chart there is BULLISH DIVERGENCE in stochastic oscillator. Furthermore, the low is getting higher than previous low indicates some bullish scenario. In addition, based on ICHIMOKU CHARTS, CHIKOU SPAN manage to climb up above LEADING SPAN 1 (but still below LEADING SPAN 2 - means still inside CLOUD). And today share price is testing to move upward into CLOUD. Take note also that share price is trading above 50-day EMA. With all the information we identify in the charts, we believe that the share price may move upside in the upcoming session. 1st target will be the FALLING RESISTANCE LINE (blue colour line) , 2nd target will be 200-day EMA. Support is RM1.75 (the low of LONG OPENING BOZU WHITE CANDLESTICK) Notes : Please study the FUNDAMENTAL of company and also other related news/catalyst. Trade at your own risk.
MYX:PMBTECHLong
by IMRAN_96
GAMUDA GOING FOR MARK UPVery nice Re-Accmulation Pattern here I have been actively Accmulating the share since MId September 2024 : These are my list of Entry & Exit : 1st POE : 17/9/2024 (Black Arrow) 2nd POE : 9/10/2024 (Black Arrow) -EXIT : 21/10/2024 (Red Arrow) Re-Initiated PE : 1st : 22/10/2024 (Black Arrow, This time i went with Full Position) 2nd : 4/11/2024 (Blue Arrow, I went with Overweight Position) Purely Wyckoff Entry, i always aiming for, a condition in which i am in Assymetrical Leverage
MYX:GAMUDALong
by drsyariz