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CABINET HOLDINGS BERHADCabnet Holdings Berhad Trend: The overall trend appears bearish in the medium term, with the stock price declining from highs around 0.80 MYR to current levels around 0.55 MYR. Moving Averages: The price is currently below both the short-term (likely 20-day) and long-term (likely 50-day) moving averages, indicating bearish sentiment. However, the price has recently crossed above the short-term MA, which could signal a potential reversal. Support and Resistance: A key support level appears to be around 0.48 MYR, which the price recently bounced off. Resistance levels can be seen around 0.60 MYR and 0.72 MYR. Volume: Trading volume has been relatively low recently, with some spikes coinciding with price movements. Bollinger Bands: The price recently touched the lower Bollinger Band and has started moving back towards the middle band, suggesting a potential short-term bullish move. Recent Price Action: There's a small bullish candle forming, with a "buy" indicator visible, suggesting a possible short-term upward movement. Indicators: While not all indicators are visible, the price action suggests oversold conditions may have been reached, prompting a potential bounce. Chart Patterns: There's a possible double bottom formation around the 0.48 MYR level, which could indicate a trend reversal if confirmed. Overall, while the medium-term trend is bearish, there are some short-term bullish signals that traders might consider. However, it's crucial to combine this technical analysis with fundamental analysis and risk management strategies before making any trading decisions.
MYX:CABNETLong
by Sahrin
BINTAI KINDEN CORPORATION BHDBintai Kinden Corporation Bhd Trend: The stock has been in a strong uptrend since late June 2024, with the price rising sharply from around 0.080 to a high of 0.145. Price Action: Recent price action shows large bullish candles, indicating strong buying pressure. However, the last few candles suggest some consolidation or potential pullback. Moving Averages: The price is trading well above both the short-term (likely 20-day) and long-term (likely 50-day or 200-day) moving averages, confirming the bullish trend. Support and Resistance: The previous resistance around 0.100 may now act as a support level. The recent high of 0.145 could be considered as immediate resistance. Volume: There's a significant increase in trading volume during the recent price surge, supporting the bullish move. Volatility: The stock has experienced increased volatility in recent weeks, with larger price swings compared to its historical pattern. Indicators: While not explicitly shown, the steep price increase suggests overbought conditions on momentum indicators like RSI. Pattern: The chart shows a clear breakout from a long period of consolidation, followed by a strong upward movement. Given the sharp rise, traders should be cautious of potential pullbacks or consolidation. However, the overall trend remains bullish as long as the price stays above key support levels and moving averages.
MYX:BINTAILong
by Sahrin
Berjaya Corp Bhd (KL:BJCORP) has signed separate agreements with two Chinese firms to explore sales collaboration in Malaysia and Southeast Asia company will explore using its distribution network in Malaysia to boost the reach of home appliance maker Skyworth Group Co Ltd, Berjaya Corp said in a statement. The collaboration may also lead to the implementation of residential, commercial and industrial photovoltaic systems agreed with electric vehicle maker Skywell New Energy Automobile Group Co Ltd to establish its brand in Malaysia and Southeast Asia. “This endeavour may include exploring strategic partnership to advance essential technologies and bolster the ecosystem in the country will strengthen the talents and localisation of the entire industrial chain while creating landmark projects for China and Malaysia's trade cooperation. "We also look forward to further promoting exchanges and cooperation between China and Malaysia in the fields of economy, trade, science and technology, and culture through this cooperation
MYX:BJCORPLong
by drasyrafz
Notion VTec Bhd (KL:NOTION) share price reached a decade high on Tuesday, said the surge could be attributed to its strong financial performance recovery, an industry turnaround, and heightened investor interest Notion said it recorded positive returns for the first two quarters of the current financial year ending Sept 30, 2024 (FY2024), leading to favourable responses from both retail and institutional investors, indicating confidence in its future prospects. group reported a net profit of RM14 million for the second quarter ended March 31, 2024 (2QFY2024), a significant turnaround from a net loss of RM7.77 million a year earlier, driven by higher revenue. Revenue rose 21.8% to RM111.6 million from RM84.7 million, mainly due to strong performance of the electronics manufacturing services and hard disk drive (HDD) segments. At RM1.96, Notion's market capitalisation has surpassed RM1 billion. The stock has gained over 500% year-to-date.
MYX:NOTIONLong
by drasyrafz
ZECON BHDZECON BHD Trend: The stock is in a strong uptrend since May 2024. The price has been making higher highs and higher lows, indicating bullish momentum. Price Action: Recent price action shows a pullback from the peak around 0.570. The current price (0.535) suggests a potential consolidation or minor correction within the larger uptrend. Moving Averages: The price is trading above both the short-term (likely 20-day) and long-term (likely 50-day or 200-day) moving averages, which is bullish. The moving averages are also sloping upwards, confirming the uptrend. Support and Resistance: Immediate support appears to be around 0.520-0.530 level. The recent high of about 0.570 serves as the nearest resistance. Volume: There are some volume spikes visible, particularly during the strong upward moves, indicating buyer interest. Volatility: The stock has shown increased volatility since May, with larger price swings compared to earlier periods. Candlestick Patterns: Recent candles show some indecision with both upper and lower wicks, suggesting a potential consolidation phase. Overall Outlook: The technical picture remains bullish overall due to the strong uptrend and price above moving averages. However, the recent pullback suggests caution and the possibility of a short-term consolidation or correction before potentially resuming the uptrend.
MYX:ZECONLong
by Sahrin