MCLEAN TECHNOLOGIES BERHAD - [MCLEAN]Mclean Technologies Berhad
Trend : The overall trend appears bearish in the medium term. The price has been making lower highs and lower lows since mid-July.
Support and Resistance :
###Key support level around 0.235-0.240 MYR
###Resistance levels at around 0.360 MYR and 0.420 MYR
Moving Averages : The stock is trading below both the short-term (likely 20-day) and long-term (likely 50-day) moving averages, indicating bearish sentiment.
Volume : There are sporadic volume spikes, particularly noticeable in late July and early August, which could indicate increased interest or significant events.
Price Action : The stock has shown high volatility, with sharp drops followed by quick rebounds. Most recently, there was a significant drop to the support level around 0.235 MYR, followed by a sharp rebound.
Bollinger Bands : The price has been touching the lower Bollinger Band frequently, suggesting oversold conditions at times.
Recent Movement : There's been a recent upward movement from the support level, but it's encountering resistance around the 0.340-0.360 MYR range.
Potential Patterns : There might be a potential double bottom forming at the 0.235-0.240 MYR level, which could indicate a possible trend reversal if confirmed.
Overall, the stock appears to be in a downtrend but showing signs of potential stabilization or reversal. Traders should watch for a confirmed break above resistance or a breakdown below support for clearer directional signals.
NOVAMSC - Potential price targetY wave. Target (E) within stipulated time. A death cross has occurred. Need a strong momentum to push the price. If the price keep upward, a golden cross may happen and reach the price target.
R1 - Tenkan Sen
R2 - Kijun Sen
S - 0.165
Note:
1. Analysis for education purpose only.
2. Trade at your own risk
JAKS - Is there a strong momentum to push the price upward?Y wave, target (E) within stipulated time. Need strong momentum with high volume to push the price upward. If price crossing above the up Kumo and golden cross happen, there is a potential to reach the price target.
R - Senkou Span B
S - 0.14
Note:
1. Analysis for education purpose only.
2. Trade at your own risk
FAJAROver 12 months, Fajarbaru Builder Group Bhd reported revenue of RM319m, which is a gain of 48%
Fajarbaru Builder Group Bhd has a total shareholder equity of MYR434.7M and total debt of MYR49.9M, which brings its debt-to-equity ratio to 11.5%
Fundamentally is still green
now price is retraced at new support
i personally choose to Long position for this counter.
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.
MGB - Analysis on price movementY wave projection. To achieved target (E) at Fibo line 0.886-1, the price must breakout 52w High within stipulated time.
N wave with 3N target for the nearest target at this moment.
Tenkan Sen & Kijun Sen as nearest support and resistance. Price needs to cross above the Kumo to reach all the target with high volume.
Note:
1. Analysis for education purposes.
2. Trade at your own risk
DANCO - Analysis on price movementN wave with E & 3N target. Price need to breakout 52w High in order to achieve all target with high volume.
Open price just above Kijun Sen as a support and just above up Kumo. If price keep moving upward, the golden cross expected to occur.
Note:
Analysis for education purpose.
Trade at your own risk.
NOVAMSC - Need strong momentum to push price upward.Is there any strong momentum to push the price upward? Price is above up Kumo but Tenkan Sen, Kijun Sen & Senkou Span A as a resistance to be breakout.
N wave projection with E, V, N & NT target. NT is the nearest target to be achieve. Price need to breakout 52w High to achieve the rest target. Support at 0.155
HIAPTEK - POTENTIAL PRICE TARGETPrice just cross above the "KUMO" and with using N wave analysis, NT, N & E is the targeted potential price to be achieve. If the strong momentum continue and break the 52w High, next potential target as per fibo line as shown in the chart. NT will be the nearest support if price continue going up or as a resistance if pullback is happened.
Analysis for learning purposes.
Trade at your own risk.
CENCOF - Analysis on price movementN wave with E, V & N projection target. Price closed at Senkou span B as a support. Also Senkou span A as a nearest resistance. Price is above kumo at this moment but need a strong momentum to keep upward and to breakout 52w High (0.420) to reach V & E projection.
Note:
1. Analysis for education purpose.
2. Trade at your own risk.
MYCRON - To keep strong momentum for continue uptrendP wave projection.
Price need to breakout turning point (D) and 52w high (0.525) to reach all the target.
Nearest Support is Senkou Span A and Kijun Sen.
Nearest Resistance is Tenkan Sen.
Price is above up Kumo at this moment.
Note:
1. Analysis for education only
2. Trade at your own risk.
Topglove's cycle analysis. 7/August/24TOPGLOV may just completed wave (II)(Red) as its price near multi Confluence zone of :- 1) POC of Volume Profile (Red Horizontal) 2) Lower Support of Parallel Channel (blue). P/s what make health care stock sector grow? e.g Glove as most stocks crash!? "Sector Rotation"?! Anyway Hartalega just announced its "better" than its previous Quarterly report.
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.