Boring_Trader

Boring_Trader

Digi (6947) could potentially trend higher if prices can stay above the RM4.00 support level. It’s MACD is curling up, which suggest selling momentum is fading. A MACD golden cross will further suggest potential uptrend. Downside support is RM3.82, a level which well supported prices in 2022. Meanwhile, upside resistance is located at RM4.26, which was 16 February 2022'.

Boring_Trader

XPENG (9868) price action favors the short sellers. This because EMA10-EMA20 and MACD showing deadly crosses, a bearish sign. In addition, it also forms higher highs and higher lows since Dec 2021. Hence it is likely to further extend its downtrend and present short selling opportunities once HKD115.9 level broke thru. First downside objective is HKD103.4 while...

Boring_Trader

Microsoft (MSFT) currently favors short sellers as price action showing higher lows and higher highs since start of 2022. In addition, EMA10-EMA20 showing deadly cross. Hence there a possibility of trend continuation towards the downside support of $286.50 with next support at $273. If EMA10-EMA20 forms a golden cross, then there is a good chance MSFT might rally...

Boring_Trader

Frontken (0128) may rally upon an EMA10-EMA20 golden cross. Upside resistance is seen at RM3.47 with next upside resistance at RM3.88. Downside support is RM2.77. A break below this level could trigger further sells off.

Boring_Trader

Meta Platforms (FB) triggered 7 February 2022 commentary’s bearish scenario and reached the $200 downside support on Thursday. Prices then staged a rebound and settled at $210.48. Going forward, a short selling opportunity may occur upon a daily close below the $200 level. This could possibly extend the downside towards the $184 support, a level last traded...

Boring_Trader

KPJ Healthcare (5878) settled at RM1.09 on Friday. Most importantly it closed above the RM1.07 level in the daily timeframe. Hence there is a possibility of a rally as long as its trading above this critical level. Resistance is located at RM1.17. Downside support is located at RM1.01. A break below this level could trigger further sells off.

Boring_Trader

Tesla (TSLA) is currently in a downtrend as shown by EMA10-20 deadly cross in daily time frame. Prices also trading below the $910 resistance level. The $910 level was used because it previously acted as a strong resistance during February 2021. Hence there is a possibility of a retest of the $792 low with further support at $726. In contrasts, an EMA10-20 golden...

Boring_Trader

Inter Corp (INTC) price action favors the short sellers as EMA10-EMA20 still showing a deadly cross. A break below the $44.51 could expose price towards the $43.61 support. Next support is $42.36. It will only favors the bulls shall EMA10-EMA20 forms a golden cross. Upside resistance can be seen at $50.66 and $52.12. Both levels are based off 50% and 61.8%...

Boring_Trader

NVDA could trend lower and present short selling opportunities if its trading below $251. Downside support is $209. However, a bullish opportunity could emerge if NVDA goes back above $251. This could see prices climb towards $280.36, followed by the $305.

Boring_Trader

Tencent (0700) is currently trading near the green trendline. Its EMA10-EMA20 and MACD golden cross suggesting a possible uptrend. Hence there is a possibility of a retest of the HKD510 resistance with next resistance at HKD550.98. In contrast, a bearish bias and a short selling opportunity might arise if there is a daily close below the red trendline....

Boring_Trader

Alphabet -Class A (GOOGL) formed an EMA10-EMA20 golden cross in the daily time frame. In addition, its daily MACD is still showing a golden cross and prices formed an indecision candle (doji) after previous 2 days of sell off. These indicators and price action may suggest GOOGL could retest it’s all time high of $3,030. A break above this level, could extend the...

Boring_Trader

Amazon’s (AMZN) MACD in daily chart suggesting further upside. Hence a MACD golden cross plus a daily close above the $3,223 level may extend the rally towards the $3,433 resistance. The next resistance is $3,762 which was AMZN’s all time high. However, a daily close below $3,100 may dampen the bullish momentum and provide a near term short selling opportunity....

Boring_Trader

The $223 support is a very critical support level for Meta Platforms (FB) and any bargain hunters looking to long. This because the level well supported prices during May-June 2020. A break below this level may trigger a sell off towards the $200 support level or even lower. Meta Platform’s RSI currently giving a reading of 24.64, further highlighting prices were...

Boring_Trader

Comment: FKLI traded in sideway between two yellow trendlines highlighted. IF FKLI break above yellow trendlines , bullish flag will materialize. Traders may looks for Buying opportunities. Our preference: IF FKLI break above yellow trendlines , bearish flag will materialize. Traders may looks for selling opportunities with targets at 1595 resistance level .

Boring_Trader

Comment: The immediate trend remain down. Our preference: A candle break below 1482 could trigger selling pressure towards the 1460 support. Alternative scenario: A candle closed above 1500 resistance level could suggest buying pressure . Trader may look for long opportunities with 1510 as target.

Boring_Trader

Comments: After FCPO hit 2nd target 4437, now experiencing retracement toward 4040 support zone Our preference: A candle close below 4040 support level look for further downside with 3852 as target. Alternative scenario: Trader may look for buying opportunities once price break above 4437 with 4520 as target.

Boring_Trader

Comment: The immediate trend remain down. However, there might shows some weakness in this downtrend as FKLI reach it's support level 1485 zone. Our preference: Traders may looks for selling opportunities at least have a candle closed below 1485 zone with targets at 1460 support level . Alternative scenario: A candle closed above 1500 resistance level could...

Boring_Trader

Comments: FCPO had reached our 1st and 2nd uptrend target. FCPO might have small retracement toward 4340 level. However, the underlines trend remains UP . Our preference: LONG positions above 4340 level with targets at 4532 resistance level . Alternative scenario: A close below 4040 support level look for further downside with 3852 as target.