HENGYUAN Theme: Energy Rst: 5.43 Spp: 5.16 Slightly adjustment to the lower band of pennant formation, apparently the latest 6 candles remain sustain at this area, no breakdown happens yet. Overall neutral.
PESTECH Theme: Engineering Rst: 1.13 Spp: 1.03 Falling wedge formation (impending bullish move), latest candles are surviving at key support 1.03, RSI & MACD are slowly recovering as well
HLBANK Theme: Finance Rst: 19.36 Spp: 18.00 Healthy consolidation above MA50, supported by widening BB and bullish RSI, MACD, shall gradually move to challenge the critical resistance at 19.36 again in near term.
GENTING Theme: Recovery Rst: 5.70 Spp: 5.05 Trying to form new support at Fibo Ext 100%, at current stage, the tendency to continue straight upside is low. The stock likely to swing around MA50 trendline first before unlocking further upside.
SLVEST Theme: Solar Rst: 1.46 Spp: 1.32 Double bottom is forming, and RSI is casting bullish divergence signal as well, with these metrics, there’s tendency to see technical rebound play towards MA50 soon
KPOWER Rst: 1.23 Spp: 0.84 After drastic drop out from Fibo Retracement 50% as well MA200 (stock that violates 50% means their bullish trend is officially gone), the falling spree shall continue for certain period of time until next Fibo level at 0.84.
E&O Theme: Property Rst: 0.785 Spp: 0.725 Strongly supported by Fibo Ext 50 - 61.8% as we can observe flush below this area is constantly pushed back by buying pressure. Shall consist space to push towards MA200 of weekly chart
PRESTAR Theme: Steel Rst: 1.22 Spp: MA50 Forging its immediate support at MA50 trendline, sustaining at this point is critical to help resume the stock uptrend
MESTRON Rst: 0.44 Spp: 0.39 Uptrend is clearly supported even though the stock experienced heavy swing during last week selloff, stock that manages to recoup above middle BB, signals for stronger momentum.
TOMEI Theme: Gold Rst: 1.36/ 1.53/ 1.69 Spp: 1.26 Early day weakness is being supported by buying interest, pushing the stock back above critical breakout point 1.26, as long as it continues to maintain its pace here, will see further upside
ADVENTA Theme: Healthcare Rst: 3.00 Spp: 2.36 Bullish breakout, but may be too good to be true in the view buying volume has climax, and green candle emerged today is relatively steep, shall observe weak candle tomorrow.
TSH Theme: Palm oil Rst: 1.23 Spp: 1.15 Dark cloud cover done yesterday being rejected, supported by healthy RSI, MACD and BB remains wide, likelihood to observe breakthrough from Fibo Ext first tier is high.
GREATEC Theme: Tech Rst: 5.24 Spp: MA200 With important support at Fibo Ext first tier being violated, the stock will observe further dive towards MA200.
FKLI Daily Rst: 1,608 Spp: MA200 There’s violation of MA200 supporting trendline but the index is trying its prevent itself to fall further from this point. Unfortunately, with indicators continue to crush lower, likelihood of losing its support at MA200 is high.
TASHIN Theme: Steel Rst: 0.75 Spp: 0.64 Break below immediate support at Fibo Ext 161.8%, with crushing indicators, the stock will continue its southward journey to 0.64 area.
MELEWAR Theme: Steel Rst: 0.775 Spp: 0.71 Arrived the end of Fibo Ext spectrum, and latest candlestick build had tested 3 times the strong resistance at 0.775 but failed to break through, which can be deemed as significant weakness, expecting pullback to follow.
PMETAL Theme: Aluminium Rst: 6.01 Spp: MA50 Well supported alongside MA50 trendline, uptrend basically undeterred by retracing indicators, which is signal the stock will continue its upward trajectory, potentially towards 6.01 area
UWC Theme: Tech Rst: 5.90 Spp: 5.40 Second violation of upward trendline after first attempt done on 03-MAR, when red candle flushed below lower BB and plagued by plunging indicators, the stock shall see further weakness towards RM5 again.