EP: 52 TP1: 58 CL: 49.5
Properties Index shows solid recovery from bottom lowest point in 2020. Current point just breaking short term downtrend and expected to return to bullish area around 740 points. Counter on radar will be the Upstream Related Business to Properties and Construction like Resintc, Astino, Ifcams, Poly & Superln. Disclaimer: This trading idea is strictly intended for...
Closed below 34 sen is breaking Trendline
The “Dragon” pattern is a simple pattern of technical analysis that refers to reversal price models and its occurrence predicts the future change in the market direction. With that, one should be able to draw a trend line from the pattern's head to the highest point of its hump. FPGROUP chart pattern appear rectangle channel at wave 3 to 4. If succesfully break...
Healthcare themes is on play again, either its only one day show or the engine just started we will see in 2 weeks time. . Trade at your own risk. . Immediate Support at 2.57. Entry around 2.60. TP 2.85
Potential 1 week 10% above, halfcup formation
Follow Stochastic and RSI Oversold may trigger buying signal EP: 1.78-1.80 CP: 1.75
Cup and handle Formation. Put on Radar on March for 50% profit. EP for early trend at 27 sen
Cup and handle Formation. Put on Radar on March for 50% profit. EP for early trend at 27 sen
Weak Ringgit, Drop the Industrial Product Index. Strong Ringgit, Drive Industrial Product Index to the sky.
Strong ringgit will impact low import cost for MFLOUR. Comparing 2 chart between MFLOUR and MYRUSD show parallel trend. Eyes on for this counter.
Rationally, Index is preparing to retest its all time high level just around Quarter 3 of 2021. That one is my rationale thought. If I'm too optimist, Index will break 2,000pts level by this year. Crazy enough? Its not crazy. This is rationale opinion when Politician is not around. Otherwise, they will be crazier than me.
Small correction expected
1572 Touch on Thursday 7/1/2021 MEGA SUPPORT 1548 Rebounce at 1572 will change the trend for rally starting 3rd-4th week of January 2021 Consumer Sector and Construction sector is on Aim.