HKEX:HTI1! The Hang Seng Tech Index has been hovering around the 3700-4000 level for more than 6 months. Currently, the index is trading at 4338 with the nearest resistance at the 4800 level.
Given the boost from the Chinese government, which is considered supportive of local tech companies, it is widely expected that there will be favorable policy rollouts to...
Bauto has been trading sideways between the support (S1: 1.85) and the resistance (R1: 2.43) for almost 4 years. It broke out above the R1 on 10 June 19 with a volume of 23mil. The stock now has a price target (PT) of 3 so long it continues to trade above R1.
10-week EMA is often used by traders for entry signal while 30-week EMA is for long term investors....
PADINI has been trading sideways between the support (S1: 3.34) and the resistance (R1: 3.89) for more than 4 months. It breached above the R1 on 15 April 19 and completed a rounding bottom formation with a volume of 3.695mil. The stock now has a target price of 4.40 so long it continues to trade above R1.
$PDNI.KL #FBMKLCI #KLCI #BursaMalaysia
DAYANG flashed the first warning sign when it formed a 2-day candlestick pattern, bearish engulfing, on the March 18.
The stock then broke the parabolic curve pattern this morning (March 19). What a stock breaks a parabolic curve pattern, it has three retracement targets. Simply put, the stock will reverse to 50%, 62% or 78% based on the inception of the rally....
SCIENTX broke below its 5-month support (S1) at 8.75 and completed a head and shoulders pattern on 4th Mar 2019. The stock dropped 3.3% or 29 sen with 1.19mil shares in the following day. This reaction shows that the market is responding to the completion of the chart pattern.
A head and shoulders pattern is a classic chart formation that resembles a baseline...
According to the chart, TOPGLOV had a resistance (R1) at 6.10 and a support (S1) at 4.70 before it completed a one year double top pattern on 28 Feb 2019. The completion of a double top signals the price is no longer rallying, and that lower prices are potentially forthcoming. The share broke below the support (S1) at 4.70 and closed at 4.54 with a volume of...
Technical Update: Sapura Energy Berhad (5218)
Based on the weekly chart below, SAPNRG attempted to break its 6-month support turned resistance (R1) at 0.335 during the week (18 Feb 19). The stock churned out 1.381bil volume and it still failed to close above R1.
If you're keen to establish a position in this counter (irregardless whether you're trader or...
DAYANG broke its 12 month resistance (R1) at 0.875 and completed a rounding bottom pattern on 25th Feb 2019 with an astounding volume of 152.77mil. The stock now has a target of 1.21 (T1) based on this chart pattern.
$DEHB.KL #FBMKLCI #KLCI #BursaMalaysia
DAYANG broke its 12 month resistance (R1) at 0.875 and completed a rounding bottom pattern on 25th Feb 2019 with an astounding volume of 152.77mil. The stock now has a target of 1.21 (T1) based on this chart pattern.
$DEHB.KL #FBMKLCI #KLCI #BursaMalaysia
ATA IMS is a contract manufacturer in Malaysia and it is often viewed as a proxy to Dyson Ltd, a British technology company founded by James Dyson in 1991, focusing on design and manufacturing of household appliances.
The share has been in consolidation mode since early April this year and it has been trading above the 52 weeks EMA. It is facing a strong...
