Fundamental: Mixed
Candle + Volume: Side way, not exhibiting any extreme condition technically.
Rainbow: Downtrend pause at the support line (Blue EMA)
Once breakout might indicate a reversal of the prevailing trend. Just KIV
TA
Brief explanation for the indicator in second panel 2,
RED bar = LONG
GREEN bar = SHORT
Purple line = LONG
GREEN line = SHORT
As of today (11th JULY 2021), RM0.255
Red bar able to stand above the Purple line = GOOD SIGN
FA
- Main nature of business involves = Electronic Manufacturing Services (EMS), Printed Circuit Board (PCB) =67% of group
- Major...
PROS:
- Best FA among rubber glove companies
- Glove demand growth: New waves of Covid infections loom globally
CONS:
- Vaccination rollout
- Competition from China: Government incentive+advanced technology+cheap cost+ramping up production
- Oversupply risk: New gloves players
- Labor allegation/US banned and etc
***TA always win shoooo ignore the above
...
Heikin-Ashi triggered a BUY signal on 14th April (First red bar appeared) before the price spike.
However, it is still below the Ehlers Instantaneous Trendline at the moment although it had break the resistance of 1.69 accompanied by a higher than average traded volume today. The price might move along the "dragon whiskers"? who knows lolz
***Lacks the...
*Not for Pipsers & Scalpers*
KDJ: Buy with a golden fork:
At the moment, it is observed that only values of K (red line) appears under the 20 line, that is in the oversold area. The signal would be even favorable once all three (K+D+J) converge, it could be a good idea for seasoned trader to catch the optimal buying point.
Overall Trend:
From the rainbow...
Commodity's price determined primarily by the forces of supply and demand
1)SUPPLY=OPEC
OPEC+ announced that they will ease oil output cuts gradually from May to July
2)DEMAND=INVENTORY
Energy Information Administration reported crude oil inventories had shed 5.9 million barrels in the week to April 9
O&G stock to watch on BURSA
1) HENGYUAN (4324): HENGYUAN...
FAKEOUT or BREAKOUT ?
QES has been trading above its upward sloping 20 days MA which is a good sign. Just broke the resistance 0.56 reinforcing the bullishness in the price movement. Ideally one would like to see an increase in traded volume to demonstrate the enthusiasm of the traders to push the price past the technical resistance level. However, there was a...
