PeterTing

PeterTing

Analysis based on EW. Just my humble opinion and view Trade at own risk

PeterTing

Analysis as detailed in the chart. Trade at own risk! This is just my humble opinion and view.

PeterTing

Refer to chart for analysis

PeterTing

Refer to chart for analysis

PeterTing

Greetings to all. The Bursa market has taken a hit from what it seems a short rally with 2 day gap up on 16th Nov and 19 Nov. Then the Bursa is closed on Tuesday on public holiday and the next day (Wed, 21st Nov) the market opened with a gap down and plunged -15.34 pts (-0.9%) on bad sentiment from the US and Crude Oil bad movement the day before. Here is my...

PeterTing

Following the review I wrote on Krono (Nov 2), the V bottom pattern and the good earnings of the company gave me a reason to believe that the price should be gaining on with some momentum. The technical indicators are showing MACD bullish crossover and RSI breaking the 50% mark. Link (Nov 2) - On the Nov 2 post, the price of support given was 0.605, while the...

PeterTing

This long overdue talk about EDL concession termination has finally gave MRCB the push I have been waiting. "The government’s announcement that it will take over the Eastern Dispersal Link (EDL) expressway from Malaysian Resources Corp Bhd (MRCB) for RM1.3 billion in Budget 2019 could prove to be a boon for the diversified group" - The Edge Nov 5, 2018. Follow...

PeterTing

Greetings. Here is my update on the technical review on MRCB written on 29th Oct. (Link - ) 1. Based on the previous report / analysis, the accumulation ranged spotted is between 0.68 – 0.72. 2. This actually gives a good risk:reward ratio for a trade. 3. Today the price reached a high of 0.755, a gain of 8% from the last report. 4. The Fibonacci key levels...

PeterTing

Greetings. Here is my update on the technical review on NGGB written on 30th Oct. (Link - ) 1. Refer to the previous analysis on NGGB, I spotted a series of 10 days support above 0.46 which forms the flag pattern. 2. NGGB has finally showed momentum, surging the price from 0.47 to a high of 0.565 just within 3 days. The two key Fibonacci key levels...

PeterTing

Greetings to all. Here is a technical review on KRONO. 1. V-bottom pattern was spotted after the company released good earnings in recent QR announcement. 2. Based on the Fibonacci key levels, 0.605 is the important support, while the resistance levels are 0.66 and 0.72-0.725. 3. MACD bullish crossover spotted and RSI broke the 50% resistance. 4. As of...

PeterTing

Greetings to all. Here is a follow up and update on the technical review on Mexter, made on 28th October. 1. Refer to the previous commentary on MEXTER (dated 28th Oct), the support was called at 0.455 after seeing a series of 4 days support above the price. 2. Finally Mexter has gained its momentum after a series of 6 days support at 0.455. 3. The price...

PeterTing

Greetings. Here is my technical review of NGGB. 1. The formation of a flag pattern is seen, a sign of a bullish continuation 2. With 0.46 as crucial support, if the previous high, 0.505 is broken, the likely target next will be 0.535 This sharing has been designed for informational and educational purposes only and does not constitute opinion of whether to...

PeterTing

Greetings to all. This is my technical review on MRCB. 1. Formation of cup and handle spotted 2. Two crucial support found at 0.675 and 0.70. 3. Accumulation seen around 0.68 – 0.72 4. I will take this opportunity to buy at support. 5. Yellow candlesticks now appeared (a sign of trend weakness), therefore I will cut strictly if price fell below 0.675. This...

PeterTing

Greetings to all. Here are my technical reviews on UNISEM. 1. Chart pattern reveals the a pattern of what seems to be a head & shoulder pattern. 2. Current crucial support stands at 2.79. 3. RSI unable to break 50% level indicates weakness in strength of buyers. 4. MACD sliding downwards indicating weakness in trend + candlesticks are turning yellow (yellow...

PeterTing

Greetings to all. Technical review on KGB 1. An uptrending stock now showing a sideway triangle pattern. 2. Strong presence of buyers since breakout 0.85 until price hits 1.28. (Green Up Arrows spotted, refer to chart) 3. Sideway now with 1.06 as crucial support. Yellow candle (yellow indicates weakness) appears but 1.06 is taken as the last crucial...

PeterTing

Greetings to all , Here are my technical views on INARI. 1)The formation of double top and head & shoulders is a strong sign of the pending correction. From the high the price has plunged almost 25% to close at 1.90. 2)The candlesticks have turned yellow which indicates that the trend for now has weakened and now the price has moved to form a lower high and...

PeterTing

Despite the panic selling and DOW diving another 1032 pts, DRB found a good support @ EMA 20 and 61.8 % FR Level.

PeterTing

As mentioned in the previous post we are indeed going through retracement to our KLCI index. However this retracement is accompanied by major global issue, the big retracement of the Dow which recorded a worst single day intraday point drop of 1597 pts (6.26%) on 5Feb2018 before recovering to close down 1175pts. This almost made it equivalent to the previous...