Bias: Neutral Topglove is still challenging the downtrend line with share consolidation, pending for direction. If is successfully breakout, it will challenge the neckline of RM9.00. Resistance: 9.00, 9.40 Support: 8. 80, 8.50 Do remember there is some political issue tomorrow. If you find this idea helpful, kindly leave us a like and comment!
Bias: Long Inari had broken out the neckline RM2.45 earlier. The overall trend continues to be bullish. Resistance: 2.50, 2.55 Support: 2.45, 2.40 Apple is going to launch its new Iphone the following week, let us see whether there will be any further price action. Do remember there are some political issues tomorrow. If you find this idea helpful, kindly...
Bias: Bullish . Topglove had broken out short term down trend line, presented a tweezer bottom, bullish engulfing formation and continued its momentum. This shows a trend reversal signal. Momentum Chips (red chips) show a positive signal. Resistance: 8.80, 9.00 Support: 8.40, 8.00 Do remember the quarterly report will be announced on 17 September 2020. If you...
Dpharma had broken out short term downtrend line, presented Piercing candlestick pattern and continued closed it share price at MA20 last Friday. More volume needed to push up the price. MA5 and MA10 consolidation Momentum Chips (red chips) show a positive signal. Do also note that this counter will be affected by vaccine news. Bias: Long Resistance: 3.35,...
JTIASA had broken out a box, price surged with volume with the help of FCPO price last Friday. Momentum Chips (red chips) show a positive signal. Do also note that this counter will be affected by FCPO Price Bias: Long Resistance: 850, 900, possible to go further if FCPO price continue to soar. Support: 800, 735 If you find this idea helpful, kindly leave us...
Strategy: Bull Formation Analysis Bias: Bullish. HLT had broken out downtrend line and continued its momentum. Momentum Chips (red chips) show a positive signal. Resistance: 1.27, 1.35, 1.40 Support: 1.160, 1.13 If you find this idea helpful, kindly leave us a like and comment!
Thank you for your continued support! Strategy: Bull Formation Analysis Bias: Bullish. AEM made a successful breakout from the triangle consolidation zone and continued its momentum. Momentum Chips (red chips) show a positive signal. Resistance: 0.250, 0.280, 0.300 Support: 0.200, 0170 If you find this idea helpful, kindly leave us a like and comment!
Thank you for your continued support! :) FTSE Bursa Malaysia KLCI closed higher 15.63 points at 1.15% today. I just noticed the previous idea was titled wrongly because I referenced my PC's time at midnight. Asian indices were generally in the green today as China released better than expected trade data. The FBM KLCI staged a breakout at the 1360 region short...
Thank you for your continued support! :) This Monday, the FBM KLCI main index closed 0.11% or 1.47 points lower. HKEX is closed for Easter Monday, and the US markets don't open until at night XD. Overall, KLCI was in sideway movement today. The bears teased the 1350-1353 region, but a quick support was found as the KLCI touched today's lowest point at 1352.78,...
Thank you for your continued support! :) On the daily chart, the Footsie Bursa Malaysia main index had be sliding lower steadily until the fateful Friday the 13th in March where all hell broke loose, losing as much as 7% at the day's low. The result: a monster gap of some 45 points. Talk about a black friday! The development of the following week would come as...
Thankyou for your continued support!:) Strategy: Triangel Breakout Strategy Bias: Bullish . Mi Tech is a hot stock in klse, actively traded for the past 2 weeks. A symmetrical triangle was observed. If there is a breakout of symmetrical triangle, SWC belives there will be a postive stock price movement in near term. Resistance: 2.72, 2.685 Support: 2.98 If you...
Thankyou for your continued support!:) Strategy: Prive-Volume Analysis Bias: Bullish. Healthcare stock was a hot sector today in klse. ESCERAM recorded a remarkable surge of stock price, with significant increase in volume. Currently trade at the price of 0.280. With the breakout of downtrend line, and the three white soldiers formation, SWC believes there will...
Thankyou for your continued support! Strategy: Price-Volume Analysis Bias: Bullish. After experiencing of steep decline due to bad market sentiment secondary to bad global market sentiment and politic instability, today Jaks has made a come back with a big green bar, after hitting the low of 1.19. If the momentum able to sustain, SWC believes there will be a...
Thankyou for your continued support. Strategy: Triangle Breakout Strategy Bias: Bullish, JCY was a hot stock 2 months ago and experienced a triangular consolidation for the past 2 months. Today it hit the support of 0.300, closed at 0.320. Symmetrical Triangle Formation was observed. The QR result announced lately was satisfied. If the momentum sustained, SWC...
Thank you for your continued support ! :) Strategy: Candlestick Bullish Chart Pattern Formation E&O, Breakout with volume today, will this momentum can keep going? We don't know, let the market decides. However, E&O breakout from short term downtrend line and forming double bottom (W-shaped) chart pattern. If the formation has to be done, neckline at RM0.635...
Thankyou for your continued support ! :) Bias: Bullish. FPGROUP was a hot stock recently where it has pulled up for nearly 45% in 2 trading weeks. Today FPGROUP quarter report has shown positive result which correlates with the market expectation. Will it break the rm1.00 resistance tomorrow? Or there will be a sell on news? Support: 0.93 Resistance: 1.00
Thank you for your continued support :) Strategy: MA Crossed Bias: Bullish, After two weeks, SCGM seems digested the effect of coronavirus (COVID-19), and covered the big drop on 31st Jan with volume. If the bullish momentum continues, the share price of SCGM should challenge the previous resistance at RM1.66. If the share price of SCGM can sustain above...
Thank you for your continued support :) Strategy: Price Volume Analysis Bias: Bullish, After hit a high of 1.53, the stock price has tumbled down. Today the share price break 1.4 neckline with volume and closed at 1.42. For now, the share price is well maintained on MA5 and MA10. I If the volume and momentum persist, SWC believe there will a positive movement in...