I am bullish on KLSE and HSI for the short term. I see PENTA potentially testing a daily key level @ 3.75 - as long as the overall market is in a bullish cycle
A symmetrical wedge pattern has emerged with a bullish breakout likely supported by bullish 4EMA while StochRSI is in oversold territory with a reversal signal. Fundamentally, there is positive sentiment on MBSB's recent acquisition of Asian Finance Bank Bhd as they are progressing towards transforming into a full-fledged islamic bank. It's worth noting that MBSB...
News of "unfavourable political ties" and foreign investors pulling out of emerging markets has sent this ticker crashing downwards despite its solid fundamentals. If we assume that the price has already bottomed out at a critical support level of 5.32, we can be hopeful of a bullish reversal towards realising its actual value over the coming weeks/months ahead.
SAPNRG - Sapura Energy - LONG We can see that the price finds a flag consolidation stage. Buyers and sellers are accumulating their positions in the anticipation of a break as the price forms a tight wedge. Also, as the price nears the highs of the range, there's an influx in volume of buyers initiating into the move. Will it send price into expansion? Can the...