RGTBHD (BURSA WK41 2021)
Reversal at MA20 with high volume, higher high and higher low is completed.
Resistance line at 0.525 which is taking profit target as well.
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Bursa
ANCOM (BURSA WK43 2021)First uptrend finished, price breakout the box which consolidated 1 to 2 weeks.
There is two possible entry trade coming days:
(1) Breakout Entry, follow the strong uptrend with volume.
(2) Wait price retrace and a confirmation of rebound.
Since no resistance line on top of price, taking profit target can be set above 2R unless price appear huge bear candle with high volume.
Initial stop loss set at recent low 2.40 or 2.52 (short term trade).
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OPCOM (BURSA WK43 2021)First uptrend finished, price rebound after cross down MA20 in 2 days with high volume.
Price closed above MA20 as confirmation day for entry trade.
Initial stop loss at 1.11 and target profit 1.755 with 2R which near to resistance line @1.795.
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ANCOM - Trading OpportunityMYX:ANCOM
Trading opportunity detected and added into watchlist. Based on the following criteria:
Good support above EMA lines.
Daily MACD golden cross.
Ichimoku cloud getting wider.
Entry support at RM 2.66 and holding.
Good volume to indicate momentum.
SIMEPROP awaiting breakout to the upside MYX:SIMEPROP has seen some very sideways ranging action in recent weeks.
Targeting an initial area of RM0.78 IF prices are able to break above the current RM0.665 resistance area.
These are just my views and in no way represent any buy/sell call or recommendation. Information shared are meant for educational purposes.
EWINT (BURSA WK42 2021)
Price is slightly boost up from a bearish trend since June 2021.
A potential uptrend forming, it can be having two possibility entry points for us:
1. Breakout the recent higher level @0.52 and price will keep up.
2. A retrace after breakout or pressed by 0.52 resistance level, entry trade when rebound.
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NYLEX (BURSA WK42 2021)After a long consolidation since May till Sept, price was started boost up at 15 of Sept.
Stage 1 is completed, and Stage 2 - Uptrend is on going.
A trade reversal retracement at 14 Oct and 15 Oct is a confirmation day. Bullish candle with volume (1.2x average volume), Stochastic golden cross at 30.
Initial stop loss at 1.10 recent lower level. Target profit 1.35~1.40 with 2R if can cross up resistance line at 1.26
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PTRANS (BURSA WK41 2021)The price has consolidated approx. 1 month since 7th of Sept, breakout with high volume.
Target profit as 0.75 if the trend can breakout 0.72 and 0.735.
MACD and Stochastic also have appeared bull trend signal previously.
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AIRASIA set for a rebound?Currently having some form of resistance around the RM0.98 region, having able to surpass this, I believe MYX:AIRASIA has much room to move higher.
Targeting an initial area of RM1.50, then RM2.12 and further RM2.63 (lesser probability) IF the initial RM0.98 resistance area is broken.
These are just my views and in no way represent any buy/sell call or recommendation. Information shared are meant for educational purposes.
IPMUDA: Targeting 1.62 for starts, higher after thatMYX:IPMUDA may have the potential to hit its initial target of RM1.62 before surging further IF it manages to break above the RM1.51 trigger.
Good luck.
FTSE Bursa Malaysia Trend Prediction for 20 to 24 September
Greetings, since the trend break through the bottom resistance 1557, now the new test of resistance will be 1527.
The MACD and RSI show the down trend and i feel that it is meaningless to show the indicator, so i use other indicator to show the how the trend is going.
As you see, the trend is down trend now, and the down trend would probably continue at next week 20 - 24 September. Only when the cloud turn into green, and the candle shows up light blue or green colour, then the trend might be rebounce again. When the candle go below the EMA , the EMA will turn into red colour, when it backs to above, the colour will turn green.
Other reason we predict the trend will keep going down is because the week trend and month trend are going weak.
If only the trend does not break through 1527 resistance line and keep above it, then the rebounce may come again.
Again, All the prediction above just assumption, and it is not an advise to purchase or sell the share, please be responsible to your own trade behaviour.
Hope all of you may earn more money and be a rich man/woman.
TOPGLOV - Follow up, further downside expectedFollowing up from my Nov 22, 2020 post, prices have trended significantly lower from then RM7.29 to close at RM3.72 today.
While prices seem to be temporary supported at the RM3.68 area, it is good to note that if this area gets broken on the downside, steep slide will be expected.
Good luck. Next area of support RM2.30.
FTSE for next week 06 September to 10 SeptemberThe rising of the ftse has ended this weekend, therefore next week may enter into Retracement period. It may take one week or with two week to complete the retracement, then might rise again.
The reason of the prediction is because if we look into week trend, the new higher point is just about to start. This give us credible basis to believe that the trend will rise further in the future.
If next week break through 1557, the trend may drop further but small probability . If rebounce, may look forward to 1642 as the new high point for next two week.
Therefore the suggestion is, observe the trend until it reach 1557, then wait for the rebouce or break through. But, there is more chance to rise in the future if you refer to the week trend of FTSE.
All the prediction above just assumption, and it is not an advise to purchase or sell the share, please be responsible to your own trade behaviour.
Hope all of you may earn more money and be a rich man/woman.
Idea of the FTSE trend for 30/08 - 03/09We have a nice week at 23/08 to 27/08, however we have to prepare for the retracement in future. It might be a big retracement day before National Day, after that might start to drop. Simple analysis as my main analysis is Hang Seng Index, but the whole week may be a bearish trend