Short-term view on Tri-mode system (M) Bhd Really outstanding counter that break all time high during weak market sentiment on Friday (25/06/2021)
Heavy collection at RM0.50 price range.
Proper set up before break new high, high price shaking done on 24/06/2021
another big rally expected to happen soon.
Best entry price should be : RM 0.64
Investors who missed the opportunity should wait another proper price set up instead of chasing high.
Price is considered quite high and risky.
Bursamalaysia
EDUSPEC (THE SUPER DUPER LONG SHOT) 1 May 2021My Analysis MYX:EDUSPEC
1. Eduspec announces that they are planning for a private placement up to 20%. Wow, this literally giving a big controlling stake to whoever the future potential investor is.
IMHO, i think they really need new blood to inject fresh capital and business opportunity to revive the company back to a healthy stock price.
2. Even at 0.015 - 0.020 price, there were days when the volume suddenly spike massively. But due to huge overall outstanding stocks, it is going to take a massive capital to push this stock upwards.
3. Their closest counterpart in the education line, MYX:SASBADI , recently seen a massive spike in the stock price even without any apparent good news.
4. Even the top rubber glove producer, MYX:TOPGLOV bought a stake in MYX:MINDA , another education provider.
With Covid19 still lingering in the horizon (when this epidemic going to end???), is virtual learning the latest new normal and theme for Malaysia education system?
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
TFP Emerging Fintech Player 1 May 2021My Analysis
1. Forming a long term bullish flag with healthy volume spikes.
2. Washed down in the last few days. Price maintain at support region.
3. Recently, the company announces good news and the prices got sold down. (sell on news). So far they have announced multiple MOUs with business and associations.
4. Beside going into the e-wallet business, TFP is trying to build a ecosystem around e-cash involving communication call providers.
5. I noticed that in their website, they are planning to do oversea remittance using the e-wallet. Maybe this is a game changer as none of the big 3 ewallet (TnG, Boost, Grabpay) has this feature. I am guessing that they probably will tie up with BigPay?? (since their OneCall looks to have tie-up with TuneTalk). As far as i know, BigPay should have the necessary license to do oversea remittance.
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
SMETRIC 1 May 2021Simple Analysis MYX:SMETRIC
1. Uptrend
2. Sign of accumulation with healthy volume
3. The existence of warrant and penny pricing will attract punters
4. Company involves in cyber securities including block chain technology application
5. Private placement
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Symmetrical Triangle for Bursa KLCI! Bull or Bear?14th June 2021
The FBM KLCI finished 0.46% or 7.3 points higher at 1,582.46 in line with gains in regional markets. It a good start to the week but also a challenging week. The local political front, uncertain over the outcome from the Agong's meeting with the council of rulers this Wednesday, expect investors to stay sideline waiting for the final outcome.
The KLCI weekly chart, it showing a Symmetrical Triangle . Pray hard to coming Wednesday something positive after the Agong's meeting, most likely the KLCI index would challenge Resistance 1,600 point. But if negative, Index could break Symmetrical Triangle support and go hovering at 1,540-1,550 points.
SNC - Monitor for rebound after all time highReached all time high. Monitor for rebound for entry point.
Green candle = breakout
Red cross = possible entry point
TR 381. Mahsing weekly in uptrend. EMA 20 above EMA 50. Price action just above EMA 200.
2. In H4, it is expected to be in Wave 4 where reversal after ABC at 0.382 Fibonacci level (previous reversal also at 0.382). Doji formed and broken with bullish candle.
3. From Isaham, Profit and Revenue uptrend, PE 22.7, WAFV RM0.92
TR 371. Careplus weekly have completed the ABC cycle and expecting to make another wave.
2. H4 is Wave 4 where reversal expected to be at 0.382 level (previous Wave 2 at 0.618) also an RBS area. Hammer formed and break with bullish candle.
3. From isaham, profit and revenue increasing, PE 5.3, WAFV RM2.83
Handle is forming nowHandle is forming now, by seeing double Top doji two days before, so today the candle chosen to be red, indicating the starting of forming handle.
By monitoring the possible support, 0.605-0.615 probably is dip of the handle. Next, monitor the volumes from 1-3 days when candle with low volumes at support area. That is crucial which it will determine the next direction, if it is tend to form handle, it will surge up, or else, it will go further down to next Support.
I wouldn't guess how long it will form the handle, but by monitoring volumes and candles will provide a very good signal for coming trading days.
By the way, the quarter report will be released on late May, so for the current situation is just solely technical play.