Bursamalaysia
JFTECH breakoutGood looking breakout stocks put stop loss below the higher low and trail it to the moon.
JCY - Trade & InvestChart:
- Downtrend, attempt to break.
- Starting of markup phase after distribution phase since early 2019.
- Monitor this counter for 2020 opportunities.
Trade:
- Still under downtrend but looking at an attempt to break downtrend-line.
- Volume among the highest since Sept 2019.
- No sell signal yet.
- Breakout on 31st December 2019 after little pullback on 30th December 2019.
- Enter anywhere ranging 0.33 to 0.35.
- There might be strong resistance around 0.40 so be careful around there.
Invest:
- Fundamentally is not a good company to invest, but the performance has shown some improvement in the FY19.
- Net Profit at negative (red) area but possible turnaround in FY20.
- Wait until 0.40 resistance is broken. Then be friend with the trend line and the possibility to hit 100% return is quite promising given the company is improving in term of performance.
Ready to take off!My analysis are based on technical and fundamental. It is common that the market will be "shaky" at the end of the year. We are looking for a recovery in about 35 to 40 days starting from today, and finger cross it will bounce from the first blue zone. Looking at the fundamental analysis, all 3 Quarters for 2019 showing a positive revenue and an increase of EPS from Q1 to Q2. The revenue is slightly lower in Q3, that can be because of the new government policy and initiatives of providing a lower price of telecommunication services for end-users in Malaysia. Also, looking at their unaudited report comparison of Q3 2019 and Q3 2018, we can see that the current year liability has increased at least doubled. Some of you might think that they are spending more on financing, but an increase of liability means they are paying more to facility, to increase the number of telco structures especially to widen the cellular coverage all over Malaysia including borneo(the beautiful Sabah & Sarawak).
Also, take note that the majority of the service provider in Malaysia does not own telecommunication structure assets, the licensee that has been authorized by the government owns the structures/assets, while the service provider will pay a monthly rental to the licensee to reduce their CAPEX and OPEX expenses.
Sorry for my bad english. Hope this will help. Looking forward for a brighter day in 2020.
Newly listed GREATEC seems possible to meet Decembull season Greatec is one of newly listed company in Bursa Malaysia 2019
Trending looks forming Low High followed by LH and HH.
Breaking of from rectangular pattern in daily chart then box pattern in weekly chart, it seem possible for the price go higher.
But, there’s always a possibility that it reach MA20 IF failed to maintain above the box.
All the best and keep in touch
TAYOR well investors and traders
Today Stock Pick - 20-11-19 JaycorpJaycorp may soon test the RM1.15 resistance level. With a rising RSI, a bullish bias may be present above this mark with shortterm target price of RM1.20 and RM1.25. It may continue moving sideways if it fails to cross RM1.15 in the near term. The downside support is then anticipated at RM1.10, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy upon breakout above RM1.15
More detail whatsapp +601159671740
Stock Pick - Power Root (7237)Power Root may soon test the RM2.24 resistance level. With an RSI above 50%, a bullish bias may be present above this mark with target prices of RM2.40 and RM2.50. Meanwhile, it may continue moving sideways if it fails to cross RM2.24 in the near term. Support is then anticipated at RM2.08, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM2.24
To get more information COntact WhatsApp +601159671740]601159671740
REVENUE, will it gonna be our revenue?This newly listed company shows great performance since listed in Bursa Malaysia.
We can see the price growth continuously and harmonics with the chart pattern movement.
Uptrend, small accumulation then followed by breakout of pattern.
Thus, there are probability that the price goes higher and become All Time High once the price breakout the upper box pattern.
However, there is possibility that the price goes down and challenging the strength of lower support below.
All the best ;)
Unboxing the Accumulation Phase for Padini?In my perception, rectangular pattern develop for several weeks since Three Black Crow can into the chart at the end of Dec 2018.
Follow by first attempt on April 2019 however the result was unsuccessful.
Now, we can see that the price has crossed up MA20 recently indirectly shows the possibility of second attempt.
IF the price able to break the upper box pattern then, we might able to see significant movement up to 4.25. On the other hand, it might get lower to breakout point on Feb 2017.
The best part for this stock, it pays dividend consistently in quarter basis.
Thus, it is recommended stocks for both traders and investors.
All the best
SUPERCOMNET , will it go further?As for the price crossing up MA20, it indicate short term bullish.
Yes, it looks promising. But, we can see zoning (23 bid up) that need to be close first. There is probability that the price go further once the price has enough momentum to cross that zone.
On the other hand, there's sign of several attempt to break 0.88sen. If the price unable to close above the said value, there will a probability that the price discounted nearly MA20.
Who know?
Overall, in a long term. I may say that this stock still uptrend.
Thank you
EXCEL FORCE, will it become EXCELLENT FORCE?Known as EFORCE.
I saw that the price breakout from triangle chart pattern.
Since it break upper level of chart pattern, then there is high probability for the price become higher in the short term.
In order to go bullish in long term, the recent bearish window (gap down) must be close first. IF not, there is probability that the price remain at sideway
Wish your warm feedback ;)
Thank you.
Possible BULL for GTRONICHere's some idea regarding one of well known stocks in Bursa Malaysia.
Since Bursa is only one way market. Thus, the price breakout from diamond pattern might shown possibilities that the price would go higher.
Will see how it goes on the coming week
Thank you for your time ;)
CAHYA, truly a 'Sparkle' in your investment.I will put my money in this stock. PERIOD!
CAHYA is one of the companies that supply raw materials in construction. They involve in the constructing of PAN Borneo Highway, billions of ringgit telecommunication tower project which was awarded to 5 contractors including them and many more. Don't forget that in Sarawak, the state only accepts local companies with employees 90% from Sarawak only. What I'm trying to say is, there are not many competitors in the state and we can expect a very good return.
Back to the chart, it is now has completed the last wave of correction, and it is currently at the demand zone before heading up. DTosc and Stoch indicator shows that the market is biased in the OS area since the last trend wave which was in June 2015, it also means the market no longer wants to go 'down'. There is also a divergence in MACD showing that the momentum was weak. I will definitely put my money when Dtosc and Stoch market reaches the OB area and making a 'change of route' in that area. Surely it will be a good investment.
KLSE WEAK PERFORMANCEMy previous analysis based on EW was right at the first place when it bounced at the last 'Z' wave during its correction moves. However, after it manages to rose 8% from the previous low in the Z wave, it started to plummet down and now it has made a lower low that passed the previous correction wave. Based on my Monthly chart analysis, what I see was it is still heading to the final correction wave, which it might take 1 to 2 years before the economy recovers.
ALLIANZ MALAYSIA BERHAD - Where is it heading to?It has completed the final trend wave and it is heading for the final correction wave. Those who still holding their position may want to withdraw while waiting for the final correction wave to complete. We may also see a 30% significant drop in 2 to 3 years.
KLCI - Hovering at a critical levelKLCI index have a low beta compare to other indexes in the world, as negative sentiment affecting the world markets might not be as impactful to KLCI but do note that KLCI is a critical level, anything below 1572 we will likely go back to find support at 1500.
Recommendations:
- Reduce the number of stocks in your portfoilio until we see some buying back in the market
- Secure profits if you have to
- If you have to, be selective of the stocks you choose, such as industries and trend
KLSE harmonic B crapkemungkinan akan mula mendaki untuk memenuhi permintaan CRAP.
(this only for education and imformation purposes, should not be taken as a trading call)
FKLI REVERSALThe bottom have been in.
We printed a higher low on daily time frame. Crucial 1600. If we break up we try to reach the yellow trend line.
BONIA SHORTBonia has been on a downtrend for a very long time. Bonia has recently broken out of the trendline. However, it seems as if price is about to break lower. Price has already broken ascending support level, and hit resistance level of 27.5 cents. Price will most probably retest trendline at 30 cents, before continuing down to 24.5 cents, then maybe 20.5 cents. If price breaksthrough that support level, it may hit 17 cents.
MFA Analysis - IKHMAS (5268)Status: Daily chart has triggered author's buy signal. 7th bull run of IKHMAS in the making!
Author's Rating: 9/10
The information provided here is an author's general opinion only and neither purports nor intends to be, specific trading advice. The information should not be considered as an offer or enticement to buy, sell or trade. Always trade at your own risk.
KLSE. FKLI. The last time KLSE blew pass this box. It went down. With the current market sentiment and constant bearish news.
2 scenarios. We might continue to dump today. Or We will get a dead cat bounce then dump further to the next support.
#Bursa #5247 #KarexLooks like a strong break above resistance as well as out of symmetrical triangle.
Strong Trading Volume
Target Price 0.82 range.
USDMYR potential long positionUSDMYR price as of writing is 4.174. Instrument shows cup and handle pattern. RSI levels and Stochastic indicators indicate an oversold market. If price breaks resistance level 4.2, price will move upward to price target of 4.34. 200-day EMA confirms an uptrend
