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.
Bursamalaysia
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
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.
Priceworth International Heading towards Resistance Level of 9.5PIB managed to break through 200 EMA, which is now its support. PIB will be on an uptrend. Fibonacci Retracements show that it has pulled-back at 50%, (6.5 cents), and should push up to its resistance of 9.5 cents. This resistance level has not yet been broken, since January 2018. Thus, PIB will be a good short-term investment, buying in at 7 cents, and selling at 9.5 cents.
Thank you.
FTSE Malaysia moves lower than expected.Although on the prior move, we knew that the KLCI will move lower to the support and trendline area which indicates the final wave (Z) correction and (e) in triangle. We were hoping that the price will bounce on these 2 support lines. It did for at least 2 weeks and moved 32.61 points above.
As of now, I will stay neutral on Malaysia's economic, if price breaks the support level (red colour line) or breaks the trendline level (blue colour line), then I would say Malaysia's economic will not regain its bull momentum anytime soon. However if it happens otherwise and the index rises up to break the upper trendline, then we are expecting the economic to recover to a new level within 1 to 2 years.
Regards,
Ejaz
FCPO. HIGHERKey level = 2139
Critical level = 2095
Expectation: Still with the idea of wave (3) of ((3)) in play, downward movement today we see as a corrective pullback marked as wave 2. Looking at a lower timeframe, we label the sub structure as a motive wave with an extended wave 5. Key level 2139 must hold for this wave analysis.
Reality: Let the market decide.
Hanya Allah yang memberi.
Happy trading.
FCPO. WAITING FOR WAVE (2) BOTTOMED.Key level = 2095
Yesterday price movement breaking below 2147 clearly telling us that wave (2) still not in place yet.
Working on one wave at a time, I’m going to wait and see the development for this downward movement and adjust my plan accordingly to the market tune.
Happy trading
Malaysia Stock Market FBMKLCI "Asian Tiger" a Long Journey to goThe Malaysia FBMKLCI entered into a Long Term Downtrend since last year 2018 in the month of September the index formed a Deathly Crossover of the 3 lines applied. Since then the index had it's momentum hammered all the way downward from 1,826 to 1.626 lowest in the month of December 2018. As the global market starts to recover entering into the Year 2019 on wards the Malaysia FBMKLCI definitely need to follow suit by having its recovery from its lowest 1, 626 towards its highest 1,732 in the month of February 2019. In the month of February 2019 the FBMKLCI hits its crucial resistant which is the (red line) and since then the index retraced from that high towards 1,664 in the month of March 2019.
The Malaysia FBMKLCI continues to maintain in its Long Term Downtrend scenario unless 2 key level of resistant have been achieved in the near term:
1) 1,700 psychological resistant level
2) 1,760 crucial point of resistant level
Once these 2 level of resistant have been achieved the Malaysia will then only be on its right track moving towards "Asian Tiger" journey which is now far to be seen yet.
The Malaysia FBMKLCI Downside risk level:
1) 1,626 the immediate support level.
Index performance does not guarantee your portfolio of stocks performance. Stocks will have their own individual performance. Views shared on the FBMKLCI does not recommend a buy/sell on the general KLSE stocks decision
TENAGA (5347) How Tenaga Nasional Bhd BEARISH Trend PersistTENAGA (5347)
Last seen Bullish Trend was from August 2018 - September 2018.
Bearish Trend occurred since October 2018 - Now presently 2019.
Price slide down from RM15.50 to RM12.00 (-22%) and will continue to persist until evidently proven price has reversed its trend into a Bullish Trend in the near future. Don't ride on a Bearish Trend stock!
FCPO. WAVE 2 RETRACEMENT.Key level = 2095
Price already reach target retracement area 50-61.8%.
In my own personal opinion, there is still some room left for wave (2) retracement. Waiting for a clear evidence before too see if wave (2) have bottomed.
Key level must hold for this wave idea.
Let's see what the market will offer us.
Happy Trading
Want What The Market Want.
NOVAMSC (0026) a Price Breakout into Long Term Uptrend Pending.Kindly click FOLLOW to receive more updates.
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NOVAMSC (0026)
A Price Breakout into long term uptrend pending. A close above RM0.130 and maintain above this level will keep this stock in its upward momentum in the long run.
**IMPORTANT**
Ideas shared are merely just for analysis and studies. No buy or sell call actions should be taken seriously unless the person reading this has done his/her part of analysis at their own free will.