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
Bursamalaysia
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.
HIBISCS (5199) Taking Off to NorthHIBISCS (5199)
Golden Crossover formed on February 2019 based on the 3 lines.
Consolidating below its Midpoint price RM1.06 for a month.
Today the breakout above its Midpoint signify further rally ahead.
**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.
DAYANG (5141) Retracement to Its Gap?DAYANG (5141) a darling stock for all since January 2019
One of the darling oil & gas stocks in Malaysia that rallied +250% ROI within a span of 3 months!
Golden Crossover of the 3 lines formed in the month of February 2019.
Mid point price resistant at RM1.70
Price retrace from RM1.70.
1st gap at RM1.18
2nd gap at RM0.825
DAYANG looks comfortable to drop towards RM1.18 to close its 1st gap.
If there is a need to head towards its 2nd gap that will be real cruel to all investor and trader whom did not fold this stock at high.
Know when to hold'em, and most importantly know when to fold'em.
**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.
FCPO WAVE 2 CORRECTION PROGRESSKey Level = 1940
From our previous analysis:
“Expecting a 3-structure movement in corrective fashion to complete correction wave (ii)
from my personal opinion, I would like to see the end of wave (ii) at the area of 2093 – 2026”
Wave (ii) unfold into zig-zag pattern and we can see a clear 5-structure movement for wave C toward our target area.
With the idea of diagonal triangle wave (5) to end wave C and (ii), there are still left some room for throw-over below 2100 area. Expecting a sharp movement toward 2217 if everything goes according to plan.
Our key level is set at 1940, which is the starting point of wave 1 and as per Elliott rules “Wave 2 never retrace more than 100% of wave 1”. This wave analysis remains valid as long as our key level hold.
Let’s see what the market will offer us this week.
Happy Trading.
GAMUDA gap up esok???Berita terkini tentang pengambilan 4 buah tol berkemungkinan akan meningkatkan lagi minat pelabur-pelabur untuk membeli saham GAMUDA pada esok hari. Ini kerana, jika kerajaan mahu memiliki tol-tol tersebut, GAMUDA akan memperoleh sejumlah wang. Wang tersebut dapat digunakan untuk GAMUDA untuk melabur di dalam projek-projek baru.
Jika kekal di atas RM 3.020
TP1 RM 3.080
TP2 RM 3.120
Jika kekal di bawah RM 3.100
CL1 RM 3.030
CL2 RM 2.980
Berpotensi untuk pergi lebih jauh jika tekanan daripada buyer cukup untuk memecahkan harga RM 3.150.
Please take note. This is not buy-call. Trade at your own risk. Please do some analysis before you buy any stock.
SUPERMAX OUTLOOKFirst of all, we start by doing analysis in monthly timeframe. As you can see the price consolidated for long time then the price recently broke the upper zone. At weekly timeframe, we see bullish engulfing candle close and break above trendline. It indicates that the bullish bias is still in contact. We can look for the entry at price level 1.65.
7022 GLOBETRONICS TECHNOLOGY - BUYAs we can see on daily chart, we can clear bullish bias when candle closed above 50 EMA. Head n Shoulder pattern also appeared at support. This is strong indicates that the downtrend is near end. We must wait for the retracement until price action confirmation such as bullish engulfing or pin bar in the support zone and around 61.8% level of fibonacci. Next TP at next resistance and SL will be below right shoulder. Risk-Reward Ratio for this trade is 1:3. The trade will be invalid IF price just break the support OR the price push to the upside without retracement.
SIMPLE ANALISIS EDARANMENGIKUT TEKNIKAL ANALISIS
JIKA MERUJUK KEPADA CHART MINGGUAN , PADA 20 OGOS EMA 10 > EMA 20 (MENUNJUKKAN SHORT TERM UPTREND)
MANAKALA PADA 27 OGOS IA SUDAH MULA RETRACE , TAPI PADA CANDLE TERLIHAT EKOR PADA BAWAH (MENUNJUKKAN DEMAND MASIH ADA)
VOLUME YG TINGGI TERLIHAT PADA HARGA 0.70 HINGGA 0.80 ( BAKAL MENJADI RESISTAN YG KUAT AREA SINI )
MENGIKUT CHART MONTHLY OGOS MERUPAKAN CANDLE YANG BULLISH BESERTA VOLUME YG TINGGI(demand tinggi)
IKUT CHART BULANAN INI DARII OCTOBER 2017 SEBENARNYA DAH MENUNJUKKAN POTENSI UPTREND APABILA EMA 10 CROSS EMA 20 , DAN HARGA DISOKONG MA50 PADA BULAN JULAI DAN OGOS. ADAKAH INI TANDA-TANDA FASA MARKUP SETELAH 10 TAHUN SIDEWAY (2008 - KINI) ?? DGN HARGA TERENDAH 0.22
RSI ATAS 50
KLAU IKUT DAILY CHART PULAK , MMG NMPK AKAN LONGTERM UPTREN MELIHAT PADA MA200(MENDAKI KEATAS) , HARGA BERMAIN ATAS MA200 DAN KALAU BEST TGGU JE MA 50 CROSS ATAS MA 100(MID TERM UPTREND) DAN KEDUA-DUA ITU BERADA ATAS MA200 INSHAALLAH TERBANG LAGI.
MENGIKUT FA
2 QUATER BERTURUT2 MENUNJUKKAN KENAIKKAN REVENUE DAN PROFIT MEMBERANGSANKAN , KEMUNGKINAN BESAR AKAN MENARIK LEBIH RAMAI PELABUR UNTUK BERMINAT DGN HARGA INI .
DAN LAGI BEST KLAU ADA CATALYST SETERUSNYA , MENANG CONTRACT LAGI.
RISIKO
HARGA JATUH BAWAH 55 SEN(MA200 DAILY CHART) ,
NEXT QUATER BULAN 11 TERUK.
SUPPORT 1 = 0.63/0.65 ( GANN )
SUPPORT 2 = 0.55 ( SAYA LEBIH PREFER SINI MA200)
LAST SUPPORT = CLOSE WEEKLY CANDLE BAWAH 0.52
RESISTANCE 1 = 0.69 ( GANN )
RESISTANCE 2 = 0.73 (GANN)
RESISTEN 3 = 0.77 ( GANN)
RESISTEN 4 = 0.93