Selling pressure is in HARTA
*refer to the image link*
Today HARTA is trading with high volume at the high price in the morning, while price is not marking higher.
This indicates the big boys have no intention to mark the price higher & a price retracement is on the way.
High volume price down happens around 11:40 & 12:15 shows the selling pressure is in.
We see a few glove makers are having the same price & volume movement. Today shows the first day of high volume sell down within the day. We expect price retrace in the next few days.
Bursamalaysia
KLCI On Going To $1206 Price | Bearish Movement | 111022 | It has been an excellent rollercoaster for KLCI Indeks.
We are in the midst of a downturn in pricing when the price of Ringgit will not stand a chance to recover in the next 2 years.
While we are in the midst of dissolution in Malaysia. We do not have any current prime minister running for management.
While this dissolution only makes the settlement in not go in order. While all the companies in Malaysia are still having a downturn in profit.
In order for the index KLCi on going to the trend, I can't see anything on the clear road except bearish.
The CPI index accumulates and all the housing price is on the going rising to make the purchasing powerless.
The breath and health of the current demand is not in favor.
I predict the price of KLCi bearish to $1206.
MYEG: POTENTIAL UPWARD PROFIT 12%MYEG is forming a nice HH and HL and finding support level at 0.83, however volume is still low, if next bar show better volume can potential for an upward breakout to reach 1st resistance level at 0.91 and 2nd resistance level at 0.96.
ANNUM (MALAYSIAN STOCKS) INTRADAYExpected to rebound at 0.40 MYR.
Targeted resistance at 0.50 MYR.
(1) The price inclining while the volumes insisted prior to previous prices. Expected on continuous bearish trend if the price couldn't break the resistance.
(2) Within the current global economy onto further OPR leads to underperformance in markets.
DATAPRP heading to 0.15 and expected to rally upDATAPRP is showing good potential in technical analysis. Based on my Fibonacci, its already entered the reversal zone on the monthly chart and now it is heading to the short-term reversal zone. Normally, the price will form a price action reversal pattern before its rallies. Let's wait and see the result soon.
RESINTECH BHD OUTLOOK 21/04/2022RESINTECH BHD :-
After a continue uptrend movement now this counter is expected to shoot up to a point 1.19 and recently break the resistance of 1.130 and is indicating to move up and if breaks the next resistance of 1.190 then can make a new high of 1.220.
It is making a candle chart formation of breakout pullback formation and the entry point is 1.100.
Resistance:- 1.130,1.190.
Support:- 1.040,0.960
The Relative Strength Index (RSI) :- 59.49
Can be a good option for a Long Term Buying.
RCE Capital BHD Outlook 18/04/2022RCE Capital BHD
CMP:-1.870
After a long uptrend last week this counter is expected to continue this trend this week with some news release.
recently broke the resistance point of 1.850 and is expected if breaks the next resistance point of 1.900 will make an high of 2.000 can be considered for long term buying
The Relative strength index (RSI) is at 78.03
OPCOM Holding Bhd Outlook 14/04/2022OPCOM Holding Bhd
This counter after a Downwards Trend for almost last 2 week is now ready to take some correction a uptrend Movement is expected.
according to the candlestick a Bullish Flag Formation is Forming up Can cross the last 2-week high and the resistance point 0.985 and if crosses the second resistance point of 1.020 then the price expected shoot up can be up-to 1.060.
Support:-0.950, 0.925.
Resistance:- 0.958, 1.020.
The Relative strangth Index (RSI) is now trending at 68.22.
SCANWOLF CORPORATION BHD (01/04/2022)SCANWOLF CORPORATION BHD:-
This Counter is running on an uptrend for long time and will continue to do so.
It is expected that it will continue makeing Higher Highs and higher Lows.
Currently trending at 0.460
Support:- 0.340,0.305
The Relative Strangth Index is at 71.64
Can be considered as an short buying option
BINA DARLUAMAN BHD OUTLOOK (30/03/2022)BINA DARLUAMAN BHD
After an downwards trend movement this counter is all set to make an upside movement in coming days. counter was showing slow downwards from last week and now is ready to have some correction and some bounce is expected.
The current trending point is 0.660.
Support:-0.665,0.595.
Resistance:- 0.720, 0.780.
The Relative strength index (RSI) is at 55.95
SCANWOLF CORPORATION BHD (29/03/2022)SCANWOLF CORPORATION BHD
It is expecting a breakout at any time in this week. After A long Sideways Movement this counter is expecting a breakout because it is gaining volume with a triple bottom formation.
Support : 0.595,0.575
Proper Risk Profiling is recommended.
DNEX DAGANG NEXCHANGE BHD 4456 analysis bursa saham MalaysiaShort term analysis:
Dnex breaks above trendline again after 4-days of pullback from 11-Jan.
Today indicator Banker Chip Pro (MI04) appears Banker Pump (purple bar) indicates possible of continuous bullish trend, but beware of overbought reversal.
It will be a plus sign if indicator Long Short Momentum (MI06) keep in Green bar showing still under bullish trend.
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#trendline #trendanalysis #technicalanalysis #chartpattern #trendpattern #uptrend #shortterm
#supportresistance #technicalindicator #indicator #waveanalysis
Disclaimer:
This published Idea is solely for the purpose of education and opinion sharing, and should not be construed as investment advice or recommendations to buy or sell any security.
Get your trade advise from a legit broker, you are responsible on your own trade.
VS VS-WB 6963 stock/equity analysis bursa saham MalaysiaShort term:
Look for short if rebound back to resistance area 0.41
Wait for below 0.28 & buy signal appears!
#bursasaham #malaysiastockmarket #vs #vswb #6963 #bursamalaysia #malaysia #bursa
#trendline #trendanalysis #technicalanalysis #chartpattern #trendpattern #uptrend #shortterm
#supportresistance #technicalindicator #indicator #waveanalysis
Disclaimer:
This published Idea is solely for the purpose of education and opinion sharing, and should not be construed as investment advice or recommendations to buy or sell any security.
Get your trade advise from a legit broker, you are responsible on your own trade.
To break nearest Resistance?Technical analysis:
MYX:OPCOM
MACD: Not crossed yet Not yet buy signal).
RSI: above 50 (show strength/momentum in price)
ADX: buy signal
Trading plan:
Buy price: $1.060
Cut loss price: $1.0
Cut loss %: 5.66%
R-R ratio: 4.42
This is not a buy call. I am just giving idea. You take the risk, you take the profit.
Happy trading.