OPCOM (BURSA WK43 2021)First uptrend finished, price rebound after cross down MA20 in 2 days with high volume.
Price closed above MA20 as confirmation day for entry trade.
Initial stop loss at 1.11 and target profit 1.755 with 2R which near to resistance line @1.795.
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ANCOM - Trading OpportunityMYX:ANCOM
Trading opportunity detected and added into watchlist. Based on the following criteria:
Good support above EMA lines.
Daily MACD golden cross.
Ichimoku cloud getting wider.
Entry support at RM 2.66 and holding.
Good volume to indicate momentum.
SIMEPROP awaiting breakout to the upside MYX:SIMEPROP has seen some very sideways ranging action in recent weeks.
Targeting an initial area of RM0.78 IF prices are able to break above the current RM0.665 resistance area.
These are just my views and in no way represent any buy/sell call or recommendation. Information shared are meant for educational purposes.
FKLI headed higher on the 1HMYX:FKLI1! is looking to head higher IF it breaks and maintains above 1597.5 on the hourly. Targeting firstly 1608, and then 1614 thereabouts.
Good luck
EWINT (BURSA WK42 2021)
Price is slightly boost up from a bearish trend since June 2021.
A potential uptrend forming, it can be having two possibility entry points for us:
1. Breakout the recent higher level @0.52 and price will keep up.
2. A retrace after breakout or pressed by 0.52 resistance level, entry trade when rebound.
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NYLEX (BURSA WK42 2021)After a long consolidation since May till Sept, price was started boost up at 15 of Sept.
Stage 1 is completed, and Stage 2 - Uptrend is on going.
A trade reversal retracement at 14 Oct and 15 Oct is a confirmation day. Bullish candle with volume (1.2x average volume), Stochastic golden cross at 30.
Initial stop loss at 1.10 recent lower level. Target profit 1.35~1.40 with 2R if can cross up resistance line at 1.26
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POSSIBLE REVERSALbintai is now officially testing a recent demand zone area. if manage to hold it will bounce to the recent supply zone. If fail, it is moving back to the major demand zone.
NOT LOOKING GOOD AT ALLhave a strong supply zone at 0.225. and recent demand zone is now a supply zone. you can see how long the rejection is when it tries to go up. still going down with no bottom to be found. Need a good catalyst for this to go up even a bit. not safe to go long at all.
POSSIBLE REVERSALA strong reaction to a demand zone from oct 2019. If you want to enter long please wait for a higher high just in case it is a fake reversal.
DEMAND ZONE BREACHED.As seen in the monthly chart. Price blast through a strong demand zone at 0.150 from dec 2016 like its nothing. Best to say PERMAJU need to find a new support before entering. rest in peace.
Very strong uptrend momentum spotted- SCGBHDMarket rebounded today since US market recorded a strong rebound.
Market sentiment getting better and Tech stock doing good.
5G related stock experiencing abnormal gain recently.
SCGBHD would be transferred to main market soon and hence portfolio manager could potentially up stake in this counter.
Volume started to spike up this week showing big funds is collecting ticket heavily.
We notice big boys keep buying at RM0.49~0.RM50
Downtrend reversal confirmed today since price breakout from box resistance RM0.485 evidenced by heavy volume.
Proper shake out done from 23/09/2021 until today.
Banker chips increasing also indicating buying force taking upper hand in deciding future trend.
We expect price to break out RM0.50 tomorrow (30/09/2021) and would experience a good uptrend rally for few days.
Entry: RM0.50
TP:RM0.55
Cut loss:RM0.465
*Buy at your own risk*
PTRANS (BURSA WK41 2021)The price has consolidated approx. 1 month since 7th of Sept, breakout with high volume.
Target profit as 0.75 if the trend can breakout 0.72 and 0.735.
MACD and Stochastic also have appeared bull trend signal previously.
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I am a profitable trader, here is the watch-list for Bursa Malaysia Market.
-TGL Engineered Excellence-
Palm oil futures headed higherMYX:FCPO1! is looking really buoyant, expecting further upside for this commodity targeting the 127.20 fibonacci area soon.
Upside potential on this.
SKPRES could see further upside in the coming weeksMYX:SKPRES has broken out and is looking to further rally to an immediate target of RM2.05 then RM2.25
What do you think?
Mclean (21/04/2021)21-04-2021
Counter : Mclean
Sector : Commercial Services, Miscellaneous Commercial Services
- Just breakout symmetrical triangle on Daily Timeframe
- Nearest Support at 0.450
- Have momentum to test resistance at 0.540
- Pattern Diamond up shows that the price can go until 0.595 unless it break below 0.435, the pattern will cancel.
- MACD crossing up above 0 and RSI above 50 sign of uptrend.
- MCDX shows good momentum of smart money coming in.
QES - 21-04-202121-04-2021
Counter : QES
Sector : Wholesale distributor
- Uptrend position, just finish retracement
- AHP Bat pattern show price can go up to 0.670, already past the resistance at 0.580 but required to breakout resistance 0.650.
- MACD above 0 and in uptrend position
- nearest strong support at 0.520
- Good smart money momentum
- Nearest resistance at 0.650
KMLOONG Expect to break trendline1. Uptrend market structure with completed Elliot wave 1~5.
2. Price reject EMA100
3. Fibo retracement 38.2
4. Next week earning report might boost the volume.
TSH Re-entry BUY at Wave 41. Uptrend market structure with waves 1,2,3 and now wave#4
2. Testing EMA200+EMA100
3. Analyst TP RM1.40 and now upgrade to RM1.75
4. FCPO in re-accumulation phase possible breakout ATH.
FKLI hourly has potential for a rebound after breakout to upsideFKLI1! has some potential for a counter-trend reversal to the upside if it manages to break above the 1524 level or if it stays stead above this area.
Targeting 1,544.5 in the short term.
BURSA Short Term View. Maybe double bottom. 21/9/21BURSA price near to previous low at major demand zone. Probably forming a double bottom ...
BURSA Long Term View. 21/9/21BURSA probably now moving up to wave b (green) of the running flat (a)(b)(c)(yellow) pattern. Whereby wave b (green) could reach at around RM20.00 on upper trend line of a parallel channel (Cyan/Blue)...
FKLI hourly breaking support?The FKLI1! Index futures are looking to break its immediate 1543 support on the hourly timeframe to head lower targeting a low of 1525.
Drop a comment if you agree.
