DSONICBreakout from consolidation, stop loss below the swing fractal low. May result in big trend but may take profit in tp1 tp2 or tp3 if the swing still intact. TAYOR.
Bursasaham
TOPGLOVGot a lot of volume and making higher high bullish trend is still intake. More room for upside.
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.
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
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 ;)
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.
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.
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.
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.
