Lion Industries MYX:LIONIND #4235Short term
Look forward LionInd (4235) breaks above first resistance 0.62, support at 0.57
Resistance 2: 0.74
#bursa #lionind #metal #industrysector
Bursastock
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.
BINTAI KINDEN CORPORATIONMy view on BINTAI:
1) Im looking to enter in the Cyan zone.
2) My entry is upon bullish reversal of Stochastic indicator in M15 timeframe.
3) My targeted profit zone is around 0.740.
BINTAI Fundamental overview:
Share prices of both Yong Tai and Bintai Kinden have skyrocketed since announcing their respective vaccine distribution ventures last year. Bintai Kinden's stock performance has been even more impressive, having jumped over 505% from 11 sen a year ago to 66.5 sen today. However, from its recent closing peak of RM1.39 on Dec 7, 2020, it has fallen about 51%. Prior to the announcement of its vaccine venture, the stock had been trading below 20 sen for three years.
Interestingly, Bintai Kinden's largest and second largest shareholders dumped the company's shares in December — four months after the August announcement of Bintai Kinden's venture into the healthcare business.
Its second largest shareholder Nusankota Development Sdn Bhd sold its entire stake of 50.03 million shares or 14.4% interest in the company in the open market on Dec 16, 2020. On the same day, Bintai Kinden's largest shareholder, Bintai Holdings (M) Sdn Bhd, sold 28.5 million shares or a 8.14% stake in the group, which reduced its shareholding to 31.69 million shares or 9.05%.
KRONO LONG (TIME FRAME: MEDIUM)KRONO maybe in pullback, if it is able to break above RM 0.90, and current uptrend stays intact, looking at RM 1.25 as price target. If price is able to break past historic high of RM 1.28, next target at RM 1.47.
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
