FKLI Week 32 2024: 1500 is on sight.Yesterday, FKLI nearly reached 1500 points due to a significant sell-off, similar to other markets. In the short term, there might be some reactionary buying, but a further decline is expected. I anticipate the price will eventually drop to 1500 points before consolidating to determine the next move, whether lower or higher. Currently, we can expect a brief retracement upwards before the market resumes its downward trend.
KLSE
KNUSFORD potential break up +30%Time Frame: 4H
Sentiment: Bullish
Risk reward 1:3
Entry 0.925
Last close at resistant level,
Bar price action and the volume, showing buyers' power increase.
if it can break the resistant level 0.97, expecting the next level reaching 1.3
I'm expecting this time will be a real breakout, cup and handle pattern.
Write your thought in the comment session :)
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
AAPL awaiting breakout to next supply areaNASDAQ:AAPL consolidating tightly. Awaiting the next breakout to around $195 supply area.
Potentially looking at new highs after that.
These are my views and analysis and is only used for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
YTLPOWR, possible continuation?Looking at MYX:YTLPOWR for a continuation to the upside. Overall regional peers are lower however, might or might not trigger.
Trigger: RM1.10
STOP: RM1.06
Target: RM1.19
These are my views and analysis and is only used for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
PWF breaking out for next legTAIFEX:PWF1! is breaking out of the immediate resistance level of 0.74 now.
Next hurdle is 0.76 and then possibly 0.86.
These are my views and analysis and is only used for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
WCEHB ready for another leg up?I am of the view that MYX:WCEHB might be seeing another leg up towards the 0.55 region. Base well supported, Stops would be the recent low at 0.475.
These are my views and analysis and is only used for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
TIMECOM awaiting breakout to the upsideMYX:TIMECOM awaiting a breakout of RM5.70 to the upside. Initial targets being RM5.95 with stops below RM5.58.
These are my views and analysis and is only used for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
SHH looking for a continuation to upside? MYX:SHH could be looking for another continuation to the upside. However risks are higher with this as liquidity is not too good. A break of 0.98 would possibly lead to targets of 1.06 and then 1.33.
Lets see if I get it right
These are my views and analysis and is only used for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
YTL forming flag patternMYX:YTL looks like it is flagging for a continuation pattern to the upside.
If it manages to break 0.675, I am estimating next resistance to be around 0.69 and then if this level gets broken, 0.72. Similar moves to MYX:YTLPOWR which I posted earlier.
These are my views and analysis and is only used for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
YONGTAI breaking resistance? MYX:YONGTAI retook Friday's high and absorbed the selling pressure. I am feeling bullish that this name could see more upside in the near short term future with a target of 0.435 if 0.38 manages to break. Of course if 0.35 gets breached, the setup is invalidated.
These are my views and analysis and is only for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
SEAL looking at a flag breakout MYX:SEAL is flagging and pending a breakout to the top. I the close for today maintains above 0.42, I think possible targets towards 0.47 soon with stops at 0.40
These are my views and analysis and is only for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
HEXTECH awating breakout2022's multibagger stock MYX:HEXTECH has seen consolidation since the start of 2023. Keeping my eye on a breakout of 23.66, with stops at 22.26 and targeting towards 27.06 area.
These are my views and analysis and is only used for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
Looking at SALUTE for another wave upAfter pulling back and consolidating, I am looking at MYX:SALUTE to stage another wave up.
Trigger: 0.965
Stop: 0.87
Targets: 1.28,then 1.57
These are my views and analysis and is only used for educational purposes. I am not a financial advisor.
Nothing in the information posted here is intended to be or should be interpreted as trading advice.
Techbond broke resistant and pullback, good time to enter??Techbond Group Berhad, has recently Breaking Through Resistance Levels and Experiencing Pullbacks.
What is different this time around is that the volume is building up, which suggests that investors are becoming more interested in the stock. This can be seen as a positive sign, as a high volume of trading activity can indicate a strong demand for the stock, which may drive prices higher.
In addition, the Moving Average Convergence Divergence (MACD) is going higher, showing that buyer's interests are much higher than before. The MACD is a popular technical analysis tool used to gauge momentum, and its upward trend indicates that there is strong buying pressure in the market for Techbond's stock. This suggests that investors are optimistic about the company's future prospects, which could lead to further price appreciation.
Risk & Reward ratio : 1~2
Target Price : 0.525(+15%) , 0.595(+31%)
Stop Loss : 0.38(-15%)
It is recommended to set a target price and stop loss when making any investment decision. Based on the information provided, a target price of +30% is suggested for Techbond, which represents a potential upside from current levels. However, it is important to note that no investment is without risk, and a stop loss of 15% is recommended to limit potential losses in the event that the stock does not perform as expected.
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Disclaimer
This information only serves as study references, does not constitute a buy or sell call.
Frontkn Simple Chart AnalysisFrontkn - Rst 3.3 & 3.47 Supp 2.95
Is just a matter of time to have this big rounding bottom to be complete. Let's see
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX