KLSE
Ekovest possible challenge previous resistant 0.635 - 0.75Ekovest is at the bottom of the uptrend tunnel,
we can enter at this level and aim for the previous resistance around 0.635.
Risk reward Ratio = 1 : 3
First TP RM0.635
If it breaks 0.635, it might go up higher to 0.75
Cut loss at 0.515 / 0.49
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KLSE possible to stay above 1700 in year end?KLSE index now is at all-time high since July 2019,
it reached top of the tunnel, can it really break up and head to 1800?
With so many uncertainties in political problems and increasing numbers in Covid, EPF cashing out, I'm doubt about it..
I'm expecting a rejection very soon.
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GPACKET may be on a path to profitabiltyJust HOLD and WAIT.
Pre-profit companies are often risky, but they can also offer great rewards.
In the last year, Green Packet Berhad wasn't profitable at an EBIT level but managed to grow its revenue by 30%, to RM655m.
With any luck, the company will be able to grow its way to profitability.
BURSA possible upside RM10++Bursa previously has retested 2 times at RM 7.8, but failed to break lower.
Hence we can take that as a strong supporting zone.
And looking at the momentum, selling momentum is changing to buying.
Looking forward to retest the previous resistant Rm10.20+
Risk and reward 1.8 : 0.8
And coming QR is promising!
PRICE ON TRENDLINE SUPPORTThe price did a pullback for the previous one month and had retraced just nicely on trendline support. Heiken Ashi just turned green on last Friday as well as Parabolic SAR on daily timeframe had shown its first buy signal which indicates a reversal in near term from downtrend to uptrend will take place. Ride the trend until it bends. Price will try to break its 52w high @ RM0.68, let's see how it goes. Cutloss 3-5% below trendline. (Just a trading idea)