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Entry Opportunity for Boilermerch (0168.kl)Observation: a) Market Stages: - Stock is currently in the beginning of Stage 2 (Mark-Up). b) Trend Line: - Price traded sideways nearly 4 weeks before moving up, turning Resistance into Support. c) Price & Volume: - Price spread is small with very low volume during its sideway move. - High vol. came when it broke the Resistance, currently turning it into support. Based on observation, currently price is making a pullback with low volume. Every trade is 50-50 since no one can predict market movement. If entry is made, my trading plan would be as follows: Entry Price: 63.5 sen Stop Loss: 59.5 sen Profit Target: 67.0 sen
MYX:BMGREENEducation
by mdalifalwi
HSS Engineering Kembali Lagi? (0185.kl)Pemerhatian: a) Peringkat Pasaran: - Harga berada pada awal tahap Stage 2 (Mark-Up). b) Trend Line: - Harga telah melepasi Downtrend (pertengahan Jul - pertengahan Sep'19). - Harga disokong pada aras 75.5sen sebelum ia melonjak naik. c) Harga & Volume: - Walaupun terdapat tanda-tanda SOW, namun harga masih tetap disokong kuat. - Terdapat satu cucian (19 Sep) dan satu percubaan (24 Sep) sebelum harga mula mendaki naik. Berdasarkan pemerhatian diatas, saya akan trade saham ini. Walaubagaimanapun, perlu diingatkan bahawa setiap trading adalah 50-50 dan perlunya ada Trading Plan untuk kita ikuti. Boleh lihat posting saya sebelum ini mengenai HSS Engineering.
MYX:HSSEB
by mdalifalwi
Get ready for Khee San (6203.kl)!!- Khee San has been on a Downtrend for sometime before starting to move up early of this month. - Price went out of the Downtrend and starting to move above previous Resistance. - At the time of writing, we can see that after the last up move, the price spread is now narrow with volume decreasing. - Based on experience, the price is ready to move up. - Do bear in mind that trading is 50-50. So, always have your Trading Plan in place. - Let's see how the price fares in the next few bars.
MYX:KHEESANEducation
by mdalifalwi
How high can Frontken (0128.kl) go?- Frontken has been on an Uptrend for some time. I did write about it months ago (click on the link below). - In the recent chart, we see that the price is trying to break Resistance @ RM1.67. - At the time of writing, we see an LC breaking through this Resistance at its 3rd attempt. - If this is a genuine break, volume must be high and price will then do a pullback just above the Resistance line. - One should not trade based on emotions. Let's wait and see the progress after few days.
MYX:FRONTKNEducation
by mdalifalwi
Similar pattern in UEM Sunrise (5148.kl)?Current chart pattern in UEM Sunrise last night is similar to Gadang (click link below). - Price was on downtrend before being supported at RM0.655. - It then move up and now hovering above 20MA. - There are 2 possibilities: a) If price hovers above RM0.69 with decreasing volume, we can expect price to move up. b) If price breaks RM0.69, it means market is not ready to move up and may move sideways. Advise to monitor from the sideline. - If it break the support at RM0.655, then the Downtrend continues. Let's see how the price movement in the next few bars.
MYX:UEMSEducation
by mdalifalwi
Opportunity in Gadang (9261.kl)?Gadang has a good background in the last 4 weeks. - Price moving sideways with minimal spread and volume is low. - It has Sp, followed by a few Test with low volume. - Price went up few bars before went down in the last bar. Assuming this is a pullback, we need to the see the price movement and volume. - If pullback succeed, may consider entry at the following: Entry: 0.725 Stop Loss: 0.71 - We may take partial profit at 0.78 (Resistance line).
MYX:GADANGEducation
by mdalifalwi