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Malaysian MCO 3.0 effect.Due to Malaysia have decide to run back a total lock down, only some economy areas are open to support sustain the economy. But the inflation and other demands are insisting the economy to fall back in the bearish trend. Luckily the Malaysian government have make an exit recovery plan, and perhaps all it will work soon.. or the economy impact will be in the bad shape. When the economy in the bad shape, the recovery will be hard and more difficult to rise back. In the 6 month ahead is the critical economy pull back, And the government must stick to all the plans that have been made to bring back the economy in the psychological area. There still have supports down, but it will be a hard to bounce back when already below the market price. All the stock market will also impact hard during this session, buying a stock this year is not really worth. All the best for all Malaysian, and investors.. Be safe, stay at home..
INDEX:KLSELong
by SL-Trades
IJM's turn for spotlight soon?Looks like IJM sprinted way ahead of its time. A case of too early too fast perhaps. But anyway, it's looking like a cup and handle formation with the neckline at RM2.02. Will it jump back up the next session after a red candle today? Let's see what Mr Market says. Definitely worth keeping this in the watchlist and monitor for breakout play. Still good as long as support and trend line is not violated. Dislaimer: This is by no means a recommendation to buy/sell. The ideas shared here are mainly for educational purpose only. Please consult your financial advisor prior to any investment decision.
MYX:IJMLong
by I0NMAN
Waiting for Mr WongWong Engineering Corporation was in my watchlist for past few days to see if the breakout was successful. However, it was a bad candle on 9th June to close with bearish engulfing, Let's monitor how the trade goes for this counter over the next few days and see if Wong can still breakout from the neckline of RM1.04. I am very keen on this because of the depth of the cup that is projecting a "possible" price objective of RM1.50 if the cup with handle pattern breakout is successful. Please do remember price objective for depth of cup is always a guideline, as traders we have to monitor the market changes and the trend to help us decide entry and exit points. Always remember this: TREND IS MY BEST FRIEND . Dislaimer : This is by no means a recommendation to buy/sell. The ideas shared here are mainly for educational purpose only. Please consult your financial advisor prior to any investment decision.
MYX:WONGLong
by I0NMAN
MPAY looking goodMPAY looks like ready to breakout from cup with handle pattern with the neckline at 26.5 cents. Past few sessions volume have also been more active. Based on the depth of the cup, the potential price objective for MPAY could be somewhere at 35 cents. Will the cup with handle breakout be successful? Let's seee Dislaimer: This is by no means a recommendation to buy/sell. The ideas shared here are mainly for educational purpose only. Please consult your financial advisor prior to any investment decision.
MYX:MPAYLong
by I0NMAN
Possible technical breakoutPrice action breaking up a long term downtrend resistant line with building up volume . Some FA info, this company is doing apparel, textiles, fabrics. And recently they are doing fabric reusable face mask, PROXMASK, www.prolexus.com.my Targeting +10% - +20% profit from current RM1.12 Risk Reward ratio: 1.8++ Cut loss : -6% (RM1.05) Like my works? Please hit the Like, Follow and Share or tip me a few coins :) Thanks! Disclaimer This information only serves as study references, does not constitute a buy or sell call.
PLong
by DannyKc
Cuscapi daily chart-Since the buy signal sparked in feb 2021, after the long time consolidation period, the stock has formed a top saucer pattern from march through june 2021. -Stock made a peak in mid march and may before falling and made a rebound respecting the 1/3 speedline that served as a support. -the recent trading day with the appearance of Marubozu has generated a buy signal from double crossover of EMA 5 and EMA20. -The overhead congestion of the Chikou line imposing the biggest resistance for the time being. This confluence with the Senkou span A that is overhead the marubozu candlestick.Besides, the 2/3 speedline will also offer as resistance. -Breaking above kumo cloud and the 2/3 speedline will put the resistance of the previous peak in perspective at range 0.345 -Overall i will take the stock as cautiously moderate bullish.Cautious are because of the top saucer pattern and because of the overhead congestion.Moderate bullish are because of the appearance of Marubozu accompanied by the expansion of volume and the current traded price falls in between the 1/3 and 2/3 speedlinesas as well as the buy signal given by the EMAs validated by the RSI reading that is more >50 -Support level is the 1/3 speedline. *few other data are purposely not included as this is just purely a case study analysis,not a buy nor sell call.
MYX:CUSCAPILong
by ashrafssdin1
1
Greenyb daily chart-Overview of the Greenyb daily chart is bullish given that the stock has been travelling in an uptrend channel making a higher low structure since April 2020. -Chikou line is well above the other lines and as well as above the Kumo clouds suggesting there is no overhead resistance ahead. -Current traded price is well above the Kumo cloud which marks a bullish trend. This is validated and backed by the overlapping Tenkan-sen and Kijun-sen lines which marks a buy signal. Overlapping of both lines shows a strong momentum is underway. Also note the angle of the Tenkan-sen and Kijun-sen lines are more than 45 degree supporting the strong momentum that is underway. -The Senkou spans ahead are converging into one line when the current strong bullish candle appeared on the last trading day.The converging of Senkou lines also suggested of the current strong momentum. -All in all, the spike of volume that follows the trend shows this could be a genuine move. -Breaking above the current channel line, will forecast the stock to travel in the next higher channel lines targeting the aloft channel line at 0.35 equivalent to fibo extension 1.618 golden ratio.
MYX:GREENYBLong
by ashrafssdin1
Possible Technical Outbreak 0.43Broke the long-term downtrend line (Yellow dotted line) Lower low and higher high slowly in form (Uptrend tunnel) Monitor closely, if a strong green bar appear and crossing up 0.435 with high volume. My first TP will be 0.5 Cut loss if anything go lower than 0.325 Risk reward ratio = 2.5 Like my works? Please hit the Like, Follow and Share or tip me a coin :) Thanks! Disclaimer This information only serves as study references, does not constitute a buy or sell call.
ELong
by DannyKc
1
Follow up with Pestech, TP remain!Earlier we have a 2nd entry signal at 1.2. Price doesn't go up as I expected earlier, however, it doesn't break through the cut loss line we set. Hence, I remain on the TP earlier, around 1.4+ Yellow dotted line referring to support & resistance. TP = RM1. 40 / +20% or more CL = RM1.03 Like my works? Please hit the Like, Follow and Share or tip a coin :) Thanks! Disclaimer This information only serves as study references, does not constitute a buy or sell call.
MYX:PESTECHLong
by DannyKc