Afujiya, maybe we can put in our stocklist, Looking at the volume are slowly building up and selling pressure is decreasing. Maybe we will see price go above 0.5-0.535. Like my works? Please hit the Like, Follow and Share :) Thanks! Disclaimer This information only serves as study references, does not constitute a buy or sell call.
Both green lines are support resistant zone. The volume and price building up nicely and follow the uptrend tunnel nicely. Selling pressure towards 0.48 are gone. Risk reward ratio : 1.8
Elsoft possible to breakout higher. PRICE NOW 0.64 Today volume and price increase. Selling momentum decreases forming a divergence in momentum. Red line indicates the downtrend line, price are ready to cross up the red line soon. RISK REWARD RATIO - 1:2.3 TP 0.75 2nd TP 0.9 CL 0.59 Like my works? Please hit the Like, Follow and Share :) Thanks!
MBSB fall to previous support resistance. It still on an uptrend, and near bottom of the uptrend tunnel. Momentum appeared divergence, decreasing selling pressure. With 4.55% DY. Is a good counter to hold on a mid-long term.
AZRB already broke the red line(downtrend) and is trying to break previous high resistant, once it break the next target will be around 0.33 Risk & Reward ratio = 1 : 1.83 Target price 0.33 Cutloss price 0.245 Like my works, please hit the like button and follow :)
Puncak is trying to break the previous resistant level. We can see some unusual volume buying in these few days, if the price successfully breaks the white tunnel, it will likely reach 0.265, 0.28.
As shown on the chart, selling momentum is decreasing, and price action show us, the buying interest is back cutloss is 5%, profit is 20%
As on the chart shown, this is key level support, and a VCP pattern is formed (flag pattern) looking at the risk and reward ratio, TP will be 20% from here and cut loss will be 5% below
Ekovest 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 Like my works? Please hit the Like and Follow button :)
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. If you like my work, please hit the like button :)
As shown on the chart, Price action crossed up the long term downtrend resistant line with Volume, Low1 and Low2 formed a Divergence in MACD. 1st TP will be at RM0.45. 2nd TP will be at RM0.535. Cutloss at RM0.27/RM0.28 Profit Loss Ratio = 3 : 1
Detailed Elliott Wave Count for Malaysia's KLSE index since its inception. Once Primary Wave 5 is in - we'll probably head into recession, though that's still a long way to go; probably at least a decade.
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!
JCY has reach a key level supporting zone, failed to break up higher. Stay neutral on this price now. Near-term might rebound high to 0.715, and then stay sideways. Bound range around 0.535 - 0.715.
As we can see on the chart, inno is challenging previous new high. Volume is still missing out. Price might pullback to a higher low around RM1.10 before going for a new high. Only buy in if volume and price moving up together.
We can clearly see a few rounds of testing on resistant level 0.125. Hopefully we can see the price stand strong at 0.11 this round, and volume is coming back. TP 0.18 CL 0.09
In this week ahead, the glove stocks are poised to receive shocks from the Malaysia's Parliamentary tabled response on the take of Malaysia 2021's Budget Reform. This reform entails high fundamental risks to not only glove stocks but also other relevant stocks such as "The Renewable Energy Sector" as the budget pursues a wide variety of efforts to spearhead a...