A Buying range in Kobay Technology Kobay Technology cimbed and touched the RM 6.04 resistance level. With its RSI Indicator pointing upward, coupled with a higher trading volume. We see a possibility for a technical breakout. If this happens, we expect it to move towards the short term target price of RM 6.25 abd RM 6.38. The downside support is projected at RM 5.77. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM 6.04
Target: RM 6.25, RM 6.38 (time frane: 2-4 Weeks)
Cut loss: RM 5.77
Klsetrading
TNLOGIS positive momentum building upHigh volume is building up,
buying momentum positive.
Possible challenging previous high, RM1.10
1st TP : RM0.95
2nd TP : RM1.10
CL : RM0.845
Risk & Reward : 4
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Possible technical outbreakLooking at last friday closing with high volume on last trading hours,
buying momentum is building up.
Possible challenging RM1.
TP : RM1
CL : RM0.87
Risk & Reward : 3
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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)
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Positive Momentum building upPrice action breaking up high with increasing volume.
Targeting +10% profit from current 0.675
Risk Reward ratio: 2++
Cut loss : -5% (RM0.64)
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Possible technical outbreakBoth green lines form a triangle squeeze
Monitor closely, if a strong green bar appear and crossing up, is a strong buy signal.
Suggest entry price 0.595
My first TP will be 0.72
Cut loss if anything go lower than 0.52
Risk reward ratio = 1.7
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Rebound aim 10%SDRED sharp fall from previous high and rebounded on the moving average(purple line).
I'm aiming for a further 10% rebound from here, 0.76.
Cut loss if it drop below 0.735.
Please be aware, this is a high risk move.
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3rd attempt to break thru resistantDKSH is trying the 3rd attempt to break the previous high at 3.8
once it successfully break 3.8, we can aim higher for 4.26 and 5.5.
Cut loss if anything go lower than 3.17
Risk reward ratio = 3
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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
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strong buying interest on PasdecPasdec have a strong buying volume on closing today, and it is near the previous high.
0.405 is 1 of the resistant line, if it continues to go higher,
next target will be 0.45 ; 0.51 ; 0.57
1st support 0.37 ; 2nd support 0.32
cross any lower should cut loss!
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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
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Strong buy in, TP 3.3Very strong buying momentum.
Price firmly broke out previous resistant 2.66 with much higher volume and strength.
I'm expecting first TP @ 2.94, then 3.33.
Considering cutloss at 2.4.
Risk & Reward ratio = 2
TP = 20%
CL = -10%
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May17: FKLI (Weekly) - Sideways-Down <R1 @161x-3x 📉🐻Momentum turn from neutral to slight weakness...
Major Support at 150x-3x still holds , albeit weekly close below ema100 (~158x area)
❇️ Fundamentals:
Market sentiment likely dragged down by deteriorating COVID situations, both nationwide & worldwide.
Q2 GDP figure unlikely to be favorable (despite mainstream media bullish projections)
Commodities price spike + money printing: Inflationary pressure will continue to add to households burden & current economic woes.
❇️ Interested in initiating Positional Shorts on FKLI should:
1) Upon failing of S1 zone, 2) COVID worsen, 3) Tightening on MCO3.0 SOP
Happy Hunting! Stay Safe! ⭐️
-JK-
KLSE in a caution trade.Due to this longer pandemic, no body will know until when this will last. Malaysian government, is very caution for the economy. Total lock down will make economy more worsen , and hard to awakening. The pattern is likely to challenge all the supports, but if there is a high demand of economy ... perhaps the trend will obey the uptrend channel.
CIMB possible cup and handle patternCIMB supporting at this MA area, and it has possibly forming an uptrend cup and handle pattern.
Looking at the financial sector / fbmklci, there's a possible rebound.
If this zone confirm the support, possible TP will be at 4.95, 5.26, 5.6
The supporting price is at 3.8.
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2nd swing trade entryUzma testing on the new support/ higher low.
The support fall on the long-term downtrend resistance(blue line), now become the uptrend support.
Will be testing the previous high again @ 0.895
TP : 20% / 0.895 ++
SL : -10% / 0.665
Risk reward ratio = 2++
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2nd entry and possible ATHEarlier we have an entry signal for this, reach the TP and successfully close it, now it fall on the support line where selling pressure is low.
Price action and volume , showing buyers' power increase.
Risk reward ratio = 1.38
TP = RM1.40 / +20% or more
CL = RM1.03
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CMMT broke long-term downtrend lineCMMT broken the long-term downtrend line, volume starts to build up and price are chasing up.
The lowest low at 0.595 has been tested few rounds, it can't go any lower now and the selling pressure are changing to buying momentum.
My first TP will be 0.835
second TP will be 0.9
Risk reward ratio = 2.2++
Cut loss if anything go lower than 0.69
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Immediate support for all glovesGreen line = downtrend X line, supporting line
price fall exactly around the X line and Fibonacci line, showing that here is one strong supporting zone.
Buy for a rebound play, expecting rebound to RM5.2 ~ RM5.6.
Consider a minimal risk to enter at this price.
Cutloss = -10%
SMCAP rebound from supportExpecting a rebound from bottom of the uptrend tunnel.
Selling pressure getting low, and buying momentum increase.
Risk reward ratio = 2.7
TP = 20%+
CL = -8%
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