Klsetrading
Elsoft possible breakout higher, TP 0.75Elsoft 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
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MBSB entry on reboundMBSB 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.
Puncak TP 0.28Puncak 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.
TEKSENG TP +20%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%
SCGM TP +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 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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Buy on Pullback for Strong BO Stock (Good R-R Ratio)Ataims
2.35
TP 2.70 (previous all time high)
CL if break below 2.24
Theme
-Dyson plan to invest in SG which is the main client for ataims.
-EMS order can sustain until pandemic is over.
***************************************This stock need patient & discipline************************************
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!
JCY supporting key levelJCY 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.
Inno challenging previous new highAs 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.
Hartalega Holdings - A Neutral StandstillIn 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 conservative development on the companies recovery as well as in prevention of susceptible financial shocks within the country.
As seen on the chart, the support and resistance are drawn and matched precisely in accordance to the stock's historical transactional volume whereby the highs and the lows presented a box of a specific R-R gameplay for investors to look out for. MYX:HARTA
Aug26 - FKLI (Daily) - Bearish <154x, Potential Target 148x-150xFailing S1 will invite BEARS, my MAJOR position targets are: 148x-150x, 138x-140x
Don't forget to refer back to midterm ABC correction post below for potential minor targets.
Faster Update on T3L3gram: MyTradingSpace by JK
Happy Hunting! 🚀🚀
-JK- MyTradingSpace
Aug10 - FKLI (1D) - Failing Major UTL, Potential Test S@150x-2xFailing to stay above:
1) Major UTL carrying rally from 12xx COVID-lows
2) Unable to stand above 158x-160x immediate resistance zone
These will lead to further correction. 🐻🐻
near term target: S@~150x-2x, daily ema100
Refer back prev FKLI post for multiple horizontal support zone;
also, not to forget mid-term major correction back to 140x which is still in progress 👇🏻👇🏻
Happy Hunting! 🚀🚀
-JK- MyTradingSpace
Aug03 - FKLI (1D) - Failing Major UTL, Will Invite Bears...🐻Prev post support target, S1: 154x-6x reached~ ✅
After whipsawing between 158x-161x for the most part of July, I believe we'll see further weakness on the index in August month;
with prolonged momentum weakness since June top, while price now testing the major UTL carrying rally from sub-1400. ⚠️
Watch: UTL (blue),
If UTL fail, we will see further weakness ahead. 🐻🐻
Multiple major & minor horizontal Support <156x has been marked. :)
Happy Hunting! 🚀🚀
-JK- MyTradingSpace
Vizione selling momentum decrease, possibly outbreakPossible outbreak on Vizione, price reach Uptrend Tunnel bottom
strong support at 0.405
Entry price : 0.43
1st TP : 0.5
2nd TP : 0.54
Cut Loss at : 0.4
fbmklci momentum decline, might pullback 1488For next week, we might see KLSE move slight high to 1620, but the momentum is declining, a fake up movement.
Most probably to see a pullback to 1488 next 2 weeks.
