Malaysia Bursa - Healthcare SectorMalaysia Bursa
Healthcare Sector break downtrend line.
More higher high and higher low incoming.
Malaysia
SUPERMX - Down Trend to Up Trend LineTrend line broken and become uptrend for now.
Higher high & higher low formation at the moment.
QES Continuous Rounding Bottom BOShort term traders can continue to ride on its continuous upward momentum movement on next trading day as confirmed by FIFT and ExpertSignal indicators. Banker chips at near 80%. Perfect rounding bottom breakout will happen soon if it manages to stay above 590 for coming weeks.
Support at 545 and another candle is needed to see if 590 will be new resistance turn support. New ATH beyond 665 is possible. Another Sen to Ringgit Champ candidate in my portfolio.
Disclaimer: Trade at your own risk.
GOLD RETRACEMENTGold will go for retracement after bullish yesterday.
the price needs to break the zone and make bullish engulfing to push price higher.
Samchem - Super Bullish Buy on BreakoutOne of my few favourite stocks forming rounding bottom with Cup & Handle. Projected to breach ATH resistance at 1.530.
Support at 1.455.
Disclaimer: Trade at your own risk.
Inari to Test ATHGood tech counter to swing trade with promising potential as it is related to 5G implementation in the country.
Expecting it to pull back a little before rebounding from support unless there is something that will excite the market due to weakening volume, MACD and banker chips.
Strong support around 3.200~3.260 region and resistances at 3.445, 3.560 and 3.750.
Disclaimer: Trade at your own risk.
JAKS Falling Wedge PatternVery strong support at around 615~625 region and RSI is still heavily oversold even after strong technical rebound on last Friday. Need another bullish candle for short term trend reversal confirmation to upside which is high possibility. Overall on downtrend pattern since 30 March.
Resistance to break at 695 and 745.
Disclaimer: Trade at your own risk.
Bullish Symmetrical Triangle BO for EvergreenNice chart pattern formed over the duration of 3 months. Possible bullish breakout for this counter not far from the apex. And uptrending and super bullish stock where EMA20 is above EMA50 and its price closed above EMA20.
Support at 380 and resistances at 440, 475, 530. Today it couldn’t break the 440 resistance.
Disclaimer: Trade at your own risk.
Ajiya with VCP Pattern to BOVCP pattern formed over 3 months period with decreasing volume with 1st, 2nd, 3rd contractions: 20.54%, 9.37%, 5.03%. Confirmed BO if it manages to close above 590.
Supports at 560, 540 and resistances at 590, 605, 635.
Note: This is a low volume counter.
Disclaimer: Trade at your own risk.
Esceram’s Pending Rounding Bottom BO?Finally broke through the former heavy resistance of 770~800 and managed to close at 810. Need to close above 845 to complete the rounding bottom pattern perfectly for possible further breakout.
Support at 770, resistances at 845, 890.
Disclaimer: Trade at your own risk.
FKLI - Range bound and going to retest 1700 again?FKLI have been trading in range-bound since early 2021. With the current stability in public health (COVID-19 numbers reducing) and politics, will the retest and breach through 1,700 this time?
simple analysis: bullish target zone from pullback fib extensionmedium term target zone: 9.6~9.8
long term target zone : 10.8~11.0
Target zones are confluent with existing SR zones (yellow)
Be patient to wait for another pullback to confluence of:
i) current support zone (green) ; &
ii) 21ema
before considering a long play.
QES - Forming Falling Wedge PatternStock monitor for a breakout if it can, or else it'll be a downtrend continuation.
Predicting price for rebound --- fib extension from pullbackLIKELY SCENARIO
-- Price rebound from bearish price target @ 0.59~0.60
-- derived from 150%~161.8% fib of MINOR pullback during drop
-- Bearish price target confluent with MAJOR pullback during drop @ 0.59->0.71
LESS LIKELY SCENARIO
-- Price rebound from bearish price target @ 0.52~0.54
-- derived from 150%~161.8% fib of MAJOR pullback during drop
3 Malaysia Stocks to Ride the Recovery ThemeAs the funds being rotated out from the technology sector MYX:TECHNOLOGY , recovery theme stocks in Malaysia has outperformed the market. In fact, it is possible that the recovery theme rally has entered into Wyckoff phase E, which is the marking up phase where the momentum move begins.
In this video, you will find out the top 3 Malaysia stocks MYX:AIRASIA , MYX:GENM and MYX:GENTING that are now riding and leading the recovery theme. Potential low risk entry via pullback trading or breakout trading together with the targets at the key levels are covered in the analysis.
VS Monitor for Due Technical ReboundEMS stocks VS, SKPRES, ATAIMS are the hardest hit in the major tech stocks retracement. VS had the worst single day drop as the banker chips dropped just to mere 5%.
Scalpers can monitor for entry as RSI shows it can rebound anytime and it closed just above the strong support of 2.555. For holders looking to enter, please stay away from techs temporarily until the theme stabilises and won’t drop further.
Support at 2.555 and resistances at 2.775, 2.910 respectively.
Disclaimer: Trade at your own risk.
QES will further PullbackThere is possibility QES will further retrace to near 535 area, the next strong support after it closed within the current strong support zone between 600 and 560 with the slowing momentum.
The best entry price will be between 535 and 540 to take advantage of possibility the price will be pushed up just before QR for the coming week.
Disclaimer: Trade at your own risk.
Esceram’s Closed above its EMA20 SupportEsceram need to break the 770~800 region to be able to fly. Current support is at 720.
RSI is healthy and I believe this counter will fly soon as sharks are accumulating (bankers at near 80%).
Disclaimer: Trade at your own risk.
DNEX possible Pennant BOPossible pennant breakout for this counter. Support at 660 and resistances at 730, 840.
Bankers are still maintaining their position at almost 80%.
Disclaimer: Trade at your own risk.
