KPOWER - shows Sign of Reversal Initial glance in daily chart shows this counter formed descending triangle chart pattern which is bad - continuous bearish trend. But in smaller time frame 1H chart, it actually formed symmetrical triangle to which it can potentially break out from its trend line resistance and thus reverse its bearish trend.
Heightened banker activities started from 19 February 2021. This counter is rumoured to be involved in solar projects.
Disclaimer: Trade at your own risk.
Malaysia
HEXTAR : Uptrend continue ?6 Mac - Hit highest price
- Still in uptrend pattern
- Stochastic in uptrend in Normal Zone
- MACD line above MACD signal and above 0 = stronger signal
- Strong Momentum
- Jerung at 20%
Note:
- Low accumulation activity. If accumulation activity became higher then distribution mean the stock is strong (Jerung keep the stock)
GCB (5102) BURSA MALAYSIA 3/3/21The study is based upon Volume Price Spread Analysis and M omentum
Major Trend-line breached.
Close: 3.02
EP: 3.08-2.96
Sl: 2.65
TP:3.29/Open
Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision.
KPJ (5878) BURSA MALAYSIA 3/3/2021The study is based upon VPSA meaning Volume Price Spread Analysis and Momentum
After almost 3 months sudden interest is shown.
Close: 1.05
EP: 1.07-1.02
SL:0.92
TP: 1.15/1.30
Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision.
JFTECH BHD - KLCI ( Possible retests level )Managed to hold 0.618 and a short term crucial zone.. 4 possible movements that will follow by it's up coming possible achievements..
Esceram - Dropped to EMA20 Support and Rebound againBounced off from the red EMA20 line after another sell down due to sudden bad market sentiment. This is the 5th occurrences after the uptrend officially started on 21st Jan. Banker chips at 60%.
770 will be strong support here and 840 resistance which is hard to break.
Disclaimer: Trade at your own risk.
CYPARK Ascending Triangle Forming a perfect ascending triangle at 50-50 risk/reward ratio with support at 1.370 support and 1.590 resistance. It had some challenges to break the 1.480~1.520 zone. Once this zone becomes a good support, it won’t have problem to break out from its 1.590 resistance.
Renewable energy is an important aspect of EV theme and together with Solarvest and Saimaden, this counter has bright future prospect.
Disclaimer: Trade at your own risk.
SKPRES to Rebound from EMA50This counter has the tendency to bounce from dynamic support EMA50 to remain bullish. Perfect time for entry. Among the biggest EMS together with VS and ATAIMS.
Support at 2.170~2.225, resistances at 2.315, 2.405 and 2.550.
Disclaimer: Trade at your own risk.
Esceram standing strong and still a good long term prospectEsceram’s suddenly plunged to the low of 740 which is near to its EMA20 support line when the market was spooked by external factors for a short while. Weak holders were shaken out and price’s steadily inching towards 800 mark. Closed at 790 with strong buying interest.
Immediate support and resistance are 720 and 845.
Disclaimer: Trade at your own risk.
VS expected to continue its Bullish Momentum and BOSupport is still valid at 2.810 and the resistance at 3.120. Banker’s chip is at 85%.
Disclaimer: Trade at your own risk.
Aemulus - dropping to Strong Support?The plunge seems stabilizes. It is a big possibility we're seeing a reversal towards bullish movement if today's candle closes as a bullish one. Bankers are intact at 68% and reduction of volume is healthy.
Support at 810~830 and resistants at 900, 950, 980 and 1040.
Notion - Monitor for Bearish Continuation or ReversalA counter that is recently linked to EV theme, recently it failed to break through twice the resistant at 995 hence forming the Double Top pattern.
A bearish continuation is confirmed if it drops to below the neckline support of 840. It needs to maintain above immediate support of 880 and crossed the the green EMA50 and red EMA20 line for a bullish breakout to reverse its overall downtrend movement.
Disclaimer: Trade at your own risk.
Ruberex H&SWeekly chart depicting Head and Shoulders pattern. Currently the Glove counters sentiment is very weak now. Immediate prospect isn’t looking good.
Aemulus possible to break ATH and sit above 1.050Sitting well above trend line support, this counter has potential to go up further due to strong banker chip presence and healthy RSI below 60. Bullish MACD Crossover is predicted to happen anytime soon for next few trading days. This counter needs to be solidly closed above 95 sen next week to be seen as a strong mid to long term counter priced between RM1~1.50.
Disclaimer: Trade at your own risk.
VS to rebound from Trend Line SupportThings are still looking good for the dragonhead of local EMS despite the gradually shift to recovery stocks. Price is ascending nicely in an ascending channel. A bullish candle is expected to form a Bullish Morning Doji Star pattern here. Banker chips are still strong with good momentum. Entering now is perfect for those who wish to hold this counter for long term or investment.
Disclaimer: Trade at your own risk.
D&O, UNISEM, VIS - Best Malaysia Tech Stocks to Buy & Watch Now?Malaysia tech stocks have been on fire for the past 6 weeks with handsome return. Is it too late to start buying the tech stocks now? Not all tech stocks are equal. How should one pick the right stock with potential higher return?
In this video, you will find out the top 3 best performing stocks MYX:D&O , MYX:UNISEM , MYX:VIS with the potential to even outperform the rest in the Malaysia technology sector.
Price action analysis and volume spread analysis (with Wyckoff trading concept) are adopted to decipher why they are the best stocks to trade together with possible low risk entry with either breakout trading or pullback trading strategy.
Telecom Stock to MonitorIf Monday continues to run on 5G government implementation news, hope it breaks and stays above the resistance line.
Luster’s potential symmetrical triangle BO within 3 months Accumulation phase begins on 11 June 2020 to current with relatively higher volume pouring in. With good FA, projected ATH breakout 29.5~37 sen will happen anytime from now till 14 May 2021 within the green box.
Disclaimer: Trade at your own risk.
Potentially Super Growth in 2021Potentially Super Growth in 2021- SCOMNET
SCOMNET(0001) will most likely break out from the interim resistance for RM2.16 to retest its previous high of RM2.38. With RM2.00 as support, the Reward to Risk Ratio is about 4 times
Bursa Yong Tai Berhad - Vaccine the BreakerThe descending/ downtrend trendline might be broke soon, probably due or supported by the latest news released regarding the rejection of the vaccine application by ministry of health claimed as rumors.
Chart trading idea are based on H1 timeframe. We can either sit tight at the nearest supply or entry once the market is open tomorrow morning.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
