Should I sell off my stocks?Should I be selling off my shares? Well the official reply to that is you have to decide that yourself as market analysis, we analyse and spot potential reversal zone.
0183 is a relatively new stock data only start from 16May2016 not much can read off from this.
The 2 potential prices to look into after the market cross the psychological level of $1.00 will be $1.085 but a more important key level will be $1.265.
At these resistance(upper restraint) level are potential "sell-off". In my trading decision, I look into the "think like other traders", if people are exiting the market what are the price they are looking at?
Psychological Level will be $1.000, if the weekly candle break and close above $1.000 I will have no concent until price touches $1.085 as it forms structure restrain, breaking and closing above I will be looking to exit at $1.265, a price that I expect huge market movement.
Malaysiastockmarket
EKOVEST BHD Stay Long Towards 1.000 With weekly and daily price closure maintain above 21-Day Moving Average, its indicate price is intend to move further upward towards 1.00 per share price. However, the closure of the price need to be consistently above 0.7500 to support the bullish movement. Best buy price is around 0.730-0.750 with Stop below 0.700.
CAHYA, truly a 'Sparkle' in your investment.I will put my money in this stock. PERIOD!
CAHYA is one of the companies that supply raw materials in construction. They involve in the constructing of PAN Borneo Highway, billions of ringgit telecommunication tower project which was awarded to 5 contractors including them and many more. Don't forget that in Sarawak, the state only accepts local companies with employees 90% from Sarawak only. What I'm trying to say is, there are not many competitors in the state and we can expect a very good return.
Back to the chart, it is now has completed the last wave of correction, and it is currently at the demand zone before heading up. DTosc and Stoch indicator shows that the market is biased in the OS area since the last trend wave which was in June 2015, it also means the market no longer wants to go 'down'. There is also a divergence in MACD showing that the momentum was weak. I will definitely put my money when Dtosc and Stoch market reaches the OB area and making a 'change of route' in that area. Surely it will be a good investment.
Malaysia Stock Market FBMKLCI "Asian Tiger" a Long Journey to goThe Malaysia FBMKLCI entered into a Long Term Downtrend since last year 2018 in the month of September the index formed a Deathly Crossover of the 3 lines applied. Since then the index had it's momentum hammered all the way downward from 1,826 to 1.626 lowest in the month of December 2018. As the global market starts to recover entering into the Year 2019 on wards the Malaysia FBMKLCI definitely need to follow suit by having its recovery from its lowest 1, 626 towards its highest 1,732 in the month of February 2019. In the month of February 2019 the FBMKLCI hits its crucial resistant which is the (red line) and since then the index retraced from that high towards 1,664 in the month of March 2019.
The Malaysia FBMKLCI continues to maintain in its Long Term Downtrend scenario unless 2 key level of resistant have been achieved in the near term:
1) 1,700 psychological resistant level
2) 1,760 crucial point of resistant level
Once these 2 level of resistant have been achieved the Malaysia will then only be on its right track moving towards "Asian Tiger" journey which is now far to be seen yet.
The Malaysia FBMKLCI Downside risk level:
1) 1,626 the immediate support level.
Index performance does not guarantee your portfolio of stocks performance. Stocks will have their own individual performance. Views shared on the FBMKLCI does not recommend a buy/sell on the general KLSE stocks decision
HIBISCS (5199) Taking Off to NorthHIBISCS (5199)
Golden Crossover formed on February 2019 based on the 3 lines.
Consolidating below its Midpoint price RM1.06 for a month.
Today the breakout above its Midpoint signify further rally ahead.
**IMPORTANT**
Ideas shared are merely just for analysis and studies. No buy or sell call actions should be taken seriously unless the person reading this has done his/her part of analysis at their own free will.
DAYANG (5141) Retracement to Its Gap?DAYANG (5141) a darling stock for all since January 2019
One of the darling oil & gas stocks in Malaysia that rallied +250% ROI within a span of 3 months!
Golden Crossover of the 3 lines formed in the month of February 2019.
Mid point price resistant at RM1.70
Price retrace from RM1.70.
1st gap at RM1.18
2nd gap at RM0.825
DAYANG looks comfortable to drop towards RM1.18 to close its 1st gap.
If there is a need to head towards its 2nd gap that will be real cruel to all investor and trader whom did not fold this stock at high.
Know when to hold'em, and most importantly know when to fold'em.
**IMPORTANT**
Ideas shared are merely just for analysis and studies. No buy or sell call actions should be taken seriously unless the person reading this has done his/her part of analysis at their own free will.