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Syariah

CUSCAPI was triggered based on the MRV1 on 20 Dec 2023The CUSCAPI buy signal was triggered based on the MRV1 setup at RM0.185, with the closing price on December 20. The target is a 20% increase to RM0.225, with a stop loss of RM0.165. This is expected to take 2–3 months due to the signal being based on the daily timeframe. The price movement pattern is showing a good higher low after a great deal of downtrend from the early 2022 peak. The immediate resistance is at RM0.195, with the next resistance at RM0.215 and RM0.230. Support is seen in the RM0.170 and RM0.155 areas. **This is for discussion purposes only and is not a buy/sell call**
MYX:CUSCAPILong
by syafizi
PA was triggered based on the MRV1 on 20 Dec 2023The PA buy signal was triggered based on the MRV1 setup at RM0.275. The target is a 20% increase to RM0.330, with a stop loss of RM0.245. This is expected to take 2–3 months due to the signal being based on the daily timeframe. Not muuch can be said on its movement but I like how it presents itself. Coming off a downtrend from the start of the year, stopped falling and go flat. Making new higher low and higher high. A price spike to visit its near resistances of RM0.280 and RM0.320 is likely in near term. Support is seen in the RM0.240. **This is for discussion purposes only and is not a buy/sell call**
MYX:PALong
by syafizi
SSF buy signal based on MRV1 setup on 4 Jan 24 at RM0.265 It’s a classic case of a cup & handle pattern - pretty much straight out of a textbook. If you’re a fan of Bulkowski’s C&H pattern trading strategy, you might want to wait for the price to break above RM0.270. That way, you can aim for RM0.285, using the handle low of RM0.240 as your stop loss. But if you’re in it for the long haul, you might want to consider entering at RM0.265. Or, if you’re feeling lucky, you could queue your buy order at RM0.250, which also happens to be the nearest support based on equilibrium. I’d suggest a stop loss at RM0.235 to stick with the minimum risk of 10% based on the price. But you could also place it at the counter’s lowest price, RM0.225. With a 1:2 risk/reward ratio, the target price comes in at RM0.325. This lines up with the projected equilibrium resistance price area. Feel free to tweak the risk/reward ratio to 1:1.5 or 1:1, whatever suits your style. You’re probably looking at a holding period of about 2-3 months since the signal comes from the daily chart. Please note, this is merely an observation and not a suggestion to buy or sell. Always do your own research before making any trading decisions.
SLong
by syafizi
PESTECH buy signal based on MRV1 setup on 29 Dec 23 at RM0.325I have a large number of stocks whose momentum readings are still valid during my absence, but I couldn’t find more when I returned. Weird… The support area could be set at the most recent pivot low of RM0.275. However, this would make my target price based on the risk/reward ratio too high, and I wouldn’t want to hold that long. I would set the stop loss to RM0.290 (which coincides with the equilibrium support area at the same price level) to adhere to the minimum 10% risk based on the price. The target price is RM0.395. To maintain a risk/reward ratio of 1:2, you may choose to adjust this to 1:1.5 or 1:1 based on your preference. The holding period is 2-3 months, as the signal is derived from the daily chart. The momentum signal was triggered near the equilibrium price area and created an uptrend pattern of higher highs (HH) and higher lows (HL) in the process. A momentum signal at these price areas should be able to confirm the movement. Zoom out the chart to see. The immediate resistance is at RM0.335 and the next resistance is at RM0.385. The support zone is at RM0.290 and RM0.2402 follows after.
MYX:PESTECHLong
by syafizi
CYBERE buy signal based on MRV1 setup on 4 Jan 24 at RM0.125 This is a repeated signal that was triggered on 20 Dec 2023 at the closing price of RM0.120. The support area could be established at the equilibrium support area of RM0.115. Suggested stop loss at RM0.105 to comply with the minimum risk of 10% based on the price. The target price is at RM0.150 with a 1:2 risk/reward ratio, aligning with the equilibrium resistance price area. Adjust the risk/reward ratio to 1:1.5 or 1:1 based on preference. The expected holding period is 2-3 months as the signal is derived from the daily chart. The share price just broke through a symmetrical pattern, retraced, and an uptick occurred at the equilibrium support. A momentum reading appeared as confirmation for the pattern play. This information is for discussion purposes only and is not a buy/sell call.
MYX:CYBERELong
by syafizi
PAOS buy signal based on MRV2 setup on 4 Jan 24 at RM0.390 Buy signal for PAOS observed on 4 Jan '24 at RM0.390 based on the MRV2 setup, a higher risk version of the original MRV1. MRV1 triggered on 19 Dec 2023 at the closing price of RM0.405. The support area could be established at the equilibrium support area of RM0.380. The suggested stop loss is set lower at RM0.360 to maintain a minimum risk of 10% and avoid a too tight stop loss for counters around this price range. The target price is at RM0.495 with a 1:2 risk/reward ratio. You may align with the equilibrium resistance price area at RM0.510 or adjust the risk/reward ratio to 1:1.5 or 1:1 based on preference. The expected holding period is about 2-3 months since the signal comes from the daily chart. A momentum reading appeared at the equilibrium support area, showing confirmation to continue upward momentum. This information is for discussion purposes only and is not a buy/sell call.
MYX:PAOSLong
by syafizi
M&G triggers MRV1 on 8 Jan 2023 at the price of RM0.230 at closi This is repeated signal, as the previous signal was triggered on 26 Dec 2023 when the share price was RM0.220 The support level for M&G is RM0.220, but a safer stop loss would be RM0.195, which is also the previous equilibrium support. The resistance level for M&G is RM0.250, followed by RM0.275, but the target price is set to RM0.270 to ensure a good risk/reward ratio of 1:2. The holding period for this trade is estimated to be 2-3 months, based on the daily chart analysis. This information is for discussion purposes only and is not a buy/sell call.
MLong
by syafizi
WONG buy signal based on MRV1 setup on 5 Jan 24 at RM0.235 The support level is around RM0.295, but a safer stop loss would be RM 0.285 to avoid getting stopped out prematurely The resistance level is around RM 0.350, followed by RM0.410, but the target price is set to RM0.390 to ensure a 1:2 risk/reward ratio The holding period is estimated to be 2-3 months based on the daily chart signal Be careful as this is a low-volume stock and may have high volatility This information is for discussion purposes only and is not a buy/sell call.
MYX:WONGLong
by syafizi
ACO buy signal based on MRV1 setup on 5 Jan 24 at RM0.235 This is actually a repeated signal which was observed on 19 De 23 at the same price based on MRV1 setup. Support area could be established at equilibrium support area of RM0.210 which is also the suggested stop loss to maintain minimum risk of 10%. Stop loss aligns with next support area based on equilibrium. Target price set at RM0.280 with a 1:2 risk/reward ratio or at RM 0.280 to align with equilibrium resistance price area. However, you may also adjust risk/reward ratio to 1:1.5 or 1:1. Expected holding period is about 2-3 months as signal comes from daily chart. Nearest resistance to break at RM0.245 Exercise extra caution as this is not a counter with good volume. This information is for discussion purposes only and is not a buy/sell call.
MYX:ACOLong
by syafizi
SENHENG buy signal based on MRV1 setup on 5 Jan 24 at RM0.340 Buy signal for SENHENG observed on 5th Jan '24 at RM0.340 based on MRV1 setup. Support area could be established at equilibrium support area of RM0.325. Suggested stop loss set lower at RM0.305 to maintain minimum risk of 10%. Stop loss aligns with next support area based on equilibrium. Target price set at RM0.410 with a 1:2 risk/reward ratio. Option to align with equilibrium resistance price area at RM0.415 or adjust risk/reward ratio to 1:1.5 or 1:1. Expected holding period is about 2-3 months as signal comes from daily chart. Three resistance areas spotted based on equilibrium at RM0.345, RM0.370, and RM0.390. SENHENG has been at lowest price range since September last year. Return to this price area could be interpreted as establishing a base at this price level. Might not appeal to those looking for quick flip but suitable for those without time to frequently check chart. This information is for discussion purposes only and is not a buy/sell call.
SLong
by syafizi
MASTEEL buy signal based on MRV1 setup on 4 Jan 24 at RM0.345 This is a repeated signal that was triggered multiple times, but the focus is on the one that happened on 14 Dec 2023 at the closing price of RM0.335. The support area could be established at the equilibrium support area of RM0.300, which is also suggested as the stop loss to maintain a minimum risk of 10% based on the price. The target price is somewhere between RM0.405 and RM0.410 with a 1:2 risk/reward ratio, aligning with the equilibrium resistance price area. Adjust the risk/reward ratio to 1:1.5 or 1:1 based on preference. The expected holding period is about 2-3 months since the signal comes from the daily chart. Pattern-wise, it’s still trying to break above the ascending triangle pattern, which was broken multiple times, just not closed above the triangle resistance. A momentum reading appeared as confirmation for the pattern play. This information is for discussion purposes only and is not a buy/sell call.
MYX:MASTEELLong
by syafizi
VELESTO buy signal based on MRV1 setup on 4 Jan 24 at RM0.240 This is a repeated signal that was triggered on 26 Dec 2023 at the closing price of RM0.230. The support area could be established at the equilibrium support area of RM0.215. Suggested stop loss at RM0.205 to comply with the minimum risk of 10% based on the price. The target price is at RM0.280 with a 1:2 risk/reward ratio, aligning with the equilibrium resistance price area or RM0.285. Adjust the risk/reward ratio to 1:1.5 or 1:1 based on preference. The expected holding period is 2-3 months as the signal is derived from the daily chart. This information is for discussion purposes only and is not a buy/sell call.
MYX:VELESTOLong
by syafizi
SEALINK buy signal based on MRV1 setup on 4 Jan 24 at RM0.220 This is the first signal following the retracement due to a sudden spike in both price and volume. The support area could be established at the equilibrium support area of RM0.200. Suggested stop loss at RM0.195 to comply with the minimum risk of 10% based on the price. Consider setting the stop loss around the next equilibrium support area at RM0.165 due to the large size of the price candle. The target price is at RM0.270 with a 1:2 risk/reward ratio, aligning with the equilibrium resistance price area. The nearest resistance is at RM0.235. Adjust the risk/reward ratio to 1:1.5 or 1:1 based on preference. The expected holding period is 2-3 months as the signal is derived from the daily chart. The momentum signal was triggered near the equilibrium support at RM0.165 and broke through the equilibrium resistance-turned support at RM0.200. An uptrend price pattern of higher highs (HH) and higher lows (HL) has been established. A momentum signal at these price areas should confirm the movement. For a clearer view, zoom out on the chart. This information is for discussion purposes only and is not a buy/sell call.
MYX:SEALINKLong
by syafizi
PARKSON buy signal based on MRV1 setup on 3 Jan 24 at RM0.285This is actually a repeated signal, as it was previously triggered on 29 Dec 2023 at a similar price of RM0.275. The support area could be set at RM0.245, or at the equilibrium price of RM0.240. Either way would still adhere to the minimum 10% risk based on the price. The target price is RM0.335, to maintain a risk/reward ratio of 1:2. However, you may choose to adjust this to 1:1.5 or 1:1 based on your preference. The expected holding period is 2-3 months, as the signal is derived from the daily chart. Price pattern shows that this counter quite recently broke away from a symmetrical triangle and now retesting the resistance. There is a possibility that price would fail to break the resistance signal was triggered at an uptick candle near the diagonal support of a rising price channel. The immediate resistance is at RM0.300 and the next resistance is at RM0.355. The support zone is at RM0.240. **Only for discussion purposes. Not a buy / sell call**
PLong
by syafizi
PUNCAK buy signal based on MRV1 setup on 2 Jan 24 at RM0.395 This is actually a repeated signal, as it was previously triggered on 13 Dec 2023 at a similar price of RM0.385. The support area could be set at the most recent pivot low of RM0.350, which coincides with the equilibrium support area. However, I would set the stop loss to RM0.345 to adhere to the minimum 10% risk based on the price. The target price is RM0.465. To maintain a risk/reward ratio of 1:2, you may choose to adjust this to 1:1.5 or 1:1 based on your preference. The time horizon is 2-3 months, as the signal is derived from the daily chart. The momentum signal was triggered at an uptick candle near the diagonal support of a rising price channel. An uptrend price pattern of higher highs (HH) and higher lows (HL) has been established, triggered after a pivot from channel support and coinciding with the equilibrium price area. A momentum signal at these price areas should be able to confirm the movement. Zoom out the chart to see. The immediate resistance is at RM0.435 and the next (faraway) resistance is at RM0.525. The support zone is at RM0.350. **Only for discussion purposes. Not a buy / sell call**
MYX:PUNCAKLong
by syafizi
OVH buy signal based on MRV1 setup on 2 Jan 24 at RM0.225 - This is actually a repeated signal, as it was previously triggered on 14 Dec 2023 at a similar price of RM0.220. - Although the support area could be higher, I would set the stop loss to RM0.195 to avoid having a stop that’s too tight. - The target price is RM0.270. To maintain a risk/reward ratio of 1:2, you may choose to adjust this to 1:1.5 or 1:1 based on your preference. - The time horizon is 2-3 months, as the signal is derived from the daily chart. - The price is still at the lower range of the historical price, and there’s good momentum play on the previous signals. - There’s a 1-2-3 movement pattern from the series of higher highs (HH) and higher lows (HL) after the price retracement in October 2023. This is good enough for a momentum play, especially with an uptick nearing an equilibrium support area. - The immediate resistance is at RM0.250 and the next resistance is at RM0.295. - The support zone is at RM0.210. **Only for discussion purposes. Not a buy / sell call**
OLong
by syafizi
LIONIND buy signal based on MRV1 setup on 2 Jan 24 at RM0.330- This is actually a repeated signal, as it was previously triggered on 19 Dec 2023 at a similar price of RM0.335. - Although the support area could be higher, I would set the stop loss to RM0.300 to avoid having a stop that’s too tight. - The target price is RM0.405. To maintain a risk/reward ratio of 1:2, you may choose to adjust this to 1:1.5 or 1:1 based on your preference. - The time horizon is 2-3 months, as the signal is derived from the daily chart. - There’s no 1-2-3 breakout movement pattern. I’m just expecting that a new higher low (HL) will be created once the recent high (H) of RM0.34 breaks higher. - The immediate resistance is at RM0.355 and the next resistance is at RM0.400. - The support zone is at RM0.305. **Only for discussion purposes. Not a buy / sell call**
MYX:LIONINDLong
by syafizi
SHCHAN triggered based on MRV1 on closing 19 Dec 23Buy signal triggered based on MRV1 setup at RM0.385; 20% target at RM0.465; stop loss at RM0.345; 2-3 months due to the signal based on the daily timeframe. The second buy order after a great jump in price and volume traded and subsequent retracement. Given the large historical price spread between high and low of this counter, immediate resistance is at RM0.425 and next resistance at RM0.540. Support seen at RM0.305 area. **Only for discussion purposes. Not a buy / sell call**
SLong
by syafizi
1
EVERGRN buy signal based on MRV1 setup on 2 Jan 24 at RM0.320- The stop loss level is RM0.165, which limits the downside risk to around 10%. - The target price is RM0.390. To maintain a risk/reward ratio of 1:2, you may choose to adjust this to 1:1.5 or 1:1 based on your preference. - The time horizon is 2-3 months, as the signal is derived from the daily chart. - This is a classic 1-2-3 breakout, creating a new higher high (HH) after a higher low (HL). - The immediate resistance is at RM0.345 and the next resistance is at RM0.395. - The support zone is at RM0.290 **Only for discussion purposes. Not a buy / sell call**
MYX:EVERGRNLong
by syafizi
IFCAMSC was triggered based on the MRV1 on 20 Dec 2023The IFCAMSC buy signal was triggered based on the MRV1 setup at RM0.285. The target is a 20% increase to RM0.345, with a stop loss of RM0.255. This is expected to take 2–3 months due to the signal being based on the daily timeframe. The price seems to have been hopping around the price of RM0.280, establishing an accumulation base price for the counter. A price spike to reach its near resistances of RM3.05 and RM0.335 is likely in the near term. Support is seen in the RM0.250, with RM0.220 as the next support. **This is for discussion purposes only and is not a buy/sell call**
ILong
by syafizi
GOB was triggered based on the MRV1 on 20 Dec 2023The GOB buy signal was triggered based on the MRV1 setup at RM0.225. The target is a 20% increase to RM0.275, with a stop loss of RM0.200. This is expected to take 2–3 months due to the signal being based on the daily timeframe. The price seems to have been supported well at the price of RM0.210, and a sudden spike after a few sessions of flat movement seems like the start of something. The immediate resistance is at RM0.250, with RM0.290 seen next. Support is seen in RM0.210, with RM0.195 as the next support. **This is for discussion purposes only and is not a buy/sell call**
GLong
by syafizi
RGTBHD was triggered based on the MRV1 on 20 Dec 2023The RGTBHD buy signal was triggered based on the MRV1 setup at RM0.245. The target is a 20% increase to RM0.225, with a stop loss of RM0.165. This is expected to take 2–3 months due to the signal being based on the daily timeframe. The price movement pattern has stagnated after a major downtrend from the November 2021 peak. Now hovering above the support area of RM0.23 from the resistance-turned-support from 2018 to 2019. The immediate resistance is at RM0.275, with RM0.315 seen next. Support is seen in the RM0.230 with RM0.195 as the next support. **This is for discussion purposes only and is not a buy/sell call**
MYX:RGTBHDLong
by syafizi