Simple13 Trading IdeaSector Update:
The plantation index has been the strongest performing sector recently, showing resilience and upward momentum.
Stock Pick:
From the plantation stocks, SOP (Sarawak Oil Palms) stands out. I’m waiting for a pullback to enter at an attractive price.
Current Price: RM 3.55
Trading Plan
Entry Area: RM 3.55 to RM 3.30
Plan to start accumulating if the price dips into this range, which aligns with a fair risk-reward setup.
Take Profit Area: RM 3.55 to RM 4.34
This target range offers potential upside. Gradual profit-taking is suggested if the price reaches this zone.
Cut-Loss Level: Below RM 3.30
If the price falls below RM 3.30 and drops under the 20 EMA, consider a cut-loss to limit potential downside, as the pullback may extend further than expected.
Summary
With SOP in an outperforming sector and a strong technical setup, I’m looking for an entry upon a pullback. This plan offers a favorable risk-to-reward ratio and a defined structure to manage risk. MYX:SOP
Disclaimer:
This is for informational purposes only and not a recommendation to buy or sell. Please conduct your own research and assess your risk tolerance before investing.
Taking short position as price are moving along the trendlineMy current take on this stock would be entering a short position(SELL) on price MYR 10.58 as it touches the trendline of past resistance point. Aside from that, my take on this entry is also due to the fact that this stock is currently making a downtrend movement and the last line of resistance have been retest twice. Hence, making it a high probability of breaking the resistance line on MYR 10.40
Starting to Accumulate DUFU StockDUFU recently reported a profit loss of RM 3.2M in its latest quarterly report. The main reason for this drop was a forex loss, which I believe is a short-term issue and doesn’t reflect DUFU’s core business health.
Looking at some key financial data:
Operating Income: Increased by 26.05% quarter-over-quarter, breaking its downtrend.
Total Assets: Holding strong at over RM 400M (close to its peak of RM 447M).
Free Cash Flow: RM 17.39M, which is solid and near its highest level of RM 18.66M.
From these numbers, I don’t see any major concerns with DUFU’s fundamentals. If we believe DUFU can improve in the next quarter, accumulating the stock between RM 1.6 to RM 1.75 seems like a fair entry range.
Disclaimer:
This is for informational purposes only and not a recommendation to buy or sell. Always do your own research and consider your financial situation before investing.
MYX:DUFU
DSONIC Potential uptrend to 0.56 in short term/ Long term 0.7653 Reason for holding this stock :
DSONIC provided a sustain dividend around 6+ % annually
Technical analysis show it trading around the demand zone, I believe it was the opportunity for Buy
Continues growth on company profit since 2021
Short Term TP on 0.56 with 30% capital gain ( expected TP within 6 month )
Long Term TP on 0.765 with 77% capital gain ( Expected TP within 3 years )
7% per annual * 3 = 21%
77 % capital gain + 21% per annual = 98%
98% / 3 years = 32.67% per annual.
Record for holding
200 lots for short term
200 lots for Long Term
SENDAI - Looking for a potential bullish momentumThe price is hovering near potential breakout levels around 0.565. The last candle shows some upward momentum.
The downtrend line indicates resistance that the price is approaching. A breakout above this level could signal a bullish move.
Buy on Breakout: If the price breaks above 0.565, this could serve as a trigger to enter a long position.
Set your stop loss at 0.470, just below the significant support based on past price actions. This provides a buffer against potential losses.
Ensure that the risk-to-reward ratio is favorable. With an SL set at 0.470, you’re risking approximately 0.095 per share for a potential gain of 0.065 to 0.170 (depending on which TP level is hit).
Adjust position size according to your risk appetite and portfolio size.
Keep an eye for a clear breakout above 0.565 while monitoring volume spikes for confirmation. Ensure to manage your risk effectively with a well-defined stop loss and take profit levels.
KITACON - Looking for potential price targetN wave with E, V, N & NT projection.
Price is above the Kumo, suggesting bullish sentiment, though the cloud is still thin, indicating some level of uncertainty.
The price is slightly above Tenkan-Sen, suggesting short-term bullish momentum.
Chikou-Span positioned above the price, further confirming bullishness.
Wave Structure: We see the classical A-B-C correction pattern completing around point (C), and the price has started moving upwards towards the NT level (0.775). If the price can successfully break and close above 0.775, it would likely confirm the next wave towards the N (0.845), V (0.860), and E (0.915) levels.
52-week high: 0.785, a key resistance level to monitor.
A potential entry can be taken once the price breaks above the NT level of 0.775, confirming bullish continuation.
Stop-Loss: Below the recent low around 0.740, providing a good risk-to-reward ratio.
Given the bullish signs from the Ichimoku indicators and the N wave projection, a breakout above NT (0.775) could indicate further upside movement. However, watch for a rejection at this level, which may result in price consolidation or a pullback.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
LAYHONG - Analysis on potential of price targetN wave with E, N, V & NT projection.
The price has moved above the Kumo, indicating bullish momentum, but the cloud is still quite thin, suggesting caution.
Price is currently above the Tenkan-Sen, suggesting bullish momentum is building up.
Chikou-Span is above the price, confirming the potential for bullish continuation.
NT level 0.415, which serves as immediate resistance.
The price has broken past point (B) and is currently testing the NT level (0.415). A successful break above NT would likely confirm further upside potential towards the N (0.430), V (0.420), and E (0.445) projections.
A potential long entry could be placed above the NT level of 0.415, confirming bullish continuation.
Stop-Loss: Below the Kumo or the recent low around 0.400 to manage downside risk.
If the price sustains above the NT level, the bullish momentum may carry it toward the higher projection levels. However, if there's a rejection at these levels, consolidation may occur. Keep an eye on volume to confirm breakout strength.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
KKB Engineering Bhd (MYX: KKB)Current Price: 1.67 MYR
The stock has recently rebounded from the 200-day moving average and closed above the 50-day and 100-day moving averages. If the price remains above 1.65 MYR with strong volume, consider entering.
Primary Target: 1.85 MYR, based on the next resistance level.
Stop Loss: 1.55 MYR, slightly below the 200-day moving average to manage risk.
Short-Term: (1-3 weeks)—The setup is for a quick gain based on current technical conditions, aiming to capture the upward momentum.
Note: This plan is for educational purposes only and not financial advice. Consult with a financial advisor before making investment decisions.
CAPITAL A - Uptrend may extend ?CAPITAL A - Current price RM1.00
The stock is UPTREND because :
i) Price is above EMA 50 & 200
ii) Price is above ICHIMOKU CLOUD
iii) The high is getting higher and the low is getting higher
Based on ICHIMOKU CHART technique, today price made a breakout above CHIKOU SPAN resistance (RM0.990 - light blue resistance line).Technically it is a buy signal.
Price target : RM1.12 (the high of 17 August 2023)
Support 1 : RM0.950 (Aggresive Trader)
Support 2 : EMA 50 may acts as support level (Conservative Trader)
lancaustudy("Serangkai", overlay=true)
msr = input(title="MSR" , type=input.bool, defval=false)
milo = input(title="MILO", type=input.bool, defval=false)
m3 = input(title="3M", type=input.bool, defval=true)
sma10 = sma(close,10)
sma20 = sma(close,20)
sma50 = sma(close,50)
sma200 = sma(close,200)
msrbar = open= open and sma10 <= close and msr==true
barcolor(color=msrbar ? color.blue : na, show_last=3)
plot(msr ? sma10 : na, title="MA10", color=color.blue, transp=0, linewidth=2)
plot(milo ? sma50 : na, title="MA50_milo", color=color.orange, transp=0, linewidth=2)
plot(m3 ? sma50 : na, title="MA50", color=color.orange, transp=0, linewidth=2)
plot(m3 ? sma20 : na, title="MA20", color=color.green, transp=0, linewidth=2)
plot(m3 ? sma200 : na, title="MA200", color=color.red, transp=0, linewidth=2)
// ichimoku ///
YTLPOWR, why it so interesting?YTLPOWR is pretty interesting! Let's break it down:
Analysis
1. Price Movement: The stock recently dropped to 3.00 MYR from a high of 5.47 MYR. That's quite a dip!
2. MACD: It looks like the blue MACD line is below the orange signal line, indicating bearish momentum.
3. RSI: The RSI is hovering around the oversold region, suggesting the stock might be undervalued soon.
4. Annotations:
- MSS (Market Structure Shift) and BOS (Break of Structure) indicate significant changes in market behavior.
- FVG (Fair Value Gap) and VI (Volume Imbalance) could be key areas to watch for potential price reversals or continuations.
Divergences
No clear divergences are apparent in MACD or RSI at the moment.
Potential Movement
- Bullish Scenario: If it rebounds from 3.00 MYR, it could rally back towards resistance levels.
- Bearish Scenario: If it continues to drop, the next support might be around 2.50 MYR.
Overall, the indicators suggest it might be nearing a point of reversal or consolidation. Keep an eye out for any shifts in momentum! 📉📈
No trader/investor is right all the time. No strategy/method is 100% profitable. Cut your losses quickly, without hesitation.
Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There are no buy or sell recommendations. Trading involves financial risk, and you are responsible for your own decisions. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the information contained herein.
GAMUDA, what next?GAMUDA shows a strong bullish trend. The recent breakout above resistance (at 9.00 MYR) is promising. Both the MACD and RSI indicate strong momentum with no clear divergences.
Potential Movement:
Bullish Scenario:
If the price stays above 9.00 MYR, it could continue to rise.
Bearish Scenario:
If it falls below 8.50 MYR, it might retrace to around 8.00 MYR.
In short, looks like the bulls are in charge for now! 📈 Keep an eye out for any shifts, though. 📊
Maximize profits by protecting the downside and minimize losses by seeking the best price.
Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading advice nor an invitation to trade. For trading advice, please consult your remisier or dealer representative.
SPSETIA - Analysis on potential price movementN wave with E, N & NT projection.
The price is currently above the Kumo, indicating a bullish trend, but it's near a potential resistance zone (NT level).
The cloud (future Kumo) is flat and thin, showing weak support in the future, which could lead to a reversal if momentum weakens.
Tenkan-Sen is above the Kijun-Sen, confirming bullish momentum.
The price has recently broken out from the consolidation, and this cross suggests bullish continuation.
The Chikou Span is slightly above the price, further supporting the bullish momentum.
NT level (0.149): This is the immediate resistance level. A successful close above this could signal continuation towards higher targets.
Immediate support is around 1.30, which aligns with the top of the Kumo. If the price falls below this, the bullish scenario would be invalidated.
Further support can be found around 1.20, the base of the previous consolidation zone.
A breakout and close above the NT level (1.49) could provide a good entry for a long position, targeting the N level (1.62).
Since the price is near a key resistance (NT level), ensure proper risk management by placing a tight stop-loss in case of a false breakout.
Monitor volume closely; a bullish breakout should ideally be accompanied by a spike in volume.
Bullish Scenario: A breakout above NT (1.49) could signal a move toward the N (1.62) and E (1.75) levels.
Bearish Risk: If the price rejects the NT level and falls below the Kumo (1.30), it could invalidate the bullish outlook, potentially triggering a downward move.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk
ORGABIO - Proposed Bonus Issue (Free Warrants)ORGABIO - Current price RM0.375
An analysis on price action without using any indicator.
On 21 May 2024 the stock made a significant Rising Window (Breakaway Gap) and closed at RM0.405. From there, the share price made a rally until 11 July 2024, hit an intraday high at RM0.520 (surge 28% from RM0.405) and closed at RM0.475 - lower than previous session closing price. Based on JAPANESE CANDLESTICK CHARTING TECHNIQUE , it made a BEARISH ENGULFING pattern which indicates potentially a decline is coming. As expected, from that BEARISH ENGULFING pattern, price falls until 12 Sept 2024, an intraday low at RM0.325 (strong support level of RISING WINDOW zone) and bounced back higher to closed at RM0.335. As such, the support level made on 21 May 2024 is still intact. At this point, traders may view this as an opportunity to buy on support.
On 02 Oct 2024, the company made an announcement to proposed BONUS ISSUE of up to 61,967,000 FREE WARRANTS in ORGABIO ("WARRANT(S)") on the basis of 1 WARRANT for every 4 existing ordinary shares in ORGABIO held on an entitlement date to be determined and announced later.
After that announcement, on 03 Oct 2024 the stock made a small rising window and closed higher at RM0.360. Then for 4 days the stock test the resistance RM0.360 and finally made a breakout to closed higher at RM0.370 on 17 Oct 2024. This price action added more the BULLISH scenario for this stock.
In my view, the stock may extend its uptrend as supported by :
i) SUPPORT LEVEL OF RISING WINDOW 21 MAY 2024 STILL INTACT - RM0.325
ii) GOOD NEWS OF BONUS ISSUE (FREE WARRANT)
Lets monitor closely !
intaInta Bina Group is a building contractor with more than 25 years of operating history in the construction industry in Malaysia. We have completed more than 110 building construction projects with a total contract value of more than RM2 Billion, mainly in the Klang Valley and Johor. We are capable of building various types of buildings including residential, commercial, industrial and leisure properties. Our Group typically acts as the main contractor for our building construction projects.
Support
Last Price
Resistance
Price 0.42 0.43 0.435 0.45 0.46 0.46 0.46 0.485 0.49 0.51 0.515
TECHBOND Potential uptrend 3 Reason for Holding this stock
TA show this stock is trading on bottom of parallel uptrend
I believe it trading undervalue now due to Business growth on past 2 years
Volume spike on previous week due to Kuok Brothers Sdn Bhd have exercise Techbond's Warrant. Holding percentage increased to 17.49%.
Short Term Trading ( 6 Month - 9 Month )
Dividend = 1.2%
Expected Capital Gain = 40%
Cut Loss when 20% loss of capital.
Record Stock Holding
300 lots
CLOUPT potential Uptrend 3 Reason for enter trade
Price movement current moving as 5th Elliott wave
Price action show it rebounded on 75% Fibonacci level
The price movement created higher low and strong demand zone on $0.70
Short Term Trading ( 3 month )
TP on 1.05 with 26.51% capital gain
Record Holding
0 stock holding as of now
PWF - Analysis on potential price movementN wave with E, V, N & NT projection.
The price has broken above the Kumo, which indicates a bullish sentiment, as the candle closed above both the Tenkan-Sen and Kijun-Sen. The Kumo is acting as support now, with bullish momentum.
The Chikou-Span is above the price action, further confirming bullish momentum.
A potential entry around the current price of 0.955, especially given that the price has broken above the NT resistance of 0.94.
Consider placing a stop-loss slightly below the Kumo or the recent low around 0.90 to manage risk.
Watch for pullbacks, especially near 0.94 MYR (NT level), which could turn into support after being broken.
The Kumo cloud should act as dynamic support, and as long as the price stays above it, the bullish outlook remains intact.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
MN RBS already Hit, expecting Lower Low.Based on MN chart, we can see strong downtrend with volume, also MN RBS have already been retest but failed to make HH. So I am expecting price lower than MN RBS test price. Based on fibo levels, 0.215 seems a good price for entry, only expecting pullback from FR261 to FR188 (safest exit).