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HWATAI, still downhill.,The stock is currently oversold, as indicated by the RSI. However, it hasn't formed a strong base, which is a period of consolidation before a potential reversal. Therefore, it's advisable to wait for a clearer sign of a reversal before considering buying. Buy and sell so you can sleep better at night. If you lose sleep after a trade, evaluate why you bought or sold. 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.
MYX:HWATAIShort
by DSELE99
PBBANK, still can go further?The overall outlook remains positive, but it's important to note that negative divergence has formed on both the daily and weekly charts. This indicates that the price is moving higher, but the momentum behind the move is weakening. As a result, it's prudent to protect your downside by setting a tight trailing stop loss. A trailing stop loss is an order that is placed at a certain distance below the current market price. If the price falls to the stop loss level, the order is triggered and your position is closed, limiting your potential losses. By taking these steps, you can help to manage your risk and potentially increase your chances of profiting from the market. It's crucial to not only know the right time to buy but, more importantly, to be ready and willing to sell when the time comes! 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.
MYX:PBBANK
by DSELE99
Sarawak Oil Palms Bhd (MYX: SOP)Current Price: 2.93 MYR The stock has recently shown a strong upward movement, breaking above the 50-day and 100-day moving averages. Consider entering a position if the price stays above the 3.00 MYR level with confirmation from volume. Primary Target: 3.30 MYR (short-term) based on the next resistance level. Stop Loss: 2.75 MYR, slightly below the 100-day moving average to protect against downside risk. Short-Term: (1-3 weeks) — This plan is focused on capturing the immediate price movement above key moving averages. The company has shown strong financial performance, which might support upward momentum in the stock price. However, external factors like competition from Indonesian producers may introduce volatility. This plan is for educational purposes only and not financial advice. Consult with a financial advisor before making investment decisions.
MYX:SOP
by apisjay
SHH Resources Holdings Bhd (MYX: SHH),The stock is trading at 1.33 MYR, it’s above both the short-term and long-term moving averages (as suggested by the red and blue lines). This is generally considered a bullish signal. Confirmation: Ensure the price holds above 1.28 MYR, as it’s the recent low. A further confirmation would be if the stock breaks above the recent resistance level near 1.35 MYR with good volume. Primary Target: 2.10 MYR based on the projected price target from the chart. Partial Profit Target: Consider taking partial profits at around 1.75 MYR to secure some gains if the stock shows signs of slowing down. Reasonable stop loss based on current price action might be set at just below 1.10 MYR. This level aligns with recent support and keeps your risk-to-reward ratio favorable. **This trading plan and analysis are provided for educational purposes only. It is intended to help you understand the technical aspects of stock trading and should not be considered financial advice. Please conduct your own research and consult with a certified financial advisor before making any investment decisions. Trading stocks involves significant risk, and it’s important to invest only what you can afford to lose.
MYX:SHH
by apisjay
BERMAZ AUTO BERHAD - [BAUTO]Price Action The stock price is at MYR2.51, showing a gain of +0.07 or +2.87% for the day. The recent price action indicates an uptrend, with the price rising from a recent low near MYR2.38 to its current level of MYR2.51. Bollinger Bands Upper Band: The price is approaching the upper band, which could indicate an overbought condition. Middle Line (SMA): Price is above the middle line, indicating a bullish trend. Lower Band: The lower band remains distant from the current price action, showing support. Volume Volume for the day is 3.005M. There is a visible increase in volume coinciding with the upward movement in price, which typically confirms the strength of the current uptrend. Resistance and Support Levels Resistance: Immediate resistance is likely near the upper Bollinger Band, which is around the MYR2.67 level. Support: The middle Bollinger Band (SMA) around MYR2.44 acts as immediate support. Overall Trend The stock is showing a bullish trend on the daily chart, with a potential for further upward movement. However, the proximity to the upper Bollinger Band suggests that there might be some resistance, and a pullback could be possible if the price fails to break through the resistance level. Key Indicators to Watch Breakout or Reversal: If the price breaks above the upper Bollinger Band with strong volume, it may continue to trend higher. Conversely, if it fails to break above, a pullback to the middle Bollinger Band is possible. Volume: Continued high volume will be key to confirming any breakout.
MYX:BAUTOLong
by Sahrin
CCK MARKING UPClassic wyckoff Re-Accumulation of Schematic #1 With spring in the house What attracted me the most, is that, there was an absoprtion past 2 days as evidence by the volume (Black Arrow) With breakout today accompanied with huge vol, this is a sBar (Siginificant Bar) as mentioned by Prof Roman in his teaching. I called it Timing Bar Thus, i went with a heavyweight position on this one Risk is always respected in view of that, i humbly initiated position as attached
MYX:CCKLong
by drsyariz
MRCB - Require an aggressive bullish momentum.N wave with E, V, N & NT projection. Currently price and Chikou Span still below Tenkan Sen, Kijun Sen & down Kumo, considering the market still in bearish position. Require an aggressive bullish momentum to push the price upward with Tenkan Sen as an immediate resistance. if the price breaks above the Kumo and the Chikou Span confirms the breakout, the trade might develop into a stronger bullish trend and towards the completion of the Y wave. R1 - 0.550 (Tenkan Sen) R2 - 0.570 S1 - 0.520 S2 - 0.470 Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:MRCBLong
by mg6112
VARIA BERHAD - [VARIA]Overall Trend : The stock has shown a strong bullish trend since mid-June, with the price rising from around MYR0.84 to current levels above MYR1.00. Price Action : The stock experienced a significant spike in mid-July, reaching a high around MYR1.08. After a pullback, it has recently made another strong move upward in August. Current price is hovering around MYR1.04, showing continued bullish momentum. Volume : Volume spikes coincide with major price movements, particularly noticeable during the July and August rallies. Recent volume appears to be supporting the upward price action. Support and Resistance : A key support level seems to have formed around MYR0.90-MYR0.92. Resistance appears to be around the MYR1.08 level, which was the previous high in July. Candlestick Patterns : Recent candles show long green (bullish) bodies, indicating strong buying pressure. There are some upper wicks on recent candles, suggesting some selling at higher levels. Momentum : The stock appears to be in a strong uptrend, with higher lows and higher highs being established. Potential Scenarios : Bullish: If the stock breaks above the previous high of MYR1.08, it could signal further upside potential. Bearish/Consolidation: A pullback to test the support around MYR0.90-MYR0.92 could occur if profit-taking sets in. Overall, the technical analysis suggests a bullish outlook for Varia Berhad in the short to medium term, with strong momentum and trend indicators. However, traders should be cautious of potential overbought conditions and watch for any reversal signals.
MYX:VARIALong
by Sahrin
PGLOBE - Analysis on price movementN wave with NT & N projection. The current price is at MYR 0.315, which is just above the Kumo. The price recently tested the Senkou span B, finding support at this level. This positioning suggests a neutral to slightly bullish outlook, with the potential for a rebound if the price continues to stay above the Kumo. The Kumo is bullish ahead, albeit thin, indicating that while there may be a slight upward momentum, it’s not strongly supported. The cloud's future projection is bullish, providing some room for the price to move upwards. R1 - 0.33 (Senkou span B) R2 - 0.340 R3 - 0.42 (52w high) S1 - 0.305 S2 - 0.290 (Senkou span B) Require a strong bullish move to break all the resistance levels to reach the target. Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:PGLOBELong
by mg6112
CUSCAPI - Potential target analysis for price movementN wave with E, N & NT projection. The current price is at MYR 0.270, sitting below the Kumo, which suggests bearish momentum. The price recently attempted to break above the Kumo but was rejected, indicating the cloud is acting as a significant resistance level. If the price breaks above the 0.285 level with strong volume. This would indicate the price has the potential to reach the N and E targets. R - 0.285 S1 - 0.25 S2 - 0.23 Note: 1. Analysis for education purposes. 2. Trade at your own risk.
MYX:CUSCAPILong
by mg6112
YTLPOWR, the DC theme still on?The stock remains below the downtrend line, and the MACD is still in a bearish crossover. While both the MACD and RSI are showing positive divergence, the strength of this signal remains uncertain. For a sustained move, the price needs to break out of the current downtrend; otherwise, it may just be suitable for a quick FIFO trade. It's essential to seek at least three confirmations before making a move—anything less is simply gambling. 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.
MYX:YTLPOWR
by DSELE99
GENETEC, what next?Despite the bearish signals, many are still attempting to catch the falling knife that is GENE. The MACD first registered a downward crossover at the end of June 2024, and the RSI is currently in the oversold zone. However, it's crucial to remember that an oversold condition doesn't automatically make the stock a good buy. Oversold and overbought levels don't always signal an imminent reversal; sometimes, they reflect the underlying strength of the current trend. 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.
MYX:GENETECShort
by DSELE99
NOTION the end game?The stock has encountered a MACD bearish crossover and has dipped below the most of the EMA lines. These indicators suggest a bearish trend, making it prudent to avoid this stock for the time being. Make sure you're in the RIGHT SECTOR (right place at the right time) like FengShui 🤩 When the wind is not blowing, no point sitting there waiting, position ourselves in place of most opportunities. When the tide comes in, all the boat will rise (unless that boat is a sinking boat - poor quality stock) 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.
MYX:NOTIONShort
by DSELE99
MITRA - Potention on price movement analysisMITRA 1D Y wave, target (E) within stipulated time. Reaching this target is require a bullish momentum strong enough to break 52w high. N wave with N, V & NT projection. Price is currently inside up Kumo, indication a consolidation phase with potential for a breakout. A golden cross has occurred which is generally a bullish signal, though slightly weaker since it occurs within the cloud. This signal is stronger if price manages to break above the up Kumo. R1 - 0.345 (senko span A) R2 - 0.36 R3 - 0.385 (52w high) S1 - 0.33 (kijun sen) S2 - 0.325 (senko span B) Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
MYX:MITRALong
by mg6112
PERDANA PETROLEUM BERHAD - [PERDANA]Bollinger Bands : Upper Band: The price recently touched the upper Bollinger Band, indicating that the stock might be overbought in the short term. Middle Band (SMA): The price is currently above the middle band, which typically acts as a support during an uptrend. Lower Band: The price has moved away from the lower Bollinger Band, indicating a reversal from recent lows. Volume Analysis : There's been an increase in volume on the latest green candlestick, which is a bullish sign, as it suggests strong buying interest. Previous periods of high volume seem to coincide with significant price movements, which should be monitored for future confirmations of trends. Price Action : The recent candlestick pattern shows a strong upward move, closing near the high of the day. This is indicative of bullish sentiment. The overall trend from February to July has been upward, although there has been some consolidation in recent months. Support and Resistance Levels : Support: Around MYR0.420, where the price previously found support. Resistance: Around MYR0.510, which corresponds to the upper Bollinger Band and previous highs. Trend Direction : Short-Term: The recent bullish candlestick and increasing volume suggest a possible continuation of the uptrend in the short term. Long-Term: The longer-term uptrend appears intact, with the potential for further gains if the price can sustain above the moving averages. Conclusion: The stock is currently exhibiting bullish characteristics with the potential for further upward movement, especially if it can break through the resistance around MYR0.510. However, caution is advised as the price is near the upper Bollinger Band, which may lead to a short-term pullback.
MYX:PERDANALong
by Sahrin
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