ellynacci

ellynacci Updated  Jun 19, 2022

Hibiscs continues edging higher and found support at 1.29. We are positive for further upside movement towards 1.61. Resistance is seen on the red horizontal lines. Read disclaimer.

ellynacci May 20, 2022

The share has been working lower for a pullback since early this year, however, there were reiteration of bullish pattern suggesting further movement to the upside if the price could significantly close above the pennant pattern on the two-hours time frame. Resistance is seen at 1.195 and 1.25, and Fibonacci resistance on the weekly timeframe is seen at 1.535. On...

ellynacci May 18, 2022

QES has bucked eight straight months of market pullback, however, the share has rebounded upon touching Fibonacci level 61.8 coincides with reversal inverted head and shoulder pattern somewhere in March. The share subsequently has broken above resistance turns support level at 0.545 with bullish bias emerged by the formation of bullish symmetrical triangle...

ellynacci May 11, 2022

Despite a slump throughout the month, the share price has rebounded at Fibonacci support level 0.786, forming a set of bullish candles identified as Morning Star, which our bullish view. The price may head north to test resistance at 0.70, followed by 0.97 and 1.21. On the flipside, price movement below 0.54 will negate this expectation. Disclaimer: No trading...

ellynacci May 10, 2022

The share price rebounded upon touching resistance turns support at 0.35, followed by a bullish pennant pattern. We notice a breakout above the pennant today, suggesting further movement to the upside. The nearest Fibonacci resistance is seen at 0.465, followed by 0.58 and 0.655. Price movement below 0.34 would negate this expectation. Disclaimer: No trading...

ellynacci Updated  Nov 5, 2021

LBALUM rose above bullish triangle continuation pattern and tested Fibonacci resistance at 0.69 with a pullback. We see a possibility of technical rebound to the upside at current support level 0.605 as the price is currently trading at resistance turns support level coincides with 61.8% Fibonacci retracement level. If this happens we expect it to move towards the...

ellynacci Updated  Oct 27, 2021

A bullish bias emerged above the symmetrical triangle above the support level at RM0.42. As such, the price may head north to test resistance at RM0.50 followed by RM0.565. Support is seen at RM0.42 and RM0.365. Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only

ellynacci Updated  Oct 27, 2021

Hextar has been a one-year-rally. However, the share has been working lower for a pullback from ATH at 1.35, forming a pennant pattern. A breakout above this pattern suggest that the continuation trend is intact and the price should witness buying momentum at higher level. As such, the share may head north to test the next resistance of 1.39, followed by 1.52....

ellynacci Oct 18, 2021

VS rose above resistance turns support of RM1.54 coupled with reiteration of bullish pattern on the daily time-frame. Up-trending RSI and MACD reflect the increase bull momentum on the stock, supporting our positive-bias outlook. Our near term price target is at 1.92, followed by RM2.21. A breach below RM1.12 could push the price lower. Disclaimer: No trading...

ellynacci Oct 11, 2021

A bullish bias emerged above symmetrical triangle, coincides with daily resistance at RM1.36. As such, the stock may head north to test resistance above at RM1.38, RM 1.54 and RM 1.95. If the price continues edging higher above ATH at RM2, the price will likely to surge towards the next Fibonacci target at RM2.58. Meanwhile, a reversal below RM1 would negate this...

ellynacci Sep 22, 2021

Despite a slump on the index this week, we see some reiteration of bullish bias (as labelled on the chart) along this positive trajectory of rising trend channel. Hence, the recent downside movement could be a pullback before further bullish movement. The index is seen moving towards support level at today's low, followed by 1490 and 1445. A breach below the...

ellynacci Sep 7, 2021

Bonia has bucked five straight months of market pullback as the price found resistance at 1.05 coincides with negative divergence seen on RSI in March. The stock however, rebounded upon touching 200-day SMA coupled with support level at 0.84, which the entire pullback could have ended here. Hence, we see a possibility of technical breakout above the DTL. If this...

ellynacci Sep 6, 2021

Maybulk rose above DTL with its daily RSI indicator in an uptrend coupled with HH and HL bullish structure remain intact. Hence, we see a possibility of further movement towards resistance R1 at 0.785 followed by R2 at 0.83. The downside support is projected at 0.65 followed by 0.555. A breach below S2 will negate this bullish outlook. Disclaimer: No trading...

ellynacci Updated  Sep 6, 2021

SYF has been moving above the 200d SMA, indicating that the prevailing uptrend is still intact. We notice a breakout above of the symmetrical triangle pattern suggesting further movement to the upside . As such, the stock may head north to test the next resistance of 0.44, followed by 0.48. A strong bullish movement could push the price higher to 0.57. Meanwhile,...

ellynacci Updated  Aug 2, 2021

Widad was dipped by 50% from Fibonacci resistance area at 0.80 and found support at Fibonacci sell target 1.618 at 0.39, forming a Double Bottom reversal pattern. A bullish bias has emerged above the Double Bottom as the price has violated the downtrend line followed by a stronger buying volume coincide with buy signal seen on daily Stochastic . Theoretically, the...

ellynacci Aug 2, 2021

Resintech opened with a gap above our target level at 0.645, which likely to be an exhaustion gap as the overbought alert is seen on daily RSI. The price however, failed to close above Fibonacci barrier at 0.825. Be cautious as the price is likely to pull back from resistance level. New support level is seen at 0.645. Disclaimer: No trading strategy provided...

ellynacci Jul 27, 2021

Resistance alert at 4488 for S&P 500. The entire rally could be ended if the index reacted with a reversal at this level. Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only

ellynacci Jul 6, 2021

Keyasic rebounded upon touching 78.6% Fibonacci retracement level, backed by Bullish divergence seen on Momentum oscillator. The share could push higher as today's price has broken the recent down trendline. Resistance is seen at 0.175 and 0.210. On the flipside, a reversal below support at 0.115 could push the price lower. Disclaimer: No trading strategy...