KLSE bullish but there might be pullback lower.KLSE has made a good progress higher. However at this current level there might be a pullback lower towards 1460 area before resuming higher towards 1525 area.
Bursastocks
Recovery for Malaysia Technology SectorWatch the video to see why 2023 will be a recovering tech stock for bursa Malaysia.
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
Frontkn Simple Chart AnalysisFrontkn - Rst 3.3 & 3.47 Supp 2.95
Is just a matter of time to have this big rounding bottom to be complete. Let's see
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
Technology Simple Chart AnalysisTechnology - Rst 67.4 Supp 63 area
Same goes to our klse tech chart. If nas100 were to rise & shine, entire market technology sector will follow. Very soon we able to see 67.4 break to go next level.
My 2023 Pick For KLSE Tech Counter as below
Frontkn
Greatec
Penta
KGB
QES
INFOM Simple Chart AnalysisInfom -
Rst 1.46 & New high.
Conservative support 1.35 below
Main support 1.2 area
Lookout for a possible break new high here.
Inari Simple Chart AnalysisInari - Rst 2.8 area. Supp 2.6 area.
Red chip appearing. Worth to monitor if klse tech can come back.
MI Simple Chart AnalysisHow to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
Technology Index Simple Chart AnalysisTechnology index - More or less, we need to respect the main klse tech index also. If this area break, tech sector will continue its run. That's the reason I take profit most of my tech sector today & wait for another round.
Prove of selling source that I am earning Rm200k = USD45k can visit my link in my signature.
KLCI On Going To $1206 Price | Bearish Movement | 111022 | It has been an excellent rollercoaster for KLCI Indeks.
We are in the midst of a downturn in pricing when the price of Ringgit will not stand a chance to recover in the next 2 years.
While we are in the midst of dissolution in Malaysia. We do not have any current prime minister running for management.
While this dissolution only makes the settlement in not go in order. While all the companies in Malaysia are still having a downturn in profit.
In order for the index KLCi on going to the trend, I can't see anything on the clear road except bearish.
The CPI index accumulates and all the housing price is on the going rising to make the purchasing powerless.
The breath and health of the current demand is not in favor.
I predict the price of KLCi bearish to $1206.
SAMCHEM is it Ready for Departure?SAMCHEM is it Ready for Departure this third time around?
Station 1.06 gonna could be a tough call! However with the in-coming results...will it make the difference?
Disclaimer: The chart shared here, attracts the writer's attention. It is author's view...and there is no guarantee on the movement of the asset price in the future. Any investment decision you make is your own decision which you MUST review yourself and be solely responsible. This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision.
CHOOBEE To Start to Fly?MYX:CHOOBEE
Technical Analysis
MA 12 crossing up MA26
MACD super buy signal
RSI above 50%
ADX buy signal
Trading plan
Buy price: $1.93 and below
Cut loss price: close below $1.75
Cut loss %: 9.33%
R:R ratio: 2.72
Disclaimer: This is not a buy call. I am sharing my analysis only.
NYLEX at RBS?Technical Analysis
MYX:NYLEX
MACD not yet buy signal
RSI above 50%
ADX buy signal
Trading Plan
Buy: $1.63 and below
TP: $1.97
Cut loss price: $1.51
Cut loss %: 7.36%
R:R ratio: 2.83
Another round for FKLI?MYX:FKLI1! could be headed for another round to the upside IF it manages to break above 1606. Keeping stops tight at 1602.5 with a target area of 1618.
Good luck.
Mobilia Re-entry BUY After the breakout, price pullback for entry.
Simple SnR rule.
For entry - wait for 1Day CS close bull, entry on the next day CS.
For exit stoploss - close position if price closes below the bull candle.
Target profit - opening price CS @ fibo 1.618
Dagang Exchange (DNEX) Bursa MalaysiaHey there. This stock has been on my radar since 2 weeks ago.
On the weekly chart, we might have a nice bullish engulfing closing for the day.
On the Daily, there is a nice rally which indicates that the "big player" is ready. I have entered my position at 0.745 today, and I am looking at 3 to 4 weeks of holding this stock with a good 20% return.
Bear in mind, that the structure of the market will create a reversal before it continues to go up.
Good Luck!
ULICORP 7133 Breakout with MomentumStudy...based upon Volume Price Spread Analysis and Momentum
ULICORP has shown Breakout with Momentum
Close: 1.24
EP: 1.26<
SL: 1.09
TP: 1.43/1.54/1.83
Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision
RUBBEREX CORPORATIONMy view on RUBBEREX are:
1) Weekly Stoch is on a bullish reversal
2) Price is currently testing on a support level
3) My presumption that the price will go to the next major support at 2.030. But I will look to take out my profit at 6% from my entry price (1.670)
4) Average EPS
5) Financial report looks impressive
SYARIKAT TAKAFUL BERHADMy opinion on TAKAFUL:
1) I am looking closely at these 2 zones (marked in Cyan)
2) My first indication of entry is when the Weekly Stoch turns Bullish Reversal.
3) Fundamental aspect, EPS looks excellent at 40.27.
4) My first target for take profit is at 5.065. Depending on how it reach to the next big resistance, my maximum expectation gain can go up to 5.740.
Good Luck!
MRCBERHADMy 2 selections of entry zone.
I will enter my position when
1) 15M TimeFrame stoch goes into Oversold area.
2) Reversal in oversold area
3) Pups/Mini pups in stoch
4) Formation of Cup n Handle
5) Entry when bearish volume turns weaker than the next bullish candle.
Others: SMA's
AIRASIA looks set for a reboundMYX:AIRASIA Higher low, coupled with a surge in volume after breaking trendline indicate interests is pouring in. Counter-trend traders may look to this airline for a shorter term speculative play.
