Tuesday, 18 October 2016

Stocks To Watch on 19/10/2016 - YOCB(5159) & OWG(5260)

YOCB Daily Chart

Refer to the blog written on 13/10/2016; http://fatta888.blogspot.my/2016/10/stocks-to-watch-on-13102016-yocb-5159.html, YOCB (5159) resumes its uptrend with one long white candlestick and higher than average traded volume in the latest session indicating a very strong bullishness ahead after tested and retraced from the 50% Fibonacci Retracement level on 13/10/2016 and closed above this level after the market closed.

The recent high of MYR1.37 should be the next target for YOCB to test in the coming trading days. 


OWG Daily Chart

OWG (5260) ended with one long white candlestick with significant increased in traded volume in the latest session signaling the bull started its journey to the north.

Foresee the bullishness will continue in the coming trading days with nearest level to test is MYR2.46.


Good luck and happy trading!


Disclaimer:
All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.     

Sunday, 16 October 2016

Stocks To Watch on 17/10/2016 - JAKS (4723), COMFORT (2127) & UMSNGB (7227)

JAKS Daily Chart

A notable spike up in traded volume was seen in the latest session for JAKS (4723) with 1 white bar but the price was closed at MYR1.02 after resisted by both downtrend line and 50% Fibonacci Retracement level or MYR1.04.

In addition, JAKS showing its higher low is getting higher and higher (green arrows) and the last higher low is well supported by the 65-days Moving Average implying a rebound from downtrend to uptrend took place since 31/5/2016.

Should JAKS is trading breakout above both downtrend line and 50% Fibonacci Retracement level or MYR1.04  level decisively in the coming trading days, the nearest target level it would testing is the 78.6% Fibonacci Retracement level. 


COMFORT Daily Chart

COMFORT (2127) undergone a correction after reaching its recent high of MYR0.815, which is also the 50% Fibonacci Retracement level on 27/9/2016 from a rebound lowest point at MYR0.605 since 24/6/2016 after suffered a major correction or downtrend from the historical high of MYR1.00.

However, a rebound was detected and COMFORT stayed and closed above the support level of MYR0.745 (red dotted line) in the latest session with full white candlestick.

COMFORT need to trade and stayed above the essential point of MYR0.755 in the coming trading days in order for the turning from the downward correction to upward direction from the recent rebound to be successful. In doing so, a significant increased in trading volume is needed to push further COMFORT to move higher to test the 50% Fibonacci Retracement level or MYR0.850 again.


UMSNGB Daily Chart

UMSNGB (7227) closed exactly at the downtrend line at MYR1.36 with improved volume in the latest session with 1 relatively long white candlestick after making a rebound on 19/9/2016 from the correction since 24/8/2016.

Besides, UMSNGB also well supported by 50% Fibonacci Retracement level or MYR1.33 during the consolidation period umtil a  relatively long white candlestick was formed in the latest session.

In case the bull is set to breakout above the downtrend line to climb higher with significant increased in trading volume in the coming trading days, the nearest level it would be tested is the recent high of MYR1.46.


Good luck and happy trading!


Disclaimer:
All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.     

Thursday, 13 October 2016

Stocks To Watch on 13/10/2016 - YOCB (5159), KERJAYA (7161) & SKPRES (7155)

YOCB Daily Chart

YOCB (5159) has undergone a consolidation phase for a period of time end of Aug 2016 with very little volume traded. 

However, a notable increased in trading volume with a full bar was detected in the latest session with closing price at MYR1.17.

Should the bull start the engine in the coming trading days, YOCB would move higher with target prices to meet are the Fibonacci Retracement level as drawn.


KERJAYA Daily Chart

KERJAYA (7161) undergoes a correction period after making the historical high of on 26/7/2016, however it was well supported by the 65-days Moving Average (indicated by arrows), where the latest price was closed just nice above the MA65 during the session ended although it was traded below this line before that.

If the MA65 is supports effectively, foresee KERJAYA would try to break above the downtrend line and heading to test the resistance level of MYR2.42 and the historical high level of MYR2.53.


SKPRES Daily Chart

SKPRES (7155) reached the Fibonacci Extension level of 150% and retreated from this level on 21/9/2016 making a correction until the latest session where a full bar was seen and closed above the middle Bollinger Band (10-days Moving Average) although the traded volume is not obvious increased.

If the bullish momentum starts in the coming trading days, moving towards MYR1.38 is the nearest target SKPRES would to test decisively.


Good luck and happy trading!


Disclaimer:
All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.     
  

Tuesday, 11 October 2016

Stocks To Watch on 11/10/2016 - BRIGHT (9938), PMBTECH (7172) & VS (6963)

BRIGHT Daily Chart (9938)

BRIGHT (9938) broke out above the strong resistance of MYR0.375 with huge increased in traded volume in the latest session.

Foresee BRIGHT will climb higher to test the next resistance of MYR0.450.


PMBTECH Daily Chart

Refer back to the blog written on 6/10/2016 (http://fatta888.blogspot.my/2016/10/stocks-to-watch-on-06102016-pmbtech.html), PMBTECH (7172) might continue its uptrend in the coming trading days after a minor correction tested the 50% Fibonacci Retracement level or MYR1.48 and PMBTECH makes a rebound from that level in the latest session.  

PMBTECH should test its recent high of MYR1.66 should the rebound is successful in the coming sessions.


VS Daily Chart

VS (6963) made a broke out above the triangle pattern on 29/9/2016 with notable spike up in trading volume and closed with a long white candlestick after the session.

In addition, VS once tried to break above the 50% Fibonacci Retracement level or MYR1.41 with higher price touched to MYR1.42 but closed below that level during the latest session ended. 

Should the bullish momentum coming for VS, it would test the recent high of MYR1.49.

Good luck and happy trading!


Disclaimer:
All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.     

Sunday, 9 October 2016

Stocks To Watch on 10/10/2016 - HOMERIZ (5160) & FLBHD (5197)

HOMERIZ Daily Chart

HOMERIZ (5160) closed with 1 good bar with 1 good volume in the latest session with Bollinger Band (BB) opened wider and middle BB, which is also the 10-days Moving Average turning upwards and HOMERIZ also broke above and closed above the 65-days Moving Average line (light blue solid line) indicating HOMERIZ may trend higher in medium term.

Another strong signal that HOEMRIZ might move higher in the medium term; at least, is the strong support at MYR0.86 which was formed since 29/3/2016, where this level never even being broke down since then implying HOMERIZ should trade any price above this level in the future.

If what anticipated is correct, the next target HOMERIZ would testing is MYR0.925 and MYR1.01.


 FLBHD Daily Chart

FLBHD (5197) suffered a strong bearishness after made the historical high of MYR3.09 since 11/01/2016 and the downfall was halted at Fibonacci Extension level of 150% or MYR1.47, where a correction happened since then.

An uptrend was spotted in this correction period where higher high and higher low (uptrend line of the triangle pattern) were formed implying a rebound from downtrend might take place in and this rebound will confirm if the price of FLBHD breaks above the downtrend line of the triangle pattern in the coming trading days as a full bar with higher than average traded volume in the latest session indicating a ignition to boost the price moving higher might take place soon as the recent low is the 2nd higher low of the correction.

MYR1.79 should be the level where FLBHD to chase for if the uptrend was confirmed after broke out above the triangle pattern in near future.


Good luck and happy trading!


Disclaimer:
All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.   


Thursday, 6 October 2016

Stocks To Watch on 06/10/2016 - PMBTECH (7172) & HEVEA (5095)

PMBTECH Daily Chart

PMBTECH (7172) made a major correction after tested the high of MYR1.66 since 03/08/2016 and this correction was stop after supported by 50% Fibo level of MYR1.29 on 26/09/2016.

Bollinger Band (BB) opened wider with middle BB, which is also the 10-days Moving Average is turning heading upwards indicating some degree of bullishness is started. In addition, PMBTECH closed with full bar in the latest session signaling a strong uptrend might take place in the coming trading days.

Should PMBTECH able to climb higher as anticipated, the next level it would testing is the recent high of MYR1.66.


HEVEA Daily Chart

HEVEA (5095) closed with relatively long white candle with improved volume and closed exactly at the resistance level of MYR1.27 in the latest session. However, the middle BB (10-days Moving Average) is flat in tandem with the upper and lower BB (dash lines) indicating no clear direction for HEVEA at the moment.

Keep trace on this counter and in case HEVEA is able to trade above MYR1.27 with notable increased in trading volume, foresee the BB will open wider with middle BB turning upward and it should testing the next resistance at MYR1.34 and MYR1.51.

Good luck and happy trading!


Disclaimer:
All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.   

Thursday, 29 September 2016

Stocks To Watch on 29/9/2016 - GCB (5102)

GCB Daily Chart

GCB opened gap up with Bollinger Band (BB) opened wider and higher than average traded volume after nearly 2 hours after the session starts today. In addition, middle BB line, which is also the 10-days Moving Average is heading upwards indicating the bull should lead GCB goes higher ahead.

The 65-days Moving Average (solid blue line) becomes the support for GCB since 25/8/2016, where it was hovering within this line created a consolidation or ranging phase whereby the bull stands firm on this support level with no panic selling in this period after a big correction since 15/1/2016.

Should the bull successfully leads GCB to climb higher in the coming trading days, the next target it would be heading is the resistance level at MYR1.09. 


Good luck and happy trading!


Disclaimer:
All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.