Technical Stocks To Watch on 30/12/2015 - HOHUP (5169), ESCERAM (0100) & CIHLD (2828)

HOHUP (5169) was well supported by MYR0.960 after the correction from 19/11/2015 onward but a rebound from this support level since 15/12/2015 was seen and the upward momentum was well supported by the uptrend line since then.

HOHUP Daily Chart

HOHUP was traded with higher than average traded volume on 29/12/2015 and closed higher @ MYR1.06 from the opened price of MYR1.03 after tested the resistance level of MYR1.07.

Should HOHUP trades with breached of the resistance level of MYR1.07 in the coming trading days, the next target it will test is the next resistance of MYR1.14.

Suggest to put a cut loss @ any price below MYR0.960.

ESCERAM (0100) was trading above the support level of MYR0.435 after a correction since 17/11/2015 and the trend was reversed into uptrend mode since then.

 ESCERAM Daily Chart

ESCERAM breached the recent higher high @ MYR0.475 on 29/12/2015 and closed higher @ MYR0.485 during the session ended.

Should the bull momentum continues for ESCERAM, the first road block that it has to be tested is the triangle pattern and if this pattern successfully broke, then a strong bull could be seen thereafter.

Recommend to set a stop loss @ any price below MYR0.435.

CIHLD (2828) made a breakout above the resistance level of MYR2.51 with obvious increased in trading volume and Bollinger Band opened wider as well during the session ended on 29/12/2015.

CIHLD Daily Chart

The next resistance CIHLD to be tested is MYR2.65. If this resistance level is not successfully breached, then it should hovering around this level and then makes a breakout of this level thereafter.

Suggest to put a cut loss @ any price below MYR2.35.

Good luck & 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. 

Technical Stocks To Watch on 29/12/2015 - PESONA (8311), EFORCE (0065), COCOLND (7205) & TECGUAN (7439)

PESONA (8311) made a breakout of the downtrend line on 23/12/2015 with improved volume.

                                                                     PESONA Daily Chart

In addition, the resistance level of MYR0.410 was able to breach by PESONA with improved volume as well and closed @ MYR0.415 during the session ended.

Should PESONA trades above MYR0.410 with upward momentum in the next trading days, the next and subsequent target price to be met by PESONA are MYR0.450 and MYR0.470, respectively.

Suggest to put a stop loss @ any price below MYR0.375.


EFORCE (0065) eventually closed the gap that formed on 14/12/2015 with Bollinger Band opened wider during the session ended on 28/12/2015.

EFORCE Daily Chart

If the bull leads EFORCE in the coming trading days, foresee the all-time-high of MYR0.945 will be tested and should this level is breached, the sky is the limit for EFORCE.

Recommend to put a cut loss @ any price below the support level of MYR0.850.

COCOLND (7205) formed a 2nd higher high on 28/12/2015 with improved volume and Bollinger Band opened wider and closed higher @ resistance level of MYR2.09 from opened price of MYR2.02 which is also the recent support level.

 COCOLND Daily Chart

Should the bullishness continue in the next trading days, the next target prices to be look at are MYR2.15 and MYR2.27 (all-time-high level).

Suggest to set a stop loss @ any price below MYR2.02 should any downturn takes place.

TECGUAN (7439) made a gap up during the session starts with opened price was MYR1.73 and closed higher @ MYR1.78 with substantial increased in traded volume.

TECGUAN Daily Chart

Should TECGUAN traded higher in the next trading days and closed higher than the high of trading day of MYR1.82 on 21/12/2015, a higher high is formed and if the all-time-high of MYR1.86 is breached, the sky is the limit for TECGUAN.

Recommend to set a cut loss @ any price below MYR1.62 should any reversal of trend happened.

Good luck & 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. 

FCPO March Contract Possible Bullish Ahead

Refer to the FCPO (Crude Palm Oil Futures) chart for March contract, FCPO was traded higher and higher since 21/12/2015 with Bollinger Band continued opened wider until the last trading day on 23/12/2015 before the long holidays.

Based on technical point of view, the recent high or resistance of MYR2461, which is the high price did on 29/9/2015 was breached on 22/12/2015 and closed higher @ MYR2468 during the session ended. Following the next trading days on 23/12/2015, although FCPO opened lower @ MYR2457 during the session starts, however with the strong momentum of FCPO the price was pushed upward and again closed higher @ MYR2487 during the session ended.

                                                            FCPO March Contract Daily Chart

Should the bullishness momentum continues, the next target for FCPO to test is the resistance @ MYR2527 or otherwise, profit taking could be seen upon testing this resistance level.

As long as FCPO could withstand and trades above the support level of  MYR2461 in the next trading days, a strong buy or long signal still stay with FCPO for short to medium term.

Due to the strong upward signal for FCPO, one can consider to look for BUY on plantation stocks like FGV and TDM in the coming trading days by closely look on the FCPO price.

                                                                       FGV Daily Chart

Breakout of downtrend line with higher than the average traded volume and Bollinger Band opened wider because of strong CPO price?

Good luck & 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. 

Stocks To Watch Today - GDEX (0078), CHEEWAH (9423), JOHOTIN (7167), FUTUTEC (7161)

GDEX (0078) made a breakout above the resistance level of MYR1.58 with improved volume and Bollinger Band opened wider on 16/12/2015 with closed price was MYR1.59, which is below the 23.6% Fibonacci Retracement level during the session eneded.

                                                                     

                                                                   GDEX Daily Chart

GDEX continue its bullishness in the next day with higher than average traded volume and Bollinger Band continued opened wider.

Foresee the bullishness of GDEX will continue to seek for the new high level of MYR1.84 in the next trading days.

Suggest to put a stop loss at any price below the 38.2% Fibonacci Retracement level or MYR1.45.

CHEEWAH (9423) made a breakout above the triangle pattern with Bollinger Band slightly opened during the session ended on 17/12/2015.

                                                            CHEEWAH Daily Chart

Should CHEEWAH tests the new high level of MYR1.48 and this level is violated in the coming trading days, the sky is the limit for CHEEWAH.

Set a cut loss and any price below the support level of MYR1.30.

JOHOTIN (7167) successfully made a breakout above the downtrend line and closed just nice @ the 10-days Moving Average line on 17/12/2015.

                                                             JOHOTIN Daily Chart

Should the bull leads JOHOTIN in the coming trading days, the next target price to test is MYR2.25 and this level is violated, the subsequent target price it should be tested is the gap down the formed on 25/11/2015.

Recommend to set a stop loss @ any price below the support level of MYR2.00.

FUTUTEC (7161)  made a breakout above the triangle pattern with higher than average traded volume and Bollinger Band opened wider on 17/12/2015.

                                                                   FUTUTEC Daily Chart

Should the recent resistance level of MYR1.66 be violated by FUTUTEC, the next resistance to be tested is MYR1.70, and if this level also violated in the next trading days, the subsequent target price is should test is the historical high of MYR1.81.

Recommend to put set a stop loss @ any price below the triangle pattern. 

Good luck & 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. 

Stocks To Watc5201oday - SYF (7082)

SYF (7082) made a 1 good bar with 1 good volume on 15/12/2015 and closed exactly @ the resistance level of MYR0.550.

                                                                 

                                                                     SYF Daily Chart

If SYF is trading above this resistance level and closed above it during the session ended, foresee the bull will continue leads SYF to further upside with the next target price to be met is MYR0.575.

Suggest to set a cut loss at any price below the uptrend line or MYR0.52.

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.

OLDTOWN - Aroma of Good Times

OLDTOWN (5201)

OldTown is a regional cafe chain operator (F&B) and an established beverage manufacturer (FMCG) based in Malaysia. As at FY15, the group derived 55% of its revenue from F&B and 45% from FMCG.

F&B stocks have been garnering investors’ interest due to their resilient nature, export exposure and also falling commodity prices. Besides, F&B remain challenging due to the dampened consumer sentiment post-GST implementation and series of administered price hikes.

As at 2QFY16, there are 242 outlets operating in total. Throughout 1HFY16 there were 11 new openings and 16 closures and renovations. Of the 242 stores 87% are located in Malaysia.

PBT jumped 21% q-o-q on the back improved share of profits from its Singapore café outlets despite a marginal increase of 1% in revenues qoq. There are currently 9 café outlets in Singapore with 2 more slated to commence operations by end FY16.

The groups’ promotional activities have centered on value inducing purchases such as their “RM10 value meals” promotions. Moving into 2HFY16, its value inducing pricing strategy and discounting is expected to persist to attract customers. YTD revenues per outlet are down circa 12% on a yoy basis.

1HFY16 revenues grew by 11.1% on the back of double digit growth in modern trade in the 3 key markets which are M'sia, HK & S'pore. Taiwan has emerged as another key market for the group in recent times. PBT grew by 17%, aided by the stronger USD. Recall that their exports are priced in USD.

Its exports to China registered a slight decline y-o-y on the back of their distribution rationalization; however this is not reflexive of a drop in demand for OTWC products. Walmart has been signed on as a key player in their modern trade channel. Walmart has 450 stores across China.

Margins would be supported by prudent cost management, which saw packaging materials cost decrease by 8% y-o-y, meanwhile the full commissioning of the automation of their packaging line end 3QFY16 will reduce direct labor expenses in the long run.

Besides, its strong balance sheet position with net cash of RM151.0m (32.6 sen/share) provide further room for higher dividend pay-out which estimated at 6.0 sen/share and 6.5/share (yield: 4.3% & 4.6%) for FY16E & FY17E, respectively, based on a conservative pay-out ratio of c.52% vs 4-year’s average of 55%. Potential dividend yield might exceed 5% if the Group pays 60% of its earnings.

Kenanga Target price given RM 1.76

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.

Technical Stock To Watch - TEKSENG (7200)

TEKSENG (7200) was traded hovering below the resistance level of MYR0.870 after rebounded from the low during the correction from the new high of MYR0.900 and entering the "Zone 3" on 15/12/2015.

                                                             TEKSENG Daily Chart

Zone 3 is the zone where a stock is in hovering mode, in other words is directionless in the coming trading days.

Should TEKSENG breaks out above the resistance of MYR0.870 with improved volume or significant increased in trading volume, foresee the new high of MYR0.900 could easily reach and breaks it with the next limit is the sky!

Suggest to put a stop loss @ any price below MYR0.830.

Good luck & 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.

Stocks To Watch Today - CWORKS (0079) & CHEEWAH (9423)

CWORKS (0079) made a 1 good bar with 1 good volume and breaks out above the resistance of MYR0.290 with Bollinger Band opened wider as well on 10/12/2015.

                                                                 

                                                                CWORKS Daily Chart

Should CWORKS continues its bullishness in the next trading days, the subsequent target level it will test are the pivot points; MYR0.320, 0.335 & 0.355.

Suggest to put a stop loss below the low price on 10/12/2015 should the bullishness losses its momentum.

CHEEWAH (9423) made a breakout and closed above the triangle pattern with higher than average traded volume on 9/12/2015 and CHEEWAH was traded higher since then.

                                                                CHEEWAH Daily Chart

In case CHEEWAH is trading higher than the closing price on 10/12/2015, foresee it would test the new high of MYR1.50 and it this level violated, the sky is limit for CHEEWAH.

Recommend to set a cut loss at any price below MYR1.30.

Good luck & 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.

Stocks To Watch Today - JAKS (4723) & KIMLUN (5171)

JAKS (4723) tried to breaks the descending triangle pattern on 9/12/2015 but failed to breaks above and closed @ MYR1.190 with higher than average traded volume.

                                                                   JAKS Daily Chart

Should JAKS trades above the descending triangle in the coming trading days, the next target price it will be met is the new high of MYR1.24 and if this level is violated, the sky is the limit for JAKS.

Suggest to put a stop loss @ any price below the support level of MYR1.16.


KIMLUN (5171) made a 1 good bar with 1 good volume with surged in traded volume with the support level of MYR1.45 and resisted by MYR1.45 with the closing below that level @ MYR1.44 during the session ended.

                                                                   KIMLUN Daily Chart

Should the resistance of MYR1.45 violated in the next trading days, the next profit targets to be looked at are MYR1.50 & MYR1.55 pivot level.

Suggest to set a cut loss @ any price below MYR1.37.

Good luck & 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.

SUPERLN (7235), MAGNI (7087) & KAWAN (7216)

Refer to the blog written on 4/12/2015 (http://fatta888.blogspot.my/2015/12/technical-stocks-to-watch-on-4122015.html), SUPERLN (7235) eventually broke out above the downtrend line and also supported by the uptrend line on 8/12/2.15.

                                                              SUPERLN Daily Chart

Should the new high of MYR2.32 be violated in the coming trading days, sky is the limit for SUPERLN.

Suggest to put a stop loss @ any price below MYR2.17 should a reversal of downtrend happened.


MAGNI (7087) broke out above the triangle pattern but with only lower than average traded volume on 8/12/2015.

                                                                    MAGNI Daily Chart

Look out for the market depth for MAGNI in the next few days to check if the queue volume is thicker than the usual day, then it might trades higher and if the resistance of MYR4.00 is violated, MYR4.14 is the next resistance for MAGNI to test.

Recommend to set a cut loss at any price below the cross (X) lines.


KAWAN (7216) made a new high by breaking out above the historical high of MYR2.98 with higher than average traded volume and Bollinger Band opened wider.

                                                                 KAWAN Daily Chart

Sky is the limit for KAWAN should it can continue its bullishness in the next trading days.

Suggest to put stop loss @ any price below MYR2.90.

Good luck & 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.

Technical Stocks To Watch on 8/12/2015 – TGUAN (7034), SUCCESS (7207), EKIB (7189), FUTUTEC (7161) & TOMYPAK (7285)

TGUAN (7034) undergoes a technical correction after making a new high of MYR2.79 on 27/11/2015. 

TGUAN Daily Chart

However, it only hovers within a tide range inside a triangle pattern during the correction mode.

TGUAN eventually closed just nice above the triangle pattern and also 10-days moving average @ MYR2.66 on 7/12. Should TGUAN trades higher with improves in trading volume in the next coming days, the next target it will test is the historical high of MYR2.79 and in case this level is violated, the sky is the limit for TGUAN. 

Suggest to put a stop loss @ any price below the triangle pattern  should any reversal of trend happened after entering. 

SUCCESS (7207) successfully made a breakout of the downtrend line from the support level of MYR1.90 but with only little trading volume involved on 7/12/2015. 

                                                                                      SUCCESS Daily Chart

SUCCESS once made a high off MYR2.04 which is the 50% Fibonacci Retracement level and closed @ MYR2.01which is above the psychological level of MYR2.00.

Look out on the market depth on 8/12 and if the queue volume is much thicker than the usual days, then possible for SUCCESS to trade higher in the next trading days is high with the next target for it to test is the 61.8% Fibonacci Retracement level or MYR2.10. 

Recommend to put a cut loss at any price below MYR1.90 should this support level is violated.

Closing prices for EKIB (7189) were closed higher each day since 1/12/2015 with the closing price on 7/12 is @ MYR0.865 with higher than average traded volume.

                                                                                   EKIB Daily Chart

Should EKIB trades higher with improved volume in the next coming days, the target price for it to test is the new high level @ MYR0.905. If this level is violated, the sky is the limit for EKIB.

One should set a stop loss at any price below the support level of MYR0.805 

FUTUTEC (7161) made a breakout above the resistance level of MYR1.60 with the support of uptrend line and the 10-days Moving Average and with higher than average traded volume.

                                                                              FUTUTEC Daily Chart

Should FUTUTEC trades higher in the next trading days, the next target price it would test is the recent high of MYR1.70 on 24/11/2015.

Recommend to put a stop loss any price below MYR1.50.

Although TOMYPAK (7285) broke out above the downtrend line on 7/12/2015, however it was resisted by 10-days Moving Average and the 38.2% Fibonacci Retracement level and closed lower at MYR2.60 during the session ended.

                                                                               

                                                                                TOMYPAK Daily Chart

If TOMYPAK able to trade higher above the 10-days Moving Average and the 38.2% Fibonacci Retracement level in the coming next trading days with increased in trading volume, the next and subsequent target level it will try to test are the 50% and 61.8% Fibonacci Retracement level.

Suggest to set a stop loss at any price below MYR2.55.

Good luck & 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.

Technical Stocks To Watch on 7/12/2015 – HARBOUR (2062), ASIAPLY (0105), YONGTAI (7066), JOHOTIN (7167), GESHEN (7197)

HARBOUR (2062) closed a tick below the gap down level of MYR2.97 with higher than average traded volumeon 4/12/2015.

                                                                             HARBOUR Daily Chart

Foresee HARBOUR would try to close the gap that formed on25/11/2015 and testing the next level of MYR3.08 in the next coming trading days.

Recommend to put a stop loss at any price below MYR2.80 should any uncertainty happen.

Although YONGTAI (7066) able to make a breakout above the downtrend line since 3/12/2015 but it was resisted by MYR0.735 and closed below this resistance level during the session ended on 4/12. 

                                                                                 YONGTAI Daily Chart

Should this level be violated in the coming trading days, the next resistance level it would test is @ MYR0.790.

Recommend to put a cut loss at any price below MYR0.705 or 0.635 should a lower high is formed instead a breakout takes place.  

JOHOTIN (7167) was well supported by MYR2.09 since 30/11/2015 whereby all the closing price for the period from 30/11-4/12 were at or higher than that support level.  

                                                                              JOHOTIN Daily Chart

Foresee JOHOTIN would trade higher in the coming trading days and if it does the next target it will try to testis the gapped down that formed on 25/11/2015. 

One should set a stop loss at any price below MYR2.09 should it violated this support level.

GESHEN (7197) made a breakout of triangle pattern on1/12/2015 and since then, it has been trading in the zone above the triangle pattern.

                                                                             GESHEN Daily Chart

Look out on the market depth in line with the trading volume in the next trading days, a breakout above the new high of MYR2.13 could be took place should the market depth and the trading volume are thicker and huge than usual days.

Recommend to put a stop loss any price below the triangle pattern.

Refer to the blog written on 3/12/2015 (http://fatta888.blogspot.my/2015/12/technical-stocks-to-watch-on-3122015.html), ASIAPLY (0105) eventually made a breakout above the new high of MYR0.310 with substantial saored in trading volume, forming a so call “1 good bar with 1 good volume”.

ASIAPLY Daily Chart

A higher high was formed upon the breakout and the sky is the limit for ASIAPLY.

Suggest to put a stop loss @ any price below the low price of MYR0.285 on 3/12  should any reversal of trend happened after entering. 

Good luck & 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.