OKA (7140) finally broke the
triangle pattern after hovering within inside for 14 days with increased in
higher than average volume and closed well above the 50% Fibonacci Retracement
level @ MYR0.880.
OKA
Daily Chart
Watch closely on the Bollinger
Band, seems like it is going to open wider if OKA is trading above 50%
Fibonacci Retracement level on next trading days.
In case it does, the
bullishness journey for OKA will start right here from this level.
The next resistance foresee
will be @ 61.8% or MYR0.925-0.930 and 78.6% or MYR0.995 of Fibonacci level.
Kindly refer http://fatta888.blogspot.my/2015/10/oka-7140-biggest-pipe-manufacturer-in.html for fundamental analysis for this counter.
CIHLDG (2828) eventually broke
the ranging or sideway trend @ MYR1.90 since 10/8/2015 with huge increased in
traded volume (1 good bar with 1 good volume) with Bollinger Band opened wider after well supported by MA50 (gold solid line) since 15/10 during the session ended on 23/10.
CIHLDG Daily Chart
Besides, the gap formed on 10/8/2015 (highlighted with eclipse) also
being closed out by CIHLDG on that day.
Foresee the accumulation phase (ranging) since
10/8/2015 could be the catalyst for bull to lead CIHLDG for further upside in
the next trading days.
FGV (5222) was traded in uptrend since 30/9/2015
due to the rebounded of Crude Palm Oil (CPO) price from low of 18xx to the
current price of approximate 2320 per metric ton.
FGV Daily Chart
Thanks to the recovery of CPO price, the latest
gap that formed on 15/6/2015 was easily closed up by FGV.
In case FGV was trading above the MYR1.80
resistance with substantial traded volume, the next profit target to look at is
the gap formed on 27/5/2015 which is MYR1.95.
TGUAN (7034) successfully broke the resistance
of MYR1.95 on 22/10 after move sideway or ranging for s period of time with increased
in higher than average traded volume.
TGUAN Daily Chart
The broke out push TGUAN to move up further on
the next trading days with volume tripled than the previous day.
Foresee TGUAN will continue its bullishness
until the gap was filled up @ MYR2.17.
IDEAL (0081) has been trading in uptrend since
it breaks the resistance of MYR0.46-0.465 on 21/10 with improved in traded
volume.
IDEAL Daily Chart
The next target to look at is 78.6% Fibonacci
Retracement level and the recent high of MYR0.57.
3A (0012) made a 1 good bar and 1 good volume
and finally successfully broke the strong resistance of MYR1.02 since it closed
up the gap on 17/9 then it was traded in sideway or ranging until 23/10.
3A Daily Chart
3A closed at subsequent resistance @ MYR1.05
during the session ended on 23/10 but the rally was well supported by MA50
after gapped up during the market opened.
Foresee the rally would continue until the next
gaps were filled up by 3A.
Look also stocks such as EG, LBICAP, HEXZA,
SUPERLN, MALTON, CANONE, KEINHIN & SAPRES for tomorrow trading.
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.
