Technical Stock To Watch on 09/10/2015 – LEONFB (5232), GADANG (9261) & GDEX (0078)

LEONFB (5232) was traded with huge volume on last 2 market days. This stock broke the ranging or sideway range of MYR0.425-0.450 with Bollinger Band opened wider on 08/10/2015 after the market session ended. 

LEONFB Daily Chart

Another reason to look at LEONFB is that most of the counters facing profit taking and closed with red on yesterday trading session while LEONFB closed with green (opened low closed high) which is a good sign for this stock.

Foresee LEONFB will continue its upward direction in the next trading days with target price is the gap to be filled @ MYR0.485. If regional & local markets still in bullish momentum in the next few days or weeks, the subsequent target price to look at is the next gap to be filled up is MYR0.525.

GADANG (9261) made a breaks thru of ascending triangle resistance @ MYR1.38 with improved volume on 5/10.  

                                                                       GADANG Daily Chart

 

Although GADANG also facing some profit taking as other stocks yesterday, but relatively the selling pressure for GADANG is relatively lower based on the low traded volume. 

If GADANG continue the upward momentum and successfully breaks thru the triangle in the next few days, the next target should be the MYR1.59 resistance.

GDEX (0078) was resisted by MYR1.18 since 18/9 with low trading volume but it has however, succesfully broke the long term  downtrend line from the peak of MYR1.84 as of 14/4/2015.

                                                                          GDEX Daily Chart

In case MYR1.18 violated, foresee a very bull will continue its momentum might comes.

 

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.