Technical Stocks To Watch on 19/11/2015 – POHUAT (7088), UMSNGB (7227), NYLEX (4944) & SCABLE (5170)

POHUAT (7088) was trading closed well above the triangle pattern with improved traded volume during the session ended on 18/11.

                                                                   POHUAT Daily Chart

Foresee POHUAT would trade higher in the next trading days to test the historical high of MYR1.68 and in case it is able to break this resistance level, the limit for POHUAT is the sky!

UMSNGB (7227) tested a lot of times towards the strong resistance of MYR0.94 and once again, it tested this level again with increased in traded volume and Bollinger Band opened wider on 18/11.

                                                              UMSNGB Daily Chart

Furthermore, it also formed a Cup & Handle which is a possible bullish signal. Foresee UMSNGB could trade breakout of this strong resistance level in the next trading days.

NYLEX (4944) was trading above the Fibonacci retracement level of 61.8% since 17/11/2015 with higher than average traded volume and a higher high was formed in last 2 days with Bollinger Band also opened wider.

                                                                     NYLEX Daily Chart

Foresee NYLEX would continue its bullishness with the subsequence resistance to meet are MYR0.655 and MYR0.705.

SCABLE (5170) made a higher high again and closed higher with huge increased in traded volume during the session ended on 18/11.

SCABLE Daily Chart

Foresee the bull would lead SCABLE to move higher to meet the historical high of MYR1.84 as of 19/8/2013 in the next trading days. 

Take a look also on MIKROMB, FACBIND, N2N & EFORCE.

Good luck & Happy Trading!

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