Friday 11 December 2015

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!



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