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.
No comments:
Post a Comment