Wednesday 9 December 2015

SUPERLN (7235), MAGNI (7087) & KAWAN (7216)

Refer to the blog written on 4/12/2015 (http://fatta888.blogspot.my/2015/12/technical-stocks-to-watch-on-4122015.html), SUPERLN (7235) eventually broke out above the downtrend line and also supported by the uptrend line on 8/12/2.15.
                                                              SUPERLN Daily Chart

Should the new high of MYR2.32 be violated in the coming trading days, sky is the limit for SUPERLN.

Suggest to put a stop loss @ any price below MYR2.17 should a reversal of downtrend happened.


MAGNI (7087) broke out above the triangle pattern but with only lower than average traded volume on 8/12/2015.
                                                                    MAGNI Daily Chart

Look out for the market depth for MAGNI in the next few days to check if the queue volume is thicker than the usual day, then it might trades higher and if the resistance of MYR4.00 is violated, MYR4.14 is the next resistance for MAGNI to test.

Recommend to set a cut loss at any price below the cross (X) lines.


KAWAN (7216) made a new high by breaking out above the historical high of MYR2.98 with higher than average traded volume and Bollinger Band opened wider.
                                                                 KAWAN Daily Chart

Sky is the limit for KAWAN should it can continue its bullishness in the next trading days.

Suggest to put stop loss @ any price below MYR2.90.


Good luck & Happy Trading!



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