Tuesday 29 December 2015

Technical Stocks To Watch on 29/12/2015 - PESONA (8311), EFORCE (0065), COCOLND (7205) & TECGUAN (7439)

PESONA (8311) made a breakout of the downtrend line on 23/12/2015 with improved volume.
                                                                     PESONA Daily Chart

In addition, the resistance level of MYR0.410 was able to breach by PESONA with improved volume as well and closed @ MYR0.415 during the session ended.

Should PESONA trades above MYR0.410 with upward momentum in the next trading days, the next and subsequent target price to be met by PESONA are MYR0.450 and MYR0.470, respectively.

Suggest to put a stop loss @ any price below MYR0.375.


EFORCE (0065) eventually closed the gap that formed on 14/12/2015 with Bollinger Band opened wider during the session ended on 28/12/2015.
EFORCE Daily Chart

If the bull leads EFORCE in the coming trading days, foresee the all-time-high of MYR0.945 will be tested and should this level is breached, the sky is the limit for EFORCE.

Recommend to put a cut loss @ any price below the support level of MYR0.850.


COCOLND (7205) formed a 2nd higher high on 28/12/2015 with improved volume and Bollinger Band opened wider and closed higher @ resistance level of MYR2.09 from opened price of MYR2.02 which is also the recent support level.
 COCOLND Daily Chart

Should the bullishness continue in the next trading days, the next target prices to be look at are MYR2.15 and MYR2.27 (all-time-high level).

Suggest to set a stop loss @ any price below MYR2.02 should any downturn takes place.


TECGUAN (7439) made a gap up during the session starts with opened price was MYR1.73 and closed higher @ MYR1.78 with substantial increased in traded volume.
TECGUAN Daily Chart

Should TECGUAN traded higher in the next trading days and closed higher than the high of trading day of MYR1.82 on 21/12/2015, a higher high is formed and if the all-time-high of MYR1.86 is breached, the sky is the limit for TECGUAN.

Recommend to set a cut loss @ any price below MYR1.62 should any reversal of trend happened.


Good luck & happy trading!



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