Stocks To Watch on 18/2/2016 - SLP (7248) & NTPM (5066)

SLP (7248) was traded lower every day since after tested the all-time-high of MYR2.41 on 13/1/2016 and traded below the downtrend line with very minor traded volume in average daily as well.

SLP Daily Chart

To have firm trend reversal from downturn to upward, SLP need to breach above the downtrend line and in term of price level, SLP need to trade at or above MYR2.12 with significant increased in traded volume.

NTPM (5066) closed above the 10-days Moving Average line (middle Bollinger Band) and downtrend line as well in the latest session.

 NTPM Daily Chart

Should trading volume increased significantly in the coming trading days, foresee NTPM would trade higher with the next and subsequent target level it will test are MYR0.96 and all-time-high of MYR1.01.

Good luck and 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.