Monday 9 May 2016

Stocks To Watch on 9/5/2016 - UMSNGB (7227), LEONFB (5232) & CHINWEL (5007)

UMSNGB Daily Chart

Look out for the trading volume to see whether the market depth is thicker than the few days back and if it does, there is high chance that this counter would fly in the coming trading days.

LEONFB Daily Chart

A strong support @ MYR0.475-0.480 was seen and in case LEONFB (5232) is traded well above this level with significant increased in trading volume, an upward trend to take place shouldn't be a problem for this counter.

CHINWEL Daily Chart

The support range level around MYR1.63 seems very strong as it is the range where a sideway or consolidation phase developed since 1/4/2016. If the resistance level of MYR1.71 can be broke decisively with notable increased in traded volume, a strong bull might leads CHINWEL further upside towards MYR1.87.


Good luck and happy trading!


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