Wednesday 20 July 2016

Stocks To Watch on 20/7/2016 - TEKSENG (7200) & SUPERMX (7106)

TEKSENG Daily Chart

Strong resistance of MYR1.29 was broke decisively and closed above this level in the latest session by TEKSENG (7200) with huge increased in traded volume.

The next target for TEKSENG to look for is the historical high of MYR1.43.


SUPERMX Daily Chart

SUPERMX (7106) seems reluctant to touch the strong support at MYR1.93 in the recent trading session indicating a consolidation phase is taking place and might seek to change movement direction from bear to bull.

Should changing of direction takes place, the next targets for SUPERMX to test is at MYR2.19 and the gap formed on 30/05/2016, which is MYR2.67.


**Can take a look on export counters like SUPERMX, LIIHEN, CHINWEL, etc as US dollar strengthened back.


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. 

Friday 15 July 2016

Technical Stocks To Watch on 15/7/2016 - LKL (0182) & JAYCORP (7152)


LKL Daily Chart

From the labelled chart showed above, LKL (0182) is making a possible W-shape if the 50% or MYR0.295-0.300 of Fibonacci Retracement level can be broken decisively with notable increased in trading volume and stay above this level in the coming trading days. In addition, Bollinger band started to open wider indicating a possible rebound from bearish to bullish might take place soon.

 JAYCORP Daily Chart

JAYCORP (7152) able to close above the triangle pattern in the latest session with significant increased in traded volume. 
Foresee JAYCORP would be trading above the triangle in the next trading days.

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.