Stocks To Watch on 5/8/2016 - MYCRON (5087) & WONG (7050)

MYCRON Daily Chart

MYCRON (5087) made a 1 good full bar with 1 good volume in the latest session and this stock was traded above the triangle pattern since 2/8/2016.

In addition, the highlighted oval shape is the previous consolidation phase since end of March provides a very strong support for MYCRON as this can be proved by the recent movement of this stock where the lower price for each day was getting higher and higher.  

However, the next target levels, in which the Fibonacci Retracement levels of 50% and 61.8% are the levels that MYCRON need to break thru in order for the bull to gaining momentum to push the price move higher.

WONG Daily Chart

WONG (7050) made a decisive breakout of strong resistance of MYR0.610 in the latest session with higher than average traded with supported of uptrend line.

Foresee WONG will climb higher to test the MYR0.65 level.

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.   

Stock To Watch on 4/8/2016 - CHINHIN (5273) & JAYCORP (7152)

CHINHIN Daily Chart

CHINHIN (5273) made a successful breakout of the downtrend line in the latest session with closed above the Fibonacci Retracement level of 50%, indicating some degree of strength for the bull to push the price higher in the next trading days.

However, the price was retreated after tested the 61.8% of Fibonacci Retracement level, which is equivalent to MYR0.850 and closed at MYR0.845.

In case this level is broken above decisively with notable increased in traded volume, foresee a strong bull will lead CHINHIN to test the historical high of MYR0.895.

JAYCORP Daily Chart

JAYCORP (7152) made a successful breakout of downtrend line of the triangle pattern with notable spike up in traded volume in the latest session.

The next target for JAYCORP to test is the strong resistance of MYR1.12 and if this level can be broken above decisively, a strong bull should leads JAYCORP to fly higher.

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.   

Stock To Watch Today - PPHB (8273) & HOMERIZ (5160)

PPHB Daily Chart 

PPHB (8273) opened gap up during the latest opening session and closed higher with full bar with accompanied by higher than average traded volume. This gap formed became the strong support for PPHB indicating a possible strong bullish ahead. 

Strong resistance of MYR1.00 is the next target that PPHB is going to test and foresee this resistance can be broken above if the market sentiment is bullish.

HOMERIZ Daily Chart

HOMERIZ (5160) eventually made a successful breakout from the consolidation range in the latest session as it tried to make a breakout on 20/7/2016 but failed to do so.

Because 1 good bar with 1 good volume was seen in the latest session, foresee HOMERIZ will testing the next resistance 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.  

Stocks to Watch on 2/8/2016 - CHEEWAH (9423)

CHEEWAH Daily Chart

CHEEWAH (9423) successfully broke above the consolidate range since 9/6/2016; which was ranging for more than a month with improved volume in the latest session.

If CHEEWAH is able to stay and trades above the support of MYR1.22, the next target it would be tested of is the resistance at MYR1.42.

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. 

Stocks To Watch - CHINWEL (5007)

CHINWEL Daily Chart

CHINWEL (5007) made a breakout above the strong resistance of MYR1.46 with improved volume in the latest trading session. 

In addition, ABC trading method proven the breakout as well and foresee the downtrend line should be able to penetrate thru above by CHINWEL 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.