Stocks To Watch Today - GDEX (0078), CHEEWAH (9423), JOHOTIN (7167), FUTUTEC (7161)

GDEX (0078) made a breakout above the resistance level of MYR1.58 with improved volume and Bollinger Band opened wider on 16/12/2015 with closed price was MYR1.59, which is below the 23.6% Fibonacci Retracement level during the session eneded.

                                                                     

                                                                   GDEX Daily Chart

GDEX continue its bullishness in the next day with higher than average traded volume and Bollinger Band continued opened wider.

Foresee the bullishness of GDEX will continue to seek for the new high level of MYR1.84 in the next trading days.

Suggest to put a stop loss at any price below the 38.2% Fibonacci Retracement level or MYR1.45.

CHEEWAH (9423) made a breakout above the triangle pattern with Bollinger Band slightly opened during the session ended on 17/12/2015.

                                                            CHEEWAH Daily Chart

Should CHEEWAH tests the new high level of MYR1.48 and this level is violated in the coming trading days, the sky is the limit for CHEEWAH.

Set a cut loss and any price below the support level of MYR1.30.

JOHOTIN (7167) successfully made a breakout above the downtrend line and closed just nice @ the 10-days Moving Average line on 17/12/2015.

                                                             JOHOTIN Daily Chart

Should the bull leads JOHOTIN in the coming trading days, the next target price to test is MYR2.25 and this level is violated, the subsequent target price it should be tested is the gap down the formed on 25/11/2015.

Recommend to set a stop loss @ any price below the support level of MYR2.00.

FUTUTEC (7161)  made a breakout above the triangle pattern with higher than average traded volume and Bollinger Band opened wider on 17/12/2015.

                                                                   FUTUTEC Daily Chart

Should the recent resistance level of MYR1.66 be violated by FUTUTEC, the next resistance to be tested is MYR1.70, and if this level also violated in the next trading days, the subsequent target price is should test is the historical high of MYR1.81.

Recommend to put set a stop loss @ any price below the triangle pattern. 

Good luck & happy trading!

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