HOHUP (5169) was well supported by MYR0.960 after the correction from 19/11/2015 onward but a rebound from this support level since 15/12/2015 was seen and the upward momentum was well supported by the uptrend line since then.
HOHUP Daily Chart
HOHUP was traded with higher than average traded volume on 29/12/2015 and closed higher @ MYR1.06 from the opened price of MYR1.03 after tested the resistance level of MYR1.07.
Should HOHUP trades with breached of the resistance level of MYR1.07 in the coming trading days, the next target it will test is the next resistance of MYR1.14.
Suggest to put a cut loss @ any price below MYR0.960.
ESCERAM (0100) was trading above the support level of MYR0.435 after a correction since 17/11/2015 and the trend was reversed into uptrend mode since then.
ESCERAM Daily Chart
ESCERAM breached the recent higher high @ MYR0.475 on 29/12/2015 and closed higher @ MYR0.485 during the session ended.
Should the bull momentum continues for ESCERAM, the first road block that it has to be tested is the triangle pattern and if this pattern successfully broke, then a strong bull could be seen thereafter.
Recommend to set a stop loss @ any price below MYR0.435.
CIHLD (2828) made a breakout above the resistance level of MYR2.51 with obvious increased in trading volume and Bollinger Band opened wider as well during the session ended on 29/12/2015.
CIHLD Daily Chart
The next resistance CIHLD to be tested is MYR2.65. If this resistance level is not successfully breached, then it should hovering around this level and then makes a breakout of this level thereafter.
Suggest to put a cut loss @ any price below MYR2.35.
Good luck & 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.
No comments:
Post a Comment