Stock To Watch on 4/1/2016 - MUDA (3883), CYL (7157), TIENWAH (7374) & KMLOONG (5027)

MUDA (3883) was trading in ranging or sideway mode after a spike up in price and trending up since 17/12/2015. Nevertheless, the uptrend still intact although MUDA was trading in ranging mode in recent sessions.

MUDA Daily Chart

Should MUDA traded above the resistance level of MYR2.16 with notable increased in traded volume in the next trading days, foresee MUDA could be traded higher with the support still be the uptrend line as labelled and the next target to be looked at should be the historical high of MYR2.47.

Recommend to set a stop loss @ any price beneath the uptrend line should this level is breached significantly.

CYL (7157) was traded within the uptrend parallel line since breakout above the resistance level of MYR0.890 with higher than average traded volume and Bollinger Band opened wider on 18/12/2015.

CYL Daily Chart

With the correction or retracement took place after tested the resistance level of MYR0.990 and upper uptrend parallel line on 28/12/2015, a higher low was formed and the up trending still intact with the support by the lower uptrend parallel line as of 31/12/2015.

Should MYR0.960 & MYR0.990 was breached above in the coming trading days, the next target price level for CYL to test is the all-time-high level of MYR1.04.

Recommend to put a stop loss @ any price below MYR0.890 or MYR0.840.

TIENWAH (7374) was resisted by MYR2.60 and closed beneath @ MYR2.57 during the session ended on 31/12/2015.

TIENWAH Daily Chart

Watch out on this resistance level of MYR2.60 and in case TIENWAH is trading breaching this level with significant traded volume in the coming trading days, the next target price TIENWAH will be targeting is the all-time-high of MYR2.85.

Suggest to set a cut loss @ any price below MYR2.50 should an unexpected trend turnaround takes place.

KMLOONG (5027) made a breakout above the ranging or sideway range on 28/12/2015 with higher than average traded volume and Bollinger Band opened wider as well.

KMLOONG Daily Chart

With the historical high volume traded with higher closing price @ MYR3.03 on 31/12/2015, the next target for KMLOONG to test is the historical high of MYR3.10; which was done on 14/7/2015.

Should the bullish momentum continue in the coming trading days with breached of MYR3.10, the sky is the limit for KMLOONG if the CPO price continue to be strong in near future.

Suggest to put a cut loss @ any price below the ranging phase of MYR2.76.


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.