Stocks To Watch on 13/1/2016 - CENTURY (7117), COMPLET (5136), SASBADI (5252)

CENTURY (7117) is trading within the triangle pattern recently with relatively lower than average traded volume but the volume was improved on 12/1/2016 with slightly higher than average traded volume and closed exactly @ the downtrend line of the triangle pattern.

CENTURY Daily Chart

Should CENTURY traded and closed above this downtrend line in the next trading days, the resistance level of MYR0.860 could be easily breached and heading towards the resistance level of MYR0.90.

Suggest to set a stop loss should the trend turns downward @ any price below the uptrend lines.   

COMPLET (5136) was trading in a quite long consolidation range since 25/8/2015 with relatively low traded volume.

COMPLET Daily Chart

However, COMPLET was traded with higher closing price from day to day during the session ended everyday indicating some degree of strength of this counter.

Should COMPLET trades breached above the resistance level of MYR0.835 in the coming trading days with notable improved in trading volume (the queue volume is thicker than the usual trading days in the market depth), foresee the will lead COMPLET to climb higher to test the next target level of MYR0.91.

Recommend to set a cut loss at any price below the uptrend line should any trend reversal takes place.


SASBADI (5252) made a breakout of consolidation range and resistance level of MYR2.60 with higher than average traded volume on 12/1/2016.

SASBADI Daily Chart

If SASBADI can withstand trading above the support level of MYR2.60 in the coming trading days, the next target it will be tested is @ MYR2.80.

Suggest to put a cut loss @ any price below MYR2.50 or MYR2.43.

Other stocks to watch are ACOSTEC (7120), WTK (4243) & GDEX (0078).

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