LUXCHEM (5143) closed breached above the triangle pattern and the 10-days Moving Average (middle Bollinger Band) during the session ended on 3/2/2016. Although LUXCHEM opened lower @ MYR1.70 during session starts but it was able to close even higher than the closed price the day before.
LUXCHEM Daily Chart
Should LUXCHEM is trading stayed above the 10-days Moving Average (middle Bollinger Band) in the coming trading days with noticeable traded volume, foresee LUXCHEM could move further upward with the next level to test is the all-time-high of MYR1.92.
Refer to the blog written on 28/1/2015: http://fatta888.blogspot.my/2016/01/stocks-to-watch-on-2812016-slp-7248.html, MUDA (3883) eventually moved with great upward momentum with significant increased in traded volume and Bollinger Band opened wider as it was well supported by MYR2.29 after undergone the consolidation mode.
MUDA Daily Chart
The next target level for MUDA to test is the all-time-high level of MYR2.60.
GESHEN (7197) was well supported by MYR2.13 and successfully breached above the downtrend lines in the recent sessions but was resisted and closed just nice at the 10-days Moving Average (middle Bollinger Band).
Good luck and happy trading!
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GESHEN (7197) was well supported by MYR2.13 and successfully breached above the downtrend lines in the recent sessions but was resisted and closed just nice at the 10-days Moving Average (middle Bollinger Band).
GESHEN Daily Chart
Since the downward momentum is getting weaker and turned to sideway indicating some degree of trend reversal may takes place in next trading days.
Should GESHEN is trading and stayed above the 10-days Moving Average in the coming trading days, a reversal from downward to upward is about to kick off soon.
MIECO (5001) is undergone a consolidation mode in the recent sessions after a great correction since 19/11/2015.
MIECO Daily Chart
Should MIECO is able to break the downtrend line in the next trading days with noticeable increased in traded volume, the bull will leads MIECO to climb higher.
Good luck and happy trading!
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