HOMERIZ Daily Chart
HOMERIZ (5160) closed with 1 good bar with 1 good volume in the latest session with Bollinger Band (BB) opened wider and middle BB, which is also the 10-days Moving Average turning upwards and HOMERIZ also broke above and closed above the 65-days Moving Average line (light blue solid line) indicating HOMERIZ may trend higher in medium term.
Another strong signal that HOEMRIZ might move higher in the medium term; at least, is the strong support at MYR0.86 which was formed since 29/3/2016, where this level never even being broke down since then implying HOMERIZ should trade any price above this level in the future.
If what anticipated is correct, the next target HOMERIZ would testing is MYR0.925 and MYR1.01.
FLBHD Daily Chart
FLBHD (5197) suffered a strong bearishness after made the historical high of MYR3.09 since 11/01/2016 and the downfall was halted at Fibonacci Extension level of 150% or MYR1.47, where a correction happened since then.
An uptrend was spotted in this correction period where higher high and higher low (uptrend line of the triangle pattern) were formed implying a rebound from downtrend might take place in and this rebound will confirm if the price of FLBHD breaks above the downtrend line of the triangle pattern in the coming trading days as a full bar with higher than average traded volume in the latest session indicating a ignition to boost the price moving higher might take place soon as the recent low is the 2nd higher low of the correction.
MYR1.79 should be the level where FLBHD to chase for if the uptrend was confirmed after broke out above the triangle pattern in near future.
Good luck and happy trading!
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