Stocks To Watch on 11/10/2016 - BRIGHT (9938), PMBTECH (7172) & VS (6963)

BRIGHT Daily Chart (9938)

BRIGHT (9938) broke out above the strong resistance of MYR0.375 with huge increased in traded volume in the latest session.

Foresee BRIGHT will climb higher to test the next resistance of MYR0.450.

PMBTECH Daily Chart

Refer back to the blog written on 6/10/2016 (http://fatta888.blogspot.my/2016/10/stocks-to-watch-on-06102016-pmbtech.html), PMBTECH (7172) might continue its uptrend in the coming trading days after a minor correction tested the 50% Fibonacci Retracement level or MYR1.48 and PMBTECH makes a rebound from that level in the latest session.  

PMBTECH should test its recent high of MYR1.66 should the rebound is successful in the coming sessions.

VS Daily Chart

VS (6963) made a broke out above the triangle pattern on 29/9/2016 with notable spike up in trading volume and closed with a long white candlestick after the session.

In addition, VS once tried to break above the 50% Fibonacci Retracement level or MYR1.41 with higher price touched to MYR1.42 but closed below that level during the latest session ended. 

Should the bullish momentum coming for VS, it would test the recent high of MYR1.49.

Good luck and happy trading!

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