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CORAZA - PENDING BREAKOUT ?CORAZA - CURRENT PRICE : RM0.570 On 27 NOVEMBER 2024, an extended long white real body candlestick gapped higher on the opening and closed at near the session's high. This tall white candle confirmed an important breakout from down trendline. Then the stock continue its upside movement. On 31 DECEMBER 2024, the stock hit intraday high at RM0.575 and closed RM0.570. RM0.575 may considered as immediate resistance level as the share price touched this level three times. A breakout above RM0.575 may propel the share price higher in the upcoming session. As such, technically if the stock made a breakout above RM0.575, I would buy this stock. My entry price will be RM0.580/RM0.585. ENTRY PRICE : RM0.580/RM0.585 TARGET PRICE : RM0.625 STOP LOSS : RM0.545 (the low of 31 DECEMBER 2024) TAYOR !
MYX:CORAZALong
by IMRAN_96
PCHEM already factored in the NEGATIVES? window dressingLooking at the chart for Petronas Chemicals Group Berhad, here's my analysis: Current Price Action: - Trading at RM5.08, down 8.04% - Currently showing potential bottoming pattern - Below all major moving averages (SMAs 10, 20, 50, 200) Technical Analysis: 1. Moving Averages: - SMA 10: 5.47 - SMA 20: 5.56 - SMA 50: 5.61 - SMA 200: 6.32 - All MAs in bearish alignment suggesting strong downtrend 2. Volume Analysis: - Significant volume spike noted during recent selling climax - Volume: 19.15M shares - Recent buying interest emerging on volume Key Events: - September 2024: MYR1.426B (+174.76%) - June 2024: MYR519M (-50.85%) - Net income showing decline: MYR-657M (-5109.89%) in September Price Structure: - Long-term downtrend from RM6.60 levels - Recent selling climax followed by accumulation - Potential inverse head and shoulders pattern forming Trading Considerations: - Watch for break above RM5.40 for trend reversal - Support building around RM4.80 - Risk management crucial given high volatility - Need to see price back above moving averages for bullish confirmation
MYX:PCHEMLong
by pengamalgelombang
will MISC rebound after Window DressingLooking at the chart for MISC Berhad, here's my analysis: Current Price Action: - Trading at RM7.08, up 1.29% - Currently testing key support level - Price below major moving averages suggesting bearish pressure Technical Analysis: 1. Support/Resistance: - Critical support zone around RM7.40 (highlighted in pink) - Major resistance at RM8.00-8.20 (recent peak) - Previous support at RM7.60 now acting as resistance 2. Moving Averages: - All moving averages trending downward - Price trading below all major MAs - Death cross formation (short-term MA below long-term MA) Volume Analysis: - September 2024: MYR1.024B (-8.29%) - Recent volume spike on selloff - Money flow indicator showing distribution phase Key Events: - June 2024: MYR1.254B (+564.28%) - March 2024: MYR188.7M (-85.66%) - Significant decline from recent highs around RM8.80 Trading Considerations: - Currently in downtrend - Key level to watch is RM7.40 support - Break below support could target RM7.00 - Need to see price back above MAs for bullish reversal
MYX:MISCLong
by pengamalgelombang
will AXIATA going forward 2025 due to Window dressingLooking at the chart for Axiata Group Berhad, here's my analysis: Current Price Action: - Trading at RM2.49, up 4.18% - Breaking out from recent resistance level - Price moving above all major moving averages Technical Analysis: 1. Support/Resistance: - Strong support zone around RM2.20-2.30 (highlighted in purple) - Previous resistance at RM2.40 now likely to act as support - Overhead resistance around RM2.60 (previous swing high) 2. Moving Averages: - All moving averages beginning to turn upward - Price recently crossed above all MAs - Potential golden cross forming (short-term MA crossing above long-term MA) Volume Analysis: - Recent volume spike supporting the breakout - September 2024: MYR2.379B (-14.97%) - Money flow indicator showing improving buying pressure Notable Price Events: - March 2024: MYR2.105B (-16.85%) - June 2024: MYR2.797B (+32.88%) - Consistent base formation over several months Trading Considerations: - Breakout above RM2.40 suggests bullish momentum - Stop loss could be placed below support at RM2.30 - Initial target at previous resistance RM2.60 - Risk/reward appears favorable at current levels
MYX:MISCLong
by pengamalgelombang
MICROLN after disposed by OMESTI - announced severe LOSSseems like a reversal to happen Looking at the chart for Microlink Solutions Berhad, here's my analysis: Current Price Action: - Trading at RM0.240, up 11.63% - Recently broken above downtrend resistance - Showing signs of trend reversal after extended decline Technical Analysis: 1. Moving Averages: - Price crossed above all major moving averages - Moving averages beginning to turn upward - Golden cross formation developing (short-term MA crossing above long-term MA) 2. Support/Resistance Levels: - Immediate support at RM0.220 (recent breakout level) - Next resistance around RM0.280 (previous support turned resistance) - Major support at RM0.120 (recent low) Volume Analysis: - Notable increase in volume supporting the reversal - September 2024: MYR3.033M (+172.03%) - Green volume bars indicating strong buying pressure Key Events and Figures: - MYR-81.114M (-51561.98%) in September 2024 - June 2024: MYR-4.94M (-81.24%) - Recent volume spike suggesting institutional interest Trading Considerations: - Breakout from downtrend suggests potential trend reversal - Stop loss could be placed below RM0.200 - Initial target at previous resistance RM0.280 - Risk management crucial given historical volatility
MYX:MICROLNLong
by pengamalgelombang
SENDAI will it reach 1.05?Looking at the chart for Eversendai Corporation Berhad, here's my analysis: Current Price Action: - Trading at RM0.685, up 3.79% - Breaking out of a consolidation pattern - Price above all major moving averages Elliott Wave Analysis: - Completed waves (I) through (IV) - Currently entering wave (V) - Price target for wave (V) at RM0.925 (0.786 Fibonacci level) Key Technical Levels: 1. Support: - Major support at RM0.500 - Stop loss level identified at RM0.215 (31.39% below current price) - Moving averages providing dynamic support around RM0.585 2. Resistance: - Immediate target at RM0.820 (0.618 Fibonacci) - Ultimate target at RM1.05 (1.0 Fibonacci) - Secondary resistance at RM0.750 (0.5 Fibonacci) Trade Setup: - Risk/Reward ratio: 1.7 - Target: RM0.865 (53.28% upside) - Stop loss: RM0.215 - Current position showing good profit potential Volume Analysis: - Recent increase in volume supporting breakout - Money flow indicator turning positive - Green volume bars suggesting accumulation Notable Events: - September 2024: MYR297.855M (+25.32%) - June 2024: MYR237.67M (-529.76%)
MYX:SENDAILong
by pengamalgelombang
HUPSENG will it create a leading Diagonal wave or ENDING?Looking at the chart for Hup Seng Industries Berhad, here's my analysis: Current Price Action: - Trading at RM0.780, up 1.96% - Currently in an uptrend channel - Price holding above key moving averages Elliott Wave Analysis: - Currently appears to be in Wave (IV) of a larger structure - Previous waves (I), (II), and (III) clearly visible - Potential for Wave (V) targeting RM1.37 (1.272 Fibonacci level) Key Technical Levels: 1. Support: - Strong support at RM0.915 (0.786 Fibonacci) - Channel support around RM1.00 - Moving averages providing dynamic support 2. Resistance: - RM1.20 (0.236 Fibonacci level) - RM1.30 (previous high) - Upper channel resistance around RM1.25 Pattern Analysis: - Trading within an ascending channel - Series of higher highs and higher lows - ABC correction pattern visible within Wave (IV) Volume Profile: - Recent volume supporting the upward movement - Money flow indicator showing accumulation - Green volume bars indicating buying pressure Notable Events: - September 2024: MYR15.27M (-15.78%) - Consistent recovery pattern since June 2023 p/s take profit first +-rm3180@27.46%
MYX:HUPSENGShort
by pengamalgelombang
is Selling VITROX near Fibo 1.681 and after ex-date Good?Looking at the chart for Vitrox Corporation Berhad, here's my analysis: Current Price Action: - Trading at RM4.00, down 0.12% - Recently broke out from a consolidation pattern - Price moving above all major moving averages Technical Analysis: 1. Fibonacci Levels: - Key resistance at RM4.69 (2.618 Fibonacci level) - Support at RM3.68 (0.786 Fibonacci level) - Ultimate target possibility at RM5.24 (3.618 Fibonacci level) 2. Price Structure: - Formed a cup and handle pattern recently - Successfully broke above resistance around RM3.80 - Higher lows forming on the daily timeframe 3. Moving Averages: - All MAs turning upward - Price above all major MAs - Golden cross formation visible (shorter MA crossing above longer MA) Volume Analysis: - Recent volume spike supporting breakout - Money flow indicator showing positive momentum - Volume increasing on up moves, suggesting strong buying interest Notable Events: - September 2024: MYR5.989M (-73.55%) - June 2024: MYR22.646M (+171.03%) - Strong recovery from earlier lows Trading Considerations: - Entry above RM3.80 support - Stop loss below recent low around RM3.40 - First target at previous high around RM4.50 p/s profit +-rm1k after sold 4000unit
MYX:VITROXShort
by pengamalgelombang
SENDAI - BUY ON DIP ?SENDAI - CURRENT PRICE : RM0.570 SENDAI is uptrend for long term view as the share price is trading above 200-day EMA. In short and medium term the trend is sideways. However, I expect the stock may trend higher in the upcoming sessions as there are several bullish scenario appears on the chart. i) The share price manage to breakout 50-day EMA ii) Price bounce from support level of ICHIMOKU CLOUD indicates that buying interest is sufficiently strong to overcome selling pressure iii) CHIKOU SPAN also manage to bounce from CLOUD support level iv) RSI (above 50) heading upwards and stochastic oscillator is in oversold zone v) High trading volume than previous sessions. Technically it is a BUY ON DIP for this stock. ENTRY PRICE : RM0.560 - RM0.575 TARGET PRICE : RM0.625 and RM0.690 STOP LOSS : RM0.530 TAYOR !
MYX:SENDAILong
by IMRAN_96
MY: CloudPoint Analysis 31.12.24Technical Analysis shows in uptrend inside parallel channel. Looking upside with TP 1.00 with Entry at 0.93. Disclaimer: Not a Buy / Sell. Please do due diligence before entering any trades. Investing in high-risk instrument can incur partial or full loss. Traders' discretion involves subjective decision-making and carries inherent risks, and past performance is not indicative of future results; always conduct your own research and seek professional advice before making any trading decisions.
MYX:CLOUDPTLong
by nares85
SENDAI enters phase 4Looking at the chart for Eversendai Corporation Berhad, here's my analysis: Current Price Action: - Trading at RM0.655, up 8.26% - Currently showing strong momentum with recent breakout - Price above all major moving averages Technical Analysis: 1. Moving Averages: - Three moving averages showing bullish alignment - Price recently crossed above all MAs - MAs beginning to slope upward, indicating trend change 2. Volume Analysis: - Recent increase in volume supporting the price rise - Green volume bars indicating buying pressure - Money flow indicator showing positive momentum Key Price Levels: - Support around RM0.50 (previous resistance turned support) - Immediate support at moving averages around RM0.55 - Resistance level around RM0.70 (previous high) Notable Events: - December 2023: MYR132.709M (+638.74%) - September 2024: MYR297.855M (+25.32%) - Strong recovery from March-April 2024 lows Trading Considerations: - Breakout above resistance with volume confirmation - Stop loss could be placed below MA support at RM0.55 - Momentum indicators suggesting continued upward movement Risk Factors: - Stock is relatively volatile based on historical price action - Need to watch volume for continuation of breakout - Previous resistance levels may act as temporary hurdles
MYX:SENDAILong
by pengamalgelombang
SCGBHD enters phase 5 Shark IndicatorLooking at the chart for Southern Cable Group Berhad, here's my analysis: Current Price Action: - Trading at RM1.24, up 5.98% - Strong uptrend in place since October 2023 - Price is currently above all major moving averages, indicating bullish momentum Technical Structure: 1. Moving Averages: - Price trading above both short and long-term moving averages - Moving averages are in bullish alignment (shorter above longer) - Acting as dynamic support during pullbacks 2. Volume Analysis: - Recent volume increase supporting the price rise - Volume pattern shows healthy accumulation - Bottom indicator suggests positive money flow 3. Key Levels: - Support around RM1.10 (recent consolidation area) - Previous resistance around RM1.00 now acting as support - Current breakout level at RM1.20 becoming new support Notable Events: - Significant drop in June 2024 (MYR-18.287M, -183.18%) - Recovery from September 2024 with strong momentum - Current price action showing highest levels in the chart's timeframe Outlook: - Overall trend is strongly bullish - Price structure showing higher highs and higher lows - Momentum indicators suggesting continued strength Trading Considerations: - Buy zones near moving average supports - Risk management stop loss below RM1.10 - Trend following strategy appears optimal given current structure
MYX:SCGBHDLong
by pengamalgelombang
SIMEPROP another fund manager's favourite?Looking at the chart for Sime Darby Property Berhad, here's my analysis: Current Price Action: - Trading at RM1.37, down 2.14% - Currently forming what appears to be a triangle pattern - Strong uptrend from late 2023 into early 2024 Technical Analysis: 1. Elliott Wave Pattern: - Appears to be in Wave IV of a larger 5-wave structure - Wave III peaked around RM1.70 - Currently in a corrective triangle pattern typical of Wave IV 2. Key Price Levels: - Resistance at RM2.12 (0.786 Fibonacci level) - Support around RM1.23 (marked on chart) - Triangle pattern providing immediate support and resistance 3. Price Targets: - Chart shows a target of RM1.93 (0.618 Fibonacci level) for potential Wave V - Stop loss indicated at RM1.24 (11.24% below current price) - Risk/reward ratio shown as 1.63 Pattern Analysis: - Triangle pattern (labeled A-B-C-D-E) suggesting consolidation - Once triangle completes, expect a breakout for Wave V - Bullish bias as long as price stays above triangle support Trading Setup: - Entry zone: Current levels around RM1.37 - Target: RM1.93 (0.618 Fibonacci) - Stop loss: RM1.24 - Risk/Reward appears favorable at 1.63
MYX:SIMEPROPLong
by pengamalgelombang
TENAGA will meet resistance and create wave 2Looking at the technical chart for Tenaga Nasional Bhd (TNB), here's my analysis: Recent Price Action: - The stock is currently trading at around RM14.82, showing a slight decline of 0.54% - There's been an uptrend since December 2023, with the stock rising from around RM13.00 to current levels Key Technical Levels: 1. Support levels: - Strong support around RM13.50 which has been tested multiple times - Secondary support at RM13.06 (marked as level 1 on the chart) 2. Resistance levels: - Major resistance at RM15.06 (marked at the top of the chart) - Secondary resistance around RM14.58 (0.236 Fibonacci level) Pattern Analysis: - The chart shows what appears to be an Elliott Wave pattern with numbered waves (1-5) - Currently seems to be forming a potential wave 4 pullback before a possible move higher - The stock has been respecting an upward trending channel since December Volume Analysis: - Trading volume (shown at bottom) has been relatively consistent - Some spikes in volume during major price movements, particularly in June-July period Near-term Outlook: - The overall trend remains bullish as long as price stays above RM13.50 - If the Elliott Wave count is correct, there could be one more push higher (wave 5) - Key will be whether price can break above the RM15.06 resistance level Traders should consider: - Setting stops below RM13.50 for long positions - Watching the RM15.06 level for potential breakout opportunities - Being cautious of potential pullbacks as part of wave 4 completion
MYX:TENAGALong
by pengamalgelombang
CUSCAPI will rebound starting as wave 3 Historical Movement The stock saw a major peak around 0.370 (marked at 3.618 level) Experienced a significant downtrend from June to September 2024 Currently showing potential consolidation and base formation Key Technical Levels: Resistance Levels: Major resistance at 0.275 (marked in red) Secondary resistance at 0.245 Currently testing intermediate resistance around 0.225-0.230 Support Levels: Strong support at 0.180 Immediate support trend line (green) acting as dynamic support Price has formed a higher low pattern recently Technical Indicators: Moving Averages: Multiple MAs show potential crossover points Price is currently testing the shorter-term MAs from below The longer-term MA (likely 200-day) is still trending downward Volume Analysis: Recent volume spike shows increasing interest Volume generally higher during downtrends Current consolidation showing reduced volume, typical of base formation Trading Setup (Current): Risk Management: Stop Loss: 0.040 (17.02% risk) Target: 0.085 (36.17% potential reward) Risk/Reward ratio: 2.13 (favorable) Chart Pattern: Appears to be forming a potential inverse head and shoulders pattern Neckline resistance around 0.225-0.230 Volume pattern supporting the potential reversal setup Market Structure: Shows signs of transitioning from downtrend to potential bottoming phase Multiple support levels being established Fibonacci retracement levels marking key resistance zones
MYX:CUSCAPILong
by pengamalgelombang