It experienced a significant decline of nearly 6% from its recent high of 2630. If it further drops below the 2470 could dampen the stock's outlook. For those who acquired the stock below the current price, there's still an opportunity for profit. While uncertainty looms over the weekend, it's important to remember to enjoy the investment journey. By...
Is it possible for PECCA to make a healthy pullback and retest its resistance levels? In the world of technical analysis, such a scenario often depends on market conditions and the stock's current momentum. A healthy pullback typically occurs when a stock temporarily retraces some of its gains after a strong upward movement, allowing it to consolidate and gather...
The chart displays a downward trend for SYSTECH. The stock price has been declining over the past few months, with a series of lower highs and lower lows. * Resistance Levels: The stock has encountered resistance at the 0.400 and 0.350 levels, where it has struggled to break above. This indicates that there is significant selling pressure at these price...
The MACD line is crossing below the signal line, indicating a potential bearish crossover. The histogram is also starting to turn downwards, further supporting this bearish sentiment. The RSI is currently below 50, suggesting that the momentum is weak. This combination of signals suggests a potential downward trend in the short term. However, it's important to...
The MACD and RSI indicators are giving mixed signals for AIZO. The MACD suggests a potential upward trend, while the RSI indicates neutral momentum. This means it's too early to confirm a strong trend. It's best to monitor the indicators closely and consider other factors before making any investment decisions. We cannot control how much we win. But we can...
Let's analyze BNASTRA using MACD and RSI: MACD : * The MACD line is below the signal line, indicating a bearish trend. * A potential bearish crossover might occur soon, which could signal further downward pressure. RSI : * The RSI is below 30, suggesting the stock is oversold. This could indicate a potential rebound. * However, a sustained period below 30...
The stock price of TANCO has been rising since September, but it recently pulled back. The MACD indicator suggests potential downward momentum, but low volume indicates a lack of selling pressure. Possible scenarios: * Uptrend resumes: If buying pressure returns, the stock could continue its upward trend. * Retracement or consolidation: The current pullback...
YTLPOWR is pretty interesting! Let's break it down: Analysis 1. Price Movement: The stock recently dropped to 3.00 MYR from a high of 5.47 MYR. That's quite a dip! 2. MACD: It looks like the blue MACD line is below the orange signal line, indicating bearish momentum. 3. RSI: The RSI is hovering around the oversold region, suggesting the stock might be...
GAMUDA shows a strong bullish trend. The recent breakout above resistance (at 9.00 MYR) is promising. Both the MACD and RSI indicate strong momentum with no clear divergences. Potential Movement: Bullish Scenario: If the price stays above 9.00 MYR, it could continue to rise. Bearish Scenario: If it falls below 8.50 MYR, it might retrace to around 8.00...
When everyone starts selling off a stock (a major dump by all), it might seem like a good opportunity to buy. However, it's crucial to first avoid stocks that are hitting their limit down. These stocks are often experiencing rapid drops in price, and investing in them could be very risky. So, before jumping in to collect shares, take a step back and make sure...
Despite its recent downturn, GENETEC continues to be a topic of discussion among traders. The stock currently faces support at RM0.800, raising the question of a potential rebound. However, it's important to note that GENETEC remains in a downtrend. Therefore, any potential rebound should be approached cautiously and strictly adhering to FIFO (First In, First...
YTLPOWR appears to have recently seen a key resistance level turning into support? This shift can often signal strength in the stock's momentum. However, should the stock move lower, waiting for a clearer opportunity to re-enter or accumulate might be a prudent approach. The probability here leans on two outcomes: if the new support holds, we could see further...
The stock has just closed above the key RM1.80 level, maintaining its position in line with the Hull Moving Average (HMA), suggesting some strength in the current trend. However, it's worth noting that the MACD remains in a downtrend (DC), signaling that momentum could still be weak. Investors should keep a close watch for any signs of a pullback, especially if...
The stock is currently oversold, as indicated by the Relative Strength Index (RSI). Additionally, the Moving Average Convergence Divergence (MACD) is below its signal line, suggesting a bearish trend. This combination of technical indicators may suggest that the stock is currently out of favor with market participants. It is often advisable to avoid stocks that...
The stock is currently oversold, as indicated by the RSI. However, it hasn't formed a strong base, which is a period of consolidation before a potential reversal. Therefore, it's advisable to wait for a clearer sign of a reversal before considering buying. Buy and sell so you can sleep better at night. If you lose sleep after a trade, evaluate why you bought or...
The overall outlook remains positive, but it's important to note that negative divergence has formed on both the daily and weekly charts. This indicates that the price is moving higher, but the momentum behind the move is weakening. As a result, it's prudent to protect your downside by setting a tight trailing stop loss. A trailing stop loss is an order that is...
The stock remains below the downtrend line, and the MACD is still in a bearish crossover. While both the MACD and RSI are showing positive divergence, the strength of this signal remains uncertain. For a sustained move, the price needs to break out of the current downtrend; otherwise, it may just be suitable for a quick FIFO trade. It's essential to seek at...
Despite the bearish signals, many are still attempting to catch the falling knife that is GENE. The MACD first registered a downward crossover at the end of June 2024, and the RSI is currently in the oversold zone. However, it's crucial to remember that an oversold condition doesn't automatically make the stock a good buy. Oversold and overbought levels don't...