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This loan financing company has been on a good uptrend. Today's volume spike looks like it's going to retest prior high, with 3/1 line as immediate support. Breaking this level should see prices eventually reaching the region of RM3.30-3.50.
Previously when prices are in a ranging mode, the bankers have been collecting behind the scenes without anyone knowing. Whereby, the strongest signal is Hidden in Plain Sight. Prices spiked all the way up towards the Critical Fibo Area and got rejected hard. Today we see a retest of that Critical Resistance Level. If prices are able to break and stay above that level, we might see a continuation rally, at least towards the Golden Ratio Level.
Overall in a strong uptrend where the the range Fibb level of 0.25 to 1 is a well respected support area. At the same time we know that the 0.618 level is also a well respected Resistance Area. Keep that in mind.
Today we see a strong rally, which obviously push by the bankers and prices are testing the 0.25 + 0.236 Fibb level. In order for prices to rally higher, prices must Break Both 0.25 + 0.236 Fibb level. If prices are abke to break both that Fibb level, prices should rally to the next Fibb area at 0.618 + 0.618.
Glove rebounds when R0 (reproduction number) rebounds to 1.19? We look at the big picture throughout the whole pandemic. The current price suggests that 3 quarter of investors (including institutions and retailers) to date are 'at a loss'. Yes, it is a simplification for us to assess whether it is 'cheap' to enter. You either love it or hate it, and the healthcare theme is taking a lot of inertia to restart momentum. RM4.40 is a rather strong resistance, breaking which we will enter into 'high movement zone'. Expect volatile movements between from thereon to RM5.70. The high movement zone so happen to coincide with critical Fibb levels.
A diversified business with main focus in computer hardware and software. Surge in recent interest as balanced sheets are seeing improvements. Nothing much to comment until we see further movements. We wary of the uptrend tangent being rigorously tested right now.
I believe by now many of you would have known the reason - MOU to manage Sputnik V manufacturing, and the provision of online medical services.
Technically it has gone too high, and it's worth profit taking and look elsewhere. Fear of missing out? Fibonacci extension suggests the next level at 60sen. The stock is climbing at 72 degrees, steeper than Mount Himalaya. God Bless.
Property, tourism, mining, and more to come? If you are familiar with Malacca, you probably noticed the huge mixed development that is ongoing. Once a penny stock, the current price coincides with what the majority herd has been transacting since. The sideway trend needs to decide its next move as it approaches the end of the huge triangle formation. Looking at the refreshed buying interest on 1st April, the likelihood of upward movement is present. 25sen is a good support level for all investors to consider.
Generally regarded as a steel player as they deal with rolled coils, galvanised iron and other processed steel products. The huge spike in prices and volume has probably trapped many for a while. Expect gradual movements along the uptrend support line, whenever the steel theme is in play. Breaking 27sen resistance will only send the stock to a fast-moving state. Steel demand is on the rise, both locally and overseas, but YKGI's focus seems to be local which makes it a less attractive counter out of the many choices. The huge interest on 24th Feb might have something cooking that we are not aware of.
Also a provider of contact center outsourcing services and IT security, we see substantial market interests in the past 2 months. Yesterday's bullish movement attracted us to have a look at this counter. Uptrend prices is expected to flow from one channel to the next. Red line is drawn as a safety net, in case of a fake bear trap (breakdown) from the black line. Immediate short term profit taking is entirely possible, hence trying lower entries will definitely reduces the risk and increases the reward.