Prolexus Warrant Outlook (25 March 2022) Prolexus Warrant this counter after a long negative and downwards movement is all ready to show some reversal and a upside movement.
it is now at 0.160 and it is expected to move up to 0.185.. it is expected to break it's resistance of 0.180. Can be a good counter for short term buying
KLSE
Sell on riseKLSE is looking a bearish for atleast next 2 years. Any rise towards 1650-1700 should be used to short with SL above 1750 (weekly close) for Target of 1000 & 920
carimin- pull back before goin long againcarimin had finished 3rd wave of elloit chart. wave 1 retrace about 90%. based on its strong momentum, it may retract to only 0.786~0.618 before shooting up again
Berjaya Corporation Bhd rise furtherBerjaya Corporation Bhd after forming double bottom around 0.260 consolidate in price band of 0.270-0.290.
On first time stock breaks and made high 0.290 with volume surge.
Stock can rise till 0.300-0.315 with support comes at 0.260 on closing basis
FRONTKEN CORPORATION BHD oversold FRONTKEN CORPORATION BHD looks oversold and can rise with strict sl of 0.550 with price target of 0.720.
Rsi below 20 in oversold zone and some bounce expected.
Astro Malaysia stock inverted head and shoulderAstro Malaysia stock forming inverted head and shoulder formation took support around 1.240 can rise up to 1.40 level.
Below 1.24 this pattern fail and stock can test lows to form double bottom.
Revenue Group Bhd breaks major supportRevenue Group Bhd Malaysian stock recently broke rising trend line joining last two month lows.
Below 1.30 stock can slide further till 1.26 & 1.21.
Momentum indicator also making lower lows.
London Biscuits BHD stock look positive on Weekly ChartsStock Breakout above channel on weekly chart.Also trading above key moving averages.
After Breakout stock keep trading sideways for two weeks with in inside bar. If stock break above 0.610 further move on higher side expected with price target of 0.650.
Capitulation of volume inside channel also high.
Bursa Malaysia Spot Index looks weakAs per last one month KLSE index trading in range of 1680-1720 just below 61.8% Fib retrenchment level of rise from July-18 to Aug-18.
If index trade below 1700 level then fall to 1670-1660 level.
Volume addition in selling suggest major delivery based selling happening.
UMW Holding BHD share consolidating ready for next moveUMW Holding BHD share consolidating after rise from breakout of downward sloping channel .
Upward stance can be continued with price can rise up to level of 5.40-5.50 with 4.90 as support.
HPH TRUST USD Stock HPH TRUST USD looks bullish carts forming rounding bottom like pattern.
stock can rise up to level 0.295.
