As we can clearly see, we're in ABC correction of Elliot waves. Also, the Double top @10900. C wave would take us around 9400 points, also the overall 0.5 Fib level. Let's see how market opens tomorrow.
AXIATA BHD stock can rise in wedge pattern if level of 3.60 hold it can rise 3.95. Momentum indicator also rising after sell off in stock from level of 4.79 to 3.20. Below 3.60 can retest lower trend line support.
Stock Haw Par (H02.SI) Singapore listed stock trading below 55 days MA. Macd indicator also signals below zero line which is also negative. After break of major support 12.30 stock to level of 12.10 and 12.00
Stock can test level of 0.330 in coming days after breaking major support of 0.345. Also MACD indicator pointing downward trend with trading below signal line. Stock facing immediate resistance around 0.370 as per price rejection around this level clearly visible.
Nifty which right now is due to complete the Head and Shoulder pattern from the top of the right shoulder, would drift down a little down further, till the month of May 2019, when the General Election results would also be out, when it would complete the 4th Wave and the (C-D) corrective wave.
SPH press holding candle stick reversal pattern formed . Doji formation after sharp fall and bullish gap up candle indicates reversal. Above 2.41 stock can rise to 2.50 with sl of 2.35
Frasers L&T TR took support of 1.00 and can test 1.09 upper trend line resistance trading in range can be good play for this stock.
Genting Malaysia Berhad Gaps may act as major resistance. Stock if open gap up can be sold down to test previous gaps.
Berjaya 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 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 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.
Ezion stock can bounce after crossing 0.047 level immediate support comes at 0.042 break of which can lead stock to retest the level of 0.38. RSI indicator also reverse from level of 40.
Revenue 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.
Keppel Reit breakout and closed above trend line forming triangle. It can rise up to 1.23 even after SGX index fall this stock remains in positive zone. Below 1.15 this breakout fails.
Maple Tree Log Tr breaking Resistance level of 1.30. Stock made low around 1.18 and shift upwards after forming Doji around this level. Stock is rising in uptrend with strong momentum. Momentum indicator like RSI also rising current value pointing to 65.0 level. Stock can rise till 1.35-1.38 with support comes around 1.23-1.24
Genting Sing (G13) stock tested rising trend line around 0.960 level. Stock can rise above 1.05. As per moving averages trading sideways can be also one indicator that stock going to trade side ways quite some time but give upside breakout after recent higher high formation.
Stock 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.