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.
RELIANCE- SUPPORT -1117.70 >1106.65 1097 RESISTANCE- 1137.20>1145 1152.50
Stock Maple tree Log Trust trading in parallel channel with Price range of 1.18-1.31. To get up move in price need to break out from this channel. Till one can trade in this range.
UMW 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.
Stock HPH TRUST USD looks bullish carts forming rounding bottom like pattern. stock can rise up to level 0.295.
Mcx NSE:MCX has broken out from a trading range there is a minor throwback, one can buy at current price with stoploss of 730 on closing basis for targets of 780-800+, current price is around 737 so risk:reward looks great
Keppel Corp forming and trading Rectangle Continuation pattern.Today price actin saw huge bullish candle close near high end of rectangle.candle for looks like Bullish Morbozu with open and low remains the same. One can keep watch on stock for breakout.
APPLE CMP NEAR 225-26 IF HOLDS 233 ON CLOSING TGT OF 192 EXPECTED IN SOON
The chart hows the direction in which the stock looks to be heading. Long positions can be initiated in the stock at cmp for target of 130 with stop below 107 on closing basis.