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AVALAND - Breakout above Falling Window Resistance ?AVALAND - CURRENT PRICE : RM0.335 AVALAND is bullish as the price is above 50 and 200 day EMAs. Take note that the stock made a Falling Window on 05 August 2024. Then the stock accumulate approximately for four months. Last Friday (03 JANUARY 2025), the stock closed above the Falling Window resistance level with a bullish Long Marubozu White Candle . Technically this is a buy signal. ENTRY PRICE : RM0.330 - RM0.335 TARGET PRICE : RM0.380 STOP LOSS : RM0.300 Notes : AVALAND is a property company. Fundamentally its earning is increasing. Currently the company have one more quarter report to be announce on FEBRUARY 2025 to complete the Financial Year report.
MYX:AVALANDLong
by IMRAN_96
MN HOLDINGS - Potential of making Bullish Symmetrical Triangle ?MN HOLDINGS - Current Price RM0.920 In long term the stock is still UPTREND as it is above 200-day EMA. In short and medium term, the stock is in sideway/consolidation. The declined from 12 Aug 2024 (high RM1.12) to 29 Aug 2024 (low RM0.820) is due to weak market sentiment and profit taking activity. At current situation, the stock have a potential of making Bullish Symmetrical Triangle. If price made a breakout above the pattern, then it will trigger a buy signal (as it is viewed as Bullish Continuation Pattern). However, at this current moment there is no buy signal yet. As such, we may keep this stock in wacthlist. For ICHIMOKU CHART traders, the price is trading within the CLOUD (indicates sideway) and the CHIKOU SPAN is still below CANDLESTICK and CLOUD (no bullish scenario yet). If the price make new high above the CLOUD or the CHIKOU SPAN crosses up above CANDLESTICK & CLOUD, then it is viewed as bullish scenario. At that moment, ICHIMOKU CHART traders may anticipate to buy at best entry price. Notes : MN HOLDINGS is a good FUNDAMENTAL company and also a sub-con to TENAGA NASIONAL BHD. On 01 November 2024, HONG LEONG INVESTMENT BHD give a fundamental target price of RM1.60. However, as a CHARTIST/TECHNICIAN, we look for a buy signal based on Technical Analysis.
MYX:MNHLDG
by IMRAN_96
1
Bullish future for Tenaga with development of AI centre Based on the top down measurement of the history price to its last bottom, Tenaga target at 16.00 for exit mid term position. This was the history price achieved In March 2018. With RSI looking overbought in monthly chart, the retracement is necessary before the next move. With the strong demand from the AI centre development in Malaysia, the long term good prospect is expecting for Tenaga. Based on wave calculation of up trend Elliot wave, after mid term correction, the new target price will see projected at 19.00 with 1.618 Fibonacci measurement. Looking back at the history chart patterns of 70 (40 +30) months plus additional 5 months correction period, are we looking forward that this history pattern might be seen for Tenaga in next 2 years to come? The news about further acquisition of UK based renewable energy firms looks like the prospect of Tenaga is quite promising theedgemalaysia.com
MYX:TENAGA
by SASSA39