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.
As per chart Brent crude can side further. On 4 hour chart it is trading and forming triangle like pattern. Our expectation is that can slide till 58.70. Momentum Indicator RSI trade side ways around mid level of 50. Price action wise larger bearish candle can also suggest traders involvement going downside.
As per chart Gold retraces gains and consolidate around $1235-$1238. It can Rise till $1244-$1246 with entry around $1239-$1239.5 If it trades above $1240 can gain momentum on upside.
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.
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.
As 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 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.
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.
Singapore Airlines stock will trade in range of 9.50 to 9.90. if stock break this trading range either on upside or downside. As to look sector as whole airlines stocks globally have headwinds higher fuel prices.Recent fall in oil prices be good for these stocks. Positive only above break of $10.Below 9.50 slide to 9.30-9.00
Pair trading in falling channel on 4 hour chart with major resistance area comes around 1.0005 level. USD/CHF bounce back from 0.9920 level after weak GDP numbers. Bullish above : 1.0010 Bearish Below : 0.9950