KBES Bhd - Double Bottom?

KBES Bhd currently in downtrend mode. RSI-14 just move out from the oversold area a few weeks ago. Volume slightly increase lately. Will KBES perform double bottom soon? See my previous post about chart pattern. Here is KBES Bhd daily chart below;

What do you think? Any news or rumors? See what happen next...

Read more...

Inverted Head and Shoulder - Proton Holding

Proton Holding Berhad currently in downtrend mode and may in bottom side. Inverted head and shoulder may appear and you can refer this chart pattern in my previous post. Left shoulder in increasing volume while the head is slightly low volume. Then if you see on the right the volume increasing which I am thinking that the the pattern might be appear soon. A valid entry signal should be seen if the stock rallies through the neckline together with a big increase volume. See this chart below;

Proton Holding Daily Chart

RSI-14 days showing still in oversold area and basing pattern still in progress. Current support line is expected at RM3.54. Watch out!

If you enjoyed this post, make sure you subscribe to my RSS feed or to your email subscription to get automatically post updated.

Read more...

Public Holiday

As today is Christmas festival, no trade today. Mmmm... So tomorrow there will be a trade for me. You? I am not ready for posting any chart right now. Just want to say Merry Christmas and enjoy your holiday!



Maybe I will review some spot counter tonight. See you...

Technorati Profile

Read more...

Astro: Another Counter to Watch

See my previous comments on this Astro stock. RSI-14 days is just near the overbought area.

Astro Daily Chart

Anyway if price can overcome and open RM3.60 price support with heavy volume, the price seems to continue higher upward. The daily chart as per enclosed and weekly chart showing that the upward price is support with increasing volume which make me more confident on this counter to trade. Meaning that this week I already have spot counters to carry some good trade. I will update soon or later to put some updating on my trades. Enjoy and continue this reading. Have a good trade tomorrow!

If you enjoyed this post, make sure you subscribe to my RSS feed or to your email subscription to get automatically post updated.

Read more...

Update On Air Asia Share Price

On my last post about this counter, it is just near the fibonacci retracement 100% level. Air Asia Bhd currently on selling pressure which we can see that the volume still increasing at this current situation. Air Asia closed at the RM1.59 which is traded with heavy volume. If I am not mistaken, it was on the top volume on the last Friday. Remember, fast drop with volume spikes will end the previous trend and we will see the trend reversal. This is what I want to see and learning as much as possible from market fast action. Hopefully, I will not miss again on this trade. I will waiting the reversal confirmation to entry this stock. Maybe after Christmas will show some bullish signs. Happy learning and happy trading!

Read more...

Stock Market View: KLCI 21 December 2007

Last Friday, Kuala Lumpur Composite Index ends up with 16 points at the 1403 due to rise on the wall street on Thursday night. Advancers beat decliners 472 to 344, with 293 stocks unchanged. While on last Friday, Dow Jones continue its gained another 190+ points which normally give positive impact to our stock market. Additionally the general election is near there in the new year which some what will sure boost KLCI index. See KLCI daily chart below for your reference;

Even our stock market go higher after rebound for the last 3 days trading session, but be careful that the volume slightly decrease compared before. Anything can happen at this moment. The public holiday for Christmas is just a day after tomorrow. Happy trading!

Read more...

KFC Holding Continue North Direction?

KFC Holding (M) Berhad already up almost 10% after my previous post from around RM6.00 to RM6.60 closed last Friday. Sure it is big money, 10% only for one week.. Anyway don't think too much on the return value. Just concentrate on your good trade, I am pretty sure you will not regret that! Here I just put the updating chart for KFC Holding.

KFC Daily Chart

KFC share price currenty just near the another trigger buy, red line. If price can go higher and can overcome RM6.65 support with bigger volume from previous trading session, I am sure the price will go more than RM7.00. If you see the RSI 14 also at the moment near the bullish area which more than 50 will consider in bullish area. Anyway, lock your profit if you are position in this trade. Just beware that last trading day showing volume slightly decrease from previous last session trading day. Good luck and happy trading!

Read more...

Another Stock To Monitor

Here I enclose 3 stocks to be monitored. RSI-14 in oversold area and share trading price last trading session is near the Fibonacci Extension level.

Pos Malaysia Bhd Daily Chart


Air Asia Bhd Daily Chart


Mobif Bhd Daily Chart

The confirmation for entry is very much depend on the volume itself. I will update soon which only trigger my entry. Maybe by next week or January next year. Tomorrow is holiday. I am wishing you all "Selamat Hari Raya Aidiladha".

Read more...

Update on KFC Share Price

I got clue that KFC selling down recently due to bird flu crisis in Thailand. As I promised earlier to update on this KFC stock price, the price turn upward even the KLSE index average down this 3 days. My comment on selling mode a few weeks and end with big volume showing that the support level is strong. Buyers are supporting the stock at level which sellers unload their position. Volume spikes on last 3 days trading session near the support level leads the reversal meaning drying up of the selling pressure. Volume increasing 3 days in row showing the accumulation and the price bounce slightly upward. 25sen from current support. The RSI 14 days turn upward and just move out from the oversold area.

KFC Holding Daily Chart

Enough to make money? Mmmm... Anyway, just to remind that the resistance is just near there RM6.35 to RM6.40 which usually the first target stock disposal. Keep your profit and tight your stop loss. Happy learning and happy trading!

Read more...

YNH Property - Selling Pressure

Yesterday, I chat with my one of good friends about this counter. He told me about his interest with this counter and will put this in next portfolio. Currently he made money using tips and news to trade. This counter has a lot of project to come as he said. To me, never mind if he will make some money. Below is my comment on this stock.

YNH Property Daily Chart

YNH Properties currently in downtrend mode, recently failed to overcome the trendline resistance trigger line (horizontal red line). Refer to my post before to find out how to do this setup. Current support line is expected at RM2.35 while next support line is RM2.15. RSI-14 declining and turn down. 5 days volume increasing shows me this stock in selling mode which I assume will be retested the current support. Aidiladha and Christmas is just near there, most stock will be in selling mode to take some profit. Mmmm... this stock currently not catch my interest. I also like some tips to make confident level but any trade that I made very much depends on technical analysis. I am open to all to share my knowledge. Appreciate if somebody out there to share how they trade using tips and news. How to get the best price? How to cut loss or reevaluate your stock in case your stock doesn't move in your favor. As long as you make profit using your method, go ahead. I also like to hear from you all.

Read more...

Astro Stock Price Update

Remember the last I posted on this counter? False breakout on the Astro happened. The Astro price already broke the down trendline but still not my triggered buy! I am lucky not take the trade yet... Anyway, the price already bounce at the RM3.10 and go up RM3.40. Miss the trade to me is okay but don't miss the lesson. I'll try my best to learn as much as possible. Currently, the price is near the down trendline resistance and the RSI also showing near 60 which need time to open new opportunity. Here I enclosed the price trending Astro for you to review.

Astro Daily Chart

Read more...

KFC Holding (M) Sdn Bhd

KFC Holding (M) Sdn Bhd own 100% of KFC restaurants franchise in Malaysia and Singapore which is backed by fully integrated poultry operations. Today KFC maintains its dominance of the fast market in our country.

Currently KFC stock price is suddenly drop from RM8.00 to RM6.00 which dropped 25% in only one month. I try to find out why its price going down but not found anything in internet. Would you share with me why its happened?

KFC Daily Chart

On last Friday, KFC already broke and closed below the up trendine. Also happened in last trading day, volume spike more than double before which I assumed panic selling. In the mean time, investors and traders worried about the US market crisis. The Dow also down on last Friday at 178 points dropped. Can you guest what will happen to KFC tomorrow? I will follow this counter this week and post some result to review.

Read more...

Elliot Wave

Currently I am studying the Elliot Wave method on trading stock. Here I enclose one of the Bursa Malaysia stock to review.

Nextnation Weekly Chart

Elliot Wave is a study about wave to predict market behavior by R.N Elliot. Elliot Wave patterns usually occur in sufficient volume and liquidity market. Unfortunately, this method seems too complicated and very hard to study alone. Anyone has used it and successful implement it in our stock market? Your suggestion is highly appreciate and any comments are welcome.

Read more...

Dow Jones Index 12 December 2007

DJI Index Daily Chart

Right now at our local time 00:30 hrs, the Wall Street DJI rally on the Fed Cut 156 points. If you want to check daily DJI index as per picture below, you can refer to yahoo finance. DJI broke the intermediate down trendline which seem to be current support near 14,700 points. See the chart Dow Jones trading at fibonacci level and the trendline support.
I often check this data recently since our local stock market sentiment very much depends on the wall street performance. Check it out to build your confident before entering the market the next day.

Read more...

Tenaga Broke The Down Trendline

Tenaga Daily Chart

I didn't noticed that Tenaga already broke the down trendline last week and entry method using tendline should be on 3rd December 2007. The lowest price is RM8.65 and broke the down trendline on 27 November 2007. Using the trendline method for entry, price projected can be calculated by RM9.30 - Rm8.65 = Rm0.65. Price target: RM9.30 + RM0.65 = RM9.95! That has been passed and I missed the boat. Mmmm... The highest price was trading last week is RM10.10 and turn down closed at RM9.80. Please leave your comments if you have some idea or tips about this counter. Thanks...

Read more...

Stock To Monitor - RSI Oversold

Titan Petrochemical and Pos Malaysia currently in oversold area using RSI 14 days. Both in downtrend mode and were traded near their popular fibonacci level, 100% and 161.8% level as well. See both charts below:

Titan Petrochemical Daily Chart

Bullish divergence occurred on this stock. Price set low while RSI 14 days not. Double bottom may exist for couple of days. Patience is virtue!

Pos Malaysia Daily Chart

My strategy for this counter is waiting for the bottom reversal which I expected that at the level 161.8% fibonacci level. You may also wait the chart patterns appeared and confidently enter the market with tight stop loss.

Happy trading and happy learning!

Read more...

Stock Market View: KLCI Index 6 December 2007

Still remember in my few past post on October? My target for KLCI is 1442. Click here to checkthe post. Today KLCI already achieved the target. Highest at 1446 and closed at 1440 today. Mmmm... I am so surprise that KLCI will achieved my target! Unfortunately, this is not a trade counter. So, no money coming to my pocket.. hehe... Advancers beat decliners 451 to 355, with 319 stocks unchanged.

Actually, KLCI already break the all time high 1423 yesterday. Recently, the price turn down below the 23.2% fibonacci line and pullback to the current high. Currently daily technical indicator RSI showing near the overbought area. We have to be careful since the breakout volume is just low at this time. Plan your trade and calculate your risk.

Happy learning and happy trading!

Read more...

GPACKET

GPACKET Weekly Chart

Currently GPACKET in downtrend mode. Anyway if you see the chart, right now take a breath at the 261.8% fibo line. RSI showing in overbought area which normally showing the bottom condition. Trendline price projected for the downtrend is RM2.25. I just monitor this counter at this moment. Is there any reversal sign? Any comment?

Read more...