KLSEPSP - Few Counters on Uptrend/Breakout.

BURSA (1818)

1) Nice pattern.
2) Expecting SMA to make a golden cross soon.
3) Parabolic SAR on bullish.
4) Targets are RM6.24 , RM6.36 and so on.


 MRCB (1651)

1) Double bottom formed at price around RM1.55.
2) Parabolic SAR on bullish started 2 days ago.
3) Volume high.
4) Target is RM1.86.

SUPERMX (7106)

1) Breakout around 1 week ago.
2) 2 consecutive day high volume.
3) Look promising..
4) Target is RM2.24.
5) But careful, possible of profit taking.

UEMLAND (5148)

1) Consider double bottom around RM1.92.
2) High volume today.
3) Targets are RM2.05 and RM2.11

OSK (5053)

1) Well supported at RM1.35
2) Today high volume
3) Targets are RM1.44 and RM1.51

YTLPOWER (6742)

1) Strong resistance at RM1.68. About 6 times trying to break but failed.
2) Parabolic SAR changed to uptrend sign from last 2 days.
3) Once broken, targets are RM1.69 and RM1.76. Possible to RM1.82.

MALTON (6181)

1) Today SMA made the golden cross.
2) High volume
3) Target is RM0.585. Once breakout, TP is RM0.615.


I think these should be enough at the moment.

Good Luck and Happy harvesting soon.. =p

KLSEPSP - Update on MRCB

MRCB (1651)

In previous post, i mentioned about possible lowest for MRCB and a short of rebound.
Indeed it reached RM1.68, and went even lowest to RM1.65. After that slight rebound happened highest at RM1.76. After that, share seems shutting down again. At the moment share closed at RM1.64 on a bearish mode. I am expecting the share to continue to drop as Construction index also on bearish. Parabolic has put stopped after Friday trade.

With projection Fibo, we are looking next support at RM1.60. It is hardly to determine what is lowest, therefore, we will see how the stock to react base on market condition and our political situation. Good luck to those holders in case you guys trying to average down.

Personal point of view : I'll put this counter aside at the moment until there is more strong rebound shown in the movement. I don't care about the lowest price or try to maximize the profit, as long when strong movement detected, i am there and manage to get in time to reap off its CW fruits.

KLSEPSP - MRCB: Possible lowest and Targets

MRCB (1651)
Construction

Lowest Target: ~RM1.68
1st target: RM1.92
2nd Target: RM2.08
3rd Target: RM2.23

Lets take the "red bubble" is the lowest for both lowest for certain period.
By using Fibo fan, from higher (blue bubble), we spread the fan to nearest lowest price.
Finally we get 3 cross lines at the same place, indicated by black bubble. The time estimation for this lowest is by next week, Tuesday at least.
With lowest estimation at RM1.68, we are looking for a rebound afterward.
By using Fibo projection, 1st target is Rm1.94.
Please bear in mind that this method is used to estimate the time and not for accuracy.
So the best price to enter, probably below RM1.70.

Lets see on the close range with other indicators.

1. MFI, RSI, & Stoch are in oversold area. Still not a good time to enter.
2. Signal MACD is still below -0.043 and bearish territory. 2 histograms created despite price dropped.
3. Same goes to Momentum, price is bearish candle, yet momentum showing up which is good.
4. ADX = Signal go way higher above 20 with -DI going up above +DI. This indicates bearish trending.
5. In the last 3days, price stabilize at RM1.76. There were a trial to move the price up, with open higher but failed to sustain and closed in red (previous closed price).

Summary
I would hold atleast price goes below RM1.70 before buy in.
Lets wait and see what happen next week.