KLCI 26-5-2014

Temporary wave 5 high at 1889.47 on May 19. Today, CI broke thru 30MA and 1870 support. 

Next support at 1849 region. If 1849 violates, short term correction will kick in.

CI need to stay above 1870 to continue uptrend!

KLCI weekly on overbought region too.

Trade wisely. Dont get involve too much on peanut goreng stocks for the time being!

Read More

Maybulk 27-5-2014

For discussion only:-

Maybulk completed its major wave 5 at 2.24 on April 14. It broke thru at the long term support trendline 1.88-1.89 on May 8. This pretty much confirmed wave 1,2.3,4,5 is completed.

It undergoes corrective wave 1,2,3 now.... price probably will trade within the downward channel with final corrective wave 5 at 1.60 area (61.8% retracement)

Read More

MMODE

R1 0.635 , R2 0.66 , R3 0.70 , R4 0.73 ....support 1 0.58 S2 0.55......

fair value 0.67......

happy trading...... :D

Read More

9962 GMUTUAL

another uptrend mode still on....GMUTUAL....i m close monitor it.....Ascending Triangle happen in Gmutual yearly chart

price will retest again 0.515 , strong resistance 0.55..... we need volume increase to push the price broke over Ascending Triangle.....will test another resistance 0.585 / 0.605....

support at 0.485 , S 2 0.46......

Read More