HI All,
Lately i feel very difficult to sleep. That does not related to my work (i'm not busy anyway) at office but maybe by my affectionate with trading. Since in my house broadband connection only available after 12.00 nite, i have to sleep at 3 am. But that doesn't not stop me from searching for good counters for u to trade.
MASTEEL
I read news on Masteel. Look into chart in depth. Then thinking this counter maybe will rebound on this morning.
Chart Orientation
Last 2 days formed 2 white bars and moving upward. If tomorrow still strong, will be performing 3 white soldiers in a row, one of the bullish candlestick pattern. I put 1.16 as a price to buy, 1 point above yesterday high; target price at 1.20, 1.25 and 1.29. Cut loss price at 1.08, 1 point below strong support, 1.09.
Indicators
From top, 1) accumulation increased.
2) momentum pointed downward.
3) MACD Histogram green (below 0) and MACD above 0.
4) Stochastic still low and look fantastico.
News
Risk and Reward
If your enter price at 1.16;
Risk : 1.16 - 1.08 = 8 sen
Reward: 1) 1.20 - 1.16 = 4 sen
2) 1.25 - 1.16 = 9 sen
3) 1.29 - 1.16 = 13 sen
My View
If u look carefully, Masteel move in a uptrend channel. Other than that, 2 white candlestick and low stochastic level comfirmed my bullish on Masteel. Good news for tendering rail job in Iskandar Development is a bonus.
Currently, i'm testing a new indicator after reading a book. If Masteel up tomorrow, i can rely on that indicator from now on.
KIMLUN
Kimlun is a construction company, expertise in TBM (Tunnel Bore Machine), have experience with Singapore MRT and maybe involve in digging Malaysia MRT tunnel if GAMUDA win.
Chart Orientation
Dragonfly candlestick just touching 20 moving average (MA), buying price at 1.38, just cross 1 point above 20 MA, target price at 1.43, 1.49, 1.55 and 1.63. Cut loss price at 1.29. Trigger buying candlestick is white inverted hammed to the left of dragonfly doji.
Indicators
From top, 1) accumulation start to move up.
2) MACD Histogram green and MACD below 0 line.
3) momentum start to move.
4) stochastic well above 20% line.
Kimlun is a construction company, expertise in TBM (Tunnel Bore Machine), have experience with Singapore MRT and maybe involve in digging Malaysia MRT tunnel if GAMUDA win.
Chart Orientation
Dragonfly candlestick just touching 20 moving average (MA), buying price at 1.38, just cross 1 point above 20 MA, target price at 1.43, 1.49, 1.55 and 1.63. Cut loss price at 1.29. Trigger buying candlestick is white inverted hammed to the left of dragonfly doji.
Indicators
From top, 1) accumulation start to move up.
2) MACD Histogram green and MACD below 0 line.
3) momentum start to move.
4) stochastic well above 20% line.
My View
Price still very low and not so much to cut loss if market against your buying. All indicators still at low level where u can buy low and sell high. Wait until it cross 20 MA before buying. Calculate your risk and reward before u buy. Trading in stock market is not like gambling in TOTO 4d and Magnum 4d jackpot. U need to have knowledge to aim for 1 rule; PROTECT YOUR CAPITAL.
CANONE
Having tussle and court case against Kian Joo. Have been covered by Malaysia Finance blog and Nexttrade blog.
Chart Orientation
Canone have a big gap and bullish candlestick called Matching line. When Kian Joo shares drop for 4 days, it is logical that Canone will going up. It is like winner take all, loser gigit jari.
Indicators
From top, 1) accumulation start to move.
2) momentum going up.
3) MACD Histogram still RED.
4) Stochastic just below 80% line.
My View
I expect Canone will continue to going up but i'm not suggesting u to buy since MACD histogram still red. So, i not draw the price line or cut loss point. It is up to u to decide. When playing with uncertainty, do your research and take interest with trading. That is the only way u can protect your capital and exist in stock market. TQ
Happy Trading!!!
Price still very low and not so much to cut loss if market against your buying. All indicators still at low level where u can buy low and sell high. Wait until it cross 20 MA before buying. Calculate your risk and reward before u buy. Trading in stock market is not like gambling in TOTO 4d and Magnum 4d jackpot. U need to have knowledge to aim for 1 rule; PROTECT YOUR CAPITAL.
CANONE
Having tussle and court case against Kian Joo. Have been covered by Malaysia Finance blog and Nexttrade blog.
Chart Orientation
Canone have a big gap and bullish candlestick called Matching line. When Kian Joo shares drop for 4 days, it is logical that Canone will going up. It is like winner take all, loser gigit jari.
Indicators
From top, 1) accumulation start to move.
2) momentum going up.
3) MACD Histogram still RED.
4) Stochastic just below 80% line.
My View
I expect Canone will continue to going up but i'm not suggesting u to buy since MACD histogram still red. So, i not draw the price line or cut loss point. It is up to u to decide. When playing with uncertainty, do your research and take interest with trading. That is the only way u can protect your capital and exist in stock market. TQ
Happy Trading!!!
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