MUHIBAH - Downward slopping INVERTED HEAD & SHOULDERSMUHIBAH - CURRENT PRICE : RM0.630
On 11 July 2025 the stock made a small gap up and closed above minor down trendline. Eventhough it closed as a doji candle, it is viewed as BULLISH as the price broke out inverted head and shoulders NECKLINE RESISTANCE with high trading volume. There is a higher low recently which is usually occurs in this chart pattern - indicating possible bottom have reached. Nearest target will be RM0.680 and RM0.720 while support will be RM0.595. Take note that the first target of RM0.680 also approximately near the major down trendline.
ENTRY PRICE : RM0.625 - RM0.630
TARGET : RM0.680 (+7.94%) and RM0.720 (+14.29%)
SUPPORT : RM0.595 (-5.56%)
EXSIMHB - SIDEWAYS with potential UPSIDE BIAS ?EXSIMHB - CURRENT PRICE : RM0.340
In long term the uptrend is still intact as the share price is above 200-day EMA.
For short and medium term is in SIDEWAYS.
The stock had consolidated since JUNE 2024 (almost 8 months).
The nearest resistance for this stock is RM0.355. If the share price penetrates this level, it has potential of continue to move upside. As such, I considered this as a pending breakout stock.
ENTRY PRICE : RM0.360 - RM0.370
TARGET : RM0.400 , RM0.440 (52 Week High)
STOP LOSS : RM0.320
TAYOR !
MFLOUR - RSI reading hint a BULLISH OUTLOOK ?MFLOUR - CURRENT PRICE : RM0.545
MFLOUR has been on a downtrend since June 2024 and began consolidation on November 2024.
Based on ICHIMOKU CHART, last Friday the share price rises and penetrated LEADING SPAN 2 - Closed inside KUMO. At the same time CHIKOU SPAN starts to move above CANDLESTICK - this shows a little bit bullish scenario.
There were also BULLISH DIVERGENCE in RSI oscillator. Interesting part is RSI break above 50 points on last Friday. This rising reading in RSI oscillator add more bullish outlook for this stock.
ENTRY PRICE : RM0.545
TARGET : RM0.575 , RM0.595
STOP LOSS : RM0.520
TAYOR !
Notes : Malayan Flour Mills Bhd. engages in the flour milling business. It operates through the following segments: Flour and Grain Trading (FGT), Poultry Integration (PI), and Others.
JSB - Trend changing ?JSB - CURRENT PRICE : RM0.485
After finished its downtrend phase, the stock moves in sideways for 3 months (from OCTOBER 2024 until JANUARY 2025). Recently the share price starts to climbing up indicating some bullish scenario. However after a bad news related to the company published, the stock made a falling window (GAP DOWN) on 23 JANUARY 2025. Last Friday the stock managed to recover from the recent sell off and closed as a BULLISH PIERCING LINE. This shows that there is still buying interest in this stock.
Based on JAPANESE CANDLESTICK CHARTING TECHNIQUES, falling window may acts as strong resistance level. In this case, RM0.500 may considered as a critical resistance level for this stock. As such, a breakout above RM0.500 , technically will trigger a buy signal at RM0.505 for CANDLESTICK traders. In conclusion, it is a pending breakout stock.
ENTRY PRICE : RM0.505
TARGET : RM0.550 , RM0.595
STOP LOSS : RM0.465 (the low of BULLISH PIERCING LINE)
AVALAND - Breakout above Falling Window Resistance ?AVALAND - CURRENT PRICE : RM0.335
AVALAND is bullish as the price is above 50 and 200 day EMAs. Take note that the stock made a Falling Window on 05 August 2024. Then the stock accumulate approximately for four months. Last Friday (03 JANUARY 2025), the stock closed above the Falling Window resistance level with a bullish Long Marubozu White Candle . Technically this is a buy signal.
ENTRY PRICE : RM0.330 - RM0.335
TARGET PRICE : RM0.380
STOP LOSS : RM0.300
Notes : AVALAND is a property company. Fundamentally its earning is increasing. Currently the company have one more quarter report to be announce on FEBRUARY 2025 to complete the Financial Year report.
MN HOLDINGS - Potential of making Bullish Symmetrical Triangle ?MN HOLDINGS - Current Price RM0.920
In long term the stock is still UPTREND as it is above 200-day EMA. In short and medium term, the stock is in sideway/consolidation.
The declined from 12 Aug 2024 (high RM1.12) to 29 Aug 2024 (low RM0.820) is due to weak market sentiment and profit taking activity. At current situation, the stock have a potential of making Bullish Symmetrical Triangle. If price made a breakout above the pattern, then it will trigger a buy signal (as it is viewed as Bullish Continuation Pattern). However, at this current moment there is no buy signal yet. As such, we may keep this stock in wacthlist.
For ICHIMOKU CHART traders, the price is trading within the CLOUD (indicates sideway) and the CHIKOU SPAN is still below CANDLESTICK and CLOUD (no bullish scenario yet). If the price make new high above the CLOUD or the CHIKOU SPAN crosses up above CANDLESTICK & CLOUD, then it is viewed as bullish scenario. At that moment, ICHIMOKU CHART traders may anticipate to buy at best entry price.
Notes : MN HOLDINGS is a good FUNDAMENTAL company and also a sub-con to TENAGA NASIONAL BHD. On 01 November 2024, HONG LEONG INVESTMENT BHD give a fundamental target price of RM1.60. However, as a CHARTIST/TECHNICIAN, we look for a buy signal based on Technical Analysis.
Could u imagine Tenaga will fly for different target price soon
Mid term target 16, 16.90
It is the second attempt broke 15.00 since Sept 2024
Based on Fibonacci channel, the target price shown at the side indicate the different short to long term target price
MACD indicate bullish sign with gold cross after recent retracement
YTL Power rebound this week take profit as fast as possible
The critical price broken of 4.00 since some days
The 200 days long term trend line broken
The next support see below 2.20 - 2.50
The neckline broken of Head and shoulder pattern, will see a rebound for short term, resistance see at 3.90 -4.00
Bullish future for Tenaga with development of AI centre
Based on the top down measurement of the history price to its last bottom, Tenaga target at 16.00 for exit mid term position. This was the history price achieved In March 2018. With RSI looking overbought in monthly chart, the retracement is necessary before the next move.
With the strong demand from the AI centre development in Malaysia, the long term good prospect is expecting for Tenaga.
Based on wave calculation of up trend Elliot wave, after mid term correction, the new target price will see projected at 19.00 with 1.618 Fibonacci measurement.
Looking back at the history chart patterns of 70 (40 +30) months plus additional 5 months correction period, are we looking forward that this history pattern might be seen for Tenaga in next 2 years to come?
The news about further acquisition of UK based renewable energy firms looks like the prospect of Tenaga is quite promising
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