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Technical Analysis — (MCEMENT) - 17 May 2026Overall Market Structure Based on the chart provided, MCEMENT remains in a medium-term bullish structure despite recent volatility. The stock has successfully rebounded from the major support zone around RM5.80–RM6.00 and is currently forming a higher low + ascending channel pattern. The current setup suggests: The market is attempting another bullish continuation wave. Bullish Recovery Structure The chart clearly shows: Higher lows being formed Recovery from strong support Ascending price channel Momentum stabilization after correction This indicates: Buyers are gradually regaining control. If price respects the lower trendline support: continuation toward RM7.60 then RM8.20–RM8.60 becomes increasingly possible. Breakout Confirmation A strong breakout above: RM7.40–RM7.60 with volume expansion could trigger: momentum buying institutional participation trend continuation Potential upside targets: RM8.20 RM8.60 RM9.00+ The projected structure on your chart suggests a possible acceleration phase if breakout confirmation occurs.Fundamental & Sector Narrative MCEMENT benefits from several macro themes: 1. Infrastructure & Construction Cycle Malaysia’s infrastructure spending remains supportive for: cement demand construction materials industrial projects Potential beneficiaries include: highways data centers industrial parks public infrastructure developments 2. Pricing Power Improvement Cement players have recently shown: stronger pricing discipline improving margins better cost management If energy costs stabilize: earnings recovery may strengthen further. Risks & Threats 1. Resistance Zone Still Active RM7.40–RM7.60 remains a critical resistance area. Failure to break this zone may lead to: sideways consolidation short-term pullback profit-taking pressure 2. Construction Sector Volatility The stock remains sensitive to: government project execution economic slowdown raw material cost fluctuations diesel & energy prices Any slowdown in infrastructure spending could affect sentiment. 3. Breakdown Risk If price fails to hold: RM7.00 then RM6.60 the bullish channel structure may weaken significantly. Major downside support remains: RM5.80–RM6.00 For Investors MCEMENT appears suitable as: a construction/infrastructure recovery play medium-term cyclical exposure trend-following setup Current structure suggests: accumulation may still be ongoing before the next expansion phase. Conclusion MCEMENT currently displays: ✅ Bullish recovery structure ✅ Ascending channel support ✅ Higher low formation ✅ Potential breakout setup However, confirmation is still needed above RM7.60 before stronger upside momentum toward RM8.50–RM9.00 can develop. At the current stage: The stock remains in a constructive bullish setup, but still within a confirmation zone.
MYX:MCEMENTLong
by mustaqim.mazuky
PCHEM Technical & Fundamental Analysis (17 May 2026)Based on the chart provided, PETRONAS Chemicals Group Berhad (PCHEM) appears to be entering a potential long-term recovery and trend reversal phase after experiencing a prolonged bearish cycle from its all-time high near RM11.12. The stock has shown strong rebound characteristics from the RM2.76–RM3.00 bottom region and is currently attempting to establish a new bullish structure. Current Technical Outlook PCHEM has successfully: Broken above RM3.70 Formed higher lows Reclaimed the RM5.00 region Created early signs of bullish momentum recovery This suggests: The stock may be transitioning from a long-term downtrend into an accumulation and recovery phase. arnings Recovery Narrative Several analysts expect PCHEM’s earnings to improve in FY2026 after a weak FY2025. Key recovery drivers include: Better petrochemical selling prices Improved plant utilization Margin normalization Recovery in global industrial demand Some projections suggest FY2026 profitability could improve substantially if chemical spreads stabilize. Energy & Oil Price Support PCHEM remains highly correlated with: Crude oil prices Petrochemical spreads Methanol and olefins pricing If oil prices remain firm and global energy demand improves, sentiment toward petrochemical counters may strengthen further. Bullish Scenario If PCHEM: Holds above RM5.15 Breaks RM6.16 with volume Sustains higher lows Then momentum could accelerate toward: RM7.11 RM8.00+ RM10–RM12 longer term Bearish Scenario If price fails to defend: RM5.15 RM3.70 support Then downside retracement risk increases toward: RM3.00 RM2.76 support zone This would invalidate the current recovery structure PCHEM may suit investors looking for: Recovery plays Cyclical turnaround opportunities Medium to long-term capital appreciation However, position sizing and patience remain important due to sector volatility. Key focus areas: Breakout confirmation above RM6.16 Volume expansion Momentum continuation candles Institutional buying activity Current setup can be classified as: “High-risk, high-reward recovery setup.”
MYX:PCHEMLong
by mustaqim.mazuky
MNHLDG TO CONTINUE MARK UPThis is an atypical type of Re-Accumulation Schematic # 1 - Spring setup For the context, at the moment, im pressing my throttle at the max. my US portfolio gives me lots of buffer to press harder This is my 3rd position for Malaysian Stock market *kpj (profit booked) - refer link back to MNhldg, today Bar seems like a Trigger Bar although still incomplete. With the feather's weight prior that (Red Arc drawn), along with influx of demand (green arrow), position as attached **i think MNHLDG would make 1 or 2 feather's weight or springboard before shooting up. not sure. will add more ** this is a staggered stop loss . back in 2025, MNHLDG was one of my pareto trade, that contributed much to tripple digit return.
MYX:MNHLDGLong
by drsyariz
Reversal IHNS for KheesanPossible reversal to bullish for kheesan as per monthly TF found inverted head and shoulder pattern. As this is monthly TF so patient is key for the profit to come. Perfect ratio is 33 sen or within the big blue box for 1st TP (beware small blue box is lower TF perfect ratio) which is 100% profit in the long run. Might take a year or two to reach that. May entry within the current price since it might just at the end of bearish retracement. For indicator RSI already display bullish divergence. May check weekly/daily TF for better entry. Just my opinion. We will see.
MYX:KHEESANLong
by Measat
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