Page 40 | Ideas and Forecasts on Stocks — Malaysia — TradingView

MAGNA PRIMA BHD Recent candles show consolidation with relatively small body candles, reflecting indecision. There are no clear bullish or bearish patterns in the last few sessions, which suggests the market may be waiting for a catalyst. The most recent candlestick is a green one, indicating slight buying pressure. However, the small size suggests that buyers haven’t fully taken control yet. The volume is relatively low during the most recent trading sessions. This low volume might suggest a lack of convic

The stock is trying to recover after a downtrend Bollinger Bands : The price is currently near the upper Bollinger Band, which suggests a bullish sentiment. Trend and Momentum : The current upward movement might face resistance at RM0.60, which could act as a psychological or technical level for traders. Support and Resistance : Support: Around RM0.55 and RM0.50 appear to be strong support levels. Price bounced off from this area multiple times. Resistance: The RM0.60 level is a significant resistance, as it has capped the p

The short-term trend appears to be upward Bollinger Bands : Middle Band: The price is above the middle band, suggesting bullish momentum in the short term. Volume : Recent volume is lower but steady, which shows no excessive buying or selling pressure. Price Action : Currently, the price is consolidating in a sideways range after the latest upward move, which may indicate a potential breakout or pullback. Conclusion : Bullish Bias: The price is trending upwards with support from the moving average, and it's curr

PMHLDG - Require a strong bullish momentum N wave with E, N, V & NT projection. The price has slightly crossed above the down Kumo, which indicates a potential shift in momentum from bearish to bullish. However, this needs confirmation by staying above the key levels. The Chikou Span crossing above the candle price is a bullish signal, showing that current price action is stronger than it was 26 periods ago, further hinting at a potential upward move. NT level (0.395): This is the immediate resistance. A close and sustained price action

The stock is in an uptrend on the daily chart Candlestick Patterns : The price hit a high of MYR2.50 and closed at MYR2.48 (+3.33%) on the daily timeframe. Bollinger Bands : The price is currently near the upper band, suggesting potential overbought conditions. However, since the price is continuing to rise, it could signal a strong bullish trend if the price remains close to the upper band. Trend Analysis : The overall trend seems bullish as the price is making higher highs and higher lows. It’s supported by the price sta

EVERSENDAI CORPORATION BERHAD Trend : Current Situation: The recent price action shows a slight rebound from the lows, with price pushing above the moving average. Indicators : Bollinger Bands : The price is currently touching the middle of the Bollinger Bands. This usually indicates that the stock is in a neutral zone after rebounding from the lower band. The upper and lower bands suggest a period of volatility expansion earlier, but currently, the bands are contracting, indicating a period of low volatility or c

SENDAI - Analysis on potential of price movement Y wave, target (E) within stipulated range. The price is at 0.520, showing consolidation near a potential minor resistance zone after a short-term bullish reversal from the turning point (D). The price has crossed Tenkan-Sen and Kijun-Sen but needs to stay above both lines to confirm continued upward momentum. A possible entry can be considered if the price manages to break above 0.525 with strong volume, confirming a continuation of the bullish reversal. Ensure to wait for a clear break and clo

SEAL - Need a strong momentum to maintained bullish continuation N wave with E, V, N & NT projection. The stock is trading at 0.815, slightly above the NT projection of 0.800. A breakout above 0.855 could confirm the continuation of the bullish trend. 0.800 (NT) as immediate support and this level must hold to prevent a bearish reversal. This strategy assumes a bullish continuation above the current price, with critical support at 0.800 needing to hold to maintain bullish momentum. R - 0.855 S1 - 0.800 S2 - 0.780 Note: 1. Analysis for education purposes on

TEXCYCL Wave 3 My Predication using method Elliot Wave, Trendline, Fibonacci Extension, Chart Pattern, BODTL

MYEG - Bullish MYEG - Bullish Technically, this stock continues its bullish trend in 2024 from retracement in 2023 and came back to retracement and close at 0.915. Price remains in a bullish channel and stays above Kijun Sen level, which can be considered a healthy bullish trend at this moment. Fundamentally, based on recent reports: - Innovative Services and Blockchain Adoption: MYEG expects to continue introducing innovative services by leveraging new technologies, specifically blockchain or Web 3.0. This

TASCO BHD - Retracement in progress.TASCO BHD - Retracement Currently in retracement of a bullish trend. Possibly WXY. Stay sideways until we see a bullish trend continuation. If one wants to invest for the long term, it's good to buy at wave Y. On fundamental: TASCO Berhad (Bursa Malaysia: TASCO), the logistics and warehousing services provider. As of recent reports, here’s what’s happening with TASCO: Anticipated Recovery in Trade Activities: TASCO is expected to exhibit a tale of two halves in its financial year ending Marc

PETDAG - Retracement Completed?Petronas Dagangan Bhd We can see a triangle pattern correction ABCDE completed to form wave 4. Soon we may see a bullish continuation once prices exit the triangle.

Ending Diagonal Pattern at JHM JHM has reach support and the price break the down structure...For pattern i see the ending diogonal pattern(pattern for reversal) and pairing with bullish divergence...for me market will go up...this is sharing idea...not a buy call

PESONA - Potential of price movement analysis N wave with N, V & NT projection. The price has tested the 52-week high at 0.260 three times and was rejected, indicating strong resistance at this level. The NT projection is acting as the immediate resistance, which the price is currently testing. Breaking above this could signal a continuation of the bullish trend. The price is above the cloud, indicating a bullish trend. The thin cloud ahead suggests minimal resistance, supporting the possibility of a bullish breakout. The Tenkan-sen and Kij

INTA - Potential analysis of price movement Y wave, target (E) within stipulated range. N wave with E, N, V & NT projection. NT (0.485) as immediate support. This is the critical support level. If the price remains above 0.485, it indicates that the market retains its bullish momentum. The price is above the Kumo, indicating a bullish trend. The thin cloud ahead also suggests minimal resistance, which could help propel the price upward. A potential entry could be placed slightly above the NT support level, around 0.490–0.495, as long as t

PTT SYNERGY GROUP BERHAD - [PTT]Trend Analysis : Short-term: The price has been consolidating after a sharp move up in June. The recent price action shows a potential rounding bottom formation, which could indicate a reversal to the upside. Medium-term: There appears to be a pullback from the high in early August, suggesting a correction phase. Bollinger Bands : The price is currently near the middle of the Bollinger Bands, suggesting neutrality. However, after touching the lower band in mid-August, the price has s

MUI PROPERTIES BHD - [MUIPROP]Trend Analysis : Uptrend: The chart shows a strong uptrend starting from late July to early September. The price has been making higher highs and higher lows, which is characteristic of an uptrend. Candlestick Patterns : Bullish Candles: The recent candles are mostly bullish, with the last few candles showing strong upward movement, indicating buying pressure. Volume: The volume bars indicate a significant increase in trading volume, especially during the last few trading days, which

GBGAQRS - Analysis on price movement N wave with E, V & NT projection. The price is below the Kumo, indicating bearish momentum. The Kumo itself is bearish and relatively thick, suggesting strong resistance overhead. The Tenkan-sen have crossed below the price, which might indicate a potential short-term bullish correction but within a generally bearish context. Volume is low, indicating a lack of momentum, which is typical in a consolidating market or at the beginning of a reversal. R1 - 0.380 R2 - 0.395 (Senkou span B) S1 - 0.345

VLB - Analysis on price movement N wave with E, N & NT projection. Currently price is near the edge of upper Kumo, indicating that the stock is at a critical level between bullish and bearish momentum. The Kumo appears to be slightly bullish. Tenkan Sen is flat, which often indicates a potential consolidation phase. The price is hovering around the Kijun-Sen, which acts as dynamic support/resistance. It's currently being tested as a support level. The current movement suggests a potential breakout toward the projected levels (N

SDS GROUP BERHAD - [SDS]Trend Analysis : Short-Term Trend: The stock has been in an uptrend since early August, with a notable increase in both price and volume, indicating strong bullish momentum. The recent candles show higher highs and higher lows, typical of an uptrend. Medium-Term Trend: The medium-term trend has been sideways from May to July, with prices consolidating between MYR0.85 and MYR1.05. The recent breakout above MYR1.05 signals a potential continuation of the uptrend. Bollinger Bands : The

HUP SENG INDUSTRIES BHD - [HUPSENG]Bollinger Bands : Bands: The chart displays Bollinger Bands, which consist of a middle band (likely a simple moving average) and an upper and lower band. Current Price: The price is currently near the upper band, which suggests the stock might be overbought. This could indicate potential resistance and a possible pullback if the price doesn't break through this level. Price Action : Trend: The recent price action shows a recovery from a previous downtrend that started in early August

MSM, come to papa and mama?The stock is currently oversold, as indicated by the Relative Strength Index (RSI). Additionally, the Moving Average Convergence Divergence (MACD) is below its signal line, suggesting a bearish trend. This combination of technical indicators may suggest that the stock is currently out of favor with market participants. It is often advisable to avoid stocks that are being actively sold by market movers, as they may continue to decline. Instead, it may be more prudent to focus on stocks that are

HWATAI, still downhill.,The stock is currently oversold, as indicated by the RSI. However, it hasn't formed a strong base, which is a period of consolidation before a potential reversal. Therefore, it's advisable to wait for a clearer sign of a reversal before considering buying. Buy and sell so you can sleep better at night. If you lose sleep after a trade, evaluate why you bought or sold. Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading

PBBANK, still can go further?The overall outlook remains positive, but it's important to note that negative divergence has formed on both the daily and weekly charts. This indicates that the price is moving higher, but the momentum behind the move is weakening. As a result, it's prudent to protect your downside by setting a tight trailing stop loss. A trailing stop loss is an order that is placed at a certain distance below the current market price. If the price falls to the stop loss level, the order is triggered and your