BIMB testing the next support

BIMB starting to retrace but rebound at the support and being hold at the support at 1.96 during the big dip in KLSE. Will this 1.96 support strong enough to hold?

 

Observation
1) Trendline - Uptrend- (Bullish)
2) Formed higher high- (Bullish)
3) MACD -Formed 4G1R(Bearish).
4) RSI -  Cut below 70% (Bearish) -
5) Sto -  Cut below 80% and formed bearish crossover. (Bearish)
6) ADX - high momentum and bullish ( Bullish)
7) Candle Stick -Dark Cloud (Bearish)

4Points

      3 Points

Winner Bear ( Throw down wrestling style)
BIMB is currently retracing and if today with the good push up by the USA index, it might have a strong reversal. If today it went up it may be a starting of a higher low and will test the resistance at 2.09 again

Entry Price 2
Resistance 2.09 and 2.29
Stop loss at 1.95

 

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KLSE on Oct 17

Observation
1) Trendline - Uptrend- (Bullish)
2) Formed higher low- (Bullish)
3) MACD -Bullish Crossover (Bullish)
4) RSI - Broke above 70% (Bullish) -
5) Sto -Kissing (Potential Bearish)
6) ADX - high momentum and bullish crossover ( Bullish)
7) Candle Stick -2x white candle (Bullish)
8) Global Factor - USA Index down and lose of confidence of investor after German Finance Minister Speech (Refer to the news ).

2Points

      6 Points

Conclusion

Winner BULL

Eventhough all the indication are great we need to follow the support and resistance rules

Entry Price 1469
Resistance 1475 and 1496
Support at  1442 and 1422

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UEMLAND have a technical buy

Observation
1) Trendline - Uptrend- (Bullish)
2) Formed higher low- (Bullish)
3) MACD -Bullish Crossover (Bullish)
4) RSI - Broke above 70% (Bullish) -
5) Sto - going to form bearish Crossover (Potential Bearish)
6) ADX - high momentum and bullish crossover ( Bullish)
7) Candle Stick -2x white candle (Bullish)

1Points

      6 Points

Conclusion

Winner BULL

Construction Sector in play and this counter is going to test the next resistance at 2.08

Entry Price 2.11
Resistance 2.37 and 2.45
Support at  1.91

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Maybulk have a technical Buy

Observation
1) Trendline - Uptrend- (Bullish)
2) Formed higher high  - (Bullish)
3) MACD -Bullish Crossover (Bullish)
4) RSI - Broke above 50% (Bullish) -
5) Sto - Formed Bullish Crossover and broke above 50% (Bullish)
6) ADX - high momentum and bullish crossover ( Bullish)
7) Candle Stick -2x white candle (Bullish)

0Points

      7 Points

Conclusion

Winner BULL

Now it has sky rocketed too high. Let wait till it break above 1.88 or retrace to the next support at 1.79

Entry Price 1.9
Resistance 1.95 and 2.11
Support at  1.79 and 1.68

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CIMB testing the support at 7.33

To those who have bought CIMB on Sept 29 which was posted on 28 Sept.. Congratulations.. (Refer to the link http://edwinextremebullrun.blogspot.com/2011/09/cimb-have-technical-buy-if-break-696.html)

Let check on the current situation on CIMB


Observation
1) Trendline - Uptrend- (Bullish)
2) Formed higher high  - (Bullish)
3) MACD -4G1R (Bearish)
4) RSI -Retrace towards 70% and if break below 70% it will be bearish (Undetermined) -
5) Sto - Formed Bearish Crossover and retrace towards 80%  (Bearish)
6) ADX - high momentum and Bearish( Bearish)
7) Candle Stick -Black Candle after shooting (Bearish)
8) Volume Distribution - High Buying Pressure ( Bullish)

4Points

      3 Points

Conclusion

Winner Bear ( Throw down wrestling style)

With KLSE index retracing from the higher high resistance at 1422, there might be a potential than CIMB will retrace and test the next support at 7.33. Let wait for the Monday movement to see whether there is a technical rebound due to good Global Factor on last friday

Entry Price 7.35
Resistance 7.67
Stop loss at 7.25

 

 

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Dow Jones on 13 October

Dow Jones Index broke the downtrend line but is the testing the resistance at 11553. Breaking this will show another bullish trend upward




Observation
1) Trendline - Uptrend- (Bullish)
2) Formed lhigher high  - (Bullish)
3) MACD -Broke above 0 (Bullish)
4) RSI -  Retracing from 70% (Bearish) -
5) Sto - Forming Bearish Crossover which show some slight bearish in progress (Undetermined)
6) ADX - low momentum and Bearish( Bearish)
7) Candle Stick -Inverted hammer after shooting star (Bullish)
8) VIX - Going up ( Bullish ), VIX broke the uptrend and going down and many indicators which showing that it will go down more which provide a positive impact on the USA index


 

2Points

     5 Points

Winner BULL

Hopefully Europe Positive Trend and Google and Tech Sector will continues to push up the USA index.Entry Price 11560

Resistance at 11706 and 11884

Support a 11015,10931 and 10690

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Apple Testing the Resistance

Steve Jobs soul and essence will always be with the Apple after his great contribution as one of the most successful CEO of this generation.

Observation
1) Trendline - Uptrend Bullish
2) Formed higher high- Bullish
3) MACD -  Bullish Crossover formed and thrusting toward to 0 to be uptrend. ( Bullish)
4) RSI - Broke 50% and going up ( Bullish )
5) Sto -  Broke above 80%( Bullish)
6) ADX - weak momentum and Bullish
7) Candle Stick - White Candle Piercing ( Bullish)

0 Points

       7 Points







Conclusion

Winner BULL

Trying to test the previous high at 423 and break this with the blessing of Steve Job it will able to go up sky high..

Entry Price 425

Take Profit  at 439, 448 and 456

Support at 392

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BIMB testing the resistance

Today BIMB tested the resistance at 2.09 and shoot up to 2.14 but ended back up at 2.05 after China Data Market was shown.



Observation
1) Trendline - Uptrend- (Bullish)
2) Formed higher high- (Bullish)
3) MACD -Bullish because blue above the red (Bullish).
4) RSI -  Cut above 70% (Bullish) -
5) Sto - Still in positive but it is now kissing. (Bullish) Have to wait for the next day trend to see the result
6) ADX - high momentum and bullish ( Bullish)
7) Candle Stick -Doji after White candle (Bearish)
8 Volume Distribution - Higher Buying Pressure ( Bullish) 

1Points

      7 Points

Winner BULL

Entry Price 2.09

Resistance at 2.29 and 2.39

Support a 2

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Supermax update on Oct 12

The Mother of all Glove ( Topglove have rebound beautifully and let hope Supermax will follow them)

Observation
1) Trendline - Uptrend- (Bullish)
2) Formed higher low  - (Bullish)
3) MACD -Bullish because blue above the red (Bullish). Awaiting for 4R1G for extra boost
4) RSI -  Cut above 70% (Bullish) -
5) Sto - Waiting for for Bullish Crossover if white candle again tomorrow (Undetermined)
6) ADX - high momentum and bullish ( Bullish)
7) Candle Stick -White candle after Inverted Hammer (Bullish)
8 Volume Distribution - Higher Buying Pressure ( Bullish) 

0Points

      7 Points

Winner BULL

Entry Price 2.97

Resistance at 3.23 and 3.5

Support a 2.71

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Dialog has a technical Buy

bservation
1) Trendline - uptrend- (Bullish)
2) Formed lower low  - (Bearish)
3) MACD - Blue still above red (Bullish)
4) RSI - Broke towards 70% (Bullish) - It could be overprice or super bull
5) Sto - Kiss and above 80% (Bullish)It could be overprice or super bull
6) ADX - Bullish Crossover and Bullish (Bullish)

1Points

      5 Points

Conclusion

Winner BULL



Entry Price 2.39

Resistance at 2.5 and 2.79

Support a 2.27

KLSE on Oct 12

Observation
1) Trendline - Uptrend- (Bullish)
2) Formed higher high  - (Bullish)
3) MACD -Bullish because blue above the red (Bullish).
4) RSI -  Cut above 50% (Bullish) -
5) Sto - Formed Bullish Crossover and cut above 80% (Bullish)
6) ADX - high momentum and bullish ( Bullish)
7) Candle Stick -White candle after a gap up (Bullish)

 

0 Points

      7 Points

Winner BULL


Entry Price 1422
Resistance 1441 and 1465

Support at 1397 and 1370

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