KLSE formed a Bullish hammer

KLSE formed a bullish hammer. Let hope tomorrow KLSE will bull up higher this time with good market sentiment.

Dialog forming HIgher low

Wow for this dialog when will it go up.. Averaging down at 0.19, 0.185, 017 and 0.16 (Total 3500 lots) on the Dialog CC

Observation
1) Trendline - Uptrend ( Bullish)
2) HH - Forming higher low ( Bullish) and supported at 20d Ma Support
3) MACD - Bearish and awaiting for 4R1G signal for Bullish Attack
4) RSI - Retracing toward 50% ( Bearish)
5) Sto - Retracing ( Bearish) and waiting for it to rebound at 50% and formed bullish crossover
6) ADX - Weak momentum but bullish
7) Formed Hammer at 20d moving average ( Bullish)

Conclusion
Support at 2.15 and any lower than this please cut loss

Take Profit - 2.29(R1) and 2.42(R2)


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CIMB formed a super beautiful bullish hammer.. It is hammer time..

      HAMMER TIME -- MC HAMMER.. CIMB HAMMER and Bull Attack haha..

Observation
1) Trend Line - Downtrend ( Bearish)
2) HH- Formed lower low at 8.05 ( Bearish)
3) MACD - Still bearish but the bullish crossover it is getting nearer and awaiting 4R1G. ( Bearish)
4) RSI -  Waiting to rebound at 30%
5) ADX - Weak Momentum and bearish
6) Sto - Awaiting Bullish Crossover

7) Candlestick - Formed Bullish Hammer ( Bullish)
Conclusion
Even though we saw the CIMB rebound but to be on the safe side.. Let observed longer

Entry Price - 8.13 (Risky)
                    8.23 (Safe)
Stop Loss - 8.04
Take Profit - 8.32(R1) and 8.37 (R2) and 8.5 (R3)


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Ann Joo Retracing towards next support

Observation
1) Trend line - Sideways
2) HH - Heading toward Higher low 2.8 ( Still Bullish)
3) MACD - Bearish and let wait for the 4R1G to attack
4) RSI  - Hovering at 30% ( Bearish) and wait for this to rebound for bullish reversal
5) Sto - Waiting for Bullish Crossover
6) ADX - Weak momentum and still bullish
7) Candlestick - Formed a weak bullish hammer

Conclusion
Entry Price - 2.86 ( Bullish Harami) with 4R1G (MACD) and rebound at RSI and Sto Bullish crossover
Stop Loss - 2.78
Take Profit - 3.03 (R1) and 3.15 (R2)

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Air Asia - Formed inverted Hammer and rebound

Observation
1) Trend Line -  Downtrend ( Bearish)
2) HH - Formed lower ( Bearish)
3) MACD - Bearish but Histogram going up.. Positive sign
4) RSI - Broke above 30% ( Bullish)
5) Sto - Broke above 20% and Bullish Crossover ( Bullish)
6) ADX - Weak momentum but bearish
7) Candle Stick - Formed Inverted hammer and rebound ( Bullish)

Conclusion
Entry Price - 2.55
Stop Loss - 2.37
Take Profit - 2.7 (R1) and 3.04 (R2)

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Affin formed a bullish Hammer

Observation
1) Trendline - Downtrend  ( Bearish)
2) Formed lower low - Bearish
3) MACD - Bearish and awaiting for 4R1G signal for bullish reversal
4) RSI - Oversold ( Bearish) and awaiting it to break 30% for bullish reversal
5) ADX - Bearish and momentum strong
6) Sto - Awaiting for Bullish Crossover
7) Candlestick - Formed a hammer at the 100ma Support ( Bullish)

Conclusion
If we see a white candle high chances it will fulfill the requirement for MACD, STO and RSI

Entry Price - 3.31
Stop Loss 3.2
Take Profit -  3.48 (R2) and 3.59 (R2)

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Stock Analysis Feb 28 week

Check this out Stock Analysis forecast on whether BULL or BEAR
Dow Jones, S&P 500 , Nasdaq, Oil, Gas, USD, Silver, Gold index







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Is Alam Back for good?

Observation
1)  Trend Line - Downtrend ( Bearish)
2) Formed Lower Low ( Bearish)
3) MACD - Bearish and formed at 4R1G signal ( Good time to buy ?)
4) RSI - Oversold at 14% ( Cheap bargain !! and now lets wait for the bullish breakout above 30%)
5) ADX - Average Momentum but Bearish
6) Sto - Bullish Crossover ( Bullish and Good time to buy ?)
7) Candlestick - Bullish Harami ( Bullish)
8) CCI - Going up (Bullish) and wait till it break above -100 point for bullish reversal

Conclusion
Strong indicator of bullish reversal but will be strong enough to break high?

Counter Trend Strategy
Entry Price - 1.02
Stop Loss - 0.95
Take Profit - 1.1 (R1) and 1.18 (R2) and 1.24 (R3)

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SP SETIA - is it the time to buy?

Is it the time to buy SPSETIA ( Number 1 in properties) and has SPSETIA went down the lowest and stop bleeding. Is it the time to wake up and fly !!

Observation
1) Trendline  - Downtrend ( Bearish)
2) HH - Formed Lower Low at 5.73 ( Bearish)
3) MACD - Bearish and let wait for the 4R1G signal to enter
4) RSI - Oversold Region ( Bearish) and waiting for it to break above 30% to buy again
5) ADX - Low Momentum and Bearish
6) Sto - Awaiting for Bullish Crossover ( Awaiting confirmation)
7) Candle Stick - Spinning top. ( Awaiting for confirmation)

Conclusion
Entry Price - 5.98
Stop Loss - 5.72
Take Profit - 6.12 (R1), 6.2 (R2) and 6.27 (3)

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MUHIBAH

Observation
1) Trendline - Downtrend (Bearish)
2) Formed Lower Low ( Bearish)
3) MACD - Bearish
4) RSI - Below Oversold Region (Bearish) and wait for the signal to break 30% for bullish reversal
5) Sto - Bullish Crossover ( Bullish)
6) ADX - Strong Momentum and Bearish
7) Candlestick - Bullish Harami ( Bullish)

Conclusion
Counter Trend Strategy
Entry Price - 1.54
Stop Loss -1.45
Take Proft - 1.63(R1) and 1.93 (R2)

RRR Factor
a ) 1.63 (R1)
RRR = 1.29

b) 1.93 (R2)
RRR = 5.57

Finance Sector ..

Observation
1) Trendline - Downtrend ( Bearish)
2) HH - Formed Lower High but not yet formed lower low
3) MACD - Bearish but Histrogram is going up ( Bullish Divergence)
4) RSI - Bearish but Bullish Divergence
5) ADX - Momentum Weak and Bearish
6) Sto - Bearish but Bullish Divergence

Conclusion
Entry Price - 13625 ( For Bullish Harami)
Stop Loss - 13500
Take Profit - 13830 (R1) ,13915 (R2) and 14061 (R3)

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KLSE , why it did not go up even all the regional when up..

Currently many people capital are slowly depreciating like the picture of the ice cube slowly melting away...

Observation
1) Trendline - Downtrend ( Bearish) and supported by the Gap Support between 1492 ~ 1485
2) HH - Formed a lower low ( Bearish)
3) MACD - Bearish but the Histrogram Retracing up ( good sign) and let wait for the 4R1G signal to buy in again.
4) RSI - Retracing toward 30% ( Bearish) and if rebound at the 30% ( Good buying signal)
5) ADX - Good momentum but bearish
6) Sto - Retracing towards 20% ( Bearish)
7) Candlestick - Matching Low  ( Bullish)

Pattern: reversal Reliability: high

Identification
A long black day is followed by another black day with equivalent closes both days. The Psychology
In a downtrend or during a pullback within an uptrend, a long black day occurs signaling the bears being in control. The stock gaps up the next day but then sells off to close at the same level as the previous day. The more times a stock can successfully test and hold a low, the higher the chance a reversal will occur once the seller become exhausted. Strength the following day with volume would confirm the pattern.
Refer to www.leavittbrothers.com


Conclusion
Entry Price - 1503 ( Bullish Harami above the midline of the Black Candlestick)
Stop Loss - 1483 ( Below the Gap support)
Take Profit - 1509 (R1) , 1521 (R2), 1531 (R3)

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Dow got a white candle after a bullish Reversal

Hmm, it seems i was right about the Dow Jones rebound after the Bullish Hammer was form (Refer to the previous posting i have made). Let observed for the next week performance

Observation
1) Trendline - Above the Uptrend Line - (Bullish)
2) HH - Formed a Higher Low ( Bullish)
3) MACD - Retracing Bearish and let wait for a good entry signal at 4R1G
4) RSI - Rebound at 50% ( Weak Bullish Signal)
5) ADX - Momentum Strong but Bearish
6) Sto - Signal rebounded at 20% ( Bullish)

Conclusion
For Futures Long..
Entry Price - 12175
Stop Loss - 11983
Take Profit - 12341(R1) and 12607 (R2)

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DRBHICOM forming double top..

Observation
1) Trend Line - Downtrend Line (Bearish) and let wait for the the breakout to accumulate
2) HH - Formed Lower Low ( Bearish)
3) MACD - Bearish Crossover (Bearish) and let wait for 4R1G on  the next 3 days ( Wednesday - 2 March)
4) RSI - Testing the support at 50% and retracing ( Bearish)
5) ADX - Weak momentum and the Bull and Bear are fighting.. (Waiting for confirmation)
6) Pattern - Formed a weak double top and retracing ( Bearish)
7) Candlestick - Formed a weak Doji Harami below the midline of the black candle stick ( Waiting for confirmation)

Conclusion
This time there will be 2 entry price

1) Risky Entry Price
Entry Price - 1.93 ( Once this rebound from the 1.89 support with MACD signal 4R1G)
Stop Loss - 1.86
Take Profit  - 2.02 (R1) and 2.19 (R2)

Risk and Reward Ration (3R)
a) Based on 2.02 (R1)
3R = 1.29  - Average Reward

b) Based on 2.19 (R2)
3R = 3.71  Good Reward


2) Safe Entry Price
Let wait until it break up above the black candle stick for Bullish Harami Confirmation
Entry Price - 2.11
Stop Loss - 2
Take Profit - 2.19 (R1) and 2.27 (R2)

Risk and Reward Ration (3R)
a) Based on 2.19 (R1)
3R = 0.73 ( Not good reward * Reject) Must be above 1 then only is good 1 to 1 odds


b) Based on 2.27 (R2)
3R =1.45 ( Normal Reward)


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Joining tomorrow Chartnexus Trader Club Meeting

Tomorrow i will be attend this Chart Nexus Trader Club and let scout for more information on the traders and Trainers View on the Market Next week.. It is a very important part to understand what is the majority people perspective about the market trend and under the psychological value of the market too..

Hope to see other members there..

UEMLAND - Is it a good time to reenter again?

This counter was one of my big earners in my portfolio especially on the warrant UEMLAND-CE.. Now it is back cheap again waiting to be accumulated



Observation
1) Trend Line - Sideways
2) HH - Still maintaining above the higher low at 2.71 ( Bullish) and let wait for a rebound to reenter again
3) MACD - BEarish and let wait for the 4R1G signal to reenter
4) RSI - Broke below 50% and bearish..
5) ADX - Weak Momentum and bearish
6) Candlestick- Form a weak Harami

Conclusion
Entry Price - 2.84
Stop Loss 2.69
Take Profit = 3 (R1) and 3.18 (R2)

Will Dow Jones Rebound Tonight and continue the uptrend

Everybody is striving for an answer will our economy head for another recession (Double Dip)... My asnwer is do not panic and let monitor longer ..

Observation
1) Trendline - Still Uptrend ( Bullish) and formed a support hammer over the Uptrend Line.. Let monitor whether it will break lower or rebound..
2) HH - Formed higher high at 12389 and retrace ( Bullish)
3) MACD - Formed a bearish crossover ( Bearish) and let wait for a 4r1G for a bullish reversal
4) RSI - Broke below 70% and now at 50%.. If break below Bearish and rebound again bullish reversal
5) ADX - Momentum strong and bearish
6) Candle stick = Bullish Hammer

Conclusion
If rebound then continue to bull but if break below 11817 ( Bearish - Downtrend)

Wow.. KLSE drop 20% points... Forming a lower low... What happen??

Yesterday KLSE was a disaster and yet i was not able to view and update my blog as i was in a party the whole night until 1am.... Everybody was worrying what will happen to KLSE and i was happily enjoying myself..

Observation
1) Trend Line - Downtrend ( Bearish)
2) HH - Formed lower low by breaking the support at 1493 (Bearish)
3) MACD - Formed 4G1R ( Indication of Bearish and see if today whether is there any continuation patter) and
4) Bollinger Band - Support by the lower band.. ( Bearish) and let just monitor whether it will rebound or still goes down.. It need to break above the 20ma (1520 points) to counter this downtrend
5) RSI - Retracing toward 30% and if break below this will show a bearish indication.
6) ADX - Above average momentum and Bearish.

Conclusion
KLSE is currently in downtrend due to global temporary correction due to Middle East Crisis...

Support = 1477

For a reversal to happen
- Need to break above the 20 MA at 1520 points
- Form a higher high at 1531

Just do not panic in this type of situation and let monitor more. If break below 1477 then only we start panic and cut loss :)

IJMLAND Dangerzone

Observation
1) Trendline - Sideways
2) HH - Formed lower high ( Bearish) and retrace
3) MACD-  Bearish and now almost reaching to the Bearish Crossover ( Danger Zone for Free Fall)
4) RSI - Broke below 70% (Bearish) and now testing the 50%..
5) ADX - Strong Momentum and Bearish. ( if fall down.. it will fall very fast with high momentum)

Conclusion
Entry Price - 2.89 ( Attack if there is a rebound with Harami Attack)
Stop Loss - 2.73 ( S1) and 2.65 (S2)
Take Profit - 2.95 (R1) and 3.02 (R2) but this profit is too small and risky..


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There is still hope for DRBHICOME

Today it formed a Bullish Attack - Engulfing which is a good (refer to this link from leavittbrothers.com)

Pattern: reversal
Reliability: moderate

Identification
A black day is completely “engulfed” by a large white day that gaps below the black day’s low and rallies to close above its high. The Psychology
In a downtrend or within a pullback of an uptrend, the gap down may be the blow out that causes the bulls to throw in the towel. When selling abates, bottom fishers and shorts rally the stock to close above the previous day’s high. The bullish Engulfing pattern is very common…literally dozens occur every day and many are just incidental. Watch volume for confirmation.

Dialog - Will it formed a higher low and rebound super high!!

Observation
1) Trendline - Uptrend - Bullish
2) HH - Formed higher high ( Shooting Star) and retrace.. Let hope it will formed a higher low and rebound again testing new higher high.. ( Bullish)
3) MACD - Still slightly bullish
4) RSI - Horizontal and let wait for it to break above 70% for bullish breakout
5) ADX - Normal Momentum and Bullish

Conclusion
Entry Price - 2.31
Stop Loss - 2.15
Take Profit - 2.42 (R1) and 2.5 (R2)

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Who wants RED PACKET ...

OMG this is more like RED PACKET to me

Observation
1) Trend line - Downtrend ( Bearish)
2) HH - Formed lower low ( Bearish)
3) MACD - BEarish
4) RSI - Bearish and testing the 30%.. If break below super bearish
5) ADX - Weak momentum and bearish

Conclusion
Watchout for the next support at 0.67 (S1) and 0.62 (S2)

BIMB broke the support line and free fall .. Expected 12% loss

Observation
1) Trend line - Downtrend ( Bearish)
2) HH - Formed lower low ( Bearish) and broke the support at 1.38
3) MACD - Bearish
4) RSI - Now at 32% and if break lower it will be a super bearish
5) ADX - Very weak momentum and bearish

Conclusion
Broke the support at 1.38 and the next support at 1.19 ( 12.3% losses)... Let hope there might be a pull back with a Harami Attack and close at 1.41 to counter this downtrend..

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ALAM broke the support line and going further down..

Observation
1) Trend line - Downtrend ( Bearish)
2) HH - forming Lower low ( Bearish)
3) MACD - Still bearish and waiting for a 4R1G signal for bullish attack
4) RSI - Testing the 30% and waiting for a rebound for bullish attack
5) ADX - Low momentum and bearish

Conclusion
This counter is still downtrend mode .. and let hope for a rebound since Oil Price went up a lot

Entry Price - 1.06 ( Bullish Harami)
Stop Loss - 0.97
Take Profit - 1.12 (R1) , 1.18(R2) and 1.24 (R3)

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WCT Forming a hammer - Bullish Reversal

Has WCT stop the downtrend and hit the support line? Many of the project in Middle East have been impacted due to the Middle East Crisis... will this impact WCT to drop further?


Observation
1) Trend line - Downtrend - Bearish
2) HH - Formed Lower Low - Bearish
3) MACD - All reds histogram and red signal above blue signal ( Bearish) and let wait for a rebound with 4R1G signal
4) RSI - Retrace all the way to 31% ( Bearish) and this is the crucial point whether it can rebound with the impact of the Hammer Candlestick
5) Candlestick - Form a nice candlestick today ( Potential Bullish Reversal)
6) ADX - Weak momentum and Bearish

Conclusion
This counter is still downtrend and we might able to get some profit from the rebound..

Counter Trend strategy
Entry Price - 3.16 ( MACD 4R1G and RSI rebound from 30%)
Stop Loss Price - 3.08
Take Profit - 3.31 (R1) and 3.43(R2)

Remember this counter trend is very risky to gain profit from a downtrend counter.

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Uemland went down..

 

Observation

1) Trend line - Uptrend ( Bullish)

2) HH - Formed higher high at 3.07 and retrace after forming shooting star.. and now testing the higher low at 2.71..

3) MACD - Formed 4G2R ( Bearish)

4) RSI - Broke below 70% ( Bearish)

5) ADX - Weak Momentum and Bearish

Conclusion.

We need to becareful since it has formed a shooting star and retrace downwards.. As long it rebound from the support line of the higher low it will be still a uptrend

Entry Price - 3.1

Stop Loss - 2.69 

Take Profit  -3.18 and 3.41

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Stock Market Analysis Youtube Next Week Feb 21

Watch this

Kian Joo hits the Entry Price at 1.89

Observation
1) Trend Line - Uptrend ( Bullish)
2) HH - Form a higher high ( Bullish)
3) MACD - Bullish
4)RSI -  At 85% super bull
5) ADX - Strong Momentum and bullish

Conclusion
Wow once break the entry price it keep going up.. Hopefully to see more bullish tomorrow till next few week in this counter

Entry Price - 1.89

Stop Loss - 1.78

Take Profit - 1.99 (R1) and 2.11 (R2)

ANN JOO rebound...

Ann Joo Rebounded after forming 4R1G on last Friday 18 Feb with a good continuation pattern today for further
bullish attack

Obersevation
1) Trendline - Sideways
2) HH - Formed Higher low at 2.9 ( Bullish)
3) MACD - 4R1G (Bullish Reversal) and waiting for Bullish Crossover for Bullish Outbreak
4) RSI - At 64% and with tomorrow continue with White Candle potential breaking the 70% which will be another Bullish Outbreak indication
5) ADX - Low momentum and bullish

Conclusion
Entry Price - 3.05
Stop Loss - 2.9
Take Profit - 3.15 (R1) and 3.26 (R2)

TCHONG looks like in deep trouble

Observation
1) Trend Line - Downtrend ( Bearish
2) HH - Formed lower high at 5.19 and retracing ( Bearish)
3) Pattern - Descending Triangle ( Extreme Bearish)
4) MACD - Slightly Bullish ..
5) RSI - up to 56% and going up.. ( Bullish)
6) ADX - Low momentum and bullish

Conclusion
Entry Price - 5.3 with high volume
Stop Loss - 4.96  ( Beware of descending triangle)
Profit Taking - 5.45 (R1) and 5.75 (R2)

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MRCB - Slowly forming ascending triangle

Observation
1) Trendline - Uptrend - Bullish
2) HH - Formed higher low at 2.14 and going up ( Bullish)
3) Pattern - Slowly forming a ascending triangle. Break above 2.41 with high volume it will be a bullish breakout. until 2.81 ( 20%)
4) MACD - Bullish Crossover ( Bullish)
5) RSI - Broke above 70% ( Bullish)
6) ADX - Weak Momentum and bullish

Conclusion
Entry Price - 2.42 with high volume above 5 Million Shares or 50000 lots
Stop Loss - 2.25
Take Profit 2.5 (R1) and 2.81 (R2) and 3.34 (R3)


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AMMB - Rebounded .

Observation
1) Trendline - Broke below the Uptrend Line (Bearish)
2) HH - Formed lower low at 5.99 ( Bearish)
3) Candle Stick- Formed hammer on 11 Feb ( Bullish Reversal)
4) MACD - Waiting for Bullish Crossover to confirm bullish continuation
5) RSI - Now at 29% and tomorrow another white candle will break 30% to confirm bullish contiuation
6) ADX - Strong momentum but bearish

Conclusion
Remain to hold this counter..

Stop Loss at 5.95
Take Profit at - 6.66 (R1) , 7.08 (R2) and 7.19 (R3)

In addition, we observed a Gap Resistance between 6.37 to 6.45. It need to break this before going upwards to 6.66


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CIMB the top pusher of KLSE and Finance.. Still Laggard

Observation
1) Trend Line - Touching the Downtrend line and by Breaking above the gap down at 8.37 there will be a bullish reversal
2) HH- Formed lower low at 8.05 ( Bearish) but rebound..Waiting to break above 8.46 to have a confirm bullish reversal
3) MACD - Still bearish but the bullish crossover it is getting nearer. ( Bearish)
4) RSI - Broke the 30% on 14 Feb and going up ( Bullish)
5) ADX - Weak Momentum and bearish

Conclusion
Even though we saw the CIMB rebound but to be on the safe side.. Let observed longer

Entry Price - 8.4 (Risky)
                    8.48 (Safe)
Stop Loss - 8.04
Take Profit - 9 (R1) and 9.17 (R2)


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Finance Sector Rebound

Lets continue to analyst the finance sector because for any stock market rebound we need the finance sector as the support to follow the market to rebound..

Watch closely on how Finance and Trading Service Sector are trailing the KLSE index closely. With the rebound on KLSE, Finance and Trading Service Sector also follow and rebound..

Observation
1) Trend Line - Broke down the Uptrend but rebound back to the positive region ( Bullish)
2) HH - Formed a lower low at 13506 ( Bearish) but this sector rebounded up
3) MACD - Still in bearish condition but the blue signal is closing up the red signal for a bullish crossover
4) RSI - Broke above 30% on 17 Feb and going up ( Bullish)
5) ADX - Average Momentum but bearish

Condition
We need to observed more on the Finance sector because we will never know whether there will be any U Turn again to formed a lower higher before the 14090..

Entry Price - 13960 ( Risky)
                     14100 ( Safe)

Stop loss - 13810 (S1) and 13570(S2)
Take Profit - 14272 (R1) and 14382 (R2)



Let review the performance of the top banks

Ranking
1) AFFIN
2) PBBANK
3) HLBANK
4) RHBCAP
5) CIMB
6) MAYBANK
7) AMMB


Let observed AMMB, MAYBANK and CIMB the laggard counter


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Petra.. Inverted Hammer detected with MACD 4R1G.

Observation
1) Trend Line - Downtrend ( Bearish)
2) HH - Formed a small higher low at 1.11 on Feb 16 ( Bullish)
3) MACD - Formed 4R1G ( Start of bullish)
4) RSI - Broke 50% and now at 59%  ( Bullish)
5) ADX - Weak momentum and bullish

Conclusion
Look tempting to go and buy cheap price but to be safe let observe longer.

Entry Price - 1.2 ( Increased to narrower earning due to downtrend)
Stop loss - 1.08
Take Profit - 1.29 (R1) and 1.36 (R2)


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Most of the O/G counter are bullish but why Alam is left out?

Observation
1) Trendline - Downtrend ( Bearish)
2) HH - Formed lower low at 1.04 ( Bearish)
3) MACD - Bearish and waiting 4R1G signal on Monday if it close above 1.12 to reflect a green signal
4) RSI - Rise from 37% to 42% ( Slightly bullish)
5) ADX - Momentum weak and Bearish
6) Candle Stick - Formed a Harami Cross and need to have a white candle on Monday for Bullish Attack

Conclusion
Do not go into this bearish counter eventhough it is cheap and wait for a clear picture before going in. Remember Technical Analyse is to approach counter with high possibility to bullish rather than collect cheap waterfall stock which could turn out to be deadly like catching a falling knife.

Entry Price - 1.13 ( Formed 4R1G and Bullish Harami)
Stop Loss 1.02
Take Profit 1.25 (10.6%)

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KENCANA formed spinning top.. Up or down?

Obersvation
1) Trend Line - Uptrend ( Bullish)
2) HH - Formed Higher Low  at 2.44 on 11 Feb ( Bullish)
3) Candlestick - Formed Spinning top ( Indecisive whether bull or bear)
4) MACD - Still Bearish and awaiting for Crossover ( Bearish)
5) RSI - Going up to 62% and broke the 50% on 17 Feb ( Bullish)
6) ADX - Momentum weak and bullish

Conclusion
New Entry Price = 2.7 for those who did not enter at 2.58
Stop Loss at = Trailing Stop Loss at 2.48
Take Profit at 2.67 (R1) - 50%  and  2.96 (R2) the rest...

OIL and GAS sector broke the Symmetrical Triangle

Oil and Gas Sector is on the bullish run

Obersevation
1) Trendline - Short Term Uptrend (Bullish)
2) HH - Broke the previous higher high (Bullish)
3) Pattern - Broke upwards from the symmetrical triangle ( Bullish)
4) MACD - Signal Kissing and awaiting for crossover for bullish attack
5) RSI - Now at 69% and breaking above 70% it will be bullish attack
6) ADX - Average Momentum with bullish

Conclusion
This Sector will continue to bullish as long it remain above the support
Support at 56.74
Resistance at 58.65

Ranking
1) Dialog - Top Leader King of O/G
2) KNM
3) MHB
4) SAPCRES
5) PETRA - Laggards
6) KENCANA - Laggard
7) ALAM  - Crash of course.. ( BEWARE!!)


Let look at at this counter KENCANA, PETRA and SAPCRES

KLSE will it formed lower high or higher high?

Yesterday KLSE close slightly higher at 1517.56 ( 18 Feb) with lower volume at 1.5B. Will KLSE formed a higher higher above the previous high at 1544?

Observation
1) Trend Line - Broke the short term downtrend line - (Bullish)
2) HH - Formed lower high at 1494 ( Bearish)
3) Candlestick - Formed a harami attack on 14 Feb ( Potential Bullish Reversal)
4) MACD - Green Histrogram going up.. and awaiting for 0 Crossover and Signal Crossover ( Awaiting for confirmation)
5) RSI - Broke the 30% on 16 Feb ( Bullish)
6) ADX - Good momentum but bearish

Conclusion
Support - 1509 (S1) and 1493 (S2)
Resistance - 1521 (R1) and 1531(R2)

If form Higher high and with MACD have crossover. This will indicate the start of Extreme Bull Run


Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)
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My 2011 Portfolio 18 Feb

Hope that Market Sentiment Continues to grow :)

My Mistake

1) Bought Kencana - CD at too high price because KENCANA take profit at R1 = 2.67 and R2 = 2.96


Kencana CD
Take Profit at (2.67-1.5)/3 = 0.39  -- I suggest sell 50% for cash ( Iayah buy wrongly)  too little profit
                     (2.96-1.5)/3 = 0.48  ---- Sell all..

Should have bought Kencana CC at lower premium...


2) Did not buy AMMB, Dialog and Mudajaya which we have spotted the Entry Price..           

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