Wow this is what we found out what we are lacking around beside doing Technical Analysis based on myself. After chatting in our investment chatroom and based our forum we gain many reliable sources and also many more selective choices of stocks to monitor. Well what you can say, we need more eyes to monitor more that 300+ counter in KLSE.. Let analyze and discuss on of the top stock after round of discussion and determined that this stock could be another Leng Chai (Handsome) Stocks.
Observation
1) Trendline - Downtrend ( Bearish)
2) Formed lower low - ( Bearish)
3) MACD -Bear and Bull Hugging & kissing ( Undetermined)
4) RSI - Going down to 30% ( Bearish) let swait for it to rebound from 30% and buy
5) Sto - formed bearish crossover and broke below 20% (Bearish) lets wait for it to break above 20% and buy
6) ADX - weak momentum and bullish
7) Candle Stick - Formed a while candle after Dragon Doji( weak Bullish)
8) Volume Distribution - Buying pressure more in 1 and 5 day data . Hmm someone is slowly buying quitely (Bullish )
9) Rumour and News - Reliable source that it will be great news (Bullish).. Tune into our forum..
10) Chart Pattern - Symmetrical Triangle - Let hope it break out from 1.02 towards 1.34 ( Bullish)
3 Points
5 Points
Conclusion
Winner BULL
Symmetrical Triangle Detected
Entry Price 1.04
Take Profit at 1.14, 1.19 ,1.26 and 1.34
Support at 0.98
Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks)
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