Mudajaya testing resistance

Mudajaya testing resistance

Trend - Moving in between line of 2.83 and 2.52 ( Sideway)
- Having 2 same higher high at 2.83 resistance ( if fail to break it again this might the a double peak)
- Candlestick - Showing bullish piercing ( Bullish)
MACD- 4R1G ( Bullish)
Sto - Bearish Crossover and testing the 50% support
RSI - Broke below and declining to 50% ( Bearish)


Entry Price at 2.85
Stop loss at 2.52
Take Profit at 3.03

Mudajaya testing support line

Hope that everybody profit from this counter at the previous buy call at 2.95 :) and those who miss it, there is a second chance for this counter

1) Uptrend mode - Testing the uptrend line and if break below the uptrend line/ support line which is at 2.95 then we might see a reverse effect to retrace bearishly
2) Higher high and now waiting for the higher low confirmation
3) MACD - Bearish Crossover and waiting for the 4R1G signal to go in.
4) RSI - Retracing and formed a lower high ( Bearish)
5) STO - Bearish and broke below 50%


Previous Call
Entry Price at 3.1
Stop loss at 3
Take Profit at 3.32

New Call
Entry Price at 3.
Stop loss at 3
Take Profit at 3.28

MUDAJAYA - Flying up up and away

This counter successfully broke the 3.08 resistance.

New support line at 3.08 and new resistance at 3.32

MUDAJAYA

1) Testing the upper Bollinger Band 3.02 and rebound back to to 2.98, ( Bearish)

2) MACD - Still green and awaiting for Bullish Crossover
3) RSI - Hovering above 50%
4) Sto - Broke above 50% and still bullish crossover

Previous 
Entry at 2.9
Stop loss at 2.8
Take Profit at 3.08 and 3.32


Next
Entry Price at 3.1
Stop loss at 3
Take Profit at 3.32

Mudajaya still on the bull run

This counter is rock solid. During the KLSE down, this counter still can maintain steadily and this counter is strong in its FA too.

1)  MACD - 4G and going for bullish crossover
2) RSI - above 50 % ( Bullish)
3) STO - Broke above 50% ( Bullish)

4) VOlume distribution = High buying Pressure ( Bullish)


Remember to take some profit at 3.08 and 3.32
Next Entry Price at 3.1
Stop loss at 2.89

Mudajaya on the big Bull..

1) Gapping up with undetermined top
2) MACD still green and bullish
3) RSI broke above 50%
4) Sto broke above 20%

MUDAJAYA still on the Go for Big Bullish

This counter is quite promising among the Construction Sector

Closed above the 20d Ma resistance ( Bullish) with high volume
MACD - 4R2G ( Good continuation of bullish attack)
Sto - Bullish Crossover ( Bullish)
RSI - Broke above 50% ( Bullish)
Volume Distribution - Strong Buying Pressure ( Bullish)

Entry at 2.9
Stop loss at 2.8
Take Profit at 3.08 and 3.32

Dont Miss great oppurtinity 

MUDAJAYA

Trendline - Uptrend
MACD - 4R1G ( Bullish)
RSI - Broke above 50% ( Bullish)
Stoc - About to form bullish crossover

Volume Distribution - Buying Pressure is high ( Bullish)


Entry at 2.9
Stop loss at 2.8
Take Profit at 3.08 and 3.32

Mudajaya - Warning possible descending triangle breakout!!

Do not say we did not warn about the descending triangle.
 Please be cautious and follow the stop loss..

Observation
1) Trendline - Downtrend Bearish
2) Formed lower low- Bearish
3) MACD - Below 0 and bearish crossover( bearish )
4) RSI -broke below above 50%  and testing 30%( Bearish)
5) Sto - Bullish crossover  and broke above 20% ( bullish )
6) ADX - weak momentum and bearish
7) Candle Stick - shooting star ( Bearish) Refer to What is shooting star
8) Pattern - Descending Triangle ( Bearish)
9) Volume Distribution - Investor are panic and throwing this stock.. Why not you?

Conclusion
Already broke 4.48 support and close at 4.47. If tomorrow high volume and going down, better scram!!!

Run away Price 4.48
Support at 4.2 and 3.72

Mudajaya - Descending Triangle Reached Free Falling Start...

I hope everybody is able to run as fast as you can  if you may be like the person below

Run run!!!!

 

                                                             Too bad run too slow... OUch!!!

No recovery!!!

Observation
1) Trendline - Downtrend Bearish
2) Formed lower low- Bearish
3) MACD - Below 0 and bearish crossover( bearish )
4) RSI -broke below above 50% ( Bearish)
5) Sto - Bearish crossover  and deep dive below 20% ( Bearish )
6) ADX - weak momentum and bearish
7) Candle Stick -  Bearish Gravestone Doji ( Bearish) Refer to What is gravestone Doji
8) Pattern - Descending Triangle ( Bearish)

Conclusion
Already broke 4.48 support and close at 4.47. If tomorrow high volume and going down, better scram!!!

Run away Price 4.48
Support at 4.2 and 3.72

Mudajaya - Descending Triangle Detected

Observation
1) Trendline - Downtrend Bearish
2) Formed lower low- Bearish
3) MACD - Below 0 and kissing ( Awaiting confirmation )
4) RSI -broke below above 50% ( Bearish)
5) Sto - Bearish crossover ( Bearish )
6) ADX - weak momentum and bearish
7) Candle Stick -  Bearish Gravestone Doji ( Bearish) Refer to What is gravestone Doji
8) Pattern - Descending Triangle ( Bearish)

Conclusion
The Chart Pattern is showing negative but there was a good news at theedgemalaysia that they won a RM720 subcon contract.  THE EDGE

Entry Price 4.72
Resistance at 4.8   & 5.14
Support at 4.48

MUDAJAYA

Another Construction Company..


Mention by TKK that this have a double bottom breakout.. True but not a very beautiful one..and the break out was at 4.63 with high volume

As for the double top is it a weak one within 3 week duration and it need to break below with high volume for confirmation.

Observation
1) Trendline - Broke the Uptrend Line and going sideways ( Slightly bearish)
2) HH - Formed a lower low at 4.91 ( Bearish) and testing the support at 4.9
3) Pattern - Double Top Pattern ( waiting for confirmation to break below 4.69 with high volume)
4) Candlestick - Weak harami and need to have another white Candle to confirm a strong harami for bullish Reversal)
5) MACD - Bearish but 4R1G ( Potential Bullish Reversal)
6) RSI - Broke the 50% and now is at 52% ( Bullish)
7) ADX - Good momentum and bullish


Conclusion,
Need to wait for confirmation whether it will go up or goes down tomorrow.

Entry Price - 5.1
Stop Loss - 4.8 (S1) and 4.65(S2)
Take Profit = 5.25 (R1) and 5.43 (R2)