The counter slowly rebounded from its three years low ~ 1.9 last week. Downtrend could have paused here. Shall it continue to range bounce, 2.1 could be its immediate resistance. Current price might be good entry. Shall 1.9 be broken with strong volume, downtrend would resume.
Saturday, December 30, 2017
Friday, December 22, 2017
Chart[72] - Japfa
The counter saw price rebounding with significant volume on last trading day. On daily chart below, it has broken resistance 0.49, and next resistance is around 0.525. Looking into weekly chart, it is potentially taking u-turn from recent downfall. Strong resistance is 0.6. Volume on subsequent days will be critical.
Friday, December 8, 2017
Chart[70] - Golden Energy
The counter saw strong buying volume on last trading day. Price rebounded from one month downfall. 0.365 proved to be strong support. Shall buying interest continue, next resistance could be 0.42 followed by 0.475.
Friday, December 1, 2017
Chart[69] - ThaiBev
Saturday, November 18, 2017
Chart[68] - Wheelock
The counter formed triple top break up on early October. ~ 1.91 formed new support for the trend. Recent downfall was not in high volume, so it could be short term correction. Since price has been hovering around support, entry opportunity could be now.
Friday, November 10, 2017
Chart[67] - M1
The counter has been bouncing between 1.77 to 1.84 for past three months. Market might have absorbed most negative prospective factors for the telco counter. Looking into bullish break up from its peer, Starhub, similar break up might happen on M1 as well. Last Thursday saw relatively strong buying volume. Similar spike up happened before as well. Shall price break up from 1.84 with decisive volume, it could head towards 1.9. There is a trading gap from 1.96 to 2.04, which might be your most ambitious target.
Friday, November 3, 2017
Chart[66] - Sheng Siong
The counter saw rising buying interest upon latest earning results release. On last trading day, price paused at resistance 0.96. Shall it be broken, next resistance range could be 0.99 to 1.005.
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