KLSE Technical Analysis
HOVID (7213.KL): Forming Pennant and Ready to break up !!!
Hovid after breakaway from reversal head and shoulder, it was consolidated for 3 days and formed a pennat, this pennant pattern is typical bullish accumulation for the next move and breakaway from immediate resistance RM0.424 to 0.440/0.465/0.480
Cartoon below is the example of Pennant chart pattern for you reference and the target of the breakout is same lenght.
Chart below is Hovid Technical chart, we can see the pennant was formed right after flag pole candle, it is bullish implication
For Detail technical analysis, you may refer to the KLSE Technical analysis bog by clicking below
KLSE TECHNICAL ANALYSIS
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Discussions
1 person likes this. Showing 14 of 14 comments
Dear writer,
may I know is there any financial figures to back the 75% share price increase?
thanks....
2015-02-07 19:54
ｙｕｐ．．． ｏｒｅｇａｍｉ．．． ｒｅａｌｌｙ ｉｎｔｅｒｅｓｔｉｎｇ ｔｏ ｋｎｏｗ． Ｓｏ ｗｅ ｃａｎ ｔａｇ ａｌｏｎｇ ｔｏ ｅａｒｎ ｔｈｅ ｍｏｎｅｙ．
2015-02-07 21:10
previous quarter already break new high.. coming quarter should can do better then waiting to break new high~
2015-02-07 21:34
Hi SOP2...
I m as usual almost fine..... How are you? Happy New Year and Happy long holiday ahead
2015-02-08 00:21
hahaha...thanks for reading.... thanks for support all my jokes... wakakakka
no need to LIKE la... as long as got more than 1 reader I will write..
yes... will write more but not regularly..... got few counters in mind.... hope we can exchange info and learn together
2015-02-08 00:28
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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not agree this Pennant will work next Monday. I am seeing likely to pull back. If were to bullish it, it should be flag formation instead. Anyway, TA is not 100%
2015-02-07 12:06