FAtTA Value Growth Income Investing
[FAtTA （发达）] Stocks To Watch on 2/2/2016 - GADANG (9261), HEXZA (3298), OKA (7140), NTPM (5066)
GADANG (9261) was traded with supported by the uptrend line of the triangle pattern after rebounded from the low level of MYR2.03 of the correction period since 12/1/2016 from the all-new-high of level MYR2.58.
GADANG Daily Chart
Should GADANG trading breach above the downtrend line of the triangle pattern in the coming trading days, foresee the bull is coming back to lead GADANG to climb higher again.
An isolated island doji was formed on HEXZA (3298) with higher than average traded volume during the latest session ended.
HEXZA Daily Chart
From the price action that the doji formed in the latest session on HEXZA, the doji was situated outside far away from the lower Bollinger Band indicating some degree of oversold or over react on selling this stock.
Should HEXZA is trading breach above the downtrend line and the highest point of the doji of MYR0.86, the next and subsequent resistance level for HEXZA to test are MYR0.88 and MYR0.90, respectively.
OKA (7140) beached above the downtrend line in the latest session.
OKA Daily Line Chart
Besides the breached of the downtrend line, OKA also traded breakout above the upper ranging range of MYR0.89 but closed exactly on the downward sloping of 10-days Moving Average.
OKA Daily Candlestick Chart
Should OKA is trading higher with noticeable traded volume in the coming trading days, testing the MYR0.970 level should not be a problem for OKA.
NTPM (5066) tested and closed just nice at the downtrend line during the latest session ended.
NTPM Daily Line Chart
Should NTPM trading break above the downtrend line, the bull will return back for NTPM.
Good luck and happy trading!
Disclaimer:
All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.
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