FAtTA Value Growth Income Investing
[FAtTA （发达）] Technical Stocks To Watch on 3/3/2016 - NTPM (5066) & CHINWEL (5007)
NTPM (5066) was traded within the triangle pattern in the recent sessions until it successfully breached above and closed above the downtrend line of the triangle pattern as well with improved in traded volume and well supported by 10-days Moving Average line (middle Bollinger Band) during the latest session.
NTPM Daily Chart
Upside target on the successful breach is the all-time-high of MYR1.01.
CHINWEL (5007) is trading in consolidation mode within the triangle pattern in recent sessions and was resisted with 10-days Moving Average line (middle Bollinger Band).
CHINWEL Daily Chart
Should CHINWEL trading above the 10-days Moving Average line and able to breach above the downtrend line of the triangle pattern accompanied by noticeable increased in traded volume, foresee a changing of trend from consolidation to uptrend could taken into place.
Good luck and happy trading!
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