Mr Investor

Technical Analysis Review: Homeritz Corporation Berhad (5160) 15/10/2017

mrinvestor12
Publish date: Mon, 16 Oct 2017, 12:24 AM
Just some stock analysis of random companies. Hope my analysis can be a source of reference for investors!

www.mrinvestor12.com

Just a brief technical analysis review of this company:

Medium Term Trend Analysis:

Chart 1

 














 

 

 

 

 

 

 

The trend for this company seems decent. A healthy consolidation pattern with a bullish bias. Forming a base above RM 0.93. And price action has been trending above its 20-day exponential moving average.

Key support areas:
S1: RM 0.940
S2: RM 0.930 (Stop loss)
S3: RM 0.910 (Stop loss)

Key resistance areas:
R1: RM 0.965
R2: RM 0.975
R3: RM 1.000

Momentum indicators:
Both the MACD and the RSI have been holding up fairly well indicating consolidation.

Potential Entry point:
A good entry point (buy) to this counter would be at around the price range on RM 0.93 - RM 0.94. 

Potential Exit point:
Suggesting to exit at RM 0.98 and RM 0.99.

Risks:
Low trading volume. 
Appreciation of MYR against USD.
External factors.

Short term chart:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


If you want to FIND OUT MORE on the FUNDAMENTALS of this company check out my article  HERE.

Note: This is not a recommendation to buy or sell this stock by the writer. The writer owns shares in this company. The writer intends to share his view point on this stock's potential investment value, any decision to invest or sell shares in this company is entirely at the reader's own risk.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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