Newbie Trading Channel Weekly Technical Analysis Stock Review
(9^th June 2019)

Market Overview

DOUBLE TOP of RM 4.20 USD TO MYR and it failed to breakout, might visit 4.140 area for the next support. Further down will be an advantage to attract the foreign investors to pump into our market

STOCKS TECHNICAL ANALYSIS

1) Scomnet (0001)

This is a chart for growing stock. Strong Fundamental and strong technical.

It is forming higher high with the Line as the rebound point. Immediate support is 0.920 now followed by 0.840. Standing above 0.920 will be moving toward 1.050

2) Myeg (0138)

Myeg - Clean and Neat chart.Well standing above 1.340.reaching 1.520 is just a time matter.

3) Frontkn (0128)

Eversince the Trade war changed to Tech War, this stock has experiencing a heavy selling force. It seems stable down with a support of 1.220 now. Further breaking down of this support will not be good for Frontkn. Current Resistant is 1.320. You may find entry around 1.230 1.2400 with 1.220 as your support

4) Econbhd (5253)

Econbhd today forming a gravestone signalling a retracement when hit the resistant at 0.690. However a breakout of 0.685 will change the fate of econbhd
 

5) Ekovest (8877)

Based on chart , 0.810 area is the resistant for ekovest. Failure to close above 0.810 today will be some retracement before going further
 

6) Mrcb (1651)

Cup and Handle pattern formed. currently is at the resistant , it might be breaking out next week as the candlestick formed on friday is legit and strong.

7) Bursa (1818)

Bursa is good now forming higher low candlestick may target 6.660 as your first target.
 

8) Tenaga (5347)

Tenaga is very bullish now breaking out of the major downtrend ..some retracement sign appeared on last friday candle
 

9) Johotin (7167)

1.330 is the support for this counter you may consider to topup here and 1.300 as your cutloss ... breaking this will visit 1.240 area

10) Humeind (5000)

After breakout from the 0.785 area this stock just keeps on moving higher and higher. currently 1.330 is the resistant ... breaking this can go further. However there is some signage of retracement for now

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Disclaimer: Mentioned stocks are just for research/educational purpose. No buy call or sell call are given here. Please seek advice from your remisier before your trade.