Positive Trade.

Trading Levels (Technical Analysis)

Foresight123
Publish date: Wed, 27 Aug 2014, 12:59 AM
Disclaimer: All data and information provided on this article and blog is for informational purposes only. I make no representations as to completeness of information and will not be held liable for any losses.

Please visit my blog at http://positivetrade.blogspot.com/ for more interesting updates

BENALEC HOLDINGS BERHAD

                                                   (Source: tradesignum.com)

After yesterday's huge selloff due to poor earnings, the RM0.90 support level is likely to be tested. This level could be a good level for a scalp trade (a quick intraday trade made for a 1/1.5 cent gain , just a tiny bounce).
Should the RM0.90 level be broken, the strong support at RM 0.84 is likely to be tested again.

 

 

MEDIA PRIMA BERHAD

                                                  (source: tradesignum.com)

This counter  faced selling pressure in the recent weeks due to lack of catalysts and weaker results.
Therefore, a strong support level lies at RM2.08. This setup is a good swing trade. 
However, should this support be broken, i recommend a stop loss order to be placed slightly below RM 2.00
 

 

SUPERMAX CORPORATION BERHAD

                                                   (source: tradesignum.com)

Supermax might face some selling pressure today as earnings dipped this quarter.
However, a strong support is noted at the  RM2.10 level, backed by a strong trendline. 
This could be a good scalp trade should this counter be oversold.
Despite having said that, a stop loss order should be placed slightly below the 2.00 mark.

 

These trade setups are suitable for swing trades (a trade setup to capture a trend of a stock for a period of 1-30 days) and intraday trades. Profits should be taken quickly as selling pressure might persist.

 

Note : Trade at your own risk.
Stop loss are recommended to protect traders from excessive risks.

 

Discussions
1 person likes this. Showing 1 of 1 comments

Foresight123

Congratz to those who bought Benalec at RM0.905 :)
The queue was too long at RM0.90.

2014-08-27 13:30

Post a Comment