On Our Technical Watch
|
|
- Robyn Sanders
- 5 years ago
- Views:
Transcription
1 By the Kenanga Research Team l research@kenanga.com.my Figure 1: Daily Charting FBMKLCI Basic Data 52-week High 1, (in Million) 52-week Low 1, KLCI Vol Current Level 1, Bursa Vol Intraday High 1, Bursa Val Intraday Low 1, Technical Ratings Resistance 2 1,750 MACD Bearish Resistance 1 1,740 RSI (14) Bearish Current Level 1, Stochastic Bearish Support 1 1,727 Support 2 1,713 Outlook Bearish Bias is still on the downside The FBMKLCI kicked off the week on the black, climbing 2.94 points (0.17%) higher to close at 1, yesterday in tandem with the stronger Ringgit against the greenback at RM4.4035/USD. Nonetheless, market breadth was rather mixed with 456 advancers and 397 decliners. On the chart, the FBMKLCI is still on a downtrend pattern capped below the 1,740 (R1) mark. MACD line and daily RSI are still trending bearishly to lay a hand on the negative-bias outlook ahead. Thus, we continue to view that the FBMKLCI will trade on a lacklustre note this week, where support levels are found at 1,727 (S1)/1,713 (S2). Overhead resistance is capped at 1,740 (R1)/1,750 (R2). Wall Street up as tensions ease, earnings in view Overnight on Wall Street, stocks took a positive turn as a weekend filled with geopolitical concerns ended more calmly than expected and as investors took an upbeat outlook to the first full week of the earnings season. At market close, the DJIA was points (0.90%) higher at 20, Chart-wise, the DJIA had formed a white-bodied candlestick with no shadow, reflecting the sustained bullish mood through-out the day. Nevertheless, the key indicators remain in a negative territory. For instance, the MACD is still below the Zero-line, while the RSI and Stochastic indicators are below the 50-point mark. Unless and until the DJIA breaks above the 20-day SMA/ consolidation phase in a decisive manner, expect bias to remain on the downside. Resistance levels are 20,840 (R1) and 21,200 (R2) while support levels are 20,352 (S1) and 20,172 (S2). Daily technical highlights - (JHM, ANZO) JHM (Not Rated). JHM has been retracing from its all-time high level of RM4.45 over the past week on profit taking, after it underwent a strong rally since March Nonetheless, the stock has garnered investors' interest again yesterday after news reported that its diversification into the LED lighting is bearing results. As a result, the stock rebounded 43.0 sen (11.59%) to close at RM4.14 yesterday. Daily RSI and Stochastic have shown upticks to reflect the resurgence of buying interest, albeit on a m ilder tone (as showcased by the low trading volume) and both are still overbought at this juncture. Should there be follow-through buying interest, upside potential could be seen at RM4.45 (R1) followed by RM5.00 (R2) further up. Failure to ride on the reversal play will see the stock consolidate further, where support levels are spotted at RM3.60 (S1)/RM3.20 (S2). ANZO (Stopped RM0.465). Recall that we had previously issued a Trading Buy call on ANZO (report dated 13-April 2017), after the share price rallied to break out from its Bullish Pennant chart pattern. Nonetheless, the share price failed to follow through on the bullish trend as it faced heavy sell-down by investors yesterday, despite its recent announcement of a potential RM1.2b deal. The sell-down led the stock to tumble 19.5 sen (35.14%) to close at RM0.36, triggering our stop-loss level of RM0.465 yesterday. Thus, we are forced to cut our losses on the stock and will look out for any compelling re-entry again. PP7004/02/2013(031762) Page 1 of 5
2 Figure 2: Daily ChartinG Dow Jones Industrial Average Figure 3: Daily Charting JHM Consolidation Berhad (Not Rated) About the stock: Shariah Compliant : Yes Name : JHM Consolidation Berhad Bursa Code : JHM CAT Code : 0127 Market Cap : Week High/Low : 4.45/ m Avg. Daily Vol. : 838, Free Float (%) : 36.35% Beta vs. KLCI : 0.3 Key Support & Resistance Level Resistance : RM4.45 (R1) RM5.00 (R2) Support : RM3.60 (S1) RM3.20 (S2) Outlook : Neutral-Bullish What does the indicator says MACD : Bullish RSI : Overbought Stochastic : Overbought Trend : Bullish What should you do Current Share : RM4.10 Technical Target : - Technical Cut-loss : - Fundamental Call Kenanga : - Consensus : - PP7004/02/2013(031762) Page 2 of 5
3 Figure 4: Daily Charting Anzo Holdings Berhad (Stopped RM0.465) About the stock: Shariah Compliant : Yes Name : Anzo Holdings Berhad Bursa Code : ANZO CAT Code : 9342 Market Cap : Week High/Low : 0.63/ m Avg. Daily Vol. : 15,602, Free Float (%) : 69.30% Beta vs. KLCI : 1.5 Key Support & Resistance Level Resistance : RM0.45 (R1) RM0.49 (R2) Support : RM0.40 (S1) RM0.36 (S2) Outlook : Bearish What does the indicator says MACD : Bearish RSI : Bearish Stochastic : Bearish Trend : Bearish What should you do Current Share : RM0.425 Technical Target : - Technical Cut-loss : - Fundamental Call Kenanga : - Consensus : - This section is intentionally left blank. PP7004/02/2013(031762) Page 3 of 5
4 Unrealised Positions (April 2017) No CATS Code Stock Name Issued Date ID Dividend Gain/ Gain/ Target Stop- Upside Downside Reward/ Last Received Loss Potential Risk Risk Ratio Loss (incl. since ID Div.) Loss RM RM (%) (%) (x) RM RM RM (%) PRESS METAL BERHAD 13-Oct % 46.44% % BUY KESM INDUSTRIES BHD 11-Nov % -7.32% % BUY AWC BERHAD 28-Feb % -5.58% % BUY O&C RESOURCES BHD 16-Mar % -8.06% % BUY TA WIN HOLDINGS BHD 16-Mar % % % BUY D&O GREEN TECHNOLOGIES BHD 17-Mar % % % BUY MALAYSIA BUILDING SOCIETY 21-Mar % % % BUY TRC SYNERGY BHD 28-Mar % -6.09% % BUY Simple Average 25.45% -1.91% % *Tracker does not include Non-Rated positions Rating Comment/ Action TP upgraded to RM2.73, SL revised to RM2.28 Realised Positions (April 2017) No CATS Code Stock Name Issued Date Buy Intraday price since Buy Date change since Buy Date (%) Sell Date Sell Dividend Received since ID Gain/ Loss (incl. Div.) (H) (L) (H) (L) RM RM RM (%) VISDYNAMICS HOLDINGS BHD 14-Feb % -5.79% 6-Apr % Take Profit KELINGTON GROUP BHD 7-Mar % -1.08% 7-Apr % Take Profit ANZO HOLDINGS BHD 13-Apr % % 17-Apr % Stopped Out Gain/ Loss Rating Comment/ Action Simple Average 26.35% % 16.83% PP7004/02/2013(031762) Page 4 of 5
5 Continuation Patterns Reversal Patterns On Our Technical Watch Basic Technical Terms: Reversal Candlesticks Patterns Description Doji Dragonfly Doji (Bullish) Gravestone Doji (Bearish) Engulfing Pattern Hammer (Bullish) Shooting Star (Bearish) Inverted Hammer (Bullish) Hanging Man (Bearish) Harami Harami Cross Dojis form when a security's open and close are virtually equal. The length of the upper and lower shadows can vary, and the resulting candlestick looks like, either, a cross, inverted cross, or plus sign. Doji convey a sense of indecision or tug-of-war between buyers and sellers. A reversal pattern that can be bearish or bullish, depending upon whether it appears at the end of an uptrend (bearish engulfing pattern) or a downtrend (bullish engulfing pattern). The first day is characterized by a small body, followed by a day whose body completely engulfs the previous day's price action. Hammer candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intraday low. This appears in a downtrend. In contrast, the Shooting Star pattern appears in an uptrend. It opens higher, trades much higher, then closes near its open. It looks just like the Inverted Hammer except that it is bearish. The Inverted Hammer is a single-day bullish reversal pattern. In a downtrend, the open is lower, then it trades higher, but closes near its open price, therefore looking like an inverted lollipop. Hanging Man candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intraday low. The Harami is a two-day pattern that can be bullish or bearish. It has a small body day completely contained within the range of the previous body, and is the opposite colour. The Harami Cross is similar to the Harami. The difference is that the last day is a Doji. Marubozu A Marubozu candlestick has no shadow extending from the body at either the open, the close or at both. Morning Doji Star (Bullish) Evening Doji Star (Bearish) Spinning Top A Morning Doji Star (Evening Doji Star) is a three-day candlestick bullish (bearish) reversal pattern - a long-bodied black (white) candle extending the current downtrend, a short middle candle that gapped down (up) on the open, and a long-bodied white candle that gapped up (down) on the open and closed above (below) the midpoint of the body of the first day. Spinning Tops are candlestick lines that have small bodies with upper and lower shadows that exceed the length of the body. They are similar to the Doji candlesticks, and signal indecision. Source: Various Common Chart Patterns Inverted Head & Shoulders (Bullish) Head & Shoulders (Bearish) Wedge Reversal (Bullish/ Bearish) Double Top (Bearish) Double Bottom (Bullish) Symmetrical Triangle (Bullish/ Bearish) Ascending Triangle (Bullish) Channels (Bullish/ Bearish) Flags (Bullish/ Bearish) Pennant (Bullish/ Bearish) Source: Various This document has been prepared for general circulation based on information obtained from sources believed to be reliable but we do not make any representations as to its accuracy or completeness. Any recommendation contained in this document does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may read this document. This document is for the information of addressees only and is not to be taken in substitution for the exercise of judgement by addressees. Kenanga Investment Bank Berhad accepts no liability whatsoever for any direct or consequential loss arising from any use of t his document or any solicitations of an offer to buy or sell any securities. Kenanga Investment Bank Berhad and its associates, their directors, and/or employees may have positions in, and may effect transactions in securities mentioned herein from time to time in the open market or otherwise, and may receive brokerage fees or act as principal or agent in dealings with respect to these companies. Published and printed by: KENANGA INVESTMENT BANK BERHAD (15678-H) Level 12, Kenanga Tower, 237, Jalan Tun Razak, Kuala Lumpur, Malaysia Telephone: (603) Website: research@kenanga.com.my Chan Ken Yew Head of Research PP7004/02/2013(031762) Page 5 of 5
On Our Technical Watch
By the Kenanga Research Team l research@kenanga.com.my Figure 1: Daily Charting FBMKLCI Basic Data 52-week High 1,759.76 (in Million) 52-week Low 1,611.88 KLCI Vol 129.13 Current Level 1,740.60 Bursa Vol
More informationOn Our Technical Watch
By the Kenanga Research Team l research@kenanga.com.my Figure 1: Daily Charting FBMKLCI Basic Data 52-week High 1,757.99 (in Million) 52-week Low 1,611.88 KLCI Vol 137.65 Current Level 1,754.42 Bursa Vol
More informationOn Our Technical Watch
By the Kenanga Research Team l research@kenanga.com.my Figure 1: Daily Charting FBMKLCI Basic Data 52-week High 1,759.76 (in Million) 52-week Low 1,611.88 KLCI Vol 140.99 Current Level 1,738.18 Bursa Vol
More informationOn Our Technical Watch
By the Kenanga Research Team l research@kenanga.com.my Figure 1: Daily Charting FBMKLCI Basic Data 52-week High 1,757.99 (in Million) 52-week Low 1,611.88 KLCI Vol 174.33 Current Level 1,748.30 Bursa Vol
More informationOn Our Technical Watch
By the Kenanga Research Team l research@kenanga.com.my Figure 1: Daily Charting FBMKLCI Basic Data 52-week High 1,759.76 (in Million) 52-week Low 1,611.88 KLCI Vol 112.14 Current Level 1,735.84 Bursa Vol
More informationOn Our Technical Watch
By Lawrence Yeo Eng Chien l lawrenceyeo@kenanga.com.my Figure 1: Daily Charting FBMKLCI Basic Data 52-week High 1,795.00 (in Million) 52-week Low 1,611.88 KLCI Vol 136.57 Current Level 1,791.01 Bursa Vol
More informationOn Our Technical Watch
By the Kenanga Research Team l research@kenanga.com.my Figure 1: Daily Charting FBMKLCI Basic Data 52-week High 1,729.13 (in Million) 52-week Low 1,611.88 KLCI Vol 166.34 Current Level 1,708.08 Bursa Vol
More informationOn Our Technical Watch
By the Kenanga Research Team l research@kenanga.com.my Figure 1: Daily Charting FBMKLCI Basic Data 52-week High 1,759.76 (in Million) 52-week Low 1,611.88 KLCI Vol 142.09 Current Level 1,744.67 Bursa Vol
More informationOn Our Technical Watch
By the Kenanga Research Team l research@kenanga.com.my Figure 1: Daily Charting FBMKLCI Basic Data 52-week High 52-week Low Current Level Intraday High Intraday Low 1,729.13 1,611.88 1,688.84 1,690.91
More informationOn Our Technical Watch
By the Kenanga Research Team l research@kenanga.com.my Figure 1: Daily Charting FBMKLCI Index Basic Data 52-week High 1,729.13 (in Million) 52-week Low 1,600.92 KLCI Vol 85.75 Current Level 1,665.32 Bursa
More informationOn Our Technical Watch
By the Kenanga Research Team l research@kenanga.com.my Figure 1: Daily Charting FBMKLCI Basic Data Technical Ratings 52-week High 1,729.13 (in Million) 52-week Low 1,600.92 KLCI Vol 93.61 Current Level
More informationOn Our Technical Watch
By the Kenanga Research Team l research@kenanga.com.my Figure 1: Daily Charting FBMKLCI Index Basic Data 52-week High 1,729.13 (in Million) 52-week Low 1,600.92 KLCI Vol 199.37 Current Level 1,662.92 Bursa
More informationOn Our Technical Watch
By the Kenanga Research Team l research@kenanga.com.my Figure 1: Daily Charting FBMKLCI Basic Data Technical Ratings 52-week High 1,729.13 (in Million) 52-week Low 1,600.92 KLCI Vol 99.25 Current Level
More informationOn Our Technical Watch
By Lawrence Yeo Eng Chien / lawrenceyeo@kenanga.com.my ; Steven Chan / steven.chan@kenanga.com.my; Muhammad Afif Zulkaplly / muhammad.afif@kenanga.com.my Figure 1: Daily Charting FBMKLCI Basic Data 52-week
More informationOn Our Technical Watch
By Lawrence Yeo / lawrenceyeo@kenanga.com.my; Steven Chan / steven.chan@kenanga.com.my; Muhammad Afif Bin Zulkaplly / muhammad.afif@kenanga.com.my Figure 1: Daily Charting FBMKLCI Basic Data 52-week High
More informationOn Our Technical Watch
By Lawrence Yeo / lawrenceyeo@kenanga.com.my; Steven Chan / steven.chan@kenanga.com.my; Muhammad Afif Bin Zulkaplly / muhammad.afif@kenanga.com.my Figure 1: Daily Charting FBMKLCI Basic Data 52-week High
More informationOn Our Technical Watch
By Lawrence Yeo / lawrenceyeo@kenanga.com.my; Steven Chan / steven.chan@kenanga.com.my; Muhammad Afif Bin Zulkaplly / muhammad.afif@kenanga.com.my Figure 1: Daily Charting FBMKLCI Basic Data 52-week High
More informationMarket Snapshot. Key Resistance level 17,350 (R1) 17,586 (R2) 17,750 (R3) Key Support level 16,830 (S1) 16,589 (S2) 16,353 (S3)
By the Kenanga Research Team l research@kenanga.com.my KLCI BURSA 8-Jul RSI (13D) SMAVG (21D) KLCI 1,892.7 60.7 1,883.2 FTSE EMAS 13,163.7 68.3 13,047.7 FTSE Smallcap 18,364.8 86.0 17,924.8 FTSE MESDAQ
More informationMarket Snapshot. Highlights / Stock Picks of the Day. On Our Technical Watch. US Market: Dow Jones Industrial Average (DJIA)
By the Kenanga Research Team l research@kenanga.com.my KLCI BURSA 23-Jul RSI (13D) SMAVG (21D) KLCI 1,871.8 41.1 1,883.4 FTSE EMAS 13,073.9 49.8 13,101.0 FTSE Smallcap 18,834.7 84.8 18,352.8 FTSE MESDAQ
More informationMarket Snapshot. Key Resistance level 17,350 (R1) 17,586 (R2) 17,750 (R3) Key Support level 16,830 (S1) 16,589 (S2) 16,353 (S3)
By the Kenanga Research Team l research@kenanga.com.my KLCI BURSA 21-Jul RSI (13D) SMAVG (21D) KLCI 1,868.6 37.5 1,885.4 FTSE EMAS 13,041.9 45.2 13,103.0 FTSE Smallcap 18,705.8 82.1 18,264.5 FTSE MESDAQ
More informationNAGA Warrants 2017 Seventh Issuance
2017 Seventh Issuance Index-linked Structured Warrants for Trading Relief Rebound By Lawrence Yeo Eng Chien l lawrenceyeo@kenanga.com.my Just last week, all three major US indices (the Dow, S&P500 and
More informationTechnical Analysis Workshop Series. Session Six 1, 2, 3 Price-Bars Patterns
Technical Analysis Workshop Series Session Six 1, 2, 3 Price-Bars Patterns DISCLOSURES & DISCLAIMERS This research material has been prepared by NUS Invest. NUS Invest specifically prohibits the redistribution
More informationChapter Eight. Japanese Candle Chart
Chapter Eight Japanese Candle Chart Candle chart (also called candlestick) analysis has been used since the 18 th century by Japanese rice traders to predict the rice price s movement. According to sources,
More informationIntroduction. Technical analysis is the attempt to forecast stock prices on the basis of market-derived data.
Technical Analysis Introduction Technical analysis is the attempt to forecast stock prices on the basis of market-derived data. Technicians (also known as quantitative analysts or chartists) usually look
More informationJAPANESE CANDLESTICKS
Edited by Kaspirano JAPANESE CANDLESTICKS In the 1600s, the Japanese developed a method of technical analysis to analyze the price of rice contracts. This technique is called candlestick charting. Steven
More informationNAGA Warrants 2017 Sixth Issuance
2017 Sixth Issuance Buy on Weakness at 1,720-1,750 Zone By Lawrence Yeo Eng Chien l lawrenceyeo@kenanga.com.my Despite gains in regional markets and the US markets climbing to fresh record highs, the Malaysian
More informationTechnical Analysis. Prepared by: Mr. SOUR Ramo
Technical Analysis Prepared by: Mr. SOUR Ramo 1 Contain 1. Introduction 2. Candle Chart 3. Trend Analysis 4. Pattern Analysis 2 1.Introduce 1.1 What is Technical Analysis? Technical analysis is a tool
More informationIntroduction. Technicians (also known as quantitative analysts or chartists) usually look at price, volume and psychological indicators over time.
Technical Analysis Introduction Technical Analysis is the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends. Technicians (also known as quantitative
More informationCONNECING THE DOTS Candlesticks & Convergence of Clues. The Art & Science of Active Trend Trading
CONNECING THE DOTS Candlesticks & Convergence of Clues The Art & Science of Active Trend Trading Disclaimer U.S. Government Required Disclaimer Commodity Futures Trading Commission Futures and Options
More informationReversal Candles. Candlestick Bearish Reversal Patterns. Bearish Confirmation. Existing Downtrend
Candlestick Bearish Reversal Patterns There are dozens of bearish reversal patterns. We have elected to narrow the field by selecting a few of the most popular patterns for detailed explanations. Below
More informationGeorge Kent (M) Bhd Broadly Within
George Kent (M) Bhd Broadly Within 1Q19 C of RM18.9m came in broadly within expectations at 13% each of our/consensus estimates. No dividends declared, as expected. No changes to FY19-20E earnings. Upgrade
More informationPART 3 - CHART PATTERNS & TECHNICAL INDICATORS
Tyler Chianelli s EASYOPTIONTRADING by OPTION TRADING COACH PART 3 - CHART PATTERNS & TECHNICAL INDICATORS A SIMPLE SYSTEM FOR TRADING OPTIONS WORKS IN UP, DOWN, AND SIDEWAYS MARKETS PART 3.1 - PRIMARY
More informationLighting the Way: Using Candlestick Patterns. The Art & Science of Active Trend Trading
Lighting the Way: Using Candlestick Patterns The Art & Science of Active Trend Trading Disclaimer U.S. Government Required Disclaimer Commodity Futures Trading Commission Futures and Options trading has
More informationNAGA Warrants 2016 Final Issuance
NAGA Warrants 2016 Final Issuance Positioning for Year-end Window Dressing By the Kenanga Research Team l research@kenanga.com.my Unless the FBMKLCI miraculously climbs beyond the 1,692 mark next week,
More informationCandlesticks Discoveries Probability of Success Aug 6, 2016
Candlesticks Discoveries Probability of Success Aug 6, 2016 The Art & Science of Active Trend Trading Disclaimer U.S. Government Required Disclaimer Commodity Futures Trading Commission Futures and Options
More informationCMT LEVEL I CURRICULUM Self-Evaluation
CMT LEVEL I CURRICULUM Self-Evaluation DEAR CFA CHARTERHOLDER, As a CFA charterholder, the requirement that you sit for the CMT Level I exam is waived. However, the content in the CMT Level I Curriculum
More informationHo Hup Construction RESEARCH. I m Back! On Our Radar. Kenanga Trading Buy RM1.55 Consensus N.A. N.A. KENANGA RESEARCH.
RESEARCH On Our Radar 31 December 2013 Ho Hup Construction I m Back! INVESTMENT MERIT Coming Back. HOHUP is poised to make a comeback after an extended break from the property & construction scene following
More informationForex Sentiment Report Q2 FORECAST WEAK AS LONG AS BELOW April
Forex Sentiment Report 08 April 2015 www.ads-securities.com Q2 FORECAST WEAK AS LONG AS BELOW 1.1200 Targets on a break of 1.1534/35: 1.1740/50 1.1870/75 1.2230/35 Targets on a break of 1.0580/70: 1.0160
More informationAbove Expectations. Results Note. Price: RM1.69 Target Price: RM1.85. By Adrian Ng l
WCT Holdings Bhd Above Expectations By Adrian Ng l adrian.ng@kenanga.com.my 1Q16 core net profit (C) of RM32.0m came in above our but within consensus expectations accounting for 37% and 22% of estimates,
More informationThe Art & Science of Active Trend Trading
CONNECTING THE DOTS Candlesticks & Convergence of Clues The Art & Science of Active Trend Trading Copyright ATTS 2007-2015 1 Dennis W. Wilborn, P.E. Founder, President Active Trend Trading dww@activetrendtrading.com
More informationThe Art & Science of Active Trend Trading
CONNECTING THE DOTS Candlesticks & Convergence of Clues The Art & Science of Active Trend Trading Copywrite ATTS 2007-2015 1 Dennis W. Wilborn, P.E. Founder, President Active Trend Trading dww@activetrendtrading.com
More informationOn Our Radar Review - Property
Review - Property Calling it A Day By the Kenanga Research Team l research@kenanga.com.my The property sector is expected to remain challenging for the year due to tighter lending liquidity, potential
More informationInteractive Practice Questions
Bonus Handouts Interactive Q and A companion for video workshop Secrets of Becoming a Samurai Trader: Advanced Candlestick Charting Techniques with Steve Nison These extra handouts (which are not part
More informationIntroduction...1 Part I: Getting Familiar with Candlestick Charting and Technical Analysis...7. Part V: The Part of Tens...315
Contents at a Glance Introduction...1 Part I: Getting Familiar with Candlestick Charting and Technical Analysis...7 Chapter 1: Understanding Charting and Where Candlesticks Fit In...9 Chapter 2: Getting
More informationThe Art & Science of Active Trend Trading
Candlesticks Looking for U-Turns The Art & Science of Active Trend Trading Copywrite ATTS 2007-2015 1 Disclaimer U.S. Government Required Disclaimer Commodity Futures Trading Commission Futures and Options
More informationAgenda. Who is Recognia. Event Driven Technical Analysis. Types of Technical Events. Finding and Validating Ideas using Recognia Q & A
Disclaimer The information presented here is for educational and informational purposes only. The inclusion of any specific securities detailed is for illustrative purposes only. No information contained
More informationINTERMEDIATE EDUCATION GUIDE
INTERMEDIATE EDUCATION GUIDE CONTENTS Key Chart Patterns That Every Trader Needs To Know Continution Patterns Reversal Patterns Statistical Indicators Support And Resistance Fibonacci Retracement Moving
More informationNAGA Warrants 2016 November Issuance
2016 November Issuance Heightened Volatility Ahead By Lawrence Yeo Eng Chien l lawrenceyeo@kenanga.com.my Donald Trump s victory in the US Presidential Elections came as a massive shock to the investment
More informationPharmaniaga MARKET PERFORM. 1Q15 Inline but Rich Valuations. Results Note. Price: RM6.91 Target Price: RM6.95. PP7004/02/2013(031762) Page 1 of 5
Pharmaniaga 1Q15 Inline but Rich Valuations By the Kenanga Research Team l research@kenanga.com.my Period 1Q15 Actual vs. Expectations 1Q15 PATAMI of RM31.8m (+21% YoY) came in at 32% and 31% of our and
More informationTechnical Stock Market and Stock Analysis UCLA Extension
Technical Stock Market and Stock Analysis UCLA Extension Date: February 4, 2012 Duration: Instructor: 9:00 AM - 4:00 PM Andrew Lais Investment Executive and General Principal Course Topics and Aim: This
More informationTWEEZERS TOPS AND BOTTOMS
88 The Basics TWEEZERS TOPS AND BOTTOMS Tweezers are two or more candlestick lines with matching highs or lows. They are called tweezers because they are compared to the two prongs of a tweezers. In a
More informationTrend Channels: How to Identify Easy Profit-Making Opportunities Using Simple Chart Analysis
Trend Channels: How to Identify Easy Profit-Making Opportunities Using Simple Chart Analysis Trend channels produce a very powerful trading technique. They are very visible, which makes them easy to utilize
More informationSXXP and SX5E nearing their downtrends. Gold remains a short in line with the trend. Dollar index at key support. EURUSD bearish candle
Andy Dodd MSTA - +44 020 7031 4651 adodd@louiscapital.com Twitter : @louiscaptech SXXP and SX5E nearing their downtrends. Gold remains a short in line with the trend Dollar index at key support EURUSD
More informationEU50 Future (VG1) Futures: Short Term View / Levels. Andy Dodd - MSTA adodd 25th April 2018.
Andy Dodd - MSTA +44 20 7031 4651 Twitter @louiscaptech adodd 2018 EU50 Future (VG1) Daily Chart Position Supports Resistances Position Size Short 3391 3354 3336 3319 3282 3418 3441 3481 3502 100% 3286
More informationMastering the Markets
www.mastermindtraders.com Presents Mastering the Markets Your Path to Financial Freedom DISCLAIMER Neither or any of its personnel are registered broker-dealers or investment advisors. We may mention that
More informationMalaysia Bond Flows Update
Malaysia Bond Flows Update Foreign net selloff lower in August, foreign buying to increase on improving fundamentals Economics Kenanga Investment Bank Berhad T: 603-2172 0880 OVERVIEW Foreign selloff moderated.
More informationTest Your Chapter 1 Knowledge
Self-Test Answers Test Your Chapter 1 Knowledge 1. Which is the preferred chart type in LOCKIT? The preferred chart type in LOCKIT is the candle chart because candle patterns are part of the decision-making
More informationSaudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market... 5 Definitions... 6 Contacts... 7.
QNBFS Technical Technical Spotlight Spotlight Monday, Sunday, February January 14, 05, 2018 2018 Contents Saudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market...
More informationIFMC INSTITUTE COURSE BROCHURE
IFMC INSTITUTE COURSE BROCHURE IFMC BRANCHES LAJPAT NAGAR (DELHI) VAISHALI GHAZIABAD NORTH CAMPUS (DELHI) NOIDA E-90, FIRST FLOOR, LAJPAT NAGAR 1, NEW DELHI - 110024 PLOT No. 3, 2 ND FLOOR, RELIANCE PLAZA
More informationCandlestick Secrets for Profiting in Options Seminar The Foundation of Options
Option Spreads 45 Bull Vertical Spreads Bull call (debit) & Bull put (credit) 46 Bull Call Spreads Buy lower strike (95) call Sell higher strike (100) call (same expiration) Which of these two strikes
More information1 www.candlecharts.com 2 BONUS www. candlecharts.com/special/swing-trading-2/ 3 www. candlecharts.com/special/swing-trading-2/ 4 www. candlecharts.com/special/swing-trading-2/ 5 www. candlecharts.com/special/swing-trading-2/
More informationSXXP *351.51* Key Resistance
Andy Dodd MSTA - +44 020 7031 4651 adodd@louiscapital.com Twitter : @louiscaptech Equity Index Technical Dashboard The table below is intended as an easy to read reference of key levels and trends. For
More informationA Weak Quarter. Results Note. Price: RM3.70 Target Price: RM3.70. By Sarah Lim l PP7004/02/2013(031762) Page 1 of 5
IJM Land Berhad A Weak Quarter By Sarah Lim l sarahlim@kenanga.com.my Period 3Q15/9M15 OUTPERFORM Share Price Performance Price: RM3.70 Target Price: RM3.70 Actual vs. Expectations Dividends Key Results
More informationCandlestick Forum Boot Camp. High Profit Patterns. Why is it important to know the patterns? Eliminates emotions
Candlestick Forum Boot Camp High Profit Patterns Why is it important to know the patterns? Eliminates emotions 1 Advanced Candlestick Patterns Fry Pan Bottom Dumpling Top Cradle Pattern Jay-Hook Scoop
More informationIndex. Chaikin Money Flow (CMF), 59 chartists, 32 33, 44 confirmation, 31, contrarian trading, 4, 29
Notes Introduction 1. High-Frequency Trading, New York Times, October 10, 2011. 2. Securities and Exchange Commission (SEC) at www.sec.gov/answers/ pumpdump.htm. 1 Options: Trading Basics 1. In future
More informationCandlesticks What They Really Mean! March 3, 2018
Candlesticks What They Really Mean! March 3, 2018 Active Trend Trading Dennis W. Wilborn Disclaimer U.S. Government Required Disclaimer Commodity Futures Trading Commission Futures and Options trading
More informationS&P Cash Long Term: Uptrend Intact. Monthly Log Chart
Andy Dodd MSTA - +44 020 7031 4651 adodd@louiscapital.com Twitter : @louiscaptech S&P Cash Long Term: Uptrend Intact Despite an initial slowdown in momentum following the break above 2120 in July, which
More informationRough Start. Results Note. Price: RM5.40 Target Price: RM4.95. By Desmond Chong l
UMW Holdings Rough Start By Desmond Chong l cwchong@kenanga.com.my 1Q16 core PATAMI of RM16.9m (>100% QoQ; -90% YoY) came in way below estimates, making up only 5% of both our and consensus estimates.
More informationMalaysian Resources Corp
Malaysian Resources Corp Sunnier Days By Adrian Ng l adrian.ng@kenanga.com.my FY17 CNP of RM101.2m came in above our, but below consensus, full-year estimates, at 130%/91%. Property sales of RM1.4b also
More informationMarket Update March 9, 2015
SeattleTA provides investment managers with technical analysis of the equity, fixed-income, Stocks dropped and interest rates popped on Fridays payroll report as traders priced in a likely Fed rate hike
More informationContents. Related Links. QNBFS Home Page QNBFS Trading Portal QNBFS Research Page
QNBFS Technical Technical Spotlight Spotlight Sunday, Sunday, September January 14, 16, 2018 2018 Contents Saudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market...
More informationAll About Valuations. Sector Update
Sector Update Construction All About Valuations By Adrian Ng l adrian.ng@kenanga.com.my NEUTRAL We reiterate our NEUTRAL call on the sector due to: (i) slow contract award news flow for 017, (ii) heightened
More informationS&P Cash Long Term: Uptrend Intact. Monthly Log Chart
Andy Dodd MSTA - +44 020 7031 4651 adodd@louiscapital.com Twitter : @louiscaptech S&P Cash Long Term: Uptrend Intact Despite an initial slowdown in momentum following the break above 2120 in July, which
More informationSunway Berhad. OUTPERFORM Price: RM2.65 Target Price: RM3.08 KENANGA RESEARCH. Within expectations. Results Note KENANGA RESEARCH.
Results Note 02 December 2013 Sunway Berhad Within expectations Period 3Q13 / 9M13 Actual vs. Expectations Dividends None as expected. Key Results Highlights At 73% of our full-year FY13 estimates, the
More informationBelow Expectations. Results Note. Price: RM6.95 Target Price: RM4.89. By Desmond Chong l PP7004/02/2013(031762) Page 1 of 5
UMW Holdings Below Expectations By Desmond Chong l cwchong@kenanga.com.my Period Actual vs. Expectations Dividends Key Result Highlights 4Q15 / FY15 Below expectations. The group reported 4Q15 normalised
More informationLevel I Learning Objectives by chapter
Level I Learning Objectives by chapter 1. Introduction to the Evolution of Technical Analysis Describe the development of modern technical analysis Describe the origins of technical analysis 2. A New Age
More informationGBPUSD: downtrend intact but room for more upside short term
Andy Dodd MSTA - +44 020 7031 4651 adodd@louiscapital.com Twitter : @louiscaptech SX5E: at downtrend SXXP: Potential bullish break but needs confirmation DAX: target reached and rally tiring SPX: 2543
More informationMarket Update April 20, 2015
SeattleTA provides investment managers with technical analysis of the equity, fixed-income, commodity, and The forecast for a high on April 15 was spot-on (there s no kill switch on awesome!). The monthly
More informationRubber Glove KENANGA RESEARCH NEUTRAL. Resilient sales volume growth in Sector Update KENANGA RESEARCH PP7004/02/2013(031762)
Sector Update 03 April 2013 Rubber Glove Resilient sales volume growth in 2012 NEUTRAL We maintain a Neutral rating on the rubber glove sector. According to Malaysian Rubber Export Promotion Council (MREPC)
More informationSaudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market... 5 Definitions... 6 Contacts... 7.
QNBFS Technical Technical Spotlight Spotlight Sunday, February January 14, 11, 2018 2018 Contents Saudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market... 5 Definitions...
More informationCHARTS. Bar Line Candlestick Charts are the basis of technical analysis They are a graphic display of price action. Notes:
TECHNICAL ANALYSIS CHARTS Bar Line Candlestick Charts are the basis of technical analysis They are a graphic display of price action Candlestick charts have become the industry standard for technical traders.
More informationIntroduction to Technical Analysis
Introduction to Technical Analysis All About Chart Patterns, Candlesticks and Technical Studies rjofutures.rjobrien.com 800-441-1616 A division of R.J. O Brien Important Information About Trading Futures
More informationHow to Spot Candlestick Formations in the Stock Market & What to Do Once You Spot Them
How to Spot Candlestick Formations in the Stock Market & What to Do Once You Spot Them WHAT IS A CANDLESTICK? ACandlestick measures price fluctuations within a defined period of time. Colors differentiate
More informationShaping a Sustainable Future
Sunway Berhad MARKET PERFORM Cum/Ex-Price: RM3.73/RM1.60 Shaping a Sustainable Future Cum/Ex-Target Price: RM3.87/RM1.66 By Adrian Ng l adrian.ng@kenanga.com.my; Sarah Lim l sarahlim@kenanga.com.my We
More informationMARKET PERFORM. FY15 Below Expectations. Results Note. Price: RM1.21 Target Price: RM1.39. By The Kenanga Research Team /
MRCB FY15 Below Expectations By The Kenanga Research Team / research@kenanga.com.my Period Actual vs. Expectations 4Q15/FY15 FY15 core net loss of RM74.7m was below market and our core net profit expectations
More informationSaudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market... 5 Definitions... 6 Contacts... 7.
QNBFS Technical Technical Spotlight Spotlight Sunday, Monday, January March 05, 14, 2018 Contents Saudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market... 5 Definitions...
More informationTRADE ANALYSIS. August 2017 Performance
EUR/AUD SHORT Entry Date 01/08/2017 Entry point 1.4930 Stop-Loss 1.4980 Risk-Reward Ratio 14 Target 1.4230 As indicated on the chart we can see that the pair previously reversed to the downside between
More informationTechnical Analysis Workshop Series. Session Three
Technical Analysis Workshop Series Session Three DISCLOSURES & DISCLAIMERS This research material has been prepared by NUS Invest. NUS Invest specifically prohibits the redistribution of this material
More informationAxis REIT UNDERPERFORM. Splitting for Better Liquidity. Quick Bites. Price /Ex-Price: RM3.55/RM1.78 TP/Ex-Split: RM3.27/RM1.64
Axis REIT Splitting for Better Liquidity By Sarah Lim l sarahlim@kenanga.com.my News Proposed a 1:2 share split, essentially doubling its unit base from 547.8m to 1.1b units. Comments We were positively
More informationBONUS. www. candlecharts.com/special/swing-trading-2/
BONUS www. candlecharts.com/special/swing-trading-2/ 1 www. candlecharts.com/special/swing-trading-2/ www. candlecharts.com/special/swing-trading-2/ www. candlecharts.com/special/swing-trading-2/ 2 www.
More informationDisclaimer The candlestick patterns explained in this book are intended to provide information only.. Use these patterns is at your discretion. The use and application of the included patterns can involve
More informationTechnical Analysis Workshop Series. Session Two
Technical Analysis Workshop eries ession Two DICLOURE & DICLAIMER This research material has been prepared by NU Invest. NU Invest specifically prohibits the redistribution of this material in whole or
More informationLast Gasp in the Dollar. Market Update May 18, Seattle Technical Advisors
SeattleTA provides investment managers with technical analysis of the equity, fixed-income, commodity, and currency markets. While equities are expected to take a hit this week, the big news is expected
More informationCurrencies Daily Report
Currencies Daily Report www.karvycurrency.com Tuesday 18 April 2017 Market Overview Asian stocks pulled back in early trade on Tuesday, while the dollar bounced back from a five-month low after the US
More informationCandlestick Signals and Option Trades (Part 3, advanced) Hour One
Candlestick Signals and Option Trades (Part 3, advanced) Hour One 1. Hedges, long and short A hedge is any strategy designed to reduce or eliminate market risk. This applies to equity positions and the
More informationWeekly outlook for April 30 May
Weekly outlook for April 30 May 4 2018 Summary The S&P500 index is having trouble deciding if it will rally or decline. This indecision makes trading less profitable. Wait for a break-out direction to
More informationBraving tough times. Company Update. Price: RM3.06. Target Price of RM3.23.
Sunway Berhad MARKET Price: RM3.06 Braving tough times Target Price: RM3.23 By Adrian Ng l adrian.ng@kenanga.com.my; Sarah Lim l sarahlim@kenanga.com.my Yesterday, we attended SUNWAY s briefing hosted
More informationREUTERS TECHNICAL ANALYSIS Q1 OUTLOOK WANG TAO
An employee works in a ferronickel smelter owned by state miner Aneka Tambang Tbk at Pomala district in Indonesia's southeast Sulawesi province March 30, 2011. The country accounts for roughly 7 percent
More informationThe Technical Edge Page 1. The Technical Edge. Part 1. Indicator types: price, volume, and moving averages and momentum
The Technical Edge Page 1 The Technical Edge INDICATORS Technical analysis relies on the study of a range of indicators. These come in many specific types, based on calculations or price patterns. For
More informationIntra-Day Trading Techniques
Pristine.com Presents Intra-Day Trading Techniques With Greg Capra Co-Founder of Pristine.com, and Co-Author of the best selling book, Tools and Tactics for the Master Day Trader Copyright 2001, Pristine
More information