Source:The Edge Market
ES Ceramics shares traded slightly above last Thursday’s lows of 46.5 sen, the worst in 7½-month amid light bargain-hunting interest. Apparently, the stochastic and the 14-day relative strength index are ticking up. Combined with the buying signal on the moving average convergence/divergence histogram, they suggest prices are likely to firm in the short term. A clear penetration of the uppermost 100-day simple moving average of 55 sen will lead to a re-test of the all-time high of 65.5 sen or higher into the uncharted territory. Crucial support is set at the 44 sen mark.
PRESTARIANG was generally range-bound the past 2½-month, undergoing consolidation. Technically, the short-term indicators, namely, the stochastic and the moving average convergence/divergence histogram, are painting a pretty encouraging landscape, implying prices are poised to advance in the immediate term. A decisive breakout of the uppermost 200-day simple moving average (SMA) of RM2.44 may propel the shares higher to the RM3-RM3.02 area. The next upside objective will be to challenge the historical peak of RM3.27. Important support is pegged at the 100-day SMA of RM2.11.
RGB International rose to high of 22 sen last Friday, the best since August 2009, before turning range-bound asorbing sporadic profit-taking activity. Based on the daily chart, prices are expected to face heavy resistance at the 23 sen barrier, of which a major breakout will see the bulls becoming more aggressive, en route to the upper hurdle of 30 sen. As for the downside, initial support is seen at 19 sen, which is the 21-day simple moving average. An additional floor is lying at the 16 sen level.
+++++++
BursaKakis Channel :
Uob Kay Hian Daily Top Pick, 1 Nov 2016
Salcon, 8567
Clogse, 0.615
Buy TP, 0.695, 0.765
Breakout, 0.615
Support, 0.57
SL, 0.565
Time Frame, 2 Weeks to 2 Months
Tnlogis, 8397
Close, 1.70
Buy, TP, 1.99, 2.21
Support, 1.60
SL, 1.59
Time frame 2 weeks to 3 months
Zecon, 7028
Close, 0.615
Breakout, 0.63
Buy TP, 0.755, 0.815
Support, 0.585
SL, 0.58
Time frame, 2 weeks to 2 months
Thanks
++++++++
BursaKakis Channel :
M+ Online Morning Buzz – 1Nov16
Dow Jones: 18,142.42 pts (-18.77pts, -0.10%)
Wall Street extended its sideways trend between the 18,000-18,250 levels as traders stayed cautious ahead of the FOMC meeting.
FBM KLCI: 1,672.46 pts (+2.19pts, +0.13%)
The FBM KLCI continues to trend higher for another session, but market sentiments remained weak. Nevertheless, traders may focus on consumer and healthcare related stocks over the near term.
Crude Palm Oil: RM2,763 (-RM25, -0.90%)
Crude palm oil declined further below the RM2,800 level after weaker-than-expected export data released by Intertek, which fell 6.5% M.o.M to 1.29 mln tons in October.
WTI Crude Oil: $46.86 (-$1.84, -3.78%)
Crude oil slipped further below the US$47 level after inconclusive talks in OPEC meeting over the weekend. Next support will be located around US$46.
Gold: $1,277.21 (+$1.74, +0.14%)
Gold trended marginally higher ahead of few major events – FOMC meeting and US presidential election (8th of Nov).
Economic Releases:
China – China Manufacturing PMI – 1Nov16, 9:00AM
US – Markit US Manufacturing PMI – 1Nov16, 9:45PM
US – ISM Manufacturing PMI – 1Nov16, 10:00PM
Bursa Malaysia Trade Statistics – 31Oct16
Institutions: Net BUY 130.3 mln (62.2%)
Retail: Net BUY 13.0 mln (13.6%)
Foreign: Net SELL 143.3 mln (24.2%)
Potential Momentum Stocks – 1Nov16
Stock Name: YSPSAH (7178)
Entry: Buy above RM2.240
Target: RM2.460 (9.8%), RM2.640 (17.9%)
Stop: RM2.150 (-4.0%)
Shariah: Yes
Technical: Price surged above EMA120
Stock Name: PELIKAN (5231)
Entry: Buy above RM0.925
Target: RM1.000 (8.1%), RM1.060 (14.6%)
Stop: RM0.865 (-6.5%)
Shariah: Yes
Technical: Price rebounded above EMA20
Source: Bloomberg, M+ Online
++++++++
Chan:
Bursa Butterfly Channel:
Chan:
This Channel is created to share Trading knowledge for Experienced traders, retailers & investors
Bursa Malaysia Stocks
Tuesday 1/11/2016
-
Global Market Stocks Trading with Cautions until United States elections
For October, FBMKLCI Index remain Weak & average volume <RM1.5b per day,
Latest Currency exchange is RM4.20
Trading opportunities for Government Linked Company stocks:
FGV – Steering Committee plan article was posted by The edge on 31 OCT has caused its shares dump down to the lowest RM1.94,
although FGV has denied in the afternoon but the stock price seem to be very weak to rebound, nobody know what is the intention
behind : Traders may have the opportunities to trade for its call warrants (eg: C15, C19 , avoid C16) for the rebounds(if it happens)
MYEG is on the uptrend 4th Wave based on chart :
Traders may have the opportunities to trade on its call warrants
Retailers(short term) best entry point is RM2.40, TP is the 5th wave, cut if drop below RM2.37
Investors(fundamental) PE too high, having difficulty to follow, MYEG is too expensive
UEM intermediate Support level at RM1.1 :
Traders should wait until genuine buyers appear, perform FIFO for the rebound!
Retailers(short term) can try to collect at RM1.1 for rebound play
Traders also can try to monitor USD stocks if USD/MYR >RM4.23:
Evergreen/Homeriz/VS/Hevea :
Traders may have the opportunities to perform FIFO on monday,
Retailers(short term) may try to collect if the ringgit is continue to weakening
Investors may try to collect more for the upcoming quarter result,if the stocks drop to below support levels only if the ringgit is still weak
Trading Supperpenny with cautions:
Perisai and Kinstel have just enter PN17, Beware of trading super penny stocks(below RM0.20) such as
Thheavy, Pdz, Sumatec and those below RM0.20 without fundamental support.
Due to weak sentiment in Super penny stocks, Vivocom and dnex warrant may drop further but soon will find its support
high risk trader can try to monitor and collect at settled cut loss level.
++++
BursaKakis Channel :
BKs Technical Ideas 1/11/2016
1) ECS (Ideas 31/10 @ 1.54)
2) TNLOGIS (Live call 26/10 @ 1.66)
3) YSPSAH
Do trade with care due to market heavy selldown & many broken their support level.
Kindly refer to charts posted in BKs.
Our Telegram Link: telegram.me/bursakakis
Our Facebook Link : https://www.facebook.com/groups/192414771167397/
DISCLAIMER: The comments here are for sharing and learning purposes and do not represent a recommendation to buy or sell. Kindly consult your remisiers or dealers before you take any action. Thank you.
++++++++++
CIMB Trading Ideas 1/11/2016
1) YSPYAH
2) YTL Power
Kindly refer to charts in BKs Channel.
++++++++++
The Bursa Analyst Channel:
Tuesday 1 November:
Wow 1 more month and 25 days we will celebrate Christmas !! ❤️
Anyway back to world happenings:
1.Today our TAIKOR go visit CHINA, what are the outcomes ? in future, our CUCU will serve china.. Anyway as for now, the plan is to sign 10 Agreements and MOUs.
2. FBI dig into Hillarious punya Email clearly affected her chances of winning. Also it was said that DNC chair Donna Brazile gave tips to Puan Hillary before the questions were asked in the debate. This is like…. INSIDER DEBATE !! If insider trade kena SC tangkap, INSIDER DEBATE DO WHAT? Lose election loh.. so that AMERICA CAN BE GREAT AGAIN !
3. OPEC Seems to be failing to reach an agreement with both IRAN and IRAQ backing out, distorting the OIL sentiment. Both Brent and Crude oil are trading below $50. Please with this kind of market I would not advise to hold any Oil and Gas Stocks.
4. RUBBER related counters will be affected by the increase cost for latex production. TOPGLOVE, ESCERAM, COMFORT, SUPERMX
Recently a lot of Foreign Fund pulling out from our market. A deep dive today happened to the KLCI and I think it is the doings of these Foreign Fund, and our Institutional Funds mainly EPF are currently supporting the market. This bubble will burst. Be careful.
Stocks to TRADE 1 November:
IVORY: Very nice Cup and Holder Formed and ok volume. Entry 0.48-0.49, Cut Loss 0.47, Target price 0.575
SALCON: Entry 0.605- 0.625, Cut Loss 0.59, Target Price 0.63 TP2 0.655
Even for such a position also want to cheat! WE NEED AMAERICA TO BE GREAT AGAIN !
Follow The Bursa Analyst Channel for potential stockpicks and daily update.
https://telegram.me/TBAChannel
++++++++++
M+ Online Market Wrap–31Oct16
FBM KLCI: 1,672.46 pts (+2.19 pts, +0.13%)
After a choppy trading session throughout the day, the FBM KLCI managed to recover and ended on a positive note led by GENM (+14.0 sen) and MAYBANK (+7.0 sen). However, market sentiments were weak – market breadth was negative with losers led gainers by a ratio of 5-to-3. Nevertheless, selected small and mid-cap stocks within the logistics company like TNLOGIS (+3.0 sen) and XINHWA (+2.0 sen) gained mild buying interest.
Top 3 Active stocks:
FGV (5222): RM2.01 (-19.0 sen)
KINSTEL (5060): RM0.03 (unch)
VIVOCOM (0069): RM0.165 (-1.0 sen)
Volume: 1.45 bln (3-month avg vol: 1.71 bln)
Value: RM1.89 bln
Market Breadth: ⬆:290 ⬇:521
Crude palm oil: RM2,768 (-RM20)
Dow Futures: 18,124 pts (+26 pts)
Source: Bloomberg, M+ Online
++++++++
Logic Trading Analysis:
BURSA MALAYSIA MARKET IDEAS TUESDAY (01/11/2016):
FBMKLCI MOST IMPORTANT MONTH OF THE YEAR 2016
Dear All,
The FBMKLCI closed higher at +2.19 point or +0.13% to close at 1672.46.
FBMKLCI Surprisingly turn up on last day of October, however come to November, which is the most eventful month, we are getting ready for all the possible set up.
DJIA clueless at the moment, we just have to mostly wait until US President result,or see it break 18000 or break 19000 for a big direction. I hoping DJIA to down toward 17000 so that we will have chance to earn bigger.
We continue monitor and spotting some strong bullish counter and will be name it when time is right. Yesterday notice TNLOGIS.
The world is beautiful when your happiness are bring by others this Tuesday ! !!
“Goreng Tetap Goreng” !
Yours Sincerely,
Logic Trading Analysis
Views – 248
Analysis 01/11/2016
Source:The Edge Market
ES Ceramics shares traded slightly above last Thursday’s lows of 46.5 sen, the worst in 7½-month amid light bargain-hunting interest. Apparently, the stochastic and the 14-day relative strength index are ticking up. Combined with the buying signal on the moving average convergence/divergence histogram, they suggest prices are likely to firm in the short term. A clear penetration of the uppermost 100-day simple moving average of 55 sen will lead to a re-test of the all-time high of 65.5 sen or higher into the uncharted territory. Crucial support is set at the 44 sen mark.
PRESTARIANG was generally range-bound the past 2½-month, undergoing consolidation. Technically, the short-term indicators, namely, the stochastic and the moving average convergence/divergence histogram, are painting a pretty encouraging landscape, implying prices are poised to advance in the immediate term. A decisive breakout of the uppermost 200-day simple moving average (SMA) of RM2.44 may propel the shares higher to the RM3-RM3.02 area. The next upside objective will be to challenge the historical peak of RM3.27. Important support is pegged at the 100-day SMA of RM2.11.
RGB International rose to high of 22 sen last Friday, the best since August 2009, before turning range-bound asorbing sporadic profit-taking activity. Based on the daily chart, prices are expected to face heavy resistance at the 23 sen barrier, of which a major breakout will see the bulls becoming more aggressive, en route to the upper hurdle of 30 sen. As for the downside, initial support is seen at 19 sen, which is the 21-day simple moving average. An additional floor is lying at the 16 sen level.
+++++++
BursaKakis Channel :
Uob Kay Hian Daily Top Pick, 1 Nov 2016
Salcon, 8567
Clogse, 0.615
Buy TP, 0.695, 0.765
Breakout, 0.615
Support, 0.57
SL, 0.565
Time Frame, 2 Weeks to 2 Months
Tnlogis, 8397
Close, 1.70
Buy, TP, 1.99, 2.21
Support, 1.60
SL, 1.59
Time frame 2 weeks to 3 months
Zecon, 7028
Close, 0.615
Breakout, 0.63
Buy TP, 0.755, 0.815
Support, 0.585
SL, 0.58
Time frame, 2 weeks to 2 months
Thanks
++++++++
BursaKakis Channel :
M+ Online Morning Buzz – 1Nov16
Dow Jones: 18,142.42 pts (-18.77pts, -0.10%)
Wall Street extended its sideways trend between the 18,000-18,250 levels as traders stayed cautious ahead of the FOMC meeting.
FBM KLCI: 1,672.46 pts (+2.19pts, +0.13%)
The FBM KLCI continues to trend higher for another session, but market sentiments remained weak. Nevertheless, traders may focus on consumer and healthcare related stocks over the near term.
Crude Palm Oil: RM2,763 (-RM25, -0.90%)
Crude palm oil declined further below the RM2,800 level after weaker-than-expected export data released by Intertek, which fell 6.5% M.o.M to 1.29 mln tons in October.
WTI Crude Oil: $46.86 (-$1.84, -3.78%)
Crude oil slipped further below the US$47 level after inconclusive talks in OPEC meeting over the weekend. Next support will be located around US$46.
Gold: $1,277.21 (+$1.74, +0.14%)
Gold trended marginally higher ahead of few major events – FOMC meeting and US presidential election (8th of Nov).
Economic Releases:
China – China Manufacturing PMI – 1Nov16, 9:00AM
US – Markit US Manufacturing PMI – 1Nov16, 9:45PM
US – ISM Manufacturing PMI – 1Nov16, 10:00PM
Bursa Malaysia Trade Statistics – 31Oct16
Institutions: Net BUY 130.3 mln (62.2%)
Retail: Net BUY 13.0 mln (13.6%)
Foreign: Net SELL 143.3 mln (24.2%)
Potential Momentum Stocks – 1Nov16
Stock Name: YSPSAH (7178)
Entry: Buy above RM2.240
Target: RM2.460 (9.8%), RM2.640 (17.9%)
Stop: RM2.150 (-4.0%)
Shariah: Yes
Technical: Price surged above EMA120
Stock Name: PELIKAN (5231)
Entry: Buy above RM0.925
Target: RM1.000 (8.1%), RM1.060 (14.6%)
Stop: RM0.865 (-6.5%)
Shariah: Yes
Technical: Price rebounded above EMA20
Source: Bloomberg, M+ Online
++++++++
Chan:
Bursa Butterfly Channel:
Chan:
This Channel is created to share Trading knowledge for Experienced traders, retailers & investors
Bursa Malaysia Stocks
Tuesday 1/11/2016
-
Global Market Stocks Trading with Cautions until United States elections
For October, FBMKLCI Index remain Weak & average volume <RM1.5b per day,
Latest Currency exchange is RM4.20
Trading opportunities for Government Linked Company stocks:
FGV – Steering Committee plan article was posted by The edge on 31 OCT has caused its shares dump down to the lowest RM1.94,
although FGV has denied in the afternoon but the stock price seem to be very weak to rebound, nobody know what is the intention
behind : Traders may have the opportunities to trade for its call warrants (eg: C15, C19 , avoid C16) for the rebounds(if it happens)
MYEG is on the uptrend 4th Wave based on chart :
Traders may have the opportunities to trade on its call warrants
Retailers(short term) best entry point is RM2.40, TP is the 5th wave, cut if drop below RM2.37
Investors(fundamental) PE too high, having difficulty to follow, MYEG is too expensive
UEM intermediate Support level at RM1.1 :
Traders should wait until genuine buyers appear, perform FIFO for the rebound!
Retailers(short term) can try to collect at RM1.1 for rebound play
Traders also can try to monitor USD stocks if USD/MYR >RM4.23:
Evergreen/Homeriz/VS/Hevea :
Traders may have the opportunities to perform FIFO on monday,
Retailers(short term) may try to collect if the ringgit is continue to weakening
Investors may try to collect more for the upcoming quarter result,if the stocks drop to below support levels only if the ringgit is still weak
Trading Supperpenny with cautions:
Perisai and Kinstel have just enter PN17, Beware of trading super penny stocks(below RM0.20) such as
Thheavy, Pdz, Sumatec and those below RM0.20 without fundamental support.
Due to weak sentiment in Super penny stocks, Vivocom and dnex warrant may drop further but soon will find its support
high risk trader can try to monitor and collect at settled cut loss level.
++++
BursaKakis Channel :
BKs Technical Ideas 1/11/2016
1) ECS (Ideas 31/10 @ 1.54)
2) TNLOGIS (Live call 26/10 @ 1.66)
3) YSPSAH
Do trade with care due to market heavy selldown & many broken their support level.
Kindly refer to charts posted in BKs.
Our Telegram Link: telegram.me/bursakakis
Our Facebook Link : https://www.facebook.com/groups/192414771167397/
DISCLAIMER: The comments here are for sharing and learning purposes and do not represent a recommendation to buy or sell. Kindly consult your remisiers or dealers before you take any action. Thank you.
++++++++++
CIMB Trading Ideas 1/11/2016
1) YSPYAH
2) YTL Power
Kindly refer to charts in BKs Channel.
++++++++++
The Bursa Analyst Channel:
Tuesday 1 November:
Wow 1 more month and 25 days we will celebrate Christmas !! ❤️
Anyway back to world happenings:
1.Today our TAIKOR go visit CHINA, what are the outcomes ? in future, our CUCU will serve china.. Anyway as for now, the plan is to sign 10 Agreements and MOUs.
2. FBI dig into Hillarious punya Email clearly affected her chances of winning. Also it was said that DNC chair Donna Brazile gave tips to Puan Hillary before the questions were asked in the debate. This is like…. INSIDER DEBATE !! If insider trade kena SC tangkap, INSIDER DEBATE DO WHAT? Lose election loh.. so that AMERICA CAN BE GREAT AGAIN !
3. OPEC Seems to be failing to reach an agreement with both IRAN and IRAQ backing out, distorting the OIL sentiment. Both Brent and Crude oil are trading below $50. Please with this kind of market I would not advise to hold any Oil and Gas Stocks.
4. RUBBER related counters will be affected by the increase cost for latex production. TOPGLOVE, ESCERAM, COMFORT, SUPERMX
Recently a lot of Foreign Fund pulling out from our market. A deep dive today happened to the KLCI and I think it is the doings of these Foreign Fund, and our Institutional Funds mainly EPF are currently supporting the market. This bubble will burst. Be careful.
Stocks to TRADE 1 November:
IVORY: Very nice Cup and Holder Formed and ok volume. Entry 0.48-0.49, Cut Loss 0.47, Target price 0.575
SALCON: Entry 0.605- 0.625, Cut Loss 0.59, Target Price 0.63 TP2 0.655
Even for such a position also want to cheat! WE NEED AMAERICA TO BE GREAT AGAIN !
Follow The Bursa Analyst Channel for potential stockpicks and daily update.
https://telegram.me/TBAChannel
++++++++++
M+ Online Market Wrap–31Oct16
FBM KLCI: 1,672.46 pts (+2.19 pts, +0.13%)
After a choppy trading session throughout the day, the FBM KLCI managed to recover and ended on a positive note led by GENM (+14.0 sen) and MAYBANK (+7.0 sen). However, market sentiments were weak – market breadth was negative with losers led gainers by a ratio of 5-to-3. Nevertheless, selected small and mid-cap stocks within the logistics company like TNLOGIS (+3.0 sen) and XINHWA (+2.0 sen) gained mild buying interest.
Top 3 Active stocks:
FGV (5222): RM2.01 (-19.0 sen)
KINSTEL (5060): RM0.03 (unch)
VIVOCOM (0069): RM0.165 (-1.0 sen)
Volume: 1.45 bln (3-month avg vol: 1.71 bln)
Value: RM1.89 bln
Market Breadth: ⬆:290 ⬇:521
Crude palm oil: RM2,768 (-RM20)
Dow Futures: 18,124 pts (+26 pts)
Source: Bloomberg, M+ Online
++++++++
Logic Trading Analysis:
BURSA MALAYSIA MARKET IDEAS TUESDAY (01/11/2016):
FBMKLCI MOST IMPORTANT MONTH OF THE YEAR 2016
Dear All,
The FBMKLCI closed higher at +2.19 point or +0.13% to close at 1672.46.
FBMKLCI Surprisingly turn up on last day of October, however come to November, which is the most eventful month, we are getting ready for all the possible set up.
DJIA clueless at the moment, we just have to mostly wait until US President result,or see it break 18000 or break 19000 for a big direction. I hoping DJIA to down toward 17000 so that we will have chance to earn bigger.
We continue monitor and spotting some strong bullish counter and will be name it when time is right. Yesterday notice TNLOGIS.
The world is beautiful when your happiness are bring by others this Tuesday ! !!
“Goreng Tetap Goreng” !
Yours Sincerely,
Logic Trading Analysis
Views – 248