Wednesday, 4 December 2013

4 December

Sorry as I was quite busy recently and not able to update the blog.
The market sentiment cause the market to be pretty boring these few days. The KLCI index went up was just because of TENAGA alone. Congratulation to those who able to catch TENAGA before it shoot up to RM12.6

SUPERMX is forming ascending triangle and the target profit is 3.14. But the strong resistance on 2.80 must be broken in order to move higher. Announcement made by SUPERMX to expand their factory will hugely increase their production yearly. SUPERMX can be hold for longer term.

Uptrend is intact but profit taking is taking place. Trader might need patience for it to go up to psychological level RM1.00.

Bolinger Band breakout with high volume. The next level to watch is 1.78 and subsequently is 1.87.
PATIENCE needed! Trader might watch for retracement for any enter opportunity.


11.9% since it has been highlighted on 28 November, RM1.68 has cleared and the next levels to watch are RM1.80 and RM2.12.  

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