Stocks to Watch 16 - 20 December

Below is purely on my personal opinion and please seek advice from your broker for investment decision.

Watch closely on FOMC meeting result.

CYPARK

CYPARK is on strong uptrending currently. Traders who to enter may wait for the price to retrace to 20MA since it always supported by 20MA.

Volume is diminishing and price may shoot up further north if volume coming back.

DESTINI

DESTINI reached its double bottom price target and currently formed a flag.
Profit target for this flag breakout is RM0.555.

BREM

BREM formed a pennant and the projected profit target is 1.53, Classical resistance after 1.53 is 1.71.

TAS

Uptrend is intact. Projected target from Fibonacci projection is RM1.46.

WCT

WCT is looking for support as the price is currently moving to the south. The next support would be RM2.10 and RM2.03.
Price may rebound when it touch the support. This might be a chance for bottom fishing for investor who like this counter.

Happy trading and trade cautiously!

Please take note this content is same as http://investmentschool.com.my/1720/klse-stock-to-watch-16-20-december/ since the author is the same~