No follow thru from last Friday’s rebound. Cut Long position @ 1086. Observe for next position. Most probably short as the up thrust (last second bar) shows weakness.

KLOFFE was on technical rebound on the last minute of Friday’s session. This could be shortlived as the overall trend is still down (refer to the cash market, KL Composite Index). Monday will be critical to see whether there’s reversal follow thru for the rebound. Aggressive player would have positioned themselves on Friday when [...]

Wah, Gamuda is beautifully remained in the channel. The next intermediate resistance level could be as near as RM3.05. For less aggressive traders could exit half (or more) of your position when it touches this level and fall back. It is definitely a retracement. For higher risk trader, trail your STOP LOSS @ the trade [...]

Needless to say, everyone knows that SCOMI is heavily involve in the Oil & Gas sector. Even though the sector has been going down in these couple weeks due to the weaken crude oil price, but most of it’s contracts have been locked in previously. The crude price should not be significantly affecting it’s profit, [...]

As per discussed in the previous post, SP Setia has broken out the “flag” and continue to rally till RM3.30 on Friday. Exactly as we targeted! Ok, now it is the time that we plan out how to mitigate the risk and ride on the profit. Last bar was a ultra high volume up bar [...]