YONGTAI (7066) 16 Oct 2015
The support and resistance level of YONGTAI are 0.53 and 0.61 respectively. It is observed that the MACD line of YONGTAI is above the centreline indicating some degree of strength in the price movement. Yongtai closed yesterday at 0.58 for a gain of 1 ct however indicating a reversal trend from its recent minor consolidation.
Traders may buy if 0.61 level is breached in the near term, with a target price of MYR0.71. In the meantime, the stock may drift sideways if the MYR0.61 level cannot be surpassed. Support may then be found at MYR0.555, where traders can exit upon a breach.
Happy Trading
BURSAMASTER

CENTURY (7117) 16 Oct 2015
The support and resistance level of CENTURY are 0.835 and 0.895 respectively. It is observed that the MACD line of CENTURY is above the centreline indicating some degree of strength in the price movement. Century made a very impressive U-TURN yesterday by coming up from its low of 0.83 to close at the highest of the day at 0.87. This remarkable efforts should see a follow through buying today possibly breaching its minor resistance of 0.895.
If this happens, we should see a next lwvwl of 1.14 & 1.23 followed by 1.31.
Century Logistics Holdings may consolidate if it cannot sustain above the 0.895 mark. In this case, further support is anticipated at 0.83, where traders can exit upon a breach to avoid a further correction.
HAPPY TRADING
BURSAMASTER

KKB...LOOKS LIKE COMING..ANTICIPATE A RUN UP SOON

https://mmi105.whatsapp.net/d/sJdHrUhyql4eDHukGLJOGVW7Ctg/Akr_jOhOX4rKroOalBYHMtP1w60IYVqD32AIfs8qE7dR.jpg

YONGTAI (7066)

YONGTAI has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.69 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.

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NIHSIN (7215)

NIHSIN has been trading above its upward sloping 20-Day Moving Average which is a good sign. However, we have to be careful as the recent price action broke the support level of 0.31. If a bearish breakout is accompanied by high volume, this indicates the unwillingness of a large pool of traders to hold on to the stock as selling pressure mounts at the support level. This bearish breakout of NIHSIN was accompanied by a lower than average volume which may give a glimmer of hope, however one has to be monitor carefully the price action in the coming sessions.