oversold based on MACD and RSI at 65 sen, time to rebound

KLK expands oleochemicals processing capacity in China

https://theedgemalaysia.com/node/718549

The pattern is called Triple Bottom if you look at the Weekly Chart. It is a bullish signal.

Strong Support at 19.90, Resistance at 21.60

In the past 3 years, when price drop to 20... it rebounded within 1 week.
This has happened for 4 times, and today is the 5th time if price touch 20 and below.

INARI: Golden Cross Detected

https://klse.i3investor.com/web/blog/detail/BursaTechnical/2024-06-18-story-h-158925031-INARI_Golden_Cross_Detected

CIMB: Uptrend Intact

https://klse.i3investor.com/web/blog/detail/BursaTechnical/2024-06-17-story-h-158930858-CIMB_Uptrend_Intact

Chart uptrend with share price above all SMA50, SMA200. SMA is Simple Moving Average.
Recent pullback from 8.50 to 8.25 which is the SMA20 support level has pretty much ended.

Strong earnings just announced Quarterly profit +24% YoY and +21% QoQ) should propel share price to new 52-week high.

Declared 8 sen dividend too.

Chart uptrend with share price above all SMA20, SMA50, SMA200. SMA is Simple Moving Average.

Uptrend chart pattern intact with price above SMA20, SMA 50 and SMA200. SMA is Simple Moving Average.

Parabolic surge in share price usually not sustainable.

Unrealized gain on derivatives means management bet correctly on cocoa price, you can't get the price right all the time.

LPI’s 1QFY24 results beat expectations as net claims appeared
lower following reversal of past claims provisions, prompting us to
raise our FY24F-FY25F earnings by 13%-4%. We see that there
could be more intensive competition especially in the fire class
insurance segment, but are not overly deterred by LPI’s position,
thanks to their backing from a leading bank. We maintain
OUTPERFORM call but raise our TP to RM15.00 (from RM14.70) as
we roll over our valuations.

Kenanga Research

LPI Capital’s 1Q net profit surges 37%, shares turn positive after results

https://theedgemalaysia.com/node/709704

Strong earnings QoQ +28.9%, YoY +37.2%, just released at 1pm.

Stock in uptrend with MA20 higher than MA50 and MA200.

Support is RM2.82
Resistance RM3.10

Technical outlook is positive with MA20 above MA50 and MA100.

Support 0.97
Resistance 1.06

BREAKOUT Analysis:
Next BREAKOUT estimate date = 2-February to 16-February.

The previous three consolidation before the next surge took 8, 9 and 19 trading days.

The current consolidation has taken 11 days, so the next move up is this week or next week

3-Jan to 15-Jan: 9 trading days followed by BREAKOUT above RM1.75 to RM2.25 level
12-Dec to 28-Dec: 12 trading days followed by BREAKOUT above RM1.30 to RM1.75 level
15-Nov to 8-Dec: 19 trading days followed by BREAKOUT above RM1.10 to RM1.30 level

Today is the 6th day of consolidation.


BREAKOUT Analysis:
Next BREAKOUT estimate date = 2-February to 16-February.

The previous three consolidation before the next surge took 8, 9 and 19 trading days.

The current consolidation has taken 6 days, so the next move up is 1 week to 3 weeks away...

3-Jan to 15-Jan: 9 trading days followed by BREAKOUT above RM1.75 to RM2.25 level
12-Dec to 28-Dec: 12 trading days followed by BREAKOUT above RM1.30 to RM1.75 level
15-Nov to 8-Dec: 19 trading days followed by BREAKOUT above RM1.10 to RM1.30 level

BREAKOUT Analysis:
Next BREAKOUT estimate date = 2-February to 16-February.

The previous three consolidation before the next surge took 8, 9 and 19 trading days.

The current consolidation has taken 4 days, so the next move up is 1 week to 3 weeks away...

3-Jan to 15-Jan: 9 trading days followed by BREAKOUT above RM1.75 to RM2.25 level
12-Dec to 28-Dec: 12 trading days followed by BREAKOUT above RM1.30 to RM1.75 level
15-Nov to 8-Dec: 19 trading days followed by BREAKOUT above RM1.10 to RM1.30 level

Nice to bottom fish at 225 which is the support level. Uptrend intact with MA20 above MA50. Also MA50 above MA200.

Wow property stocks green green today

Sentiment is positive now!

Test my technical knowledge by buying KOSSAN.

Track record for technical play:

1. YTL: Buy 1.49, Sell 1.57 (+5.37%)
2. TOPGLOV: Buy 0.80, Sell 0.795 (-0.63%)
3. KOSSAN: Buy 1.66, Sold 1.69 (+1.8%)

@super, result will be 7 days from today on 20 Dec

Test my technical knowledge by buying KOSSAN.

Track record for technical play:

1. YTL: Buy 1.49, Sell 1.57 (+5.37%)
2. TOPGLOV: Buy 0.80, Sell 0.795 (-0.63%)
3. KOSSAN: Buy 1.66, open position

Sold TOPGLOV to shift to KOSSAN for better fundamentals and upside.

Track record for technical play:

1. YTL: Buy 1.49, Sell 1.57 (+5.37%)
2. TOPGLOV: Buy 0.80, Sell 0.795 (-0.63%)
3. KOSSAN: Buy 1.66, open position

Top Glove will release result in less than 10 days on 20th December.

Expect better earnings against last quarter, so share price performance will be good I predict

RHB Research saID "We are unable to ascertain the earnings impact of this YTLP-Nvidia deal at present, but believe that such developments can be rather capex-intensive."

From RHB Research:

Earnings impact. We are unable to ascertain the earnings impact of this
YTLP-Nvidia deal at present, but believe that such developments can be
rather capex-intensive. For its current 48MW DC (estimated capex:
MYR1.5bn), the contract tenure is more than 10 years and we estimate it
to potentially generate PBT of MYR100m pa. As such, if we were to
extrapolate such numbers to its full capacity, a total 500MW data centre
could deliver MYR1bn in PBT (c.30% of our FY24F PBT). This is excluding
any potential earnings from AI-specific applications and services.

@UlarSawa, 80 sen is the short term support level

Bought at 80 sen, I want to test my technical skill.

Previous trade performance:
1. YTL: Buy 1.49, Sold 1.57

All time high already ...

Sold at 1.56, thanks YTL! Bought at 1.49 last time to test my technical skill...

Still downtrend because price below 200 MA, MA=Moving Average

YTL Corp and YTL Power will replace Dialog and Westports in KLCI on 18 December.

Bought at 1.49 which is the support line and also Moving Average 20 for YTL.

Like OTB said, I want to test my technical skill, see how it perform...

Support 1.50 followed by 1.35.

Sell on news today

Stock in downtrend as MA50 below MA150

Spritzer shares hit all-time high of RM1.84 after 3Q results beat

https://theedgemalaysia.com/node/691673

Hit all time high of RM1.30 now, same as what was achieved in Sep-2021, earnings in the next 1 week will determine whether stock will register more new highs.

Short term positive with resistance at RM0.88 which is the 200 MA Moving Average.

Short term uptrend with resistance at RM2.64.

Technical Outlook: Positive

Reason: MA20 > MA50 > MA200, MA = Moving Average.

Outlook: PTRANS drop slightly and hovers around MA20 level of 1.20 recently. Price to stay around this level in the near term before resuming uptrend. Need some fundamental good news to break resistance of 1.36.

@tortoise, which one is the rabbit? lol

@dragon and @otb, buy YTL or YTLPower better? or whack both?

The announcement on the usage of proceeds did not specify dividend payment. This is Cinapek company doubt they will pay big dividend.

Technical Outlook: Bullish

Reason: Price stays above MA20, MA50 and MA200, MA = Moving Average

Outlook: PBA is building its base at 1.20 which seems likely. Price to stay around this level for 1 - 2 weeks before resuming uptrend. Next thin resistance is 1.27, then 1.48.

Technical Outlook: Bearish

Reason: Price drop >10% but still above MA200, MA = Moving Average

Outlook: REDTONE must stays above 0.70 which is the MA50 to sustain short term uptrend. Confirmed bear if cannot cling to 0.70.

Technical Outlook: Bearish, short term some chance of rebound

Reason: Price has been declining with MA20 < MA50 < MA200, MA = Moving Average

Outlook: Support is 2.30. Price has reversed short term downtrend as it is above MA20 and MA50. If can break 2.53, then 2.67 is the next level.

Technical Outlook: Bullish

Reason: Price surge and stays above MA20, MA50 and MA200, MA = Moving Average

Outlook: PBA is testing its resistance 1.27 and if this can breakthrough then 1.48 will be the next target.