Technical signal turned POSITIVE due to:
1. Gap up above MA20 and MA50 today.
2. Stay strong above support at 65 sen

joyvest provided his view on PN17 concern again for the 110th time, share price down 2%.

later some good news come, share price up a lot...

Dejavu?

Round 1: joyvest concerned about PN17 upliftment, Maybank issue initiation report, AAX limit up
Round 2: 9-Aug, joyvest concerned again for the 100th time, AAX initially down 1% but ending is +5%.

joyvest provided his view on PN17 concern again for the 105th time, share price down 1.5%.

later some good news come, share price up a lot...

Dejavu?

Round 1: joyvest concerned about PN17 upliftment, Maybank issue initiation report, AAX limit up
Round 2: 9-Aug, joyvest concerned again for the 100th time, AAX initially down 1% but ending is +5%.

joyvest repeated PN17 concern for 100th time, then share price drop 1% in the morning.

then some fundamental good news come, share price surge 5% rebounded.

this seems familiar like 1 day before maybank report and Limit Up that day...

joyvest is overconfident and thinks that he is better than Maybank.

the fact is no announcement yet, so you cannot say uplifted and also cannot say no upliftment.

I track the share price, a few times joyvest talk negative about PN17 upliftment then share price down 1-2%. But 1-2 days later good news come out. Then share price surged a lot.

1 classic example is 1 day before Maybank issue super positive report, joyvest also talk the same thing. Next day Limit Up.

Golden cross technical trend confirmed, BULLISH ahead.

MA20 consistently above MA50 for the past 5 trading days. AAX withstand the selling pressure and come back stronger.

AAX daily chart has just formed a GOLDEN CROSS which is a bullish sign.

As of yesterday closing price, MA20 cross above MA50.

Golden Cross explanation:

A Golden Cross is a technical analysis term used in financial markets, particularly in the context of stock trading. It occurs when a short-term moving average (such as the 20-day moving average) crosses above a long-term moving average (such as the 50-day moving average) on a price chart. This event is considered bullish and often signals the potential for further upward price movement. Traders and investors may interpret a Golden Cross as a buy signal, anticipating a positive trend in the stock's price.

Daily chart shows it is a strong BREAKOUT above 2-year high level.
This is a BULLISH sign.

Still in downtrend mode. Last week tried to make Golden Cross but looks like it will be a failed one after the surprise loss in Q2.

If today AAX close above RM2.10, then this is confirmed BREAKOUT.
RM2.10 was the highest close in 2 years historically on 28-May-2023.

If close above 2.10 today, next resistance is RM2.50-RM2.60 range.

Yesterday close at 54 sen means strong break out. Next resistance at around RM0.80.

This is the previous peak during these date:
10-Nov-2019
21-July-2019
20-Jan-2019
18-Nov-2018

If today close above 0.505 means a STRONG BREAK OUT technically. Next resistance at around RM0.80.

This is the previous peak during these date:
10-Nov-2019
21-July-2019
20-Jan-2019
18-Nov-2018

RM0.50 strong resistance, it was previous high on these date:
12-March-2021
31-Dec-2020
5-Jun-2020

Big BUY queue at RM1.68 more than 500,000 shares. Small fish don't queue so big volume one.

50 cents strong resistance, it was previous high on these date:

12-March-2021
31-Dec-2020
5-Jun-2020

RSI at 90 = Overbought
Share price way above Bollinger Band 1.51 to 2.29 = Overbought

Will be hard to break through 2.75

Psychological resistance RM1.00 will be hard to break.

RSI signal = overbought.

Bollinger Band signal also overbought because price trading above the upper band.

Conclusion: Time to take profit at above 95 sen

MA20 is RM1.68, if fail to sustain at 1.68 then next support is RM1.48.

Wah, the chart is showing Golden Cross which is a BULLISH sign!

Still uptrend as share price above moving average 20, 50 and 200.

Wah, really downtrend. Result super bad just out last Friday. :(

Confirm not Bearish Engulfing unless suddenly heavy selldown until 1.66

This stock is in downtrend, share price below Moving Average 20, Moving Average 50 and Moving Average 200. Hard to play this kind of stock.

morning green afternoon red bcos want avoid kena UMA again la, u all whack until so much. One day up less than 5 sen, close 1.51 to 1.53 enough don't whack too high.

Now need to get through PN17 by end July, don't simply kena UMA again.

Double Bottom trend remains, still bullish.

Share price is still above all Moving Average 20, 50 and 200. Means uptrend intact.
RSI is reasonable at 58 now.

Double Bottom Bullish trend spotted.

Resistance level as below.
R1 = RM1.48
R2 = RM1.68
R3 = RM2.35

Wah, double bottom technical pattern confirmed.

This is a BULLISH trend spotted.

Immediate resistance RM1.43 and if broken the next target is RM1.68

teknikal OK lagi

Technical outlook still uptrend above all Moving Average 20, 50 and 200.

Close Price: 4.05

MA20: 4.00
MA50: 4.01
MA200: 3.83

Technical outlook still uptrend above all Moving Average 20, 50 and 200.

Close Price: 1.36

MA20: 1.35
MA50: 1.03
MA200: 0.62

Technical outlook:
1. Short term uptrend intact
2. Long term uptrend intact
3. Not overbought yet

Details 1: Short term uptrend confirmed:
Price close above MA20 and MA50.
Last Friday close: RM4.05

Moving Average 20-days: RM3.97
Moving Average 50-days: RM4.01

Details 2: Long term uptrend confirmed:
Price close above MA200.

Last Friday close: RM4.05

Moving Average 200-days: RM3.82

Details 3: RSI at 59 now, still below Overbought level of 70.

Breakout above all moving average 20, 50 and 200! Bullish sign !

In case you all don't know what is INVERTED HAMMER,

It is BULLISH sign.

This inverted hammer thing is a pattern for technical analysis that can spot possible trend reversal in the financial instrument price. Bro, when the open, high, and close prices are like almost the same, and got long shadow on top, and little or no shadow below, then that's it. It's like the buyers push the price up a lot during trading session, but then kena overpowered by sellers, and then the price close near the opening level.

Anyway, if this pattern appears after a downtrend and the next trading session starts with a higher price than the inverted hammer's closing price, it's a good sign.