Bursa Pilot Group

2022-04-18 14:55:48 Open / Comment

2022-04-14 13:45:27 Construction counter on the move once more? We have been talking about construction sector for quite some time and their performance have always been outstanding as well.
https://www.facebook.com/permalink.php?story_fbid=159877053100157&id=104033462017850

Their movement had slowed down abit in the past week as most of them have moved into a small retracement. However, many construction counters closed a bullish candle today, so this could signal their retracement coming to an end.

Looking at the Construction index chart, momentum is certainly bullish and strong. Another thing is that, there is still some room for it to run before hitting the key resistance around 176. This goes to show that the numerous construction counters do indeed have a chance to continue their bullish wave.
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2022-04-14 13:45:07 Open / Comment

2022-04-14 12:10:27 MSC nice higher low formation and currently looking to push towards RM5.4 resistance.

#BPChartDatabase Open / Comment

2022-04-11 13:50:05 Today's market is overall not very bullish, but plantation sector itself is the winner today. If you look up any plantation counter, they definitely closed a bullish candle today.

Firstly, we must look at FCPO prices to have an idea of how the plantation sector will go. It had a rather sharp retracement after peaking around the 7000 area and recently it began to show signs of bottoming. This could mean the retracement has come to an end as FCPO could be looking to test it's 7000 resistance again soon.

Looking back at our local counters, as usual, there are some that travels faster than the others. In fact, some of them seemed to have move in advance of FCPO.

For instance, TAANN and TSH has broke out from the previous high resistance and surge towards new high areas. As compared to FCPO, which had just begun to rebound slightly.

The majority of the plantation counters all formed a strong bullish candle today. Looking at how strong TAANN and TSH is going, they could lead the rest of the plantation sector to flourish as well.
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2022-04-11 13:49:51 Open / Comment

2022-04-11 12:11:54 ARTRONIQ superb explosion today, surging for 40% gain in a single day

#BPChartDatabase Open / Comment

2022-04-07 13:10:42 We first talked about construction sector back on 16 March and just 2 weeks ago on 25 March, we made yet another post on the movement of construction sector as we identified it as a high potential sector led by the possible upcoming general election.
https://www.facebook.com/BursaPilot/posts/156927653395097

Within the post, we made references to six commonly seen construction counters. So let's make a quick update to see how much their price have changed since we made a post on construction sector.

YTL RM0.515 - RM0.61 (+18.4%)
WCT RM0.505 - RM0.57 (+12.9%)
IJM RM1.58 - RM1.76 (+11.4%)
MRCB RM0.35 - RM0.38 (+8.6%)
GAMUDA RM3.34 - RM3.58 (+7.2%)
EKOVEST RM0.43 - RM0.45 (+4.7%)

This just goes to show the importance of understanding the market and economy as a whole, because they all correlate to each other which can help you identify the next big trend.
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2022-04-06 12:04:26 OWG today closed a nice bullish candle, does this mean it's retracement is coming to an end? New wave beginning soon?

#BPChartDatabase Open / Comment

2022-04-04 16:46:01 The chart above is the price of China Steel, so it has a strong effect on the movement of our local steel counters.

Based on the chart, it has a fresh breakout of the 5100 resistance area which is also why we saw a range of local steel counters pushing upwards today.

If this bullish movement can continue for the next few days, this can signal a very good opportunity for the steel sector. Therefore, you should be aware of some of the steel counters in Bursa, so you don't miss out this potential wave!
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