Bursa Pilot Group

2021-09-09 17:03:22 MBSB. RM0.635

A breakout from the downtrend line occured and it had formed a nice higher low. Support can be seen at RM0.63 and it is currently retracing sideways above the support. When retracement ends, price will be looking at RM0.69 next key resistance. Open / Comment

2021-09-09 17:03:21 MAYBULK. RM0.75

It broke out of the downtrend line and backtested it successfully. Bullish momentum can be seen, so price may be looking to push higher up. Though, resistances are close around RM0.77 and RM0.82. Open / Comment

2021-09-09 17:03:20 KARYON. RM0.3

It had formed a higher low above RM0.295 small resistance, so that is a bullish sign. As long as it's retracement is healthy, price will have a chance to push further up towards RM0.33 key resistance area. Open / Comment

2021-09-09 17:03:15 HPMT. RM0.61

RM0.585 is a key price zone and it has a fresh breakout from the zone. Resistance broken turns into support, so RM0.585 will be its key support zone from now on. Next key resistance will be at RM0.66 previous high. Open / Comment

2021-09-09 17:03:14 FREIGHT. RM0.835

It broke out of the downtrend line and decent bullish momentum can be seen recently. That may be a signal that price is looking to push upwards. Next key resistance is at RM0.935, so there is quite some upside potential. Open / Comment

2021-09-09 17:03:13 FPI. RM4.07

It broke out from the downtrend line and had a crazy wave upwards. However, price had began retracement and seemed to have found support around RM3.95. It may wash sideways abit then continue with its uptrend wave. Open / Comment

2021-09-09 17:03:12 DPIH. RM0.5

It broke out from the triangle neckline of RM0.44 and had a strong surge wave. Some retracement can be seen recently, so price may pullback slightly then continue it's wave. A support can be placed at RM0.485. Open / Comment

2021-09-09 17:02:10 7 SEP 2021 Market Summary #KLCI ever since a new PM was appointed, had seen superb recovery and rebound. It had successfully climbed above a previous support area and is currently forming a higher low. So our market definitely looks rather #bullish. … Open / Comment

2021-09-07 16:42:51 7 SEP 2021 Market Summary

#KLCI ever since a new PM was appointed, had seen superb recovery and rebound. It had successfully climbed above a previous support area and is currently forming a higher low. So our market definitely looks rather #bullish.

Hence, many sectors have also rebounded strongly. In #Property, a nice higher low can be seen and it is still pushing upwards strongly. Though it is approaching 748 resistance zone, so some profit taking may happen soon.

Strong performers in Property sector include #LAGENDA, #SPSETIA, #ECOWLD.

Similarly in #Construction sector, higher low formed and it is followed by a strong rebound wave. Key resistance is standing at 177 area.

Strong performers among Construction sector will include #WCT, #GAMUDA, #AZRB.

#Technology sector had long been in an uptrend, though it had been in a retracement for some time, it is overall still within healthy price areas. There had been some momentum lately, so it may be looking to resume its uptrend.

Strong performers among Technology would include #GREATEC, #D&O, #MPI.

#Industrialproduct sector had also been seeing very bullish movements, but it had arrived at a resistance area. So, some profit taking may be taking place for the next few days. All #metal related counters generally fall within this category.

Lastly, #Consumerproduct sector had also seen bullish recovery waves, but it is approaching resistance area, so it may be met with some selling pressure. Counters include #GENM, #MSM, #AEON.

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2021-09-07 16:42:07 Open / Comment