Wealthory Stock Trading

2022-06-21 04:52:20 KLCI Index made a huge pump after market opened as financial sector flew high.

The following pullback of financial sector dragged down KLCI Index too from the highest point back to the 1445 support region.

So far not so much to monitor from my stock screener, only AMBANK added into my watchlist. I'll continue to monitor and update again later for any potential counter. Open / Comment

2022-06-20 17:42:11 https://www.theedgemarkets.com/article/fbm-top-100-slips-below-10000-first-time-may-2020?type=malaysia Open / Comment

2022-06-20 10:04:59 KLCI Index dropped through its support and hovering around 1440 region. This might be the intermediate support for today, try to monitor if it can breakout here.

Not much counter perform today unless the SFPTECH IPO. Congrats if you chose not to take risk today as what we discussed in meeting last Saturday.

We will monitor again for any potential opportunity today. Open / Comment

2022-06-20 04:10:55 KLCI Index gapped down after market opened. Try to monitor if it can rebound back later.

Support 1445, 1415 Open / Comment

2022-06-19 16:13:32 KLCI index Updates [19/06/2022]

KLCI Index was moving downtrend like what we expected due to the uncertainty and the outcome of US Interest Rate Decision. Hope that everyone escape from this last week. Uncle Powell will have a testifies speech this week and it's likely will be some explanation of current and future inflation situation.

Technical wise, KLCI Index dropped through its two years support since year 2020 at 1480 last week. Overall the market was quite bad last week and it's trying to rebound from 1445. After the long retracement, we may see some short term rebound or sideway movement in this week. Let's see if it can rebound back to around 1480 region.

Resistance 1480, 1500
Support 1445, 1415

Based on this weekly listing, sectors that can be monitored:
1. Banks (HLBANK)
2. Consumer (PADINI)

Other counters that you may try to monitor for the sector above:
1. Banks (RHBBANK, MAYBANK)
2. Consumer (BONIA)

Other sectors that you may try to monitor:
1. Technology (DUFU, FRONTKN) Open / Comment

2022-06-19 15:47:41 Weekly listing for 25th week year 2022:

1. HLBANK
2. PADINI
3. TEXCHEM
4. PERTAMA


4 counters are chosen within 133 counters for this week. The chosen rate is just 3%. Let's see how these counters will perform in this week

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*DISCLAIMER*
Wealthory Stock Trading is a channel which sharing for education and case study purpose. There is no buy/sell call given in this channel. We are not responsible for your trades. You have to trade your own risk and seek for advices from your licensed advisor before making investment decision. Open / Comment

2022-06-19 15:45:51 PERTAMA [19/06/2022]
[Short term]

Resistance 0.905, 0.925, 0.96
Support 0.86
Risk: 3%

Chart is still going sideway but it rebounded strongly from its support and closed at highest point to form a hammer candlestick on last Friday.

MA 20 is downtrending while MA 50 is uptrending and price is standing on both MA lines.

Volume is flowing in slowly and continuously to support its potential breakout signal. Take 0.86 as your support if you're looking to enter.

@WealthoryStockTrading Open / Comment

2022-06-19 15:43:20 TEXCHEM [19/06/2022]
[Short term]

Resistance 3.58, 3.73, 3.89
Support 3.15
Risk: 7%

Chart is still going sideway as overall but it's potential to breakout soon after it sustain on its higher low trend line on last Friday. It might go higher once it breakthrough its intermediate resistance at 3.58.

Both MA 20 and MA 50 are uptrending but price is standing within both MA lines. It needs to breakthrough MA 20 to confirm its uptrend again.

Volume is still low for this counter, try to monitor for a breakout signal with higher buying volume. Take 3.15 as your support if you're looking to enter.

@WealthoryStockTrading Open / Comment

2022-06-19 15:40:32 PADINI [19/06/2022]
[Short term]

Resistance 3.45, 3.58, 3.67
Support 3.25
Risk: 4%

Strong rebound and formed a long tail hammer candlestick on last Friday. You may try to monitor if it can sustain in this week. It might go higher once it breakthrough its intermediate resistance at 3.45.

Both MA 20 and MA 50 are going sideway but price is slightly standing on both MA lines.

Volume is still low for this counter, hope that more buying volume will enter to confirm the rebound signal and push it higher. Take 3.25 as your support if you're looking to enter.

@WealthoryStockTrading Open / Comment

2022-06-19 15:38:02 HLBANK [19/06/2022]
[Short term | Short-mid term]

Resistance 21.30, 21.64, 21.88
Support 20.50
Risk: 2%

Strong rebound from its support and formed a hammer candlestick to breakthrough both MA 20 and MA 50 on last Friday. It might go higher once it breakthrough its intermediate resistance at 21.30.

Both MA 20 and MA 50 are uptrending and price is standing on both MA lines.

Volume started to enter on last Friday to support its rebound signal. Take 20.50 as your support if you're looking to enter.

@WealthoryStockTrading Open / Comment