(1) Counters that may have rallied once and in correction mode, now should monitors for their respective higher low formation with estimated support around the dynamic Bollinger Middle Band (BMB) as for the next entry point; however, should the formation failed below the BMB, then should put the trailing stop cutloss short practice at or below dynamic BMB;
In fact many counters that we had mentioned throughout our blog here for the last TWO weeks are almost in this group of analyst now; So for those investors who missed this recent rally since TWO weeks ago, may follow those rallied counters like EDEN and observing for the higher low formation and imagine, what if, those counters may perform like the IRCB counter today (typical rally after correction well supported by the BMB, higher low, as illustrated in the chart below);
Other counters to watch: EDEN, AEM, ZELAN, Ranhill, Gpacket & -WA, Xinquan, XDL, Fajar, Daya, Hubline & -WA, etc....
(2) Counters had formed the Bullish Divergence or Double Bottom but have not rally since last TWO weeks are the next counters to watch along the way; the illustration is like the RGB counter as show in the chart below;
Other counters to watch are: RGB, HWGB, LCL, Magna, DBE, Mulpha, Aglobal, Leweko, Harvest, Sumatec, Scomimr, M3Tech, etc...
(Note: This group responded slower to market, and quite dominated by penny counters, higher risk).
OTHER COUNTERS TO WATCH:
CSCSTEL, DIALOG, HAIO, AIRASIA, MEASAT, DNP, E&O, KURASIA, IGB;
