Case Study and Observations:
Updates on 11:15am:
MRCB: This morning's observation of the MRCB thus far indicates that it may go into consolidation shortly with lower traded volume. The possible candlesticks formation are Hanging Man or Evening Doji. Let's monitor the possible changes throughout next session...
Updates on 10:30am:
This morning KLCI main rotational players are CIMB, Genting, AMMB that support the FBMKLCI:
CIMB: This counter has attempted to break up the newer high of 8.00. Should by end of day, the closing price is above 8.00, the tendency for this counter go further is much higher signaled by the possible Bullish Kicking candlesticks. Otherwise, the tentative support level ranging from 7.92-8.00. Stay side line if below 7.92;
Genting: This counter is in T+7 and T+4 stage, the possible correction or force sell supportive level ranging from 8.99 - 9.06 (around ema14 support);
However, if today's low could hold not lower than 9.18, then we may monitor for possible "wait & see" candlesticks signals of either Harami or Tweezers. Let's monitor through...
AMMB: Still bullish on the rise thus far....
