Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
PTARAS (9598) - Technical Analysis
Historical Movement
=============
1) After PTARAS shares price completed rising wedge (before Y2013) on May 2, 2013, it started a strong upward trend. Then, it formed a pennant pattern and breakout upper resistance line and the first level of upward satisfaction as: -
- RM2.545 - RM1.485 = 1.060
- RM2.615 + 1.060 = RM3.675
2) In this study case, PTARAS shares price continued to challenge the second level of upward satisfaction at RM4.735 as below (Learning point: Normally, the shares price will have great pressure of retracement after they challenge the second level of satisfaction): -
- RM3.675 + 1.060 = RM4.735
3) With 2 levels of upward satisfaction, PTARAS shares price has great selling pressure to move upward than it formed a big head shoulder and fall out neckline at RM3.845 on Jun 25, 2015.
GENM (4715) - Technical Analysis
============
1) GENM shares price completed head and shoulders pattern with 282 trading days,
2) There was a breakout on Jan 23, 2020, so we able to calculate the first level of downward satisfaction.
3) The first level of downward satisfaction:
-RM4.000 - RM2.990 = 1.010
-RM2.990 - 1.010 = RM 1.980
4) GENM shares price meets the first level of downward satisfaction, RM1.980 on Mar 13, 2020, but it opened lower at RM1.90 and closed at RM1.980 on the next trading days, Mar 14, 2020.
5) There are two extraordinary day transaction volumes
AIRASIA (5099) - Technical Analysis
===========
1) After 113 trading days consolidation phrase, AirAsia shares price breakout resistance level, RM1.667 and it reduced sharply and significantly on Jan 17, 2020
2) Then AirAsia shares price formed a descending triangle and have a breakout on Feb 27, 2020. Thus, we able to calculate the first level of downward satisfaction.
3) The first level of downward satisfaction:
-RM1.660 - RM1.120 = 0.54
-RM 1.120 - 0.54 = RM 0.58
4) AirAsia shares price meet the first level of drop satisfaction
TOPGLOV (7113) - Technical Analysis with ROE Quarterly movement
Technical Analysis with ROE Quarterly movement
===========================
- Due to Coronavirus breakout, TOPGLOV shares price has been shot-up like a rocket without any resistance. No doubt, this a speculation actions and shares price movement don't reflect company fundamental at all.
- Don't treat your lucks as a skills. Unless, you plans to leave the shares market after this round.
- Overall, we notices that TOPGLOV shares price is hard to sustain above RM6.00 even ROE Q2'18 at 20.68% or virus breakout news lately. Thus, we able conclude RM6.00++ is definely a strong resistance.
- With double bottom reversal measurement, TOPGLOV shares price hit all level of satisfaction point on Jan 28, 2020.
- Vertical volume (From Nov 29'18 to Feb 14'19)
