David Thomas

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I am David from Livermore Analytics, we provide trading assistance, TA & FA analysis of stocks.

Joined Nov 2019

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Technically, it is not looking good for SLVEST as it's 20-Day Moving Average is sloping downward and its price action is below the Moving Average line. The recent downward movement in price has brought us to the technically important level of 1.26. Failure to find support at this level may accentuate the bearisn move. The indicator analysis on RSI is not exhibiting any extreme condition. Watch out for the 30% and 70% levels which indicate any oversold and overbought condition respectively.
2 years · translate
MBM Resources has rebounded from its low to test the immediate resistance of RM3.94. With a rising RSI, a bullish bias may be present above this mark with target prices of RM4.06 and RM4.13. Support is anticipated at RM3.85, whereby traders may exit on a breach to avoid the risk of a further correction. Wp,60,11,59,67,17,40

Trading Call: Buy upon breakout above RM3.94
4 years · translate
The stock has been range-bound during recent sessions. Higher trading volume was recorded in the latest session. With the momentum indicator RSI above 50%, there is a possibility it will break above the resistance price of RM1.08, and move towards the target prices of RM1.20 and RM1.25. The immediate support is anticipated at RM1.00, whereby traders may exit on a breach to avoid the risk of a further consolidation. Wp,60,11,5967,1740

Trading Call: Buy upon breakout above RM1.08
4 years · translate
Jaycorp may soon test the RM1.15 resistance level. With a rising RSI, a bullish bias may be present above this mark with short-term target price of RM1.20 and RM1.25. It may continue moving sideways if it fails to cross RM1.15 in the near term. The downside support is then anticipated at RM1.10, whereby traders may exit on a breach to avoid the risk of a further correction. Wp,60,11,5967,1740

Trading Call: Buy upon breakout above RM1.15
4 years · translate
DGB is attempting to pick up on its prior uptrend following a halt on the recent pullback. Slightly improved RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.1800 be broken, it may continue to lift price higher to subsequent resistance level of RM0.190. Wp 60,11,5967,1740

However, failure to hold on to support level of RM0.150 may indicate weakness in the share price and hence, a cut-loss signal.
4 years · translate
Power Root may soon test the RM2.24 resistance level. With an RSI above 50%, a bullish bias may be present above this mark with target prices of RM2.40 and RM2.50. Meanwhile, it may continue moving sideways if it fails to cross RM2.24 in the near term. Support is then anticipated at RM2.08, whereby traders may exit on a breach to avoid the risk of a further correction.
4 years · translate
Teo Seng Capital has rebounded from its low to test the immediate resistance level of RM1.36. With a rising RSI, a bullish bias may be present above this mark with target prices of RM1.43 and RM1.47. If it dips below RM1.36, expect a sideway consolidation again. In this case, the immediate support is anticipated at RM1.30, whereby traders may exit on a breach to avoid the risk of a further correction.
4 years · translate
JHM Consolidation surged past the RM1.44 resistance price in its latest session with higher trading volume. With the momentum indicator RSI above 70%, the short-term momentum could reach a target price of RM1.52, followed by RM1.60. If it dips below RM1.44, it will continue to move sideways and consolidate. The support price is anticipated at RM1.35 whereby traders may exit on a breach to avoid the risk of a further correction. Wp 60,11,5967,1740
4 years · translate
This stock has been consolidating range-bound during recent sessions. As the momentum indicator RSI has moved above 50%, there is a possibilibity it will break the immediate resistance of RM3.12, with a target price of RM3.26 followed by RM3.40. On the downside, the support price is anticipated at RM2.98 whereby traders may exit on a breach to avoid the risk of a further correction.
4 years · translate
Possible for upside. 
The stock is currently well-supported following its recent pullback. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.300 be broken, it may continue to lift price higher to subsequent resistance level of RM0.320.

However, failure to hold on to support level of RM0.275 may indicate weakness in the share price and hence, a cut-loss signal.
4 years · translate
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