$GENTING (3182.MY)$ This comment posted late 'cause more time spent on KLSE index, Gamuda and YTLPower watch .
Yesterday 27Mac2025 Genting closed at 3.32 making a gain of 4 sen.It still managed to sit on the lower edge of the inclining wedge 3.32 and seems to be closely following the sliding 20dayMA,currently at 3.22which serves as meaningful support.For the stock price to maintain the short term upwards momentum, it has to cling tighly on and stay above the 20dayMA.
Today the task for it is to...
Yesterday 27Mac2025 Genting closed at 3.32 making a gain of 4 sen.It still managed to sit on the lower edge of the inclining wedge 3.32 and seems to be closely following the sliding 20dayMA,currently at 3.22which serves as meaningful support.For the stock price to maintain the short term upwards momentum, it has to cling tighly on and stay above the 20dayMA.
Today the task for it is to...
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$YTLPOWR (6742.MY)$ Today it didn't garner suficient strength to breach 3.51 but instead it glided down to fill the 3.27-3.31gap created on 19 and 20 Mac forming a would-be pattern of lower high ? Giving way for a tendency to skid down to get support from its 20DdayMA at 3.20 before it could again gain sufficient strength for the next charge for 3.51? By doing so the 3.12-3.15 gap created on 14Mac-17Mac2025 would be filled in the process. This morning this counter was sold at 3.38 in the hope t...
$GAMUDA (5398.MY)$ It did break through the three hurdles 4.04, 4.10, 4.22 with ease and scaled to a high of 4.33 , just a shade below the strong overhead resistance at 4.40.The meaningful support is at 3.80, its 250MA. Incidentally 4.22 , the price which I sold this morning is 18sen from the overhead resistance of 4.40 and 42sen from the meaningful support of 3.80 .My entry point was 3.85 on 13Mac2025 when the low was supported at 3.72.
Tomorrow it may breach 4.40 and next target would be 4.7...
Tomorrow it may breach 4.40 and next target would be 4.7...
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$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ Attached is yesterday 26Mac2025 posting which may interest you : Today index crossed 1517 with ease but only managed a high of 1526 , a shade below 1535, its 20dayMA.Chances are tomorrow will see it trying to cross 1535 again. However down site risk remains. Slight pull back to 1509 may be anticipated and 2478 remains a strong support. Strictly an opinion.
Yes , the Index did just that,right on dot . It touched and closed at its 20dayMA of 1535.73 , th...
Yes , the Index did just that,right on dot . It touched and closed at its 20dayMA of 1535.73 , th...
$GENTING (3182.MY)$ Today Genting closed at 3.28 ,a 7 sen less than its opening, but all is not lost though, as it managed to sit on the lower edge of the inclining wedge and 20dayMA, both provide good support.For it to be resillient , tomorrow or the days to come, the closing price of Genting would have to stay above the 20dayMA.and the lower edge of the wedge.Tomorrow there is still a fair chance for it to retest the overhead resistance at 3.46.The immediate support would be 3.25 and 3.00.
St...
St...
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$YTLPOWR (6742.MY)$ Today It did not succeed in breaching 3.51, its immediate overhead resistance. Tomorrow may see it attempting to push through it again. If successful , then 3.88 and 3.96 would be the next two hurdles to cross.The two supports would be 3.27 and 3.13 . Strictly an opinion
$GAMUDA (5398.MY)$ Gamuda succeeded in penetrating 4.04 today as projected but failed to breach 4.10, its 20dayMA (refer posts on 21Mac25 and this afternoon).It closed at 4.01 , 9 sen below its overhead resistance.Tomorrow may see it attempting to penetrate 4.04 and 4.10 again , before the first upside target 4.22 is visible . Failing which 3.80, its 250dayMA provides a fairly strong support .
It is noted that Gamuda price has recently crossed above its 250 and 200 day MA and endeavoured to b...
It is noted that Gamuda price has recently crossed above its 250 and 200 day MA and endeavoured to b...
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$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ Today index crossed 1517 with ease but only managed a high of 1526 , a shade below 1535, its 20dayMA.Chances are tomorrow will see it trying to cross 1535 again. However down site risk remains. Slight pull back to 1509 may be anticipated and 2478 remains a strong support. Strictly an opinion.