KLSE 2014 Oct27-Oct31 w44 Stocks Focus

Good day! This week's stock focus:

                   Return  Entry  Profit Target Stop Loss  Strategy
TEKSENG  23%    0.850   1.05              0.760         Ascending triangle

NIHSIN       36%    0.465   0.635            0.390         Pennant

IFCAMSC   18%    0.540   0.640            0.465         Trend following, breakout from resistance

 

TEKSENG is technically forming ascending triangle since early September, the resistance level is 0.85. If broken, more upside is coming.

 

Nice pennant is forming in NIHSIN, bullish Stochastic crossover on Friday. More upside is coming on next week.

 

Strong resistance 0.50 finally broken for IFCAMSC, time to ride up the trend. A risky strategy, but will work providing next week is a bullish week. 

 

DJIA rebounded stronger than expected for the past week, most probably KLSE will follow suit. Pace will definitely slow down as many bullish stocks are reaching short term resistance where profit taking activities will definitely be kicking in.