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Tuesday, June 12, 2018

3 Trading Prospects


 There are a few stocks that are poised to begin their upleg. They are:

1) Binacom

This stock broke above its downtrend line in April. It then moved sideways for 2 months and it broke above the horizontal line at RM0.45 last week.



Chart 1: Binacom's daily chart as at Jun 12, 2018_3.00pm (Source: Shareinvestor.com)

2) Dnex

This stock also broke above its downtrend line in May. It then moved sideways for past few weeks and it finally broke above the horizontal line at RM0.42 last week. Today, it is trading slightly below the breakout level- probably due to forced selling. If it can stay above the RM0.42 breakout level, its upleg may begin.

 
Chart 2: Dnex's daily chart as at Jun 12, 2018_3.00pm (Source: Shareinvestor.com)

3) Prlexus

This stock has broken to the upside of its symmetrical triangle at RM0.75. This could be the begin of its upleg.


Chart 3; Prlexus's daily chart as at Jun 12, 2018_3.00pm (Source: Shareinvestor.com)

Based on technical breakout, these 3 stocks could be potential trading BUYs.

1 comment:

cherryjoy said...

"Nippecraft, Hyflux and Imperium Crown" These stocks have potential too as I got to know from stock signals. What you think about it Alex?