Wednesday, October 17, 2018

When Heavyweights Dropped

Yesterday we saw a few heavyweights blue chip stocks dropping sharply. Where are the support and resistance and what are their near term outlook?

1. CARLSBG
    Support: RM17.30 (H) & RM16.00 (UPT)
    Resistance: RM18.80 (H) & RM20.00 (H)
    Outlook: Intermediate uptrend line, S1-S1 is still intact.


2. HEIM
    Support: RM17.60 (H) & RM16.40 (H)
    Resistance: RM19.000 (H) & RM20.00 (H)
    Outlook: Intermediate uptrend line, S1-S1 is broken. Long-term uptrend line, SS is intact.  


3. AJI
    Support: RM20.00 (H) & RM19.00 (H)
    Resistance: RM21.00 (H) & RM22.00 (H)
    Outlook: Intermediate uptrend line, S1-S1 broke in June. Sideways movement ahead. 


4. DLADY
    Support: RM63.00 (UPT)
    Outlook: Long-term uptrend line, SS is intact. 



5. F&N
    Support: RM36.00 (H) & RM33.00 (H)
    Resistance: RM38.00 (H) & RM40.00 (H)
    Outlook: Medium-term uptrend line, SS is broken. Sideways movement ahead. 



3. KESM
    Support: RM13.00 (H) & RM10.00 (H)
    Resistance: RM14.60 (H) & RM16.00 (H)
    Outlook: Intermediate uptrend line, SS is broken. Sideways ended. Downtrend has begun.

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