Week In Review: 19 Nov 2017

Quick technical review of the main index and selected counters for week ending 19 Nov 2017. Strictly for illustrative purposes only.

FBMKLCI

  • Downside bias prevails
  • Immediate support at 1,716, whilst immediate resistance at 1,735
  • Oversold in RSI as well as trading below lower Keltner channel

FBMKLCI_19112017

Pantech

  • Potential pullback
  • Downtrend if breaks support at 0.61
  • Immediate resistance at 0.675, next at 0.705

Pantech_19112017.jpeg

Sapura Energy

  • In trading range
  • Immediate support at 1.38
  • Immediate resistance at 1.65, next at 1.75

Senergy_19112017.jpeg

Eupe Corporation

  • Potential pullback (however, not in oversold position yet)
  • May personally consider entry nearer towards 1.05, with potential stop loss @ 0.95 and target exit at 1.30 with reward-to-risk ratio of approx 2.50x

EUPE_19112017.jpeg

Astino

  • More likely to be a possible ‘failure test’ entry
  • Prepare to set strict stop loss at 0.82, with possible target exit at 1.06. Anticipate low reward-to-risk ratio

Astino_19112017.jpeg

DISCLAIMER: THIS IS A PERSONAL BLOG AND SHALL NOT BE RELIED IN WHATSOEVER MANNER BY ANYONE. ALL ARTICLES CONTAINED IN THIS SITE ARE STRICTLY FOR INFORMATION AND ILLUSTRATIVE PURPOSES ONLY AND DOES NOT PURPORT TO SHOW ACTUAL RESULTS. IT IS NOT, AND SHOULD NOT BE REGARDED AS INVESTMENT ADVICE OR AS A RECOMMENDATION REGARDING ANY PARTICULAR SECURITY OR COURSE OF ACTION. SOURCES USED IN THIS SITE HAVE NOT BEEN INDEPENDENTLY VERIFIED FOR ACCURACY, COMPLETENESS AND TIMELINESS. YOU SHOULD SEEK INDEPENDENT AND PROFESSIONAL INVESTMENT ADVICE IN REGARD TO YOUR INVESTMENT DECISIONS. THE AUTHOR MAY HOLD POSITIONS IN THE SECURITIES MENTIONED IN THE ARTICLES.

Author: Ken Utau

Markets Observer + Food Lover

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