Weekly chart.
Immediate resistance zone is between RM11.02 to RM11.60
Week ending 13 July 2018 the price action showed bullish engulfing pattern, after the TheStar publication on 10 July 2018.
What's next ?
Related post, Outlook for technology sector seems promising
Note
: S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Source :
1) Metastock
Daily chart.
Immediate resistance zone is between RM2.44 to RM2.53.
Check out the price action correspond to the current resistance zone back in time around early March 2018.
Since the news on technology sector outlook published by TheStar, the share price had rallied with relatively high volume on two occasions - 10 and 13 July 2018 but failed to break the resistance zone.
Is it waiting for strong catalyst to break the resistance zone ?
Related post, Outlook for technology sector seems promising
Note
: S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Source :
1) Metastock
Daily chart.
Immediate resistance zone is between RM2.37 to RM2.41.
This zone was broken by strong downward price movement with relatively high volume on 10 January 2018.
Take note the last few days price upward movement failed to attract relatively high volume. Also, there is negative divergence between price action and S-Trader Smart Money Index.
Is strong catalyst around the corner ?
Related post, Outlook for technology sector seems promising
Note
: S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Source :
1) Metastock
Hibiscus share price has been trading side-way for most of 4th quarter 2017 until mid of Dec. Then came an interesting article published by Focus Malaysia on Issue # 263 Dec 16-22, 2017. Below is the extract from the article.
However, with the US$25 mil (RM101.43 mil) acquisition on the verge
of being completed, Malaysia’s first listed independent oil and gas
(O&G) exploration and production company has to grapple with some
uncertainties relating to the oilfield.
One of them is that the data on the reservoir is dated (as of 2015).
Additionally, a former O&G engineer says oil production in the North
Sabah oilfields may have a water cut of up to 80%.
A water cut is the ratio of water produced compared with the volume of total liquids from an oil well.
The engineer says in a well-producing oil with 80% water cut, the
cost of handling the wastewater can be as high as US$4/barrel of oil
produced.
“In some parts, water production is increasing as fast as the reservoir oil rates are declining,” he tells FocusM.
For more details, Uncertainties loom over Hibiscus' Sabah oilfield
Thereafter,
the share price experienced minor pullback before the big rally that
pushed the price to a new high of RM1.17 on 15 January 2018.
Daily chart.
Note
: S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Source :
1) Metastock
2) www.focusmalaysia.my
On 26 March 2018, StarBiz reported Kenanga Research maintained outperform on Hai-O Enterprise with an
unchanged target price of RM6 as 9M18 net profit of RM58.6mil came in
within both its and consensus expectations at 70% of full-year
forecasts.
More details, Kenanga maintains outperform on Hai-O.
Recently, StarBiz reported Hai-O Enterprise Bhd’s
net profit fell 12% year-on-year (y-o-y) in its fourth quarter ended
April 30, on the back of lower revenue contribution from its mainstay
MLM business.
More details, Hai-O net profit down on lower contribution from MLM business.
The following day, 28 June 2018, StarBiz reported Affin Hwang Capital Research has a "buy" call for it.
More details, Hai-O "buy".
Weekly chart.
Immediate Support Zone : RM4.39 to RM4.70.
What do you think the outcome ?
Note
: S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Source :
1) Metastock
2) www.thestar.com.my
Yesterday, we posted a case study on Teradyne (NYSE : TER) whether someone knew ahead of the market.
Related post - Teradyne Inc. (NYSE : TER) - Someone Ahead of Market ?
Here is a local version.
Prior to GE14, the price moved higher but smart money activities showed divergence.
On 14 May 2018, the stock market opened after a long weekend due to 2 days public holiday declared by victorious coalition Pakatan Harapan, the stock price rallied with strong market activities (relatively high volume) but it failed to close near it's high of the day - instead around mid-range. Thereafter, the price moved within a narrow range over few days before the big plunge occur.
This action showed the smart money seems to know something ahead of the market.
Daily chart.
Note
: S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Source :
1) Metastock
On 24 April 2018, Teradyne reported revenue of $487 million for the first quarter of 2018 of which $373 million was in Semiconductor Test, $49 million in Industrial Automation, $43 million in System Test, and $23 million in Wireless Test. GAAP net profit for the first quarter was $87.0 million or $0.43 per share.
More details, Teradyne reports revenue and earnings growth in 1st Quarter 2018.
Some points to take note from the announcement.
1) Despite the strong 1st quarter results, the demand outlook for 2018 mobile devices test capacity declined sharply in the quarter and 2nd quarter guidance reflects that revised outlook.
2) Guidance for the 2nd quarter of 2018 is revenue of $490 million to $520 million, with GAAP net income of $0.39 to $0.46 per diluted share and non-GAAP net income of $0.45 to $0.52 per diluted share.
The following day, 25 April 2018, the share price opened with gap down with a lost of $4.46.
The most interesting part is not the announcement day. It was several days before 31 March, as shown with Marker A on the chart below. The side-way price action showed smart money knew ahead of the market.
Daily chart.
With the recent price, as shown by Marker B, few days before 2nd quarter ends.
What do you think the outcome of it ?
Note
: S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Source :
1) Metastock
2) www.teradyne.com
Weekly chart.
Support Zone is between RM13.34 to RM14.90.
Will the price able to withstand the pressure and rebound ?
Related post - KESM Industries Berhad (KLSE : 9334) - What's Happening ?
Note
: S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Source :
1) Metastock
With recent positive news coming out, the share yet to make any major movement. Keep a look out.
Weekly chart.
Here a new S-Trader Expert System been introduced with coloured candlesticks
together with up(bull)/down(bear) arrow.
(Blue candle = Neutral, Green candle = Bullish and Red candle = Bearish).
Note
: S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Source :
1) Metastock
