Markets all over the world rebounded last week after moving into a bullish trend correction in the last two weeks. A month ago, the Europe market, benchmarked by the FBMKLCI breaks out from a correction when the index was at 1,200 points and went as high as 1231.49 points before pulling back to test the [...]

With its 20-day moving average turning down and current price action below the 20 and 50-day moving averages, the current trend for Scomi requires much attention. Chart pattern formation suggests that a potential head and shoulders top is in place for Scomi. This is supported by a bearish divergence seen in the MACD coupled with [...]

The recent bullish price and volume action of Axiata supported by the MACD turning positive suggest that it has potential to resume its prior uptrend. A break above its recent high of RM42.58 may trigger an upside target to RM42.77, followed by R M2.92. However with the stochastic oscillator in extreme overbought level, a pullback [...]