A Rocky Start To 2020

This is the end of the 2nd week in 2020. Things seem rocky at this juncture

  1. US-Iran tensions (a commercial jet was downed)
  2. Australian worsening bushfires
  3. Wuhan mysterious SARS-like disease
  4. BREXIT soon

Some good positive vibes – we may see a trade deal between China and US? https://www.aljazeera.com/ajimpact/trump-trade-deal-signed-shortly-january-15-200110044931445.html

Some selected stocks in review for this week:

DPharma – Strong uptrend. Appears overbought and may pull-back.

DPHARMA.png

KPJ – Up-trend intact but may face resistance at $0.99.

KPJ.png

Tadmax – potential bearish signs. Trading below the MAs

TADMAX.png

YTL – nice pullback-continuation trend. Potential resistance at $1.10

YTL.png

Pansar –  uptrend remains intact, expect resistance at $0.725

PANSAR.png

VS Industry – uptrend remain intact. Potential resistance @ $1.59.

VS.png

SP Setia – potential rounding bottom?

SPSetia.png

UZMA – uptrend intact as long as it doesn’t fall below support @ $0.90

UZMA.png

This blog post is not an investment advice or endorsement. Please refer to general disclaimer of this blog.

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