lOMoARcPSD|6309498

Assignment 1 FIN 555 - FIN

Personal Financial Planning/Personal Finance (Universiti Teknologi MARA)

StuDocu is not sponsored or endorsed by any college or university

Downloaded by Luqman Hakim (luqmanulhakim345@gmail.com)
 lOMoARcPSD|6309498

FIN555
ASSIGNMENT 1
“SUPPORT & RESISTANCE AND TRENDLINES”

PREPARED BY:
NAME : SITI NURNATASHA BT ABDUL JABAR
MATRIC NO : 2018659628
GROUP : BA 242 4A

PREPARED FOR:
PUAN SUHAILY MAIZAN ABDUL MANAF

Downloaded by Luqman Hakim (luqmanulhakim345@gmail.com)

 lOMoARcPSD|6309498

TABLE OF CONTENT
CONTENT PAGE

Analysis of Hisbicus Petroleum Berhad 3

Analysis of Velesto Energy Berhad 4

Analysis of Alam Maritim Resources 5

Analysis of KNM Group Berhad 6

Analysis of Bumi Armada Berhad 7

Conclusion 8

Downloaded by Luqman Hakim (luqmanulhakim345@gmail.com)

 lOMoARcPSD|6309498

HIBISCUS PETROLEUM BERHAD (5199)

pennants

Diagram 1
Diagram 1 shown the analysis chart of Hibiscus Petroleum Berhad in Januari 2018
until March 2020. The chart has been analysed with Support and Resistance, Trendlines and
Patterns. Hibiscus Petroleum Berhad engages in the production and sale of crude oil. The
company was founded on December 2007 and headquartered in Kuala Lumpur Malaysia.
As shown in the Diagram 1, early 2018 the price gradually increasing but the first
resistance shown in there. In the chart, the price acts as resistance in between February and
August 2018. After that, the price moving as support within August to December in uptrend
which is the green line in the chart. Support is a price level where the stock tried to find
support when it’s declining.
From the chart we can see that falling wedges appeared in January to June 2018. It
happened when the market is downtrend and expected the price will increase. The breakout
point of a pennant forms very close to the apex.
Other than that, there is also rising wedges in the chart in December 2018 to May
2019. It happened when there is a temporary interruption of a falling trend and the price will
decrease. Both patterns are very similar, consist of converging trendlines that move in a
contracted direction.

In the early 2020, drastically decrease due to the COVID-19 pandemic, there’s
economic crisis happened in the country.

Downloaded by Luqman Hakim (luqmanulhakim345@gmail.com)

 lOMoARcPSD|6309498

VELESETO ENERGY BERHAD (5243)

Diagram 2
In the Diagram 2 shown, the illustrate of analysis chart of Velesto Energy Berhad. The
company provides drilling and oilfield services for the oil and gas industry. The company was
founded in 2002 and headquartered in Kuala Lumpur, Malaysia.
In January 2018, the price drastically declined and act as support in downtrend until
December 2018. At the same time, the price considerable jump as resistance from May 2018
to March 2019.
In the time the price increase and decrease in year 2018, we can see there is falling
wedges showed in the chart. The pattern happened when the price has been falling over time.
The price expected to breaks the upper trend and get higher level price.

In the early 2019, the price previous resistance now acting like support in uptrend
line. The price grew rapidly from January 2019 to November 2019. This is the suitable time
to sell the stock.
The chart above shown, there is Double Top between October 2019 to December
2019. Double Top forms after the stock reach a high price twice with moderate decline
between the two highs. After the double top appeared, the price falls dramatically in the end
of year 2019 and early 2020.
Despite all that, in the meantime of pandemic situation the price is slightly increasing
like it showed in the chart.

Downloaded by Luqman Hakim (luqmanulhakim345@gmail.com)

 lOMoARcPSD|6309498

ALAM MARITIM RESOURCES (5115)

Diagram 3
The diagram above shown the analysis chart of Alam Maritim Resources Berhad. The
company involved in provisions of transportation support services, offshore facilities
construction and installation, and sub-sea services. The company established in 1998.
In the chart above shown, the level price act as support to resistance in downtrend
where the trader could sell their assets. It happened in January until May 2018. As the chart
moving, the level price turned into new support and new resistance in down and uptrend
continuously from September 2018 until May 2019.
In May 2019, the price level acted as support in uptrend line. In the chart, the Falling
Wedges pattern showed in Jun until September 2019. As we know, falling wedges is a pattern
that occur just as the trend makes its downward move. We can see that the trendline decline
above the highs and below the low. The buyers will step in to slow the decline and the price
will break the uptrend line.
When the price level gave a huge increase as a support in the uptrend line. The
Double Top charting pattern appeared between December 2019 and January 2020. It showed
two peaks of the same level price in the chart, meanwhile the neck line is the minimum price.
Generally, regarded the bearish signal, the price will drop drastically below than neck line as
shown in the chart above.
However, the company managed to take care of their assets in order to catch up the
good performance.

Downloaded by Luqman Hakim (luqmanulhakim345@gmail.com)

 lOMoARcPSD|6309498

KNM GROUP BERHAD (7164)

flags

Diagram 4
The diagram 4 above shown the analysis chart of KNM Group Berhad take part in the
provision of management services. They focus on core business on process technologies,
engineering, oil and gas, and many more. The founder of the company is Swee Eng Lee in
1990 and headquartered in Seri Kembangan, Malaysia.
As we can see in the analysis chart above, there is Flags pattern in January to June
2018. Flags is a pattern of parallelogram in which rally peaks and reaction lows can be
connected by two parallel lines. The price moved slowly in the long term and will increased
aggressively after this.
The price level in July 2018, reacted as resistance in the downtrend line and turned to
a new support in April 2019 and the upward trendline slopping means the trend is up to look
for buy signals. By the time, the price level is increasing, another chart pattern found. It is a
Falling Wedges found in an uptrend is considered that the pattern occurs as the market
decline temporarily and the uptrend price level would resume.
In early 2020, after the Falling Wedge pattern appeared on the uptrend line, the price
level still dropping due to the current issues about the coronavirus in the country.

Downloaded by Luqman Hakim (luqmanulhakim345@gmail.com)

 lOMoARcPSD|6309498

BUMI ARMADA BERHAD (5210)

Diagram 5
Diagram 5 shown analysis chart of Armada Bumi Putera Berhad. They provided
international offshore oilfield services. It operates through the following business segments
such as Floating Production & Operations, Offshore Marine Service and many more. The
company was established on December 12, 1995.
In the chart above, we can see there is the price level acted as support in downtrend
line in January to June 2018. At the same time, in the same time period double top pattern
found in the chart. It happened after the price reaches a high price two consecutive times with
a moderate decline between the two high. The price level will falls drastically as shown in the
chart above.
Furthermore, the downtrend line continuously from April 2018 to February 2019. The
price level turned to resistance in October 2018 until October 2019 in uptrend line. The price
rise moderately and significantly until January 2020, it is a good and suitable time for a trader
to sell the stocks. The price level again reacted to a new support in July 2019 to March 2020.

Another new chart pattern exist which is also double top. After the double top pattern
at upward trend line showed, the price level will go down again in the early 2020 because the
country was not in good situation also affected the country’s economic.

Downloaded by Luqman Hakim (luqmanulhakim345@gmail.com)

 lOMoARcPSD|6309498

CONCLUSION

In conclusion, a trader need to determines whether you will make money or

lose it. Spend some time to read through the chart and financial statements at both current and
past to measure the company’s health and assets. In this pandemic situation, most of the
counter having a decline stock due to the economic crisis. This is the situation that we could
not prevent because its involved all people around the world. There must be a way to resolve
and to prevent the declining price stocks at this moment. That’s why we as a trader need to
know how to analyze the chart and how to assume the stock price in the chart in future. We
can’t control the stock price but if we know how to trade the stock in a correct way, we could
gain a lot of profit.
There are a lot of advantages of technical analysis, one of them is they provide all
current information. As we know, we can search them online or go through the trading
website such as Bursa Malaysia, Trading View, iSaham and many more platform that provide
the data. Other than that, we can see the price move in trends, they will show how to read the
chart and how to analyze the chart.
It is not about finding a good company but to find a company that is actually has
better performance in trading market.

Downloaded by Luqman Hakim (luqmanulhakim345@gmail.com)