Some of the stocks begin to look bearish

Some of the stocks on Bursa Malaysia are either in the process of forming or have formed reversal patterns such as 'head and shoulders', 'double tops' or 'triple tops'.

Affin has formed a double tops. Minimum retracement to 1.55

For Berjaya Corp a drop below the neckline (0.84) will confirm the 'head and shoulders'

If stock price continues to drop Berjaya Land form a double tops

Inch Kenneth is heading for 'head and shoulders. Minimum target is 27 sen

If the price continues to drop, IOI Corp will form a triple tops reversal pattern

Once head and shoulders is formed, Kinstel will go below 60 sen

KNM will reach 60 sen (minimum)

Lion Industry is going for double tops

UEM Land - Head and shoulders

Once YTLE goes below 51 sen, 44 sen is the minimum target

From my random samples, about 30% of them showed one of the reversal patterns mentioned above.