Fin555 Individual Assignment Erni Nazirah Binti Shahrel 2022910389 Ba2424e

TECHNICAL ANALYSIS
FIVE SHARIAH
COUNTERS
INTRODUCTION TO TECHNICAL ANALYSIS (FIN555)

INDIVIDUAL ASSIGNMENT
PREPARED FOR: DR. MUHAMAD SUKOR BIN JAAFAR
PREPARED BY: ERNI NAZIRAH BINTI SHAHREL
ID STUDENT: 2022910389
GROUP: BA2424E
FIN555
INTRODUCTION
Technical analysis can be defined as the process of predicting the price movement
of tradable instruments using historical trading charts and market data. As a result,
investors will be able to identify potential short and long-term investment
opportunities. It is widely used in behavioral finance and quantitative research to assist
analysts in analyzing trends in securities trading.
In this assignment, I used chart nexus software, which is a financial charting

software that can view and analyze stock charts from the world's leading stock
exchanges. I have selected 5 Shariah counters that are listed in Bursa Malaysia such as
CITAGLB, CJCEN, CHHB, CHINHIN, and CDB. The reason for selecting a counter is to look
for indicators that show the stock of buying and selling signals on the last day of
trading. The Moving Average, Rate of Change (ROC), Moving Average Convergence
Divergence (MACD), Relative Strength Index (RSI), and Stochastic are the five indicators
that must be examined in a stock chart.
CHART STOCK ANALYSIS
CITAGLOBAL BERHAD (CITAGLB)
BACKGROUND OF THE COUNTER

Citaglobal Bhd (CITAGLB) is a Malaysian investment holding

company that manufactures and trades steel products on a global
scale. The company is also involved in construction and civil
engineering, renewable energy businesses, bauxite production and
processing, mineral resource trading, precision engineering for the
oil and gas sectors, and power generation and power solutions.
INDICATORS
M O V I N G A V E R A G E
From the chart above, by using the Moving Average indicator on the date of 25 August 2022, with a close price of RM0.90, there is
a signal to buy the stock because the share price (black line) intersects with the Moving Average (red line). Next, on 8 November
2022, with a close price of RM1.45, it shows a signal to sell the stock due to an increase in the share price, as well as a crossover
between the Moving Average line and the share price line. When the price of a stock is rising, selling it is the best option.
Investment Return
Capital Return (RM) Selling price – Buying Price
Selling price – Buying price Buying Price
RM1.45 – RM0.90 = RM0.55 RM1.45 – RM0.90 x 100% = 61%
RM0.90
R A T E O F C H A N G E ( R O C )
The chart depicts an indicator from the Rate of change (ROC) that indicates when to buy and sell stocks. The overbought line value
was recorded at 14.508 while the oversold line value was recorded as -14.508. On 7 March 2022, the green line crossed the oversold
line with a value of -20%, indicating a buying signal with a price of RM0.80, whereas on 21 March 2022, the green line crossed the
overbought line with a value of 15.6%, indicating a selling signal with a price of RM0.925
Investment Return
RM0.925 – RM0.80 = RM0.125 RM0.925 – RM0.80 x 100% = 15.63%
RM0.80
M A C D
The above graph depicts the signal for buying and selling stocks using the MACD indicator. The overbought line is plotted at 0.054,
and the oversold line is plotted at -0.054. On 8 September 2015, a blue line crossed the oversold line with a value of -0.099,
indicating a buying signal because the crossover occurred below the signal line. The buying price close at RM1.962. However, on 28
October 2015, the blue line increased until it crossed the overbought line with a value of 0.104, indicating a selling signal with a price
of RM2.646. A powerful signal is made when the blue line is below the oversold line and exceeds the overbought line.
Investment Return
RM2.646 – RM1.962 = RM0.684 RM2.646 – RM1.962 x 100% = 34.86%
RM1.962
R E L A T I V E S T R E N G T H I N D E X ( R S I )
The RSI indicator can be used to show the buying and selling signals. The oversold line value is plotted at 30% on the chart above,
and the overbought line value is plotted at 70%. On 7 March 2022, the RSI line broke and touched the oversold line with a value of
9.1%. Because the RSI line is below the oversold line, it automatically shows a buying signal with a price of RM0.80. The RSI line then
breaks the overbought line with a value of 88.9% on 13 April 2022. Because it crossed above the overbought line, it automatically
indicates a sell signal at RM1.10.
Capital Return (RM) Investment Return
Selling price – Buying price Selling price – Buying Price
RM1.10 – RM0.80 = RM0.30 Buying Price
RM1.10 – RM0.80 x 100% = 37.5%
RM0.80
S T O C H A S T I C
The Stochastic indicator can be used to determine when to buy and sell signals. According to the graph, the oversold line value was
20%, while the overbought line value was 80%. For buying signals, the stochastic occurs when the percentage of k is below the oversold
line, and for selling signals, it occurs when the percentage of k is above the overbought line. So, according to the chart, on 14 April 2021,
the percentage of k is 12.5%, which is below the oversold line, indicating a buying signal with a price of RM0.80. However, on 27 April
2021, the percentage of k is 80%, which touched the overbought line, so it indicated a selling signal with a price of RM1.075.
Investment Return
RM1.075– RM0.80 = RM0.275 RM1.075 – RM0.80 x 100% = 34.38%
RM0.80
CJ CENTURY LOGISTICS BERHAD (CJCEN)
BACKGROUND
CITAGLOBAL OF THE
BERHAD COUNTER
(CITAGLB)
CJ CENTURY LOGISTICS BERHAD (CJCEN)
CJ Century Logistics Holdings Berhad (CJCEN) is a Malaysian investment

holding company that specializes in supply chain management. Total
logistics services and Procurement logistics services are two of the
company's segments. The total logistics services segment includes freight
forwarding services, warehousing services, oil and gas logistics services,
road transportation services, and data management services. However,
contract manufacturing of electrical products and assembling services
are included in the Procurement logistics services segment.
INDICATORS
The chart depicts a Moving Average indicator that indicates when to buy and sell stocks. On 4 January 2022, the share price (black
line) intersects with the Moving Average line (red line), indicating a buy signal with a close price of RM0.544. The share price then
crossed the line of the Moving Average again on 22 February 2022, indirectly showing selling signals with a close price of RM0.587.
Selling stocks at a higher price allows investors to profit significantly.
Investment Return
RM0.587 – RM0.544 = RM0.043 RM0.587 – RM0.544 x 100% = 7.90%
RM0.544
The chart depicts a Rate of Change (ROC) indicator that indicates when to buy and sell stocks. The overbought line was recorded at
8.838 and the oversold line was recorded at -8.838. On 6 December 2021, the green line crossed the oversold line with a value of
-11.5%, indicating a buying signal with a price of RM0.524. However, on 8 February 2022, the green line crossed the overbought line with
a value of 11.5%, which occurred above the line, indicating a selling signal with a price of RM0.612.
Investment Return
Capital Return (RM)
Selling price – Buying Price
Selling price – Buying price
Buying Price
RM0.612 – RM0.524 = RM0.088
RM0.612 – RM 0.524 x 100% = 16.79%
RM0.524
M A C D
The MACD indicator can be used to track investor signals for buying and selling stocks. The overbought line is marked with 0.011, while the oversold line
is marked with -0.011. On 12 July 2022, a blue line with a value of -0.033 crossed the oversold line, this shows a buying signal because the crossover
occurred below the signal line with the buying price amount of RM0.437. To maximize profits, investors should buy stocks at the lowest possible price.
Next, the blue line then increased until it crossed and broke the overbought line on 17 August 2022, with a value of 0.0136, this shows a selling signal with
a close price of RM0.539. When the blue line is below the oversold line and above the overbought line, a strong signal is generated.
Investment Return
Capital Return (RM)
Buying Price
RM0.539 – RM0.437 = RM0.102
RM0.539 – RM0.437 x 100% = 23.34%
RM0.437
According to the chart above, the oversold line value is plotted at 30% and the overbought line value is plotted at 70%. The RSI line
crossed the oversold line by 10% on 23 March 2015. So, because the RSI percentage is below the oversold line, a buy signal with a
price of RM0.568 is automatically displayed. The RSI line then crosses the overbought line with a value of 92.9% on 20 April 2015. It
automatically indicates a sell signal at RM0.802 because it crossed above the overbought line.
Capital Return (RM) Investment Return

Selling price – Buying price Selling price – Buying Price
RM0.802 – RM0.568 = RM0.234 Buying Price
RM0.802 – RM0.568 x 100% = 41.20%
RM0.568
S T O C H A S T I C
The graph shows that the oversold line value was 20% and the overbought line value was 80%. On 26 September 2011, the percentage
of k is 5.6%, which is below the oversold line, indicating a buying signal with a price of RM0.335. The stochastic occurs for buying signals
when the percentage of k is below the oversold line. On 14 October 2011, the percentage of k is 100%, which has crossed the overbought
line, so the signal is a selling signal with a price of RM0.366. Selling signals occur when the percentage of k is greater than the
overbought line.
Investment Return
RM0.366 – RM0.335 = RM0.031 RM0.366 – RM0.335 x 100% = 9.25%
RM0.335
COUNTRY HEIGHTS HOLDINGS BERHAD (CHHB)
BACKGROUND
CITAGLOBAL OF THE
BERHAD COUNTER
(CITAGLB)
COUNTRY HEIGHTS HOLDINGS BERHAD (CHHB)
Country Heights Holdings Berhad (CHHB) is a conglomerate company

based in Malaysia. The Company is engaged in property development
and investments, hotel and resort management, healthcare, event
planning and exhibitions, and timeshare. Its segments include Healthcare,
Resorts & Hospitality, Exhibition & Convention, and Property.
INDICATORS
According to the graph, the Moving Average begins to angle up in early May, indicating that the price is expected to rise during this time period. In the
middle of May, the Moving Average begins to angle down, indicating that the price has entered a downtrend. On 15 April 2009, a buy signal was
generated by the intersection of the moving average line and the share price, which was RM0.75 at the time. As a result, this time is the best time for
investors to sell their stocks. After a few days, the Moving Average began to angle downward, and the price began to fall. On 15 May 2009, a sell signal
was generated when the share price (black line) and the Moving Average (red line) intersected, with a selling price of RM0.853. As a result, this time is
the best time for investors to sell their stocks.
Investment Return
RM0.853 – RM0.75 = RM0.103 RM0.853 – RM0.75 x 100% = 13.73%
RM0.75
From the chart above, the overbought value was 6.669 and the oversold value was -6.669.On the date 17 December 2019, the green
line crossed the oversold line with a value of -10.4%, indicating buying signal with a price of RM1.12. However, after a month, the green
line begins to angle up indirectly the price was increased at this time, so it indicated a selling signal. On 24 January 2020, the green
line crossed the overbought line with a value of 8.1%, which occurred above the line, indicating a selling signal with a price of RM1.20.
Investment Return
Capital Return (RM)
Buying Price
RM1.20 – RM1.12 = RM0.08
RM1.20 – RM1.12 x 100% = 7.14%
RM1.12
M A C D
The MACD indicator's signal for buying and selling stocks is depicted in the chart above. The overbought line was plotted at 0.012, and the oversold line
was plotted at -0.012. On 17 April 2012, the crossover of the MACD (blue) and signal (red) lines at a value of -0.0133 was considered a buying signal with
a close price of RM1.003. As a result, when the price is falling, investors must decide quickly whether or not to purchase the stock. Following that, the
blue line increased for 2 months until it reached the overbought line on 14 June 2012, with a value of 0.0116 considered a selling signal with a close price
of RM1.113. Therefore, investors should sell their stocks during this period to get maximum profits.
Investment Return
Capital Return (RM)
Buying Price
RM1.113 – RM1.003 = RM0.11
RM1.113 – RM1.003 x 100% = 10.97%
RM1.003
On the chart above, the oversold line value is 30% and the overbought line value is 70%. On 28 October 2022, the RSI line crossed the
oversold line by 23.1%. Because the RSI percentage is below the oversold line, a buying signal with a price of RM0.345 is displayed
automatically. Next, after 2 months, the RSI line then crosses the overbought line with a value of 77.8% on 1 December 2022. Because the
line crossed above the overbought line, it automatically indicates a selling signal at a close price of RM0.445.
Investment Return
Capital Return (RM)
Buying Price
RM0.445 – RM0.345 = RM0.1
RM0.445 – RM0.345 x 100% = 28.99%
RM0.345
S T O C H A S T I C
The oversold line value was marked at 20% in the chart above, and the overbought line value was marked at 80%. On 6 September 2013, the crossover of
stochastic lines below the oversold line indicates a buy signal for stochastic. The buy signal is generated because the percentage of k is less than the
oversold value which is recorded at 4.3%. The stock price close at RM1.067. As a result, investors should buy stocks during this time period. Meanwhile, on
25 September 2013, the crossover of stochastic lines broke above the overbought line, indicating a sell signal. The sell signal is generated because the
percentage of k is greater than the overbought value which is recorded at 88.9%. At this time, the stock price close at RM1.12, it is advised that investors sell
their stocks during this time period.
Investment Return
RM1.12 – RM1.067 = RM0.053 RM1.12 – RM1.067 x 100% = 4.97%
RM1.067
CHIN HIN GROUP BERHAD (CHINHIN)
BACKGROUND
CITAGLOBAL OF THE
BERHAD COUNTER
(CITAGLB)
CHIN HIN GROUP BERHAD (CHINHIN)
Chin Hin Group Berhad (CHINHIN) is an investment holding company

based in Malaysia. From upstream, such as building materials
manufacturing, construction, and engineering, to downstream, property
development, and home and living solutions, the company provides end-
to-end solutions. The Company's segments include Investment holding
and management services like Manufacturing of fire-rated and wooden
doors.
INDICATORS
Using the Moving Average indicator, there is a signal to buy the stock on the date of 18 July 2022 with a close price of RM1.64, because the share price
(black line) intersects with the Moving Average (red line). After a month, on 18 August 2022, with a close price of RM2.42, it shows a sell signal due to an
increase in the share price, as well as a crossover between the Moving Average line and the share price line. When the price of a stock rises, it is best
to sell it.
Investment Return
RM2.42 – RM1.64 = RM0.78 RM2.42 – RM1.64 x 100% = 47.56%
RM1.64
A Rate of Change (ROC) indicator is depicted in the chart, which indicates when to buy and sell stocks. The overbought line was at
6.255, and the oversold line was at -6.255. The green line crossed the oversold line with a value of -10.3% on 9 January 2019, indicating
a buying signal with a price of RM0.217. As a result, investors should buy their stocks during that period because the price is lower.
However, on 21 February 2019, the green line crossed the overbought line with a value of 6.3%, indicating a selling signal with a price of
RM0.238. As a result, investors should sell their stocks at this time because the price is higher, and they will profit more.
Investment Return
Capital Return (RM)
Buying Price
RM0.238 – RM0.217 = RM0.021
RM0.238 – RM0.217 x 100% = 9.68%
RM0.217
M A C D
The above chart depicts the MACD indicator's signal for buying and selling stocks. The overbought line was plotted at 0.008, while
the oversold line was plotted at -0.008. The crossover of the MACD (blue) line crossed the oversold line with a value of -0.0111 on 19
March 2020, and it is considered a buying signal with the buying price at RM0.147. After two months, on 27 May 2020, the MACD line
crossed over and touched the overbought line at a value of 0.008, and this was considered a selling signal with a selling price of
RM0.204.
Investment Return
Capital Return (RM)
Buying Price
RM0.204 – RM0.147 = RM0.057
RM0.204 – RM0.147 x 100% = 38.78%
RM0.147
The RSI indicator can be used to show the buying and selling signals. The oversold line value is plotted at 30% on the chart above, and the overbought line
value is plotted at 70%. On 20 June 2022, the RSI line crossed the oversold line with a value of 20.4%. Because the RSI line is below the oversold line, it
automatically shows a buying signal with a price of RM1.595. Therefore, at this period investors should buy the stocks because the price is dropping. Next,
after 2 months, the RSI line then breaks the overbought line with a value of 89.4% on 4 August 2022. Because it crossed above the overbought line, it
automatically indicates a sell signal at RM2.685. Hence, at this period investors should sell their stocks in order to maximize their profits.
Investment Return
Capital Return (RM)
Buying Price
RM2.685 – RM1.595 = RM1.09
RM2.685 – RM1.595 x 100% = 68.34%
RM1.595
S T O C H A S T I C
The graph shows that the oversold line value was 20% and the overbought line value was 80%. The stochastic occurs when the
percentage of k is below the oversold line for buying signals and when the percentage of k is above the overbought line for selling
signals. So, according to the chart, the percentage of k on 30 August 2018 is 7.7%, which is below the oversold line, indicating a buying
signal with a close price of RM0.233. However, on 9 October 2018, the percentage of k was 100%, crossing the overbought line indirectly,
indicating a selling signal with a close price of RM0.236.
Investment Return
RM0.236 – RM0.233 = RM0.003 RM0.236 – RM0.233 x 100% = 1.29%
RM0.233
CELCOMDIGI BERHAD (CDB)
BACKGROUND
CITAGLOBAL OF THE
BERHAD COUNTER
(CITAGLB)
CELCOMDIGI BERHAD (CDB)
Celcomdigi Berhad (CDB) provides telecommunication services. The

company is part of the Telenor Group, a global telecommunications
provider. Digi's Telecommunications Sdn. Bhd. is the company in
charge of Digi's mobile service operations.
INDICATORS
From the chart shown, the Moving Average begins to angle up in the middle of October and continues until the middle of
November, indicating that the price is rising during this time. This is an excellent time for investors to purchase stocks. On 24
September 2007, a buying signal appeared from the share price and Moving Average line crossover, with a buying price of RM0.983.
After a month, on 21 November 2007, this is the best time for investors to sell stocks, as the sell signal appeared again from the
Moving Average and share price junctions, with a selling price of RM1.265.
Investment Return
RM1.265 – RM0.983 = RM0.282 RM1.265 – RM0.983 x 100% = 28.69%
RM0.983
From the chart above, the overbought value was 7.191 and the oversold value was -7.191. On the date 28 June 2018, the green line
crossed the oversold line with a value of -12.2%, indicating buying signal with a price of RM3.324. However, after a month, the green
line begins to angle up indirectly the price was increased at this time, so it indicated a selling signal. On 18 July 2018, the green line
crossed the overbought line with a value of 11.3%, which occurred above the line, indicating a selling signal with a price of RM3.876.
Investment Return
Capital Return (RM)
Buying Price
RM3.876 – RM3.324 = RM0.552
RM3.876 – RM3.324 x 100% = 16.61%
RM3.324
M A C D
The MACD indicator's signal for buying and selling stocks is depicted in the above chart. The overbought line was plotted at 0.051,
and the oversold line was plotted at -0.051. On 2 March 2021, the crossover of the MACD (blue) line crossed the oversold line with a
value of -0.077, and it is considered a buying signal with a buying price of RM3.288. When the price of a stock dropping, it is best to
buy it. After one month, on 9 April 2021, the MACD line increase indirectly crossed the overbought line at 0.055, indicating a selling
signal with a selling price of RM4.166. So, when the price of a stock rises, it is best to sell it.
Investment Return
Capital Return (RM)
Buying Price
RM4.166 – RM3.288 = RM0.878
RM4.166 – RM3.288 x 100% = 26.70%
RM3.288
In the chart above, the oversold line value is 30% and the overbought line value is 70%. On 16 March 2018, the RSI line crossed the
oversold line by 7.3%. Because the RSI percentage is below the oversold line, a buying signal with a price of RM3.757 is displayed
automatically. Next, after 2 months, the RSI line then crosses the overbought line with a value of 80% on 18 May 2018. Because the line
crossed above the overbought line, it automatically indicates a selling signal at a close price of RM3.931.
Investment Return
Capital Return (RM)
Buying Price
RM3.931 – RM3.757 = RM0.174
RM3.931 – RM3.757 x 100% = 4.63%
RM3.757
S T O C H A S T I C
In the chart above, the oversold line value was marked at 20%, and the overbought line value was marked at 80%. On 30 December 2016, the crossover of
stochastic lines below the oversold line indicates a buy signal. The buy signal is generated when the percentage of k is less than the oversold value.
Based on the chart, it is recorded as 0% while the stock price closed at RM3.81. As a result, during this time period, investors should buy stocks. Next, the
crossover of stochastic lines then broke above the overbought line two months later which is on 7 February 2017, indicating a sell signal. The sell signal is
generated when the percentage of k is greater than the overbought value which is recorded at 88.9%. At this time, with the stock price closing at RM4.022,
it is recommended that investors should sell their stocks.
Investment Return
RM4.022 – RM3.81= RM0.212 RM4.022 – RM3.81 x 100% = 5.56%
RM3.81

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TECHNICAL ANALYSIS

INTRODUCTION TO TECHNICAL ANALYSIS (FIN555)

In this assignment, I used chart nexus software, which is a financial charting

BACKGROUND OF THE COUNTER

Citaglobal Bhd (CITAGLB) is a Malaysian investment holding

CJ CENTURY LOGISTICS BERHAD (CJCEN)

CJ Century Logistics Holdings Berhad (CJCEN) is a Malaysian investment

Capital Return (RM) Investment Return

COUNTRY HEIGHTS HOLDINGS BERHAD (CHHB)

Country Heights Holdings Berhad (CHHB) is a conglomerate company

CHIN HIN GROUP BERHAD (CHINHIN)

Chin Hin Group Berhad (CHINHIN) is an investment holding company

CELCOMDIGI BERHAD (CDB)

Celcomdigi Berhad (CDB) provides telecommunication services. The

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