Sunday, November 21, 2010

Stocks to watch from TA views:-

TA - Well supported by 20 MA. Classical support (Previous resistance) 0.755. Volume shown sloping down and decreased drastically. (Just profit taking). Either wait for high volume with a bullish reversal signal, or MACD turns into green.

Tebrau - Doji appeared on 18/11/10 and another bullish reversal signal came out on 19/11/10 with higher volume. Just wait for MACD histogram to turn in green or any breakout on the 50/20 MA for a more safety trading. Currently well supported by classical support (the previous lower low). Stochastic in oversold region and is about to form bullish crossover.

KFima- well supported by previous high, 1.33. Rebounded from 20MA. Stochastic is about to form bullish crossover as well. If the FBMKLCI could perform well on next week, most likely will boost all the abovementioned stocks.

E&O - Ascending triangle formed. (Higher low, but same high) Await for breakout on 1.26 or for aggressive players could choose to enter now since its rebounding but the risk reward ratio is not really good.

IJM - wait for breakout as well to break the resistance at 5.70.

Harta - forming Bollinger band squeeze. If it could break above 5.63 would be a good entry.


Ramunia - this is one of the rumours from my uncle's friend. This guy said he has insider news saying that this company is about to announce that they are going to released from the PN7 on December. Believe it or not up to you.



The sectors which look positive are Finance and property.

RHB, Affin, AFG, AMMB are top picks for finance sector

Sunway (wait for breakout), UEMland, IJM, E&O and Tebrau are top picks for property sector

Saturday, November 6, 2010

KLSE: LionDiv (Buy signal confirmed)

Buy signal confirmed on 4/11/10 with high volume. Harami pattern formed on 3/11/10 and white long candle as the confirmation on 4/11/10. MACD green bar formed with smaller size. Stochastic also crossing over.

KLSE: Annjoo (Awaiting for buy confirmation)

Steel sector has been moving strongly recently. Annjoo just break-out from the triangle. And well supported by the middle bollinger band. As we can see, the MACD green bar appeared with smaller bar which is a sign of reversal. Now, wait for confirmation and high volume.