As discussed in previous post, Gamuda is seen trading within the channel. It rebounded after hitting the support level. the new STOP LOSS should be readjusted to RM2.60, below the channel. We shall continue to observe the performance for next couple days. If strength comes in, it will potentially hit RM3.00.
Archive for August, 2008
Stock Review: Gamuda - Stays within trade channel
Penny Stock Tips: DRB HICOM
It seems like our patience on DRB has been rewarding. After the company announcement on Bank Muamalat acquisition, the price has gone up to the HIGH of RM1.14. It is on the good sign now. However keep an eye. The movement could be short live and one shall exit the trade once the sign [...]
Stock Review: AFFIN Hldg Bhd (Code: 5185)
AFFIN is showing a promising trading opportunity here. However it is approaching the previous congested area at approx RM1.85. Buy and put your STOP at RM1.65 and trail your level as the price progress. A retracement is very likely before it is going to break through the RM1.85 level (some significant strength will be needed).
DynaQuest [...]
Bursa KLOFFE - Trade closed @ 1152.5
I closed the Long trade at 1152.5, the opening price of the next tick after the DOJI came out. My style is to close all trades before the weekend. The KLOFFE does not look like it has any momentum right now (volume is very low). DJIA also does not look good as two tops [...]
Bursa KLOFFE - Long position @ 1146
Long position has been called @ 1146 (after breaking out from 1144.5 level). The price continue to rally till 1155 now. Trail your STOP LOSS @ 1150 level.
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- Bursa CPO - Possible Reflection Point
- Bursa CPO - This is the reflection point
- Bursa CPO - it is just too weak…
- Bursa CPO - lossing strength..
- Bursa KLOFFE - Still looking at short
- Bursa KLOFFE - Down Trend if break 1800
- Will be back…
- Bursa CPO - STOP LOSS still intact..
- Bursa CPO - Trail STOP LOSS to 1837
- bursa CPO - Stopped out! Turn SHORT!
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David Kong