It seems like DRB is “pushing through the supply” on Friday. After days of going sideway, it finally broke out the resistance with good volume.
Due to the political atmosphere now, this presents a very short term opportunity. Buy now and put your STOP LOSS @ RM0.95. Profit objective could be set at RM1.35. But remember, [...]
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Penny Stock Tips: DRB HICOM - Golden Opportunity?
KLSE Stock Tips: Petronas Dagangan Up Thrust After Profit Announcement
If you have entered previously, you should have exited at RM7.60 or higher level. The accumulation before the big push indicates that a lot of insiders already knew about the news yesterday (about the record high profit of Petronas. 60++ billion ringgit). The accumulation level is usually shows when the price is sideways with not [...]
Keep An Eye at Petronas Dagangan (Code: 5681)
Extremely low trading volume on Petronas Dagangan (Code: 5681) yesterday. Perhaps due to the uncertainty in Parliament. It seems like testing the HIGH @ RM7.50.
It requires trading volume to break through this resistance. Else it will retrace back to RM7.35 if fail to break the resistance.
Keep an eye on the Stop Loss if you have entered.
Stock Review: YTL Power Berhad (Code: 6742)
YTL Power is showing a promising trading opportunity. Volume has started to pick up a little. That could well because of traders who previously trapped in the gapped down are selling off their stocks. Despite of that, the price went up. This could indicates that the market is ready to absorb the selling.
The next Support [...]
Bursa Stock Tips: Petronas Dagangan Berhad
Petronas Dagangan (Code: 5681) is displaying strength on the background (Potential Buying Stock). When there was a drop on 4th July (high volume down bar, close higher than low), it indicates that the market was not interested to push it down further.
With limited risk, recommended to buy if breaks previous high @ RM7.50. Stop Loss [...]
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- Will be back…
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- bursa CPO - Stopped out! Turn SHORT!
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David Kong