Needless to say, everyone knows that SCOMI is heavily involve in the Oil & Gas sector. Even though the sector has been going down in these couple weeks due to the weaken crude oil price, but most of it’s contracts have been locked in previously. The crude price should not be significantly affecting it’s profit, at least not in short term.

Right now it is on the up trend and within a trade channel. This is a buying opportunity it is at the support. Buy @ Support, Sell @ Resistance. Buy now and put your STOP LOSS at RM0.65. Trail your stop along the channel.

Dynaquest Rating: 4.5

You Should Also Check Out This Post:

• 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

More Active Posts:

• Bursa KL Composite Index Monday 14-July 2008 Outlook (2)
• KLSE Stock Tips: Petronas Dagangan Up Thrust After Profit Announcement (2)
• Bursa CPO - Short..Did you? (2)
• Stock Review: YTL Power Berhad (Code: 6742) (1)
• Bursa KLOFFE - Time to go for short term trade (1)
• Stock Review: Public Bank BHD (Code: 1295) - Accumulation Stage! (1)
• Penny Stock Tips: KUB Malaysia Berhad (1)
• Bursa Stock Tips: Ramunia - Buying Opportunity - STOP LOSS @ RM1.60 (1)