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, [...]

After the previous post speaking about the weakness, DRB plunged about 7 cents in a day. I hope those that did not sell previously would have respect your STOP LOSS and sold your position. Support could be at RM1.00.

If you’re still holding on the DRB, RM1.05 should be your STOP LOSS. Sell if it breaks through this level. The volume is low and not encouraging at this moment. Up bar with low volume is sign of weakness.

ENGTEX did not appear in the blog for buy recommendation due to the fact that it has reached the dangerous overbought area for sometime already. However it was a “hot counter” and was heavily traded  by many. It is interesting that the stock of a company that has not been performing could have gone up [...]

We bought KUB sometime in mid July and trade was successful after a couple of test on the low. The next resistance will be around RM0.37 - RM0.40. Watch out and trail your STOP LOSS to RM0.375. Good luck!