Wah, Gamuda is beautifully remained in the channel. The next intermediate resistance level could be as near as RM3.05. For less aggressive traders could exit half (or more) of your position when it touches this level and fall back. It is definitely a retracement. For higher risk trader, trail your STOP LOSS @ the trade [...]

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, [...]

Looking at the chart, SP Setia is possible to have a range bound within the “flag”. That means the fluctuation could reduce and eventually it could either breaks up or down. This will be a small risk trade as the support level is increasing and the trading range is reducing. Put your risk @ RM2.95. [...]

Everyone knows Genting is a quality share. It gives good dividend yield every year. After it has broken out from the RM5.75 resistance, it is going to test the next level @ RM6.20. It seems like the strength is coming in the last few bars. I would buy and put my STOP LOSS @ RM5.60. [...]

Yesterday, DJIA was not doing well after more bad news out from the financial sector. It declined 239 points. I would think that KLOFFE could open low today. So our strategy for the day will be short if it breaks down 1148 level (observe EMA crosses & MACD turn weak). However if it continue to [...]