Archive for January, 2012

Eng Teknologi Technical Analysis

Tuesday, January 31st, 2012

Trading Buy – Eng Teknologi Bhd   (RM1.48) Bursa Malaysia Stock Code 8826 Eng Tek‘s share prices dipped sharply over the past week after the company operation was affected by the Thailand flood. The daily candle broke through the RM1.60 strong support and hasrebounded after hitting a low of RM1.43. The stochastic oscillators are oversold, as […]

SAAG 9652 updates

Monday, January 30th, 2012

Prices 12 Months high 0.395  (14-May-09) low 0.140  (17-Mar-09)The minor support at 0.17 already broken. 0.15/0.14  is the final support level. My Elliot wave reading says it cannot go below 0.14 . Assuming it’s right and 0.14 is the worst it can go, the reward over risk still tremendous. The reward need a lot of […]

E&O stock code 3417 updates

Sunday, January 29th, 2012

Sector: properties 52 weeks high 1.590  (08-Sep-09) 52 weeks low 0.395  (12-Mar-09) click to enlarge: E&O daily chart:    Previously: 1. Correction of earlier uptrend (since Jan 09 – wave 1 to 5)  to 61.8% Fibonacci ratio make it strong likely that a new major uptrend is in development. 2. Bullish inverted head&shoulder pattern finalized. […]

Impact To Genting Malaysia

Sunday, January 29th, 2012

Genting Malaysia  Hold (Share price:  RM3.75 Target price:  RM3.72) Acquiring two companies from GENS Business rationalisation.  We do not expect  Genting Malaysia’s (GENM) proposal  to acquire  two  companies from subsidiaries of its sister company, Genting Singapore (GENS SP; Buy; TP: SGD2.06) for RM50m  to negatively impact its share price  being a business rationalisation decision. Bursa […]

Media Prima Technical Buy

Friday, January 27th, 2012

Trading Buy – Media Prima Bhd Technical Analysis Chart Media Prima Bhd (4502) – Trading/Services – RM2.55. Media’s candles have continued to rise, tracing an uptrend line and climbing above the RM2.50 levels. Its core momentum indicators are already above their respective upper limit lines, but with no signs of weakness as yet, the uptrend […]