Archive for February, 2012

Buy Gamuda?

Sunday, February 12th, 2012

Gamuda Bhd (stock code 5398) – Construction – RM3.19 Gamuda’s candles have largely been on the downtrend for the past few months and recently appeared to have bottomed out. It rebounded from a base at RM2.63 and is currently recovering. Its daily RSI is surging ahead accompanied  by bullish MACD and stochastic. It had also […]

Gamuda Latest Technical Outlook

Sunday, February 12th, 2012

This is an update on Gamuda to my previous blog post at klse-stocks/gamuda (suggest to read that first for the continuity plus there a few notes there). Since that day,  Gamuda still on the downtrend down,  last close at 2.61.(click on the chart for full view) This a quote from my previous post: First, the […]

SUNWAY – stock code 4308

Thursday, February 9th, 2012

SUNWAY HOLDINGS   sector : constructionBelow: Sunway daily chart (click to enlarge): 1. The uptrend from Nov 08 to early Aug 09 already corrected to 38% (also a significant Fibonacci level).  Believe so the correction phase is over and now heading to 1.602. Micro double-bottom pattern with higher low.  3.  Vital support at 1.16 zone. (also […]

KWANTAS Trading Buy

Wednesday, February 8th, 2012

Trading Buy – KWANTAS  Corporation Bhd Stock Code 6572 Chart wise: Kwantas Corporation Bhd (6572) – Plantations – RM1.91. above : Kwantas Daily Technical Chart (click to enlarge) Kwantas’s candles have followed market trend by staging a strong runup yesterday to test the upper line on flag formation still inside the flag formation.  In the […]

Malaysia Selection of Stocks Outlook

Wednesday, February 8th, 2012

Malaysia Stock picks (with target price) by ECMLibraEconomy –  2Q11 GDP growth of 4.0% y-o-y shows economy in bottoming process    2Q11 growth dented by weaker external demand and Japan supply disruption   Turnaround expected in 2H11, though susceptible to external conditions Inflation  –  Likely to have peaked in Jul at 3.4% and has declined to 3.3% […]

Quick look at Bursa Malaysia sector index

Monday, February 6th, 2012

This a quick look at KLSE sector indexes. Check the chart for visual confirmation. Only financial, plantation, properties and construction indexes covered here. (click the chart pix for full view). Plantation Index  has the most stable and consistent upward trend. With a ‘defensive sector’ label and less volatile behavior,  plantation index should remain in consistent […]

MHB Technical Chart – Watch For Trading Opportunity

Monday, February 6th, 2012

Chart wise: MHB Bhd (stock code 5186) Sector trading/Services – RM5.89. Currently, MHB is testing the upper limits of its trading band. A breakout on the upside will pave the way for more gains, but failure  to do so will push the price back into the slightly declining trading band. The immediate support is at […]

BRDB – stock code 1473

Friday, February 3rd, 2012

BANDARAYA DEVELOPMENTS BERHAD  sector : properties  price: 1.591. Well corrected (68% Fibonacci rebound).  2. Multiple (different wave scale reading) : Both Elliot immediate and minor wave ‘agree’. Think so Elliot minor wave 2 (white numbering) in the making, could end anytime. Bullish wave 3 should come very soon. Elliot immediate bullish wave 3 (blue numbering) […]