KLCI enjoyed a good week, rose 25 points to reach 20 day Moving Average of 1818. I would say next week will be a good week as well, as it seems that DJIA is undergoing a better bullish recovery than expected. A note of caution is that the bullish trend will probably be slow in next week as all stocks will meet with MA resistance.
SMRT open at 0.61 on Monday, reaching intra day high of 0.73, realistic profit taking price is 0.705, with a handsome profit of 15.5%!
ELSOFT reached intraday high on 1.53 on Friday. Realistic selling price is 1.50. Profit is 17%!
SCICOM price closed at 1.88 on Friday (3 days low healthy volume consolidation), currently on track to reach profit target of 2.00.
MYEG opened at 3.51 gapped up on Monday, closed at 3.75 on Thursday with a profit of 6.8%.
Congratulations for those who traded SMRT, ELSOFT, and MYEG! While patience is needed for SCICOM.
Jason, what is your views on Ifcamsc(0023) and Euro Holdings (7208)?
ReplyDeleteActually IFCAMSC is under my radar, which I will share for next week's stock watch. So stay tune. As for EURO, it is currently undergoing corporate restructuring. From TA, 0.67 is a major resistance level, if price can break and stay above 0.67, more upside will be coming. I see that bullish Stochastic crossover has appeared. MACD line trending into positive, so my view is there is a high possibility it will go higher on next week. E-0.675, first level PT-0.725, SL-0.620.
ReplyDelete