KLSE 2014 Dec1-Dec5 w49 Stocks Focus

All Malaysian stocks continue its downtrend, which is unhealthy. Looks like funds is going out from this country. This week I will be reverting on stocks that are fundamentally strong for long term investment. Volume and volatility have been steadily declining in last few months and as we can only go long as a retail investor, the stock market has become boring.

This week's stock focus:

                       Return  Entry  Profit Target Stop Loss  Strategy
MITRA          6.1%     1.15    1.22              1.06           Flag breakout

AIRASIA       5.8%     2.58    2.73              2.45           Major resistance breakout

 

MITRA- Wait for flag breakout trading above 1.15 before enter

AIRASIA- Reached major resistance (failed to breakout from this level 6 times) at 2.58 on Friday. Enter only if it can close above 2.58. 7th time lucky?

Happy trading!

KLSE 2014 Nov24-Nov28 w48 Stocks Focus

KLCI continued trending downwards. If next week KLCI traded below minor support of 1807, more downside will be coming. Caution, patience, and a big heart if you buy stocks in KLCI

This week's stock focus:

                       Return  Entry  Profit Target Stop Loss  Strategy
TDEX           8%          0.25    0.27              0.225        Minor Resistance breakout

SYSTECH     13.3%    0.30    0.34              0.245        Minor resistance breakout

 

TDEX- Enter only if it can stay above minor resistance breakout level of 0.25. High risk trade.

SYSTECH- Enter only if it can stay above minor resistance breakout level of 0.30. High risk trade.

I am focusing on tech stocks for now as it is currently the most positive industry in Malaysia. Happy trading!

KLSE 2014 Nov17-Nov21 w47 Stocks Focus

KLCI continued its second wave of downtrend this week. Most of the stocks are under consolidation, please be caution in trading. This week's stock pick will be more fundamental related and they are long term investment. What I mean long term is more than 3 weeks to months.

This week's stock focus:

                       Return  Entry  Profit Target Stop Loss  Strategy
MITRA           6%      1.02    1.08              0.945         Resistance breakout from 1.01

ECONBHD     17%    0.97    1.13              0.91           Symmetrical triangle breakout

 

MITRA- Set for resistance breakout at 1.01, where good news are coming in.

ECONBHD- This stock has been forming symmetrical triangle since August. More upside if breakout happens.

KLSE 2014 Nov10-Nov14 w46 Stocks Recap

NIHSIN start to turn down once market was opened on Monday. No entry.

BORNOIL break above 0.90 and currently forming a flag pattern. Will be a high possibility to hit profit target next week.

SCICOM break above 2.05 on Monday and reach 2.18 of profit target on Tuesday!

Congratulations on those who traded SCICOM and patience is needed for BORNOIL to reach profit target!

KLSE 2014 Nov10-Nov14 w46 Stocks Focus

Before sharing for  this week's stocks focus, I would like to say KLCI is diverting from DJIA. KLCI has turned down for the last week at 1858 while DJIA just reach an all time high. This divergence could be due to KLCI is fundamentally weaker than DJIA. Long term outlook does not look great.

This week's stock focus:

                       Return  Entry  Profit Target Stop Loss  Strategy
NIHSIN           17%     0.50     0.585           0.425         Bounce off MA

BORNOIL       6.2%    0.90     0.955           0.826         Flag breakout

SCICOM         6.3%     2.05    2.18              1.89          Resistance breakout

NIHSIN- Enter only it breakout from 0.50 with high volume.
 

BORNOIL- Enter if flag breakout from 0.890.
 

The riskiest among these 3 stocks, SCICOM finally breakout form strong resistance of 2.04 on Friday.

You can continue to hold winners such as IFCAMSC, MYEG and also SKPRES-WA. Happy trading!

KLSE 2014 Nov3-Nov7 w45 Stocks Recap

SKPRES-WA gap up on Monday 0.310. It continue its uptrend to reach 0.38 on Friday. Return is 22%.

SEAL was not able to break above 1.04 level with high volume. So no game for this stock.

IJACOBS was not able to break above 0.50. So no game for this stock.

High volume breakout seen in MMODE on Wednesday but momentum does not last. Currently having low volume consolidation. As log as it can stay above 0.60. It will reach profit target. Else it is better to sell.

KLSE 2014 Nov3-Nov7 w45 Stocks Focus

Good day! This week's stock focus:

                       Return  Entry  Profit Target Stop Loss  Strategy
SKPRES-WA  8%      0.305   0.330            0.265        Resistance breakout

SEAL               12%    1.04     1.16              0.950        "Resistance" breakout

IJACOBS         32%    0.500   0.660            0.445        Resistance breakout then whipsawed

MMODE          10%    0.600   0.660            0.545        Flag
 

SKPRES-WA breakout from resistance of 0.29. It has potential to go higher if 0.30 can hold.

 

SEAL - Breakout from 1.00 on Friday, the real resistance level stands at 1.04. If it can break above this level with volume, more upside will come. Patient is required
 

IJACOBS - Breakout failed at level 0.50. Potential will go higher if price breaks above 0.50 with high volume.

MMODE - Breakout failed at level 0.60. Potential will go higher if price break above 0.60 with high volume.

I am focusing on stocks that have potential to breakout from resistance as the "hot stocks" such as MYEG and IFCAMSC have increased in a rate that potentially hit profit taking activities in next week. I believe next week is will be a consolidation week for small cap stocks and also blue chip stocks. Happy trading!

 

KLSE 2014 Oct27-Oct31 Stocks Recap

KLCI enjoyed a good week, rose 35 points, breakout from 1850 strong resistance level. Next week will be a key week to test whether 1850 will hold for long term uptrend.

TEKSENG started to move on Friday, closing at 0.865. Patient is required for riding up the trend to its profit target.
 

NIHSIN started to move on Monday, reaching a high of 0.545 on Thursday, Friday stock start to trend down after break time. Profit taking price is 0.520 with 7% gain.

IFCAMSC enjoyed a great upside, closed at 0.685 on Friday with a profit of at least 10%

Congratulations to those who traded NIHSIN and IFAMSC!