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.