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!