KLSE 2014 Dec8-Dec12 w50 Stocks Focus

KLSE and majority of stocks in Malaysia are in downtrend. In fact, it is the worst performing week for KLSE in more than 3 years shedding -3.9%. So no stock to watch this week and it's time to have a week off from trading. Happy Holidays!!!

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 Oct13-Oct17 w42 Stocks Focus

This week's stock focus:
                   Entry     Profit Target Stop Loss  Strategy
MBSB        2.63      2.89               2.51            Merger happening between CIMB, RHB Cap and MBSB, TP price is 2.89.
IFCAMSC  0.495   0.56               0.435          Trend following
Since DJIA continue its downward spiral, it is better to hold the buying until Wednesday, it is to observed whether US markets have calm down, for a better probability of these stocks will continue their up trend. Happy trading!

Stock Watch w40: CAREPLS

After 1 month, CAREPLS finally break above the strong resistance at 0.42 on Friday with high volume, now trading at 0.435. Technical analysis shows that there are more upside ahead, using previous price rally as reference-new profit taking point is 0.49.

Invalid Double Top in DJIA

Last week I have shared that candlesticks chart showing double top formation. The formation is invalidated and confirmed on Thursday when it successfully breakout from the strong resistance of 17,140. However, note that candlestick chart showed a shooting star pattern on Friday, we may see some sideway consolidation or even retrace down to the new support of 17,140 before the uptrend continues. Happy trading in stocks! :-)