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.

Stock Watch w40: MSPORTS

MSPORTS is currently at a healthy accumulation phase since 11th August, MACD is gradually reaching positive territory and it has high potential to go into distribution phase, with at least 10% upside from TA point of view.

KLSE 2014 Sep29-Oct3 w40 Stocks Focus

This week's stock focus:
                   Entry     Profit Target Stop Loss  Strategy
SCICOM     1.93      2.23               1.77          Ascending Triangle
SYCAL       0.47      0.505             0.435        Flag
KSSC          0.72      0.795             0.675        Flag
BJCORP      0.56      0.62              0.535        Flag

It may take a few weeks for SCICOM to reach profit target, pending on broad market condition

The ideal entry timing for BJCORP will be on Tuesday or Wednesday, after 1-2 days of low volume consolidation, forming a flag pattern before the stock can continue to trend upwards.

KLSE chart show signs of downtrend, caution is required for next week's trading. All the best and Happy Trading!

KLSE 2014 Sep22-Sep26 Stocks Recap (1)

BIG hit an intraday high of 0.93 on 22/9. Eventually form a top on 23/9. Realistic exit case was 0.90, with a profit of 6%.

EFFICEN is in price consolidation, short term recommendation is hold.

IRIS gap up 0.415 on Monday, which was way off entry price, so no game. Eventually the stock retrace back closing just above 20 day MA.

HOMERIZ was gap down opening at 0.875 on Monday. With the adjusted entry price, it finally reached profit target of 0.945 on Friday 26/9, with a 8% profit.

Congratulations for those who profit in BIG and HOMERIZ. Have a nice weekend.

KLSE 2014 Sep15-Sep19 Stocks Recap (2)

CAREPLS just hit intraday high of profit target 0.44 on Friday 26/9 with 10% return! Congratulations for those who are in position.  

KLCI below 200MA for the whole week. Downtrend Confirmed

KLCI traded below 200MA for the week ended 26/9/14. Downtrend is now confirmed. For those retail investors out there please trade with caution next week. The only positive thing is that DJIA traded above the psychological 17,000 on Friday.

KLSE 2014 Sep22-Sep26 w39 Stocks Focus

This week's stock focus:
                   Entry     Profit Target Stop Loss  Strategy
BIG             0.850     0.950            0.78          Momentum
EFFICEN    0.355     0.400            0.305        Momentum
YGL            0.310     0.370            0.260        Ascending Triangle
IRIS            0.40       0.430            0.355        Bounce of resistance
HOMERIZ  0.880     0.950            0.840        Momentum
KLSE is trading at 50MA, caution is required for next week's trading. All the best and Happy Trading!