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!

Stock Watch w44: TEKSENG

TEKSENG is technically forming ascending triangle for 2 months now, the strong resistance level is 0.85. If this level broken with a high volume, more potential upside is coming. The projected profit target is 1.05. Expect price may be resisted at 1.00 level. The downside to this is that day to day volume is diminishing and bearish Stochastic crossover was confirmed on Friday. If breakout fail, stop loss level is 0.76.

KLSE 2014 Oct27-Oct31 w44 Stocks Focus

Good day! This week's stock focus:

                   Return  Entry  Profit Target Stop Loss  Strategy
TEKSENG  23%    0.850   1.05              0.760         Ascending triangle

NIHSIN       36%    0.465   0.635            0.390         Pennant

IFCAMSC   18%    0.540   0.640            0.465         Trend following, breakout from resistance

 

TEKSENG is technically forming ascending triangle since early September, the resistance level is 0.85. If broken, more upside is coming.

 

Nice pennant is forming in NIHSIN, bullish Stochastic crossover on Friday. More upside is coming on next week.

 

Strong resistance 0.50 finally broken for IFCAMSC, time to ride up the trend. A risky strategy, but will work providing next week is a bullish week. 

 

DJIA rebounded stronger than expected for the past week, most probably KLSE will follow suit. Pace will definitely slow down as many bullish stocks are reaching short term resistance where profit taking activities will definitely be kicking in.

KLSE 2014 Oct20-Oct24 Stocks Recap

KLCI enjoyed a good week, rose 25 points to reach 20 day Moving Average of 1818. I would say next week will be a good week as well, as it seems that DJIA is undergoing a better bullish recovery than expected. A note of caution is that the bullish trend will probably be slow in next week as all stocks will meet with MA resistance.

SMRT open at 0.61 on Monday, reaching intra day high of 0.73, realistic profit taking price is 0.705, with a handsome profit of 15.5%!

ELSOFT reached intraday high on 1.53 on Friday. Realistic selling price is 1.50. Profit is 17%!

SCICOM price closed at 1.88 on Friday (3 days low healthy volume consolidation), currently on track to reach profit target of 2.00.

MYEG opened at 3.51 gapped up on Monday, closed at 3.75 on Thursday with a profit of 6.8%.

Congratulations for those who traded SMRT, ELSOFT, and MYEG! While patience is needed for SCICOM.

KLSE 2014 Oct20-Oct24 w43 Stocks Focus

This week's stock focus:

                   Entry     Profit Target Stop Loss  Strategy
SMRT        0.59       0.635             0.51           Trend following
ELSOFT    1.28       1.36               1.10           Trend following

SCICOM    1.82      0.56               1.63           Trend following

MYEG        3.46      3.65               3.10           Trend following

As DJIA started to rebound,  I expect next week will be a rebound week for KLSE. The "fundamentally good" stocks such as SMRT, ELSOFT, SCICOM and MYEG are good bets for short term rebound. 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!