BENALEC HOLDINGS BERHAD
(Source: tradesignum.com)
After yesterday's huge selloff due to poor earnings, the RM0.90 support level is likely to be tested. This level could be a good level for a scalp trade (a quick intraday trade made for a 1/1.5 cent gain , just a tiny bounce).
Should the RM0.90 level be broken, the strong support at RM 0.84 is likely to be tested again.
MEDIA PRIMA BERHAD
(source: tradesignum.com)
This counter faced selling pressure in the recent weeks due to lack of catalysts and weaker results.
Therefore, a strong support level lies at RM2.08. This setup is a good swing trade.
However, should this support be broken, i recommend a stop loss order to be placed slightly below RM 2.00
SUPERMAX CORPORATION BERHAD
(source: tradesignum.com)
Supermax might face some selling pressure today as earnings dipped this quarter.
However, a strong support is noted at the RM2.10 level, backed by a strong trendline.
This could be a good scalp trade should this counter be oversold.
Despite having said that, a stop loss order should be placed slightly below the 2.00 mark.
These trade setups are suitable for swing trades (a trade setup to capture a trend of a stock for a period of 1-30 days) and intraday trades. Profits should be taken quickly as selling pressure might persist.
Note : Trade at your own risk.
Stop loss are recommended to protect traders from excessive risks.
Created by Foresight123 | Aug 19, 2014
Foresight123
Congratz to those who bought Benalec at RM0.905 :)
The queue was too long at RM0.90.
2014-08-27 13:30