cab... technically looks good with a upside bias as it broke out of the resistance level of 1.10 and it is now entering into the second box at 1.12 to 1.17 with 1.15 being the resistance; once 1.17 is taken out we will see 1.20 being the first target price. 1.17 is fibo extension 61.8% where profit taking will take place.. now 1.10 becomes support and the next horizontal support at 1.04; a buy signal from macd on 17/6. since that day rsi crossed 50 and now rose to 60.8 suggesting momentum gaining strength slow sto also bullish with buy mode on. adx also showed a trend reversal. in short, nice. fundamentally, the price at 1.12 looks reasonable and i would think a fair price is 1.20. however, its operational efficiency is poor. besides that, it has a weak quick of 0.52 which suggest it would face problem meeting its short term cash obligation and also a very high debt to equity.
hi rchi well looks a very likely scenario; currently, it is trading within the 1714 and 1727 band. although, the down trend has yet to change its course as reflected by adx, the others like rsi and slow sto are curving up albeit at a very low gradient suggesting a lethargic upwards upleg. and if it does it will slip into another box at 1728 to 1745 range and within this a resistance at 1732 is expected and if breakout of 1745, it would be a start of the new upleg. so i guess our hg is in dire straits.. will exit next week hopefully the dow foul mood last friday gets into bursa; would be happy to lose the brokerage fees only. kikikiki a happy sunday to you too.
scjm, actually i hv ady switched into hk frm hg..frm negative news abt 1MDB publisehed on Wall St Journal after mkt closed last friday you shud be able to exit hg if not bought too high..m expecting klci range of 1700 to 1730 next week..one thing we hv to watch out for is Fitch maintaining its rating on msia n also half yearly window dressing...however the bears are very strong given somebody's 'everything to hide' attitude.
penta, broke peak resistance at 72.5 with volume last friday; anticipate it would continue to go further up with a price objective at 81. completely satisfied with its fundmentals.
good morning kawan kawan today's meeting to resolve the greek debt affairs would be known; if negative then bursa will be adversely affected, obviously as we all know. so now we await for the outcome of the meeting. this afternoon european markets openings should provide a hint. good luck to all of us.
technically, it broke out of the peak resistance at 63 yesterday with good volume and is on the up move; it should then go to test 74.5 the previous high. it is now within the trading range of 63 to 69.5 with 66 showing selling pressure. signals are mixed currently. fundamentally okay with current price of 66 being on a tad high side. wish it helps greatman.
good morning kawan kawan as we know our ringgit is weak, overhanged 1mdb, poor oil price and expected downgrading by fitch as well as lack of support from foreign institutions are still real downers on our bursa. nonetheless, wish another good cheering day from bursa today. good luck to all of us
greatman like your rev looks like going to test 91.5 and if break through, which i think most probably will, then more upside to come kikikiki but fundamental is a longkang stock. good luck. tj busy again kah
penta update, attempts to break the impasse at 77.5 were half hearted so slight pullback was expected now awaits new catalysts to resume the assault, on the proviso that the 73.5/74.5 level is not violated. will that occasion arise? what do you think? my take is it will not.
fundamentals is excellent; current price is fair or otherwise depends on one's assessment on its probable growth rate of its future earnings. technically, after hitting bottom at 68 , a buy signal from slow sto and adx and there were gap ups to push the price up however, at 81 sen which was fibo extension 61.8% brought out the profit takers; so now will have to watch for further signs for buying interests it comes and once it break the 81.5 with volume then we would see the macd and sar followers to come in to take a long position on this counter. in that event, the tp would be 86 sen.
good morning kawan kawan a dark cloud covering mmsv yesterday; today's confirmation to see if the bearish sentiment would persist best to wait for the closing price for this purpose. but an indication could be gauged from the intra day trading watch for the crucial 77.5/78 support level. take care and good luck.
siapa cakap bo lang sudah kata berhati hati di jalan Bursa so we all stop naik kereta, basikal, kereta api and stay home and watch movies lah. selamat like that... greatman, there is a time and place for everything.
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