Chart: Notion's daily chart as at Apr 26, 2010 (Source: Tradesignum)
Tuesday, April 27, 2010
Notion- testing its acelerated uptrend line
Notion is testing its accelerated uptrend line (S1-S1) again. This is the second time the stock tested this uptrend line. The earlier test was on last Friday, April 23. At the close today, Notion lost 9 sen to end at RM3.26. A quick rebound is crucial over the next few days. Failure to stay above this uptrend line support of RM3.30 could send the stock to its horizontal support at RM3.00 & thereafter RM2.75-77.
Chart: Notion's daily chart as at Apr 26, 2010 (Source: Tradesignum)
Chart: Notion's daily chart as at Apr 26, 2010 (Source: Tradesignum)
Subscribe to:
Post Comments (Atom)
8 comments:
Alex,
Do you heard about the sealink's dividend?
Hi Teh,
Sealink has proposed a dividend of 4%, which has not been paid out yet. Last year, it also proposed a similar 4% dividend which was only paid out in July.
Dear Alex,
This morning the KLCI has drifted below both 20D,25D EMA, and may be aiming towards the 50D EMA.The picture is extremely bearish.
I agree with your views that these times we should be kept light and cautious in the market.
Unless you are interested in trading the future indices to keep yourself busy.
Thank you again for your comments.
Dear Alex,
This morning the KLCI has drifted below both 20D,25D EMA, and may be aiming towards the 50D EMA.The picture is extremely bearish.
I agree with your views that these times we should be kept light and cautious in the market.
Unless you are interested in trading the future indices to keep yourself busy.
Thank you again for your comments.
Notion is possibly the most profitable contract manufacturer in Asia with amazing high gross profit margins.
Hi Kyong,
It's good to be a bit careful since the market has risen quite a lot over the past 1 year.
Hi ronnie,
I agree that Notion is a very profitable contract manufacturer. However, the profit margin for the past few quarters may not be a good indicator for long-term performance. Many OEMs were deluged with orders from brand owners who were caught off-guard by the surging demand. Like everything out there, the abnormal situation would normalize going forward. I expect the profit margin to ease back. This development could coincide with Notion's share price easing back to a more sustainable uptrend line, i.e. SS (instead of the accelerated uptrend line, S1-S1).
Post a Comment