Kianjoo has just broken above its strong horizontal resistance at RM1.33. Last Friday, it broke above its symmetrical triangle at RM1.23. With these twin upside breakout, Kianjoo could finally start on a uptrend. Its immediate resistance would be at RM1.50 & then RM1.60.
Chart: UEMLand's weekly chart as at July 19, 2010_10.10am (Source: Quickchart)
Based on the bullish breakout, Kianjoo could be a good trading BUY or a medium-term investment. In view of the uncertainty in the overall market, you need to exercise your discretion on trading activity at the present moment.
9 comments:
Hi Alex,
Shd i or not hold Unisem till bonus & right issue? What is your guess on Unisem price before ex-date of bonus & right issue? Kindly comment. Thank you...
hi Alex,
what do you think about Pantech and its recent announcement (bonus and ICULS)?
thanks
maxwealth88
Good morning Alex, do you think it is advisable to buy Scomimr now at 0.555 ?thanks
Dear Alex,
You are providing excellent postings for your visitors, keep them flowing.
I have an upcoming information on the possibility of another round of SELL down on World's Equity Markets near term.
The Euro/Usd may head for parity sooner than expected if further round of downgrading is executed after the latest Iceland's case.There is a very important/significant Euro Banking Stress Tests report to be released on this coming Friday, and i hope it will not serve as a catalyst for immediate Euros Sell Down.
You may visit my site on the above http://millionaireclub88.blogspot.com/2010/07/
eurousd-to-head-back-to-118-and-parity.html
The above posting includes some extract from Stanley Morgan's view on Euro/Usd.
Hope the above can serve as a good information sharing .
Thanks
Hi Alex,
Discovered your blog by chance and find it very informative.You have been very helpful with all your comments.Keep up the good work!!
Hi Ally
Based on the performance of all the stocks with bonus issue & warrant issue, you should hold on to your shares & go through with the exercise. Of course, things may change. Until then, you should stick with the winning formula.
Hi MaxWealth88
Pantech is a profitable company, with healthy financial position. EPS for FY2009 is 13.5 sen. At a close of RM0.88, Pantech is now trading at a PER of 6.5 times. That is quite attractive.
You have read what I have been posting about bonus issue, etc & their impact on the share price. Hopefully, it would help to draw in the buyers for Pantech.
Hi CK
Scomimr has a sharp rally after breaking above the downtrend line at RM0.47 as well as a strong horizontal resistance at RM0.48. It may consolidate around RM0.48-50 for a while. Its next move may see this stock testing the horizontal resistance at RM0.68-70.
Hi Kyong & newbie,
Thanks.
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