Chart: Mudajaya's 30-min chart as at August 11, 2010_5.00pm (Source: Quickcharts)
I will not be posting further update on this stock. I must stir players away from risky trades such as this one.
Wednesday, August 11, 2010
Mudajaya's rebound fizzling out?
What a ride? Mudajaya shot up to test its short-term downtrend line resistance at RM4.70. Though it failed to break to the upside of that downtrend line (RR), it kept trying until the start of the afternoon session today. The bears took over & pushed the bulls back into the barn. Tomorrow will be a critical day for this stock. Can it stage a rebound off the short-term uptrend line (SS) at RM4.20? A break below that level would send this stock back to RM4.00 or the horizontal line of RM3.90.
Chart: Mudajaya's 30-min chart as at August 11, 2010_5.00pm (Source: Quickcharts)
I will not be posting further update on this stock. I must stir players away from risky trades such as this one.
Chart: Mudajaya's 30-min chart as at August 11, 2010_5.00pm (Source: Quickcharts)
I will not be posting further update on this stock. I must stir players away from risky trades such as this one.
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14 comments:
Hi Alex,
WEIDA is turning down after peaking on 05Aug, mind to share your view?
Good day Alex,
Do you think CANONE and Kianjoo would have some upside in the see-saw market?
HI Alex, tq for ur opinion on Sinotop n Tiger last time.
This Mudajya i hold some. Hopefully tmr will recover lei.....lol.
HI Alex, tq for ur opinion on Sinotop n Tiger last time.
This Mudajya i hold some. Hopefully tmr will recover lei.....lol.
Hi Alex, DXN possible to buy now??
How do u think abt DXN?
Dear Alex,
I have been following TDM for some time. Now seems the price lowering down. Is this the good entry time?
Many articles talks about the good fundamental of TDM, what is your view of this counter?
Thanks.
Hi Alex,
Mind to share your opinion on MAYBANK 1155 and BURSA 1818?
Hi Triple_C
WEIDA is a thinly-traded stock. Too many players jumped onto the band wagon & the stock went hair-wired. Is it still a technical breakout? No, it's now below the breakout level of RM0.82. Will it get played again? Who knows. It is likely to consolidate for a while before showing us its next price direction.
Hi solomon
I posted on CANONE and Kianjoo today. Check it out.
Hi Issac
DXN rose from a low of about RM0.30 to the present price of about RM0.90. Its immediate resistance is at RM0.97-1.00 while its strong support is at RM0.72-75.
Based on its present price of RM0.90 & FY2009 EPS of 12.4 sen, DXN is trading at a PER of 7.2 times. That's a reasonable PER with room for a decent upside of 10-20%.
Hi Layman
TDM made a EPS of 33.7 sen in the past 4 qaurters or EPS of 25.0 sen for FY2009. Based on its price of RM2.28 now & EPS of 33.7 sen, TDM is trading at a PER of 6.8 times. That's very reasonable.
You can accumulate at the present level. The strong horizontal support is at RM2.12-13.
Hi goodluck88
You need a lot of patience with MAYBANK. I think it can be a RM9.00 stock within the next 6-12 months. The financial performance will continue to improve over time & the value will steadily rise.
BURSA is less exciting. Its financial performance may not improve much as the trading volume has been sliding. It is in a medium-term downtrend line, with resistance at RM7.40 & parallel line support at RM6.40. Its strong horizontal support is at RM6.60-70.
If you wish to buy for investment, go for Maybank.
Hi Alex,
Thank you for your input. Bursa has actually break below the uptrend line at ~ RM7.00. Need to monitor it closely.
I am actually more interested in Maybank by comparing between 2 of them. It has been traded tight within the bollinger band with a short term resistance of RM7.80. I foresee an upside breakout when it is near to its annoucement of quarterly report. Will monitor for it.
Thanks for your inputs. They've been useful. :)
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