Wednesday, September 08, 2010

Selamat Hari Raya

I like to wish all the Muslim readers a Happy & Peaceful Hari Raya.


(Source: KLGreetings)

7 comments:

cheer said...

HI Alex,

Give your Comment what do you think on Ajiya next Q .

TQ

Nightwatchmen said...

Hi Alex

Kindly give your comments for Suncity ? Thks

steve said...

Dear Alex,
SELAMAT HARI RAYA!

Alex Lu said...

Hi nightradersdk

Suncity broke above the triangle at RM3.55 in late August. With this breakout, the stock is continuing on its prior uptrend. It even broke above the long-term downtrend line at RM3.70 this week but with insignificant volume. If it can stay above the RM3.70 mark & recruit enough buying support, its upleg may still have some distance to travel. Look out for horizontal resistance at RM4.10 & then at RM4.20.

Ivan said...

happy holiday Alex

Alex Lu said...

Hi cheer

For QE31/8/2010, Ajiya may see higher topline & bottomline. I come to that 'conclusion' based on its historical trend where the quarter ended August 31 is usually the best quarter for this company.

From the technical perspective, Ajiya has tested its RM 2.30 resistance posed by the large rising wedge formation that began in 1998. It may enjoy support from the uptrend line at RM1.90, which happens to be the 100-day SMA line.

TehGK said...

Happy Holiday!!