Table: HPI's last 8 quarterly results
Chart 1: HPI's last 24 quarterly results
This morning, HPI has broken above its horizontal resistance at RM2.00. With this breakout, the stock is likely to continue with its prior uptrend. Its potential target is RM2.20-2.30.
Chart 2: HPI's daily chart as at Oct 29, 2010_9.10am (Source: Quickcharts)
Based on improved financial performance & technical breakout, HPI could be a trading BUY.
8 comments:
Hi Alex
I like QSR because of its dominance in the fast food business. i noticed the share price has gone up quite a bit recently. what is your opinion on its short and long term outlook? if i plan to get in, at what price should i get in base on your analysis? Tq
hi bro alex. please comment on OGAWA, price keep moving around 42sen-44sen. it is worth to buy now ?? what is its resistance and support ?? OSIM singapore share price keep breaking new high. Thx
Hi Alex
What do you think of the steel sector? Where do you normally check the daily metal prices? Thanks
hi alex,
how do you view of Naim recently movement? is it gd potential keep for mid term?
High appreciate!!
Hi Learner,
QSR has rallied substantially and it's now highly overbought. Nevertheless, it can stay overbought for a while as the share price continued to rise. QSR has made a new all-time high when it surpassed the high of about RM4.50 recorded in 1996.
I am more comfortable with a strategy of buying on pullback. Good levels to aim for are RM5.00 & RM4.60 which are the 50 & 100-day SMA lines.
Hi JY
I am positive on the steel sector due to more development projects being rolled out by the Government. You can get the daily steel prices by going to http://www.meps.co.uk/allproducts%20steel%20price.htm or http://steelguru.com/
Hi wong
I have been watching OGAWA for so long. It needs to break above the horizontal line at RM0.45-0.475 convincingly to start on its upleg. Indicators are slowly turning upward. A bullish breakout is possible.
OGAWA's performance has turnaroud in FY2010. It made a net profit of RM8.3 mil on turnover of RM156 mil. This compared to a net loss of RM12.4 mil on turnover of RM129 mil in FY2009. However, OGAWA's financial performance still lags behind OSIM which may account for the spectacular rise in the latter share price.
So, watch out for the RM0.45-0.475 level!
Hi keane hong
Naim has just broken above the strong horizontal resistance at RM3.65. However the volume is rather small & the ADX is still very flattish. I expect the stock to remain at the RM3.65-3.75 level for a while. Once it has recruited enough buying support, it could test the next resistance at RM3.90-4.00.
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