Monday, November 01, 2010

Daya had a bullish breakout

Daya Materials Bhd ('Daya') is involved in the provision of oil & gas products and services, specialty chemicals, advanced polymers as well as technical services. For 1H2010 ended 30/6/2010, Daya reported a net profit of RM6.75 million on a turnover of RM87.8 million. Compared to 1H2009 ended 30/6/2009, Daya's net profit has declined marginally by RM0.49 million while turnover was up by RM4.8 million.

Its financial position is deemed healthy based on its audited accounts for 31/12/2009, with current ratio at 2.2 times & debts to equity at 0.3 time. Its detailed financial statement for QE30/6/2010 (uploaded onto Bursa website) cannot be accessed.

Daya is in a long-term uptrend line with support at RM0.16-0.17. If we use the 30-week SMA line as the medium-term downtrend line, then Daya broke above that "downtrend line" at RM0.20 last Friday. On Monday, it broke above the horizontal resistance at RM0.21. Today, it tested the horizontal resistance at RM0.25- a level that may be too much to overcome after its recent sharp rally. Failure to do so could set the stage for a correction for this stock. This correction could be a good opportunity to buy, especially on pullback towards the horizontal support at RM0.21.


Chart: Daya's weekly chart as at October 30, 2010 (Source: Tradesignum)

Based on technical analysis, Daya could be a good stock for trading BUY. Buy on pullback, ideally at RM0.21.

34 comments:

Verdict said...

Hi Mr lulu , still remember I asked u whether to cut loss on sunrise @ 2.13 last month ? u scared to answer my question , based on ta , u should cut it below 2.15 , did u ?

let read what my sifu sam wrote about u @ www>samgang>blogspot>com

From Samgang private blog
Published on: Sep 29, 2010 @ 19:06

Latest update:_
Bot in 30lots of Sunrise @ avg cost of 2.155 today , y sunrise ? actually I wanna 2 buy in this stock last week , cos I saw there r rotational play on property counters in KLSE last week. I couldnt get any of it cos she has shot up too fast 2 as high as 2.45 last Friday , finally I got my chance 2 buy in below 2.18 today ^_-..y Sunrise ?

In Property , sunrise is one of d taiko among all, prime location n land they hv in mount kiara , let check its earning , latest earning stood @ 27cts which giving u PE of 8 ! one of d cheapest property counter in property sector ^_- NTA stood @ 2.21 with fantastic proven track earning records , further more u can see its daily vol is increasing , with all these goodies , that make me swap all my sunway @1.94 2 sunrise today, 4low or not ? u decide ^_-

B4 I make fun on ta losers again, let read what d taiko tak ada akal sifu said about sunrise last week :-

***

Posted by Lu Lu at 9/24/2010 04:17:00 PM

Sunrise may have a bullish breakout
One of my favorite property, Sunrise is again making another attempt to break above its downtrend line. This time, the breakout is accompanied by big volume. The increased volume means that it will have better chance of launching into an uptrend. Its immediate resistance is at the horizontal line of RM2.30 & then at RM2.60.


Chart 1: Sunrise's weekly chart as at Sept 23, 2010_arithmetic scale (Source: Quickcharts)

An alternative view of the Sunrise's price movement is given below by the weekly chart plotted on logarithmic scale. We can see that the stock has yet to break above its downtrend line yesterday. With the gain of 10 sen (price was at RM2.31 as at 4.38pm), Sunrise has successfully broken above the downtrend line, based on this log scale chart.


Chart 2: Sunrise's weekly chart as at Sept 23, 2010_log scale (Source:Tradesignum)

Based on the bullish breakout, Sunrise could be a good trading BUY.

***

So how now lu lu ? sunrise break below 2.31 liaoo..it is now 2.18 , macam mana ? sell n cut loss ? if yes..then what if she come back to 2.31 again ? buy back n long ? ha ha... I wanna 2 hear from u what 2 do now ? cut loss or hold ? if hold..then what about d theory of cut loss ? if cut loss..then what if sunrise shot back >2.31 ? buy back ? o o opssss.... really an eye open !^_-

FYI, Mr lulu, u looks like great sifu when u adopted FA on yr stock pick but when u use tak ada akal method on yr stock calls, u looks exactly like yr surname "LULU" ^_-

Wanna 2 know my view on sunrise ? I hv posted my view in my private blog ^_- wanna 2 know ?

*************************************

So mr lulu , based on ta, u shld hv cut loss on sunrise @ 2.15 ( low after yr call was 2.11 ) , so how now ? buy back again ?

This is what tak ada akal method teach u , cut loss cut loss 2 minimise yr losses ? minimise losses or minimise profit ? if one think that ta can tell u when 2 cut loss n when 2 keep yr profit run ? ha ha then u should take alook at what ta master lulu called 2 cut loss on sunrise as above ^_-

Mikeloser, chinyk , ezi, maxforce, darlie signh n all ta losers out there , jgn marah yah ?

Ivan said...

Hi Sir,

Any idea on Gamuda please?
Mind run a quick Technique analysis on gamuda?
thx

ryan said...

hi neno,

take it or leave it!

Disclaimer: This is a personal weblog, reflecting my personal views and not the views of anyone or any organization, which I may be affiliated to. All information provided here, including recommendations (if any), should be treated for informational purposes only. The author should not be held liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.

Verdict said...

Hi Ryan , well said, fyi, that also my personal views, noone held liable for what he saying, just that I wanna to let newbies know what my sifu commented about TA.

Coz lulu said by using ta , u can minimise yr losses by applying cut loss & maximise yr profit by letting yr profit run, but seems like it is turning the other way .

That's why I bring this up here.

to all, if u wanna to know more about why sam said ta = tak ada akal method , visit his blog @ www.samgang.blogspot.com

Proven with proofs in his blog.

jackie said...

nemo, didnt your mother ever teach you manners or tell you not to make fun of people's surname? your mother will surely be "very proud" of a son like you.
anyway don;'t come here to bark.you are just a follower, you did not make the call, sam did. so dont act like you made the call.made some profit then just keep quiet and stop barking.

Verdict said...

To jackie, did i said I made that call ? didnt I put there it is my sifu sam's call ? u dont understand simple english ka ?

Manner ? yes u are right, I shouldn't called alex as lulu , sorry & maaf lor , ok ?

The motive of posting this is to help uncle sam to promote his calling of ta = tak ada akal method.

Hello Alex, I did asked u whether to cut loss when sunrise dip to 2.11 after yr bullish call, u were scared to answer that , Sunrise is now 2.55 , macam mana ? buy back again ? cut loss then buy at high? is that the beauty of ta ?

is that what u called by maximise profit & minimise losses ?

really an eyes open to know that.

Verdict said...

Dear Alex, my sifu said u are not using ta but fa in his posting as below >

Samgoss said...
2 all..take a look at sunway !! our sunway oso coming 4 3rd round, up 10cts to 2.10 liaooo

Sell all ? no..will sell in stages 2molo..let c how ^_-

so ..see d beauty of FA ? is buy n hold a sucker ?

I dun know bros..u tell me lah ^_^

2 tan, u know me thru lulu blog ? ha ha hv to thanks lulu liaoo...guys..u might not agree with d way I attack ta losers , but sorry bros.. I just cant stand newbies from learning that tak ada akal method ! it is non relevant to shares mkt at all, it doesnt work at all !

Lulu is a good master in FA also, but too bad, he rojak it with ta , that make him looks like a bloody fool ! u see ? he made buy call after sunrise > 2.30, but then after sunrise dip to 2.11, what he did ? he doesnt even dare 2 call cut loss ! bear in mind , everyone know ta has a stop loss trigger ! so where is d stop loss call ? if no stop loss call that means u r not using ta but FA ! hence what d hack telling d world ta can maximise yr profit n minimise yr losses ?

2 Fa fan, if i were u, I will use 100k 4 property n 100k 4 shares investment.

edge2002 said...

he is back...hoho
what a pain in the neck

frogprince said...

Hi Neno,
If you don't like or disagree, write in your own blog and don't come to ppl's blog start calling names. Don't bother to read either.
From the way you write, it seems like you were burnt, angry and start pointing fingers. There are ups and downs even from the world's best analyst. They are not always correct. In the end still your own decision. Thus, learn how to accept!

Verdict said...

Hello william, I got burnt ? ha ha cant u see I followed sifu sam on sunway 1.55 , sunrise 2.16 & kencana @ 1.39, u called that burnt ? ha ha

Really dont mind ppl calling me get burnt as long as my bank ac keeps growing everyday.

hi edge2002, he is back ? who ? ha ha seems like u are also from the loser camp , otherwise u wont say such words as " he is back" ha ha

why ? scared of him ?

Yes..he is back, my sifu sam is back with stylo malooooo

u like his style ?

frogprince said...

good that you are winning neno...
all the best to you to continue winning...
and put in your best method in your own blog...
if you are good, no need to scold ppl or start calling names in other ppl's blog also more ppl will start going to ur blog or sifu's blog...

Verdict said...

william , that's the motive why I do posting here, coz i want ppl esp newbies to know how good alex lu was in his FA & also how lousy his ta was by posting up my sifu comment here ?

If the blog owner doesnt like free speech in his site, simple, just click the moderation button & all comments would be filter via approval.

what say u alex ?

edge2002 said...

who is he?sam?? he doesnt bother me at all, so is you
it is a waste of my time to reply ur post, stop being ignorant
Im a loser? haha...if you are happy you can call me loser, I do not need to prove to you, as long as my bank account grow...LOL

Alex Lu said...

Hi Ivan


Gamuda is testing its medium-term uptrend line at RM3.80 now. I think this is a good support level.

If this support failed, it may drop to the long-term uptrend line which commenced in Oct 2008. That uptrend line support is at RM3.05-3.10. In between, I can see support from horizontal lines at RM3.50-3.60 & then at RM3.20-3.30.

By the way, one broking firm has recommended a switch from Gamuda to IJM as the latter may benefit from the new projects announced under the Budget.

JY said...

neno = sam
He just use a different ID to promote his blog here. His IP is the same.

According to http://www.alexa.com/ the web info company, Sam's blog has very low rating as compared to Alex.

Nextrade popularity rank no. 3,339 in Malaysia while Sam's rank is 39,014.

Who ever Sam is, he sure talks and analyse stocks like an amateur. He's here to seek publicity and promote his blog.

Alex, please ignore him and carry on with your good work. He's just lucky in one of his many "unfounded picks" and boasting around.

Verdict said...

Exactly edge2002, as long as yr bank ac keeps growing, who cares who is barking here ? give me a 5 ! another high 5 pls !

Dear JY, my sifu has just posted something regarding its new members & blog hits in his blog , enjoy it JY >

Samgoss said...
2 all, I just came across my private blog members hv surpassed 3,500 members liaooo ! most of d new members join in after my posting of "bstead @ 3.80 shot up like no 2molo" , Woww .. amazing, 2 months ago, my blog members still hanging ard 2,960+ only , in less than 2 months... members surpassed 3,500 marks ! really a milestone 4 samgang private blog , may be i need 2 thanks samdog n s gang 4 "promoting" me in their blog n also in other ta blog ^_-

Kamsiah kamsiah ^_-

2 all ta losers out there , u doubt of it ?..k, I will blog it up latest by this Saturday when I am free ^_-

Just to make u guys more sour , use 3,500 x usd38 x 3.1 , see how much $$$$$ I made from it ? really hv 2 thanks internet world biz , internet can really make big big bucks 4 u ! I love u bill gates , I love u clickbank ! I love u FA !!!

Message 2 fun manager darlie singh, mike loser, mad cow n chinyk , u guys can also do d same , try 2 privatise yr blog n see ? see whether u can make big big $$$$$ like what I did or not ?

Esp u darlie singh , why working so hard like a bull 2 held so many talk shows ? if u hv proven track records like talk engrand cinapek , I am confident u can achieve d same also, but d problem here is " do u hv d proven track records ?"^_-

Btw , give u some bullets 2 hantam me , check up whetehr it is legal 2 create a blog 2 collect subscription or not ? check up whether I am paying income tax 4 d income I made from blogging or not ?

Fyi, anything u can think of, I am 3 steps ahead of u ^_-

Jgn marahyah ? ^_-

Verdict said...

JY said -

Alex, please ignore him and carry on with your good work. He's just lucky in one of his many "unfounded picks" and boasting around.

-
My said -
Let click www.samgang.blogspot.com to see how my sifu picked his "unfounded picks " ?

Seeing is believing ! whaohhh, really a lot of lucky "unfounded picks " found in his blog worr LOL !

Ivan said...

HI Alex,

Thank you for your reply.
The stockbroking is "AM".

Base on Fundamental, the foregin shareholder - Platnium is keeping reduce their stake. While, EPF and KWAP keep increase the gamuda shares.

Been locked as I entrance more than Rm4 :( Shall I Average down?

kangmingw said...

Ignore the fellow.
His blog sucks anyway.

takeiteasy said...

neno,

you have made your point. Congrats, your boss made tonnes of money & also to yourself. But the thing is we still like Alex's blog & that we are not doing badly either. Not all of us follow blindly whatever that were written in the internet finance blogs. We also do our own valuations, calculations & analysis. If right, we go in, if not that is. No hard feelings. For yourself, just keep making money by following your boss, I am happy you're making money & I hope you make more money in the coming weeks. For me & the rest of the guys here, like you say, this is a free country, & we are entitled to follow whoever's blog we chose to. For me I still choose Alex. Keep up the good work Alex... Same goes to you neno & your boss.

tan said...

i remembered that SAMGANG blog, previously do share some good info regarding stock picking, but, if my memory serve me right, it begin charging money from reader who wants the tips by SAMGANG.........

but, when it needs to pay money to read a blog, i will choose to ignore. honestly, last time, SAMGANG indeed is very popular among younger generation investors.


But, still, a thumbs up to Alex Lu for his kindness in blogging for all. But, whenever a stock is called by Alex, the price had ben shot up too high, which i can't afford to chase, so, " Miss the Boat Everytime ".

Kudos Alex .

jackie said...

NENO = SAM...this guy just wants to promote his blog membership to the readers in Alex's blog. let's not give him too much airtime here, which is exactly what he wants. Cannot believe he will stoop so low to pretend as another person to praise his samgang blog in Alex's blog.
how i know Neno=Sam ; i know because the style(emotions conveyed) of writing is the same. I read his public blog among many other blogs.

Verdict said...

Hello tan, jackie & take it easy, u all are right, give me a 5, another high 5 .

Ignorance bias is hard for one to change , cant blame u all , choose alex ? why not ? go ahead & follow him especially his FA, when talk about his ta, his fans * sifu fans should know better , dont need to agree with me , as long as u feel happy , go ahead LOL !

Jackie said>

how i know Neno=Sam ; i know because the style(emotions conveyed) of writing is the same. I read his public blog among many other blogs.

-

whaooohh, u did read my sifu blog arh ? so low also u want to read meh ? for what ? his tips ? u are like saying I hate that low class girl but I still wanna to marry her, do u know what u are trying to say ? he he.

Verdict said...

Jackie said >

NENO = SAM...this guy just wants to promote his blog membership to the readers in Alex's blog. let's not give him too much airtime here, which is exactly what he wants.

-

Why so scared of my sifu ? too much airtime for sam ? ha ha what to worry jackie ? unless u tell me my sifu is damn good in shares picking LOL. why not u create a shares blog & get free airtime here , see whether any effect to yr blog or not ?

Or are u endorsed sifu sam is really excellent in stock picking so oncet people read his blog will surely subscribe to him ? if not, then why so scared of giving him free airtime ?he he

hello kenny, is his blog is so suck , why so worry of giving him free airtime ?

There are alot of silent readers here know how to differentiate good & bad stuffs, is that what u guys scared of ? Mr Jackie ? Kenny ?

ppfoo said...

Hi Neno, don't u think u are rude and pls do not simply criticise on ppl blog. If your sifu is so good, pls follow his way. The more u criticise on others the more childish and less educated u are!

tkc55 said...

Neno, I tried to contain my displeasure while reading your postings attacking Alex, the blog owner, i think it is very rude and bad taste for you to do that. Imagine a stranger barging into your house and start criticising and insulting you the houseowner? Do you like that? And you have absolutely no respect and 'kurang ajar'.
I subscribed as Samgang's member for a year and paid USD38 like his other members. Although he had made some good picks but I did not follow all his calls. Personally, i find the blog filled with 'negative chi', Sam seemed to enjoy the fun in insulting other bloggers who practised TA. So I stopped visiting his blog and decided not to subscribe despite receiving many reminders from his Administrator. I think you too have followed into Sam's footsteps – coming here and insulting Alex and bragging big.
On Boustead,I had already picked up this stock when it was RM3.50, before Sam made the call, I sold them at 4.30 and later picked up again at 4.40 and now waiting for its price to go even higher. I am sure there were many other investors also spotted the stock and surely Sam was not the only genius spotted Boustead. Remember, there are about a thousand stocks in the Bursa, Sam is not superman, he cannot be a 100% winner all the time. All I want to say is, don’t be a running dog and BE HUMBLE.

Verdict said...

Hi tkc55, of coz sifu is not the only genius who spotted bstead , they are ppl spotted myeg, gentingsp@ 0.48 ,kfima@0.75 ,sunrise@2.15,kencana@1.37 ,sunway@1.53 ,faber@1.02 & more, right tkc55 ? right tkc55 ?

Funny , u said u hv stop from his private blog, how come I saw yr posting posted in his private blog 2 days ago ? ghost ? or hypocrite ?

JY said...

Funny how Sam and his pet nemo always visit Alex blog to compare with his own picks. If one's website is so inferior and such a loser, I wouldn't visit that blog again. Just like I never visit sangang blog.

Imagine someone who thinks this shop is a lousy shop, yet he still visit the shop or at least stand outside the window admiring the crowd inside. So pathetic. Lives in denial.

I suggest all the readers not to reply nemo as he's here to seek attention. He's basically waiting in front of his computer waiting for replies. Look at the time he replies the comments. 12:43pm, 2:41pm, 3:41pm, 4pm, 5:40pm, 6:13pm, 12:27am and 9am. NO need to work meh? @_@ ?!?!A website with ranking of 39,000 in Malaysia claims to have 3000 subscribers?? LOL

JY said...

One quick one, Alex. KLCI is approaching all time high 1524. What's the chances you reckon it can break it without a pullback? 2 by-election coming. Not sure if I should enter now, or wait till it break the all time high.

Verdict said...

Hello JY, Good one

There JY said_

I suggest all the readers not to reply nemo as he's here to seek attention.

Here JY replied to me & said-

Look at the time he replies the comments. 12:43pm, 2:41pm, 3:41pm, 4pm, 5:40pm, 6:13pm, 12:27am and 9am. NO need to work meh? @_@ ?!?!A website with ranking of 39,000 in Malaysia claims to have 3000 subscribers?? LOL

Ha ha JY, arent u also replied to me ?
JY said-
A website with ranking of 39,000 in Malaysia claims to have 3000 subscribers?? LOL

Ha ha JY o JY, Alexa.com only count Public blog hits , for private blog like samgang they have absolutely no access ta all ! Common sense like that also u dont know meh LOL he he.

Sifu said he will show u his 3,500 members latest by this saturday, just sit there & wait LOL.

tkc55 said...

Neno, haha, you saw my posting in Sam's private blog just 2 days ago? i think you really have seen ghosts... ??? So be careful when you walk in the dark, lol...
Anyway, i shall stop bickering with you, this is Alex's blog and not a battleground, I should give due respect to him. My apologies to Alex.

Verdict said...

Hello taikachieh55, really ? ha ha

let see whether u are able to read sifu sam blog after this .

Ghost ? gua manyak takut wor !

ha ha main main aje, no hard feeling ok ?

whoaaah, Mxxxxxx shot up 8 or 10% today , what an unfounded pick by sifu sam, cheers !

Ethan Lee said...

Hi Alex,

Please kindly comment for Sunway.

Thank you.

Verdict said...

Hello ethan Lee , sunway ?

let read what sifu sam commented about sunway when it was @1.53 -

http://samgang.blogspot.com/2010/10/v-mission-completed-sunway-154-n-6.html

Fyi, this is also an unfounded pick by my sifu, right JY ?