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Wednesday, April 02, 2014

Astro: A new high!

Astro has broken above the horizontal resistance at RM3.20. If it can stay above the RM3.20 mark for next 1-2 day(s), it is likely to continue to rise slowly to a possible target of RM3.60.

Based on technical breakout, Astro could be a trading BUY.


Chart: Astro's daily chart as at April 1, 2014 (Source: Tradesignum)

Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Astro.

17 comments:

Jim said...

Hi Alex,

Can you comment on Hiaptek?

Thanks in advance.

lai said...

Hi Alex,

In your course of your career, you must have witness a lot of "action" like what Dsonic share price did today. Is this time any different?

Thanks.

luckystock2 said...

Hi Alex ,
Can you comment on our overall market ? Is it possible it's near the top now and we should gradually take some profits from our holdings ?
Your opinion will be much appreciated ! Tx!

andy said...

Hi Alex, can you comment on ytl corp since it have been on the downward lately. Can it drop more? Thanks for your help & hope you have a nice day.

billyboy said...

Good day Alex,

What's the next resistance point for SBCCORP? Thank you

lai said...

Hi Alex,

GOB intend do to some rights issue and judging by the surge in Volume in this, how would you forsee its price movement?

Much thanks.

Alex Lu said...

Hi Jim

Hiaptek is on the verge of an upside breakout at RM0.77. If that happens, it would continue with its upleg.

Alex Lu said...

Hi lai,

To study Dsonic, look into the chart for Mtouche, Gpacket & KNM. These are stocks that shone brightly once. Today they are only a shell of what they used to be.

Alex Lu said...

Hi andy

ytl corp has good support at RM1.40-1.50. I don't think its will drop below RM1.40.

Alex Lu said...

Hi andy

ytl corp has good support at RM1.40-1.50. I don't think its will drop below RM1.40.

Alex Lu said...

Hi lai,

All I can say for GOB is that it might have broken above a triangle at RM0.87 and it could go to RM1.00.

gwynwelsh said...

Dear Alex,

What do you think of MPHB Capital? I hear that they are forming an alliance with an Italian group for its insurance biz.

Ethan Lee said...

Hi Alex,

Could you please comment technical outlook and fundamental for SMRT?

Thank you.

lai said...

Hi Alex,

the erratic movement in HIL and JCY really make me shoot off the roof sometimes. Thanks to the advice of Livermore and Buddha, i'm learning to sit tight and hold my breath, which i tell you is so tough and there are plenty of good buys out there.

Thanks for listening to my ranting.

Alex Lu said...

Hi Jim

Hiaptek will continue with its uptrend if it can convincingly break above RM0.78.

Alex Lu said...

Hi andy

YTLCorp is at the strong horizontal support of RM1.50. I think the stock will stay at this support. On the other hand, if it can break above RM1.60, the stock may begin its recovery.

Mila Rose said...

Really nice informative about Based on technical breakout, Astro trading.