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.
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17 comments:

  1. JimThursday, April 03, 2014 4:06:00 PM

    Hi Alex,

    Can you comment on Hiaptek?

    Thanks in advance.

    ReplyDelete
  2. laiFriday, April 04, 2014 2:53:00 PM

    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.

    ReplyDelete
  3. luckystock2Friday, April 04, 2014 4:33:00 PM

    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!

    ReplyDelete
  4. andyFriday, April 04, 2014 7:36:00 PM

    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.

    ReplyDelete
  5. billyboySaturday, April 05, 2014 1:20:00 PM

    Good day Alex,

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

    ReplyDelete
  6. laiSunday, April 06, 2014 12:17:00 PM

    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.

    ReplyDelete
  7. Alex LuMonday, April 07, 2014 9:01:00 AM

    Hi Jim

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

    ReplyDelete
  8. Alex LuMonday, April 07, 2014 9:05:00 AM

    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.

    ReplyDelete
  9. Alex LuMonday, April 07, 2014 11:12:00 AM

    Hi andy

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

    ReplyDelete
  10. Alex LuMonday, April 07, 2014 11:12:00 AM

    Hi andy

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

    ReplyDelete
  11. Alex LuMonday, April 07, 2014 11:17:00 AM

    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.

    ReplyDelete
  12. gwynwelshMonday, April 07, 2014 12:15:00 PM

    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.

    ReplyDelete
  13. Ethan LeeMonday, April 07, 2014 12:42:00 PM

    Hi Alex,

    Could you please comment technical outlook and fundamental for SMRT?

    Thank you.

    ReplyDelete
  14. laiMonday, April 07, 2014 2:22:00 PM

    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.

    ReplyDelete
  15. Alex LuTuesday, April 15, 2014 4:50:00 PM

    Hi Jim

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

    ReplyDelete
  16. Alex LuTuesday, April 15, 2014 4:54:00 PM

    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.

    ReplyDelete
  17. UnknownWednesday, April 23, 2014 9:49:00 PM

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

    ReplyDelete