Chartwise, we can see that Gasmsia has broken below its strong horizontal support at RM2.60. While it may find support at RM2.50 or even RM2.40, these support levels are relatively weak. In line with the negative development on both the fundamental & technical fronts, I would recommend a SELL on Gasmsia.
Chart: Gasmsia's weekly chart as at Jun 17, 2015 (Source: ShareInvestor.com)
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, Gasmsia.
Chart: Gasmsia's weekly chart as at Jun 17, 2015 (Source: ShareInvestor.com)
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, Gasmsia.
5 comments:
Hi Alex,
Wondering what you think of Hohup?
Hi Alex,
Can you comment on CMMT and TDM please?
Thank you,
Tan Chun Mun
Hi Ming Hoong Law
Hohup has a pretty interesting story which could one day set the stock on fire. However the technical outlook has dimmed somewhat, probably due to poor sentiment for property stocks in general. The stock may drift lower to RM1.00-1.10. At this price level, I think it is a worthwhile investment.
Hi Chun Mun
CMMT has been range-bound for the past 18 months between RM1.35 & RM1.55. It is heading towards the RM1.35 level, which could be a trading BUY.
TDM has shown a bit of weakness in the past 1 year. It is likely to continue to drift lower until it has found its support at its long-term uptrend line at RM0.60. That will be a good entry level to the stock.
Please look up the financial data on your own.
Thanks for your comment :-)
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