Thursday, March 25, 2010

MPHB's secular uptrend may have started

MPHB has just broken above its strong horizontal resistance at RM2.00. In July last year, MPHB broke above its long-term downtrend line at RM1.90 & thereafter traded sideway for 8-9 months. The present breakout above RM2.00 could signal the start of a secular uptrend for MPHB. Its next resistance levels are RM2.25, RM2.70 & RM3.00.


Chart: MPHB's monthly chart as at Mar 1, 2010 (Source: Tradesignum)

Based on the above technical breakout, MOHB could be a good trading BUY.
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13 comments:

  1. AnonymousThursday, March 25, 2010 12:57:00 PM

    how u think about LEADER? Break 96.5sen resistance, will it continue to rise? what is next resistance?

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  2. Alex LuThursday, March 25, 2010 1:16:00 PM

    Hi Wong,

    I have posted on Leader a few days ago. It has broken above its symmetrical triangle at RM0.92. Its next resistance is at RM1.00 & thereafter at RM1.20.

    ReplyDelete
  3. cheerThursday, March 25, 2010 8:34:00 PM

    This comment has been removed by the author.

    ReplyDelete
  4. cheerThursday, March 25, 2010 8:39:00 PM

    Which is good stocks to choose between TM n KPJ for middle-term and long term investment ?

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  5. cheerFriday, March 26, 2010 9:16:00 AM

    Pls advise for the BPuri

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  6. Alex LuFriday, March 26, 2010 11:10:00 AM

    Hi cheer,

    TM & KPJ have run up a lot in the past 2 years. I would normally give them a miss. However, if I must choose between the two stocks, I would prefer KPJ for its leading position in the health services sector, which is enjoying strong demand due to increased affluence. TM will face serious execution risk as it ventures into High Speed Broadband & IPTV. Can this new business make up for the slow decline in its main fixed line business?

    BPuri is a very quiet stock that hovers around the RM1.00 level. Its trading range for the past 10 years is between RM0.60 & RM1.50. Its strong resistance is at RM1.30 & RM1.50. This stock seems to "put in an appearance" just when the bull is about to do an encore. Is it doing the same now?

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  7. AnonymousFriday, March 26, 2010 1:35:00 PM

    hi bro. can comment on AFFIN, EVERGRN and BJCORP?

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  8. UnknownFriday, March 26, 2010 1:54:00 PM

    Hi Alex ,

    Today QL(7084) is up trend ,what is the next price for it ? please advice?

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  9. tehFriday, March 26, 2010 3:38:00 PM

    hi alex,

    What do you think about Sealink? is this a good share?

    Any news to it ah? because some broker talk about it.

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  10. cheerFriday, March 26, 2010 3:38:00 PM

    Advise me the FA and TA for Ahealth. Current price is good to enter?

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  11. Alex LuFriday, March 26, 2010 3:55:00 PM

    hi wong,

    BJCorp has broken above its recent high of RM1.56. It is likely to go higher.

    Evergreen is trying to break above the horizontal resistance of RM1.68-70. If it can do so, we may see further upside.

    I have no comment on Affin.

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  12. Alex LuFriday, March 26, 2010 3:57:00 PM

    Hi teh,

    Sealink is resting on the horizontal line support at RM0.63. There is no sign of any impending upside move, though one can't discount the possibility of a technical rebound.

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  13. Alex LuFriday, March 26, 2010 5:14:00 PM

    Hi cheer,

    Ahealth rose from RM1.00 to the present price of RM2.76 over the past 1 year. Its strong resistance is at RM3.00 and the all-time high is nearly RM3.60. Please check on Bursa for the accounts.

    I feel that the rally fro Ahealth has gone too far & the reward-to-risk ratio is not in your favor if you were to buy this stock.

    ReplyDelete