Chart 1: Muda's weekly chart as at Mar 8, 2010_3.10pm (Source: Quickcharts)
Chart 2: Muda's monthly chart as at Mar 1, 2010 (Source: Quickcharts)
Monday, March 08, 2010
Muda may have a bullish breakout
Muda has just broken above its ascending triangle at RM0.905. The immediate resistance is RM0.93, which is the high recorded in June 2008. A breakout above RM0.93 may be the trigger for a trading BUY on this stock. However, it must be noted that the volume traded is still relatively thin at about 1.2 million shares. Muda's next horizontal resistance levels are RM1.00, RM1.20 & RM1.40.
Chart 1: Muda's weekly chart as at Mar 8, 2010_3.10pm (Source: Quickcharts)
Chart 2: Muda's monthly chart as at Mar 1, 2010 (Source: Quickcharts)
Chart 1: Muda's weekly chart as at Mar 8, 2010_3.10pm (Source: Quickcharts)
Chart 2: Muda's monthly chart as at Mar 1, 2010 (Source: Quickcharts)
Thinking to enter MPI, pls give ur opinion .
ReplyDeleteHi Cheer,
ReplyDeleteMPI is a relatively safe BUY for a semiconductor stock. For QE31/12/2009, it reported a net profit of RM25.7 million on sale of RM346 million. EPS for that quarter was 13.2 sen. So, MPI at RM6.60 is now trading at a PER of 12.5 times. Upside is limited.
MPI has good technical support at RM6.00-6.30 and strong resistance at RM7.00-7.50.
Good day Alex,
ReplyDeleteKindly provide TA and FA analysis for YUNG KONG GALVANISHING IND. What would the expected uptick in the steel industry benefits YK ?
Appreciate your detailed analysis, and thanking you in advance.
Rgds-SureWin1Woh