This is a personal weblog, reflecting my personal views and not the views of anyone or any organization, which I may be affiliated to. All information provided here, including recommendations (if any), should be treated for informational purposes only. The author should not be held liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.
Wednesday, September 08, 2010
Selamat Hari Raya
I like to wish all the Muslim readers a Happy & Peaceful Hari Raya.
Suncity broke above the triangle at RM3.55 in late August. With this breakout, the stock is continuing on its prior uptrend. It even broke above the long-term downtrend line at RM3.70 this week but with insignificant volume. If it can stay above the RM3.70 mark & recruit enough buying support, its upleg may still have some distance to travel. Look out for horizontal resistance at RM4.10 & then at RM4.20.
For QE31/8/2010, Ajiya may see higher topline & bottomline. I come to that 'conclusion' based on its historical trend where the quarter ended August 31 is usually the best quarter for this company.
From the technical perspective, Ajiya has tested its RM 2.30 resistance posed by the large rising wedge formation that began in 1998. It may enjoy support from the uptrend line at RM1.90, which happens to be the 100-day SMA line.
HI Alex,
ReplyDeleteGive your Comment what do you think on Ajiya next Q .
TQ
Hi Alex
ReplyDeleteKindly give your comments for Suncity ? Thks
Dear Alex,
ReplyDeleteSELAMAT HARI RAYA!
Hi nightradersdk
ReplyDeleteSuncity broke above the triangle at RM3.55 in late August. With this breakout, the stock is continuing on its prior uptrend. It even broke above the long-term downtrend line at RM3.70 this week but with insignificant volume. If it can stay above the RM3.70 mark & recruit enough buying support, its upleg may still have some distance to travel. Look out for horizontal resistance at RM4.10 & then at RM4.20.
happy holiday Alex
ReplyDeleteHi cheer
ReplyDeleteFor QE31/8/2010, Ajiya may see higher topline & bottomline. I come to that 'conclusion' based on its historical trend where the quarter ended August 31 is usually the best quarter for this company.
From the technical perspective, Ajiya has tested its RM 2.30 resistance posed by the large rising wedge formation that began in 1998. It may enjoy support from the uptrend line at RM1.90, which happens to be the 100-day SMA line.
Happy Holiday!!
ReplyDelete