Thursday, November 04, 2010

LHH is breaking above a strong resistance at RM1.67-1.70

LHH may have a bullish breakout above the strong horizontal resistance at RM1.67-1.70. Next horizontal resistance is at RM2.00. Based on this technical breakout, LHH could be a good trading BUY.


Chart: LHH's weekly chart as at Nov 4, 2010_10.00am (Source: Quickcharts)
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14 comments:

  1. cheerThursday, November 04, 2010 10:21:00 AM

    Hi Alex,

    Do you think D&O will rally soon technically base on today performance ?

    ReplyDelete
  2. Roger HoThursday, November 04, 2010 2:21:00 PM

    Hi Alex,

    Petdag & its CA seem to be moving.

    Any updates ?

    ReplyDelete
  3. cheeseongFriday, November 05, 2010 12:45:00 PM

    Hi Alex,

    Do u have any update for Naim ?
    My cost is at RM3.80.

    ReplyDelete
  4. LoryauFriday, November 05, 2010 11:11:00 PM

    Hi Alex...Happy Deepavali...
    actually im quite interested in Hovid and Hovid-wa since they are now in crisis of Carotech...
    anyhow, when i read the annual report of hovid in fye 2010... i found tat they have lower profit n even negative cash flow...

    ermm... anyway... what do u think bout this stock? is it a good chance to speculate on it?

    ReplyDelete
  5. ppfooSaturday, November 06, 2010 12:04:00 AM

    Hi Alex,

    What do u think of this share Kfima, I found this share price is trying to break its previous high during 2000 July on 1.3 - 1.4. Do u think it is a good trading buy if it can break 1.40 as the share price is trading at NTA 1.59 which is under value and the company is making profit.

    Anyway , i am still searching more information on this company as i can't found this company details in Bursa. Can u share with me if u have more details on this company and the company progress or any website can search for more information besides Bursa.

    Many thanks,
    PP Foo

    Happy Diiwali : )

    ReplyDelete
  6. cheeseongSaturday, November 06, 2010 5:43:00 PM

    Dear PP Foo,

    Kfima is my favorite too.It should be at the good trading point if the price can break RM1.35. My cut loss point is at RM 1.10.

    ReplyDelete
  7. ppfooSunday, November 07, 2010 11:37:00 PM

    Chee Seong,

    Thansk for your sharing, will monitor it :>

    ReplyDelete
  8. leslieroycarterMonday, November 08, 2010 11:58:00 AM

    Come the month of Dec , all speculative plays on lower liners will cease abruptly as it was proven from yearly trends n records from Bursa. The reason being most punters n remisiers r taking long leave to enjoying their fruits of recent kill in overseas. So it will be a month of non-action n hibernation come Dec . What say u my friends?

    ReplyDelete
  9. Alex LuWednesday, November 10, 2010 10:07:00 AM

    Hi Cheer,

    D&O's strong support & resistance are at RM0.30 & RM0.43. It looks like it has formed a bottom & poised for a swing up. A break above RM0.33-34 could be a start for a short rally for this stock.

    ReplyDelete
  10. Alex LuWednesday, November 10, 2010 10:17:00 AM

    Hi Roger Ho

    Yes. If Petdag can surpass its recent high of RM11.80-11.90, it may go to RM13.00.

    ReplyDelete
  11. Alex LuWednesday, November 10, 2010 10:20:00 AM

    Hi cheeseong

    I have not covered Naim. Chartwise, this stock has broken above its strong horizontal resistance at RM3.60. Its next resistance is at RM3.90-4.00 and thereafter at RM4.30 & RM4.60.

    I think it could be a trading BUY now.

    ReplyDelete
  12. Alex LuWednesday, November 10, 2010 10:39:00 AM

    Hi Loryau

    I have also been studying the accounts of Hovid but I have yet to form an opinion.

    I wanted to get a confirmation that Hovid can cut off its cancerous arm, Carotec. On its own, Hovid is a profitable concern. It has given corporate guarantee of RM10 million to Carotec's bankers- not a very huge sum. Yet, it may have executed an undertaking to keep Carotec as a subsidiary. Strangely, it has disposing off its Carotec stake over the past one year. As at October 26, its shareholding has dropped to 38.45%. Is that a violation of any loan agreement? Probably not or else the bankers would jump up.

    In short, it is possible that Hovid could survive the winding-up of Carotec. Based on Hovid segment (excluding Carotec segment) net profit of RM15 mil for FYJune2010, Hovid's EPS is about 1.9 sen. As such, Hovid (closed at RM0.15) is trading at a PE of 7.9 times. Its Price to Book is about 0.7 times. Both multiples are not expensive but they are not screaming cheap either. In the current bullish environment, why bother with a troublesome stock when they are so many easy packings to be had.

    ReplyDelete
  13. Alex LuWednesday, November 10, 2010 10:49:00 AM

    hi ppfoo

    I agree Kfima is an attractive stock. Based on its results for QE30/9/2010, its annualized EPS for FY2011 could be 24 sen. This means the stock is trading at a PE of 5.8 times.

    Chartwise, it is in an uptrend. Its next resistance could be the psychological RM1.50 and then RM2.00.

    As for your query about lack of information on this stock, I can only say that we have to live with this vacuum. I am not in a better than you in this regard.

    ReplyDelete
  14. chanhooFriday, November 12, 2010 1:11:00 AM

    Hi Alex,
    LHH has broken its resistance at RM1.67. It share price up to RM1.74 and fall back to RM 1.60 on 11/11/2010. Do you think it will break RM1.70 again?

    Any info to share? Thanks.

    ReplyDelete