Friday, January 07, 2011

Notion- the recovery may begin

Notion may have completed its bottoming phase between RM1.55 & RM1.80 when it gained 13 sen to close at RM1.83 at the end of the morning session. With this breakout, Notion's recovery could commence. Its next horizontal resistance is at RM1.85 & then at RM2.00. (At the time of posting, Notion has already broken above the RM1.85 resistance).

With this breakout, Notion could be either a trading BUY or a medium-term investment.


Chart 1: Notion's daily chart as at Jan 7, 2011_12.30pm (Source: Quickcharts)



Chart 2: Notion's weekly chart as at Jan 7, 2011_12.30pm (Source: Quickcharts)
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25 comments:

  1. YeeFriday, January 07, 2011 3:19:00 PM

    Hi Alex,

    Need your comment on SAAG?
    SAAG is one the most active stock in KLSE.

    Thanks
    Yee

    ReplyDelete
  2. desmondSaturday, January 08, 2011 6:36:00 PM

    Hi Alex,

    Do u have any comment on SAB?

    Thanks.
    desmond

    ReplyDelete
  3. UnknownSaturday, January 08, 2011 8:16:00 PM

    Hi Mr.Alex,

    Yeah , need your opinion about SAAG too .This Company 3rd Qtr period make a 9 mil ++ profit ,it's liabilities & Assets i think is fair enough..unfortunately , it's rise .Should I throw it all away when it hit's RM 0.25+ before it burn my hands ? or should i wait for the 4th Qtr Report ??
    and
    Will Genting soon list in NYSE Market Board ?? The Resort World New York start it construction in New York City . Genting New York.

    ReplyDelete
  4. UnknownSaturday, January 08, 2011 8:16:00 PM

    Thanks
    Chee_Nian

    ReplyDelete
  5. UnknownSunday, January 09, 2011 7:47:00 PM

    Alex,

    What's your take on WCT?

    Seems to have woken up and playing catch up with Gamuda and IJM.

    Thanks in advance.

    Richard

    ReplyDelete
  6. Alex LuMonday, January 10, 2011 8:51:00 AM

    Hi Richard

    WCT has surpassed the strong horizontal resistance at RM3.30 on Jan 6 (Thursday). It is now pressing against the next strong horizontal resistance at RM3.50. Can it break above this resistance? The strong move over the past 2 days seems to driven by rumor of a significant corporate development. If this turned out to be true, the stock may rise further. Otherwise it may drop back & test the resistance-turned-support of RM3.30, which should be a good entry level for this stock.

    ReplyDelete
  7. Alex LuMonday, January 10, 2011 9:18:00 AM

    Hi Chee Nian

    SAAG has a bullish breakout at RM0.09-0.095. Its horizontal resistance levels are at RM0.15, RM0.20, RM0.30 & RM0.40. To me, SAAG is strictly a trading stock. If you are in the stock, your objective is to ride it hard & try your best to get out at a profit or minimal loss. A big fund-raising exercise has been proposed & the current rally is the grease that oiled the tract for that exercise. Its financial performance & position is very poor & I have seen convincing sign of an improvement.

    I cannot comment on Genting's US plan aside from its investment in the racino project in New York.

    ReplyDelete
  8. jamesMonday, January 10, 2011 10:26:00 AM

    Hi Alex,

    What are your projections for Mitrajaya and Dutaland?

    Thanks,
    James

    ReplyDelete
  9. leslieroycarterMonday, January 10, 2011 10:54:00 AM

    Hi Alex:
    MVmulti is selling the co in the form of "stock and barrel "n left with no business . As quoted " Shareholders will be paid 78 sen per share which comprises 48.3 sen as a Special Dividend and 29.7 sen as Capital Repayment. " under these circumstances , do you think is it worthwhile to still holding this stock after the cash repayment?

    ReplyDelete
  10. UnknownMonday, January 10, 2011 3:36:00 PM

    Alex,

    Many thanks for your thoughts on WCT.

    Rgds

    Richard

    ReplyDelete
  11. UnknownMonday, January 10, 2011 8:14:00 PM

    Hi Mr.Alex

    Is this announcement push SAAG Rising ?
    http://www.klse.com.my/website/bm/listed_companies/company_announcements/announcements/index.jsp

    The Board of Directors of SAAG is pleased to announce that SAAG RR Infra Limited through its overseas subsidiary, OGS Asiapac Ltd has on 23 December 2010 secured an EPCC contract worth United States Dollars Seventy Eight Million (USD78,000,000.00), as Main Contractor from Mrails Tram (Melaka) Sdn Bhd (“Mrails”) for design, engineering, procurement, construction and commissioning of 40 kms Tramway in Melaka (“Project”).

    Thanks !
    Chee_Nian

    ReplyDelete
  12. WKMonday, January 10, 2011 9:19:00 PM

    Sign of weakness for TDM...?

    ReplyDelete
  13. hkloonMonday, January 10, 2011 10:41:00 PM

    Alex,

    Is JCY broken above its downtrend line? It looks to me they did on Friday, but today it closes just at the upper downtrend line. Perhaps a short term trading play? TSMC just announced good 2010 semiconductor sales...

    regards

    ReplyDelete
  14. ckTuesday, January 11, 2011 2:19:00 PM

    Hi Alex, can you please comment on Ekovest. Thank you very much!
    ck

    ReplyDelete
  15. Alex LuFriday, January 14, 2011 12:00:00 PM

    Hi ck

    Ekovest has surpassed its strong horizontal resistance at RM3.15-3.20. It may revisit its 2007 high of RM3.70 and then its next strong horizontal resistance at RM4.00. However, this stock has run up a lot in the past few weeks & it needs to consolidate that gain before rallying again. That consolidation could be at RM3.15-3.20 level.

    ReplyDelete
  16. Alex LuFriday, January 14, 2011 12:11:00 PM

    Hi hkloon

    You are right. JCY has broken above its downtrend line at RM0.82 on Jan 4. A breakout of a downtrend line could lead to 2 possible outcomes: a bullish uptrend (which we hope for) or a sideway bottoming phase. I think JCY could go into an uptrend as we have seen 3 higher 'high' & 3 higher 'low'. Good entry at RM0.83-0.84.

    ReplyDelete
  17. Alex LuFriday, January 14, 2011 12:15:00 PM

    Hi WK

    Sign of weakness for TDM, you bet. Its all-time high is at RM3.80 in 1993/94. It is not advisable to bet for a repeat of that high. I think it is time to take profit on this stock.

    ReplyDelete
  18. Alex LuFriday, January 14, 2011 12:22:00 PM

    Hi Chee Nian

    I did not see that announcement for SAAG. That's a sizable contract but we should not be too presumptuous that it would translate into a heft bottom-line. For a struggling company, nothing gives the share price a strong lift than booking in a sizable contract. However, this contract may be secured at thin margin or even at a loss. The immediate objective is the better share price would come in handy to facilitate the fund-raising exercise in the pipeline. Ask yourself this question: Why would you give a big contract to a struggling company, such as SAAG?

    ReplyDelete
  19. Alex LuFriday, January 14, 2011 12:41:00 PM

    Hi leslieroycarter

    What you are paying for is about what would be getting back. The upside is.... what this empty listed 'shell' company worth? What did Forrest Grump's mother told him about life: "Life was like a box of chocolates. You never know what you're gonna get."

    ReplyDelete
  20. Alex LuFriday, January 14, 2011 2:44:00 PM

    Hi james

    Mitrajaya (Mitra in short) is a very profitable company, making full year EPS of about 44 sen. It broke above the rising flag formation at RM1.40 on Jan 7. It seems to be a delayed reaction to the announcement made on Dec 29 that it had secured the hangars job in Subang worth RM53.5 million. It is undergoing some consolidation now. Trading at a PE of 4 times, Mitra (closed at RM1.73 yesterday) may still go higher.

    Dutaland needs to break above its downtrend line resistance at RM0.60, which is also a strong horizontal resistance. A short-term uptrend line has formed & the support for that uptrend line at RM0.56-0.57.

    ReplyDelete
  21. Alex LuFriday, January 14, 2011 2:51:00 PM

    Hi desmond


    I am not familiar with SAB. From the chart, it seems the stock is consolidating within a symmetrical triangle with resistance & support at RM2.75 & RM2.65, respectively. A breakout or breakdown should come soon as the share price is fast approaching the converging point of the triangle. Let see which way the stock will go.

    ReplyDelete
  22. desmondFriday, January 14, 2011 9:12:00 PM

    Hi Alex,

    Thanks you for the information about SAB. How about WTK and CBSTECH? Both of these counter having a short term strength too?

    Thanks
    desmond

    ReplyDelete
  23. UnknownSaturday, January 15, 2011 5:30:00 AM

    Hi Mr Alex ...

    Thanks for the sharing Detail to all of us , estimating and analysis SAAG company ... sell out at 0.13 CAN'T get the high price when it reach 0.155 i though i would be go up HIGHER ... LoLz..

    Thanks
    Chee_Nian

    ReplyDelete
  24. Alex LuMonday, January 17, 2011 4:23:00 PM

    Hi desmond

    Since June 2009, WTK has been trapped within a downward channel, with resistance at RM1.40 & support at RM0.92. It tested its resistance last week but it failed to break above it. The failure to break above the RM1.40 level could result in a correction which could send the stock back to the RM1.00 mark.

    CBSTECH appears to have broken above its downtrend line at RM0.36-0.37. Its next resistance levels are the horizontal lines at RM0.40 & RM0.50. CBSTECH is currently trading at a PE of about 10 times. For a smallcap, this PE is fairly generous. Nevertheless, we can take comfort in knowing that this stock is not excessively overpriced.

    ReplyDelete
  25. desmondMonday, January 17, 2011 7:35:00 PM

    Hi Alex,

    Thanks for your sharing.
    Nice day!

    Thanks

    ReplyDelete