Chart: Kianjoo's daily chart as at Dec 19, 2011_ 4.40pm (Source: Quickcharts)
Monday, December 19, 2011
Kianjoo may conitnue with its prior uptrend
Kianjoo broke above its intermediate term downtrend line in November. It did not go up as it was capped by the horizontal line RM1.94-1.95. Today, it broke above this horizontal resistance on relatively thin volume. If this stock can recruit more buying support, the breakout could lead to a continuation of its prior uptrend. As such, Kianjoo could be a trading BUY.
Chart: Kianjoo's daily chart as at Dec 19, 2011_ 4.40pm (Source: Quickcharts)
Chart: Kianjoo's daily chart as at Dec 19, 2011_ 4.40pm (Source: Quickcharts)
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8 comments:
hi alex, may i know your view on rce cap... thanks
Hi Alex,
I am currently holding HiapTek at an average price of RM0.92. Hiap Tek has recently offered me a right issue. In your opinion, should i take up the right issue or sell the right issue?
Hi Alex,
Is Sunway having a triangle breakout now? Cheers!
Hi pyh
Sunway may have a bullish breakout at RM2.40. It may go to RM2.60.
Hi Eric
I would disregard the current investment in Hiaptek. On the basis of the new steel mill project that it would be embarking on & the strong new management team that would be coming in, Hiaptek looks like a good stock to invest in.
Hi sangkancil
Based on technical analysis ONLY, RCECap is to be avoided as it is in a downtrend. I would take a look at this company when it has submited its next quarterly results.
Hi Alex,
Can i know what is the resistance for Kianjoo?
looks like there are alot of trading between 2.01-2.03.
hi billyboy
The immediate resistance for Kianjoo is RM2.10 & then RM2.20.
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