Wednesday, January 11, 2012

Rubber glove sector- part 1

Stocks in the rubber glove sector are moving very well today. Below are three stocks that have achieved breakout.

1. Supermx has broken above its "horizontal" line at RM4.00. Potential target is RM4.75-4.80.


Chart 1: Supermx's weekly chart as at Jan 11, 2012_12.00pm (Source: Quickcharts)

2. Kossan has broken above its horizontal line at RM3.30. Potential target is RM4.00.


Chart 2: Kossan's weekly chart as at Jan 11, 2012_12.00pm (Source: Quickcharts)

3. Harta has just broken above its all-time high at RM5.90 as well as its psychological RM6.00 level. Potential target is RM7.00.


Chart 3: Harta's weekly chart as at Jan 11, 2012_12.00pm (Source: Quickcharts)

Based on the above technical breakout, all three stocks are considered good trading BUY.
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1 comment:

  1. OjasWednesday, January 11, 2012 1:39:00 PM

    Dear Alex,

    Thank for your kind advise on EAH．

    Yes, i been monitored Rubber glove counters all years and your comment is really help. Thank.

    Cheer and Kong Xi Fatt Chai!!

    ReplyDelete