Based on these, IJMLand & warrant could be good trading BUY.
Chart 1: IJMLand's weekly chart as at July 16, 2012_3.00pm (Source: quickcharts)
Chart 2: IJMLand-WA's weekly chart as at July 16, 2012_3.00pm (Source: quickcharts)
Monday, July 16, 2012
IJMLand may have a bullish breakout
IJMLand & its warrant had broken above their respective downtrend line. Like the previous 2 breakouts, this breakout is confirmed by MACD going into positive territory (or, about to do so in the case of the warrant), RSI crossing above its 30-week MA line; and the +DMI crossed above the -DMI, with ADX trending higher. All indications are that the stock & the warrant are likely to rise higher.
Based on these, IJMLand & warrant could be good trading BUY.
Chart 1: IJMLand's weekly chart as at July 16, 2012_3.00pm (Source: quickcharts)
Chart 2: IJMLand-WA's weekly chart as at July 16, 2012_3.00pm (Source: quickcharts)
Based on these, IJMLand & warrant could be good trading BUY.
Chart 1: IJMLand's weekly chart as at July 16, 2012_3.00pm (Source: quickcharts)
Chart 2: IJMLand-WA's weekly chart as at July 16, 2012_3.00pm (Source: quickcharts)
Hi Alex ,
ReplyDeleteWhat's your opinion on Naim ?
Seem like it has just broken out from long time sideway.
Tx!
Thank you Alex. IJMLand have good prospect on Bandar Rimbayu (Canal City)
ReplyDeleteHi luckystock2
ReplyDeleteNaim is still caught in a triangle with support at RM1.70 & resistance at RM1.85. It tested its resistance today. If it can break above that, it may rise further but the long-term downtrend line is at RM2.70.
At this moment, I would regard Naim as a stock that is trying to find its bottom.