Based on technical breakout and positive outlook for the building material sector, LMCemnt could be a trading BUY.
Chart 1: LMCemt's daily chart as at Apr 5, 2013_10.15am (Source: Quickcharts)
Chart 2: LMCemt's monthly chart as at Apr 4, 2013 (Source: Tradesignum)Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, LMCemnt
4 comments:
Hi Alex,
What do you think of Unisem technically? Thanks.
Hi vincent chua
The Philadelphia Semiconductor Index (SOX) seems to be peaking. If so, the no Oomph in any rally for semicon stocks.
Unisem may put in a short rally to test its strong horizontal resistance at RM1.00.
Hi Alex,
What do u think about LMCemnt competitor, Tasek ? Is it good for long term ?
Many thanks
Brian
Hi networking
Tasek paid a dividend of RM1.20 in FYE31/12/2012 (an increase from RM1.00 previously). For FY2012, its revenue was flattish at RM564 mil while net profit from RM103 mil to RM92 mil.
It may have broken its long-term uptrend line at RM15.50. Its next support is the horizontal line at RM14.80. Failure to recover above the uptrend line would a warning. Thus, it is good to avoid the stock for now or, if you have it, take profit on this stock.
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