Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18
Showing posts with label supports. Show all posts
Showing posts with label supports. Show all posts

Thursday, October 30, 2014

Insas. CMMT. KSL. HapSeng. YTLReit

If there's a stock I would  invest a lot of money in, it would have to be Insas (nta 180, Qeps 8.9/ 6.2/ 4.6/ 4.9c)
Accumulating from 98 sen, RM1.00 and RM1.05
The movement 86/88c -> 96/98c -> 106/108c -> 116/118c.???
I think it's gonna move to RM1.19 strong resistance (former strong support).

Why the dip in CMMT stock price to RM1.43.?
CMMT (nta 123, Qeps 6.5/ 2.1/ 2.4/ 2.2/ 5.9/ 2.0) pays 4.5 and 4.53c as dividends
Therefore 9.03/143 = > 6.3 % dy

KSL shares price has surged to RM4.70 while HapSeng keeps going up to almost RM4.50
Lets see if HapSeng will increase their half yearly dividend from 10 sen ...
Luxchem (nta115, Qeps 3.8/ 3.3/ 4.6/ 3.8/ 3.7/ 4.6) shares price rose to RM1.80 on proposal of bonus shares issue
YTLReit in news on improving earnings. Anyone who misses out on buying other REITS can still accumulate this one as YTLReit pays 6.9 sen on current price of RM1.03 (dy = 6.7%)

Thursday, October 16, 2014

Stock market still depressed.

Heavy selling for the whole week at local stock market.
Oil & gas, plantation and property sector share prices plunging more than 20% from recent high..
Looks like stocks is entering a bear market with everybody in a panic mode selling their holdings and asking question later..

KSL rose as high as 4.97 last month and since then had slid to about 4.20 and is traded currently at 3.80
Daiman has dropped from 3.70 and currently trades at 3.00 mark
Tambun share price tumbled from 2.60 to 2.06
PJ Dev slid from high of 2.20 to 1.60 (more than 30%)
Paramount dropped from 1.60 to 1.43
TA shares price tumbled from 93 to 76 sen
Blue chips Maxis, DIGI and HapSeng seem to be holding well at 6.50, 5.84 and 4.00 respectively
Liquidate more than RM500k of stocks for last one month..
And the selling has not subsided with KLCI down by 1% at 1768 : 1001 losers dominating 64 gainers in the local KLSE market.....      Happy trading...

Thursday, July 31, 2014

KSL continues uptrend. Tambun. PJDev. Glomac.

KSL shares price continues to rise to new high hitting RM3.00 level
Over a month it has appreciated more than 30 % from RM2.30 range
Was accumulating from 2.30 range, 2.60+ level.
Even at 2.80 yesterday I was buying: And contra off at RM3.00 today
Best performer of the month in my portfolio...

Tambun continues to inch up from 2.20 to 2.50 range registering >13 % gain in price
PJ Dev (nta 221) continues to be in the limelight and soon will hit the RM2 mark
Glomac shares price has gone from 1.09 to 1.20: Sold too early, wait for it to come down at 1.07
KPS shares price has tumbled to RM1.50
Reits of IGB, Pavilion, Sunway at 1.30, 1.40, 1.43 levels

Continues to accumulate TA, KSL, trade Malton.. Waiting for SymLife, KPS, DRB, YTL, Pantech..

Sunday, July 3, 2011

How to trade safely in this market

Many blue chips counter are trading in a narrow band so it seems like we'll have to trade between these and be contented with a few percentage of gain within a week or two.
GenM and Maybank seems to be trading in the ranges of RM 3.5 to 3.7 and 8.7 to 9.0 respectively for the moment and if well traded, could yield a potential of 3 %. Not much but 3 % within a fortnight is much better than the same in a yearly FD. I think there's limited downside for these two counters. TM is another safe bet ranging from RM 3.85

There's many other counters you can trade for short term gain. I'm pretty sure you have your favourites to scalp for a profit. Just ensure you pick counters you're familiar with its price action, having good fundamentals (decent earnings) and newsflow.
I think Latexx and Supermax deserve a relook with commodities prices trending down. The only snag is the income that's priced in USD ( 1: 3 MYR ). Happy trading ..!

Monday, August 17, 2009

Perceived Support Levels: Properties Stock Counters

KLCI slid to 1169 after losing about 20 points, triggering my buying interest on some properties & construction stocks. So I did a quick check on some of the counters with the most likely strong support/ buy levels.

E & O ( RM 1.06 - 1.10 ). IJM Land ( RM 1.60 - 1.70 ). IGB, Mah Sing, YNH ( RM 1.75 - 1.80 ). Sunrise ( RM 1.85 - 1.95 ). D & P ( RM 1.10 - 1.16 ). MRCB ( RM 1.10 - 1.20 ).

Other counters that might interest me at their support levels: TA ( RM 1.00 - 1.10 ). MPHB ( RM 1.66 - 1.70 ). Gen M ( RM 2.65 - 2.75 ) . Axiata ( RM 2.93 - 2.96 ). G Packet, Leader U ( RM 0.70 - 0.73 ). RCE ( RM 0.60 - 0.65 ). Lion Div ( RM 0.50 - 0.53 ). Lion Ind ( RM 1. 25 - 1.36 )

This is not a recomendation to buy the above stocks the instance the stock prices hit their respective support levels. Rather take time to monitor the price action to ensure that these levels are the support levels where buying is strong.

And remember: Don't buy to hold long, sell whenever the market gives you gain/profit. It's impossible to rob the market.