TRC Synergy 29/6/12

This is a favor done for Sheridan Sulaiman. 

This chart doesn't look good to me. Looking at it breaking lower n lower with few black candles the past few days and mid BB also been broken today, that indicates a downtrend. With its current support line @ 0.625 also being supported by Fibo 38.2%, if it were to go below this then, it might not be a good sign.

MACD - looking to cross below signal line as well. Another bad sign.

Next support will be 0.61, also at the trend line support being drawn in purple. Break this, might even be worse. 

So, what is your entry point for this counter? You gotta think and plan your trades then. Honestly, it just doesn't look good at all from what i see.

Quickly set a plan for yourself. All the best!

Crest Builder Holdings 29/6/12

Accordingly to one of my friend, that this is a good company, with div payout. However, i have just recently came across it and am watching the movement of this particular counter. I have no history / info about this counter at all. Except for some of the particulars that i managed to find from the announcement section temporarily.

Ex Div : 10/7/12

Payment Date : 10/8/12

5 cents.

Proposed 3 warrants : Existing 10 shares, RM 1.00.


5 yearly chart for CRESBLD.

Friday 29/6/12 :

O - 1.12, H -1.18, L - 1.11, C - 1.15


Resistance @ 1.18 - 1.20 - 1.31 - 1.45
Support @ 1.10 - 1.05

Attached would be the news of Joint Venture announcement :

Kurasia 29/6/12

Kurnia Asia Bhd is now known as KSK Group Bhd. 

It has proposed for disposal of its 100% equity interest of Kurnia Insurance to AmG Insurance Bhd for a total of cash consideration RM 1.550 million subject to adjustment.

Another proposal - disposal of freehold properties at section 14, township and district of Kuala Lumpur and state of Wilayah Persekutuan, KL by KIMB to Tan Sri Datuk Paduka Kua Sian Kooi to be satisfied in cash t the higher of the market value and net book value of the said properties. 

Kurasia - Looking good, bound to move higher from the chart, with MA 50 crossed above MA 100 in the past weeks, also today is the first day of high volume, with some collection noticed @ 0.645 / 0.65 level, and ended up with a nice closing @ 0.665.

Looking at its MACD, it has just crossed above the signal line as well. 

It might probably be touching 0.69 - 0.70 level soon, both Fibo 50% and resistance line.

Followed by next resistance @ 0.75 - 0.805 / 0.81.

Support would be @ 0.63.

Bursa Trade Statistic 28/6/12

Yep, it's true. The foreign were the ones who sold off yesterday, and in huge volume of RM 352.8mil. Pretty much due to the meeting yesterday night i believe. 

SG Pastor Kong Hee Charged

It's non related but just for reading purposes :P Relax a bit lo, since both Europe n DJIA are down in the red. 

Goodnight, zzzzz.... 

FKLI for 29/6/12

I have already been looking into the Next-month contract (July 2012) today. And it is advisable to trade in July month instead of the June (current) month, as it is already coming to the end of month now.

Well, FKLI & FBMKLCI was down today without much of a support, and am thinking could it be high likely due to investors exiting as Europe summit meeting would be held for two days from tonight onwards on solutions to solve the current Europe issues. 

For FKLI : 

Resistance @ 1596 - 1605 - 1619.

Support @ 1584 - 73 - 68 - 65.

Breakout point - 1592 / 93.

FBMKLCI for 29/6/12

It is still within the range as of now, however it is looking to be breaking below it, if somehow either the local nor foreign funds were not gonna support it.

It has been more of a selling day today, and i hope to get it right this time, that FBMKLCI has shown a bearish engulfing (could it be some other pattern if it's not bearish engulfing?) pattern today from the chart itself. Either way, it might be bad for tomorrow, with such a candlestick + Europe meeting.

DJIA -157.16 / -1.24% AS OF 10.59pm.

For ref:

Foreign bought and local sold.

TH Heavy Engineering

Well, someone did mentioned and posted about TH Heavy, aka as Ramunia before today. That it is actually a cup and handle pattern, as seen from the simple drawing above. If it is so, then it would be a good chance that high likely the price will be moving upwards then. What do you think?

And finally today, there have been some announcement made to regularize its pn17 status, as well as the rights issues, which is priced at 40 cts, for a ratio of 2 rights shares: 5 existing shares.

Below are the details which i have captured from Bursa's website.

Censof Warrants Issue

Well, i'm still holding to half of Century Software shares and finally the announcement of warrants issued is out, with a 46 cts of exercise price, premium from the current mother price. I don't exactly understand what this meant, therefore i might need some explanation from some seniors out there, on what to expect from this particular counter with such an announcement, as i have managed to cut loss partial of my lots about a week or two ago. And the other half more is kept for the warrants issue announcement. 

Looking at the support level now @ 0.39, also today's closing. Will it head up after the announcement of this? It came tumbling down after hitting 0.45 level on 19 June 2012. 

FKLI for 28/6/12

O - 1593, H - 1604.5, L - 1591, C - 1604.5

Wow. Fkli closed up amazingly today. 

First of all, it was a great breakout at 92 level, as stated in my previous post for today's trade. And all the way up to 1600.5, however it didn't managed to break past 1601 resistance then. It was a good profit for those who long at breakout this morning with merely 7 points = RM 350 (@ 1599 buy back) gross profit in hand, before the futures price went down again to 1596 level.

And after lunch, it went all the way up again to 1604 another resistance level. All in all, it was really a good trade again for today, if one were to enter again after its resistance of 1598 was broken the second time and finally making another round of profit @ 1604 / 1604.5 perhaps. He he. I wouldn't suggest an overnight trade somehow.

So, in total would be about 7 + 5 points = 12 points x RM 50 = RM 600. A full day salary of RM 600. Really good money :P

Okay, let's get back to the numbers, for tomorrow's trade.

Resistance @ 1604 / 07 / 13. 

Support @ 1596 / 93 / 88 / 82.

Let's watch how it is like for tomorrow, as Felda Global Ventures Holding will be listing tomorrow. I somehow feel that FBMKLCI will be very strong tomorrow, as today it has climbed up and stayed slightly above 1600 psychological level at closing.

DJIA is @ positive zone now + 89.99 / + 0.72% @ 10:14pm. It might in a way help us as well of tomorrow's index.

Ha ha, it was the retailer who acted as the net buyers for yesterday's statistic. Local & foreign funds were the net sellers instead, no wonder the index didn't hold well. Imagine, it was just only small amount of selling from the big funds, and that could bring the index dropping, and what if the funds were to throw them all little by little from the huge amount that they have bought in since then? It will somehow looks pretty scary..... 

FBMKLCI for 28.6.12

O - 1594, H -1601, L - 1593, C - 1601

Well, FBMKLCI has been hovering within the range of 1591 - 1608 (blue highlighted area) these couple of days. 

That would act as the support and resistance level. 

Somehow the volume today has increased slightly, and it is slightly above the Vol MA line.

Btw, can that be considered as a bullish engulfing pattern, though the second candle (last candlestick) didn't swallowed up the whole of the black candlestick. But it looks almost to swallowing. Can someone advise me on this? Tq in advance :-)

 DJIA + 88.25 / + 0.70% @ 10:34pm.

AT EOD 26/6/12

AT is looking alright for these few days, and 0.185 is seen as the strong support level now. 

However, the most unconvincing issue; is the volume which is still pretty low.

Anticipating for a higher volume, but on how soon it would be, i'm unsure.

But it would be good to be able to see 0.24 cents when it breaks past 0.215 level. 

It would be good to trade on breakouts.  

GCB 26/6/12

O - 2.75, H - 2.88, L -2.75, C - 2.84

GCB is walking along the top Bollinger Band, with a spike of volume today after a small volume seen yesterday. I was informed that the IPO price for its listing in Singapore is priced @ SGD 1.30, which after converted would be equivalent to about RM 3.25. 

It would be a discount if you were to compare it an "apple to apple" basis.

Next two resistance @ 2.91 - 2.97, and if the historical high of 3.10 to be broken, you will perhaps see it flying then...... Would be anticipating for this time to come, and i do believe it would, in a longer run. 

Support for now 2.77 - 2.72. Good profit for those who had then entered earlier. 

FKLI for 27/6/12

It was another good profit for those who shorted at the level where 1600 support line had been broken below and that was merely a nice 8 point profit with buying back @ 1591 next support level, as the futures index didn't managed to move past 1607 level and instead found its way lower for today.

Right now, we shall be watching of its breaking point @ 91 - 92 level, of its next direction. 

Resistance @ 1598 - 1601 - 04. 

Support @ 1586 - 82 - 74.

DJIA +23.69 / +0.19% as of 9:47pm.

Well, the weaker KLCI yesterday was due to no support from the local funds, to push it higher. Whereby, foreign funds were the one who took some tiny bites from the local retailers who threw off some shares off their hands.


FBMKLCI has ended even lower today, breaking below 1600 support and closed @ 1594.10. And yep, it was a reversal sign indeed, of yesterday's candlestick from FBMKLCI chart.


So, what would be your view for tomorrow's KLCI? Will it continue to fall lower or the other way round? Felda Global Ventures Holdings will be listing soon, this coming Thursday. Are they getting ready with some cash to buy more on listing day? :P


I believe it will shoot up on listing day. Let's watch how high can it go? Any guess? For me, i think it would most likely be + RM 1 from the set price of RM 4.45. Good money!!! But no fate, no luck to earn this free money.

Ramunia EOD 26/6/12

Ramunia has started to move lower, within these two days closing. From yesterday's closing of 0.435 and finally it ended @ 0.42 today.

Someone reminded me of its bearish signal for this particular counter, from the W shape which i draw in the chart. And at the same time, it is very at the overbought levels already, you could see its RSI turning down as well as the MACD line has started to look like its moving lower now, with its first red histogram seen from the indicator after so many days in the green.

Volume had also decreased since yesterday, with more sellers than buyers seen. And that gave two black candlesticks, with a black marubozu today. Will it continue to move lower then? As from what i have seen from its buy and sell Q's and transactions, the buyers didn't seem to be wanting to eat at a higher price though. And that brought a close of 0.42 instead of 0.425 where there were many lots waited to be sold here.

2 possibilities as of now; in my opinion, it might either stay sideways lingering around 0.42, or it will move lower to its next support of 0.398; around 0.40 level.

Will have to look at the demand tomorrow. 

To all out there, what would be your view on this counter then? Feel free to share. 


P/S : If there is an opportunity to take some profit, please do so, and find another chance to get in again. Just an advise. Otherwise, you could look at it for longer term, if you are well verse and confident with this company. It's just the time wasted with cash on hold to it to be exchanged with some other opportunities out there. :P

FKLI for 26/6/12

O - 1606, H - 1615.5, L - 1602, C -1603

It came down to 1603 level this morning however it didn't break below support of 1601 which i posted earlier, and look at the breakout point at 1606 from the left, the 9th row. That is where a long is done, and it was a pretty quick profit for the day topped @ 1615 resistance level where i have posted too on my FKLI chart for today.

As from the time period from 9 - 9.20am. One could gain roughly about 7 - 8 points per contract. It's very rare to have such an opportunity though for a quick breakout and profit @ top. 

Congrats to those who entered long after 1606 break above!

Support for now @ 1600 / 1591.

Resistance @ 1607 / 1610.

DJIA is down with a 3 digit number -145.27 / - 1.15%, with Dow @ 12495.51 as of 11.23pm.

FBMKLCI for 26/6/12

Well, KLCI ended flat today. 

O - 1602, H - 1611, L - 1601, C - 1603

It is still within the 1599 support and 1609 resistance range. It might probably be still within this tight range for the next couple of days (my opinion). 

However volume has decreased today, as compared to the past few days. 

Is that a shooting star candlestick that we are seeing from the chart? 

Will a reversal pattern occur then? 

As DJIA is at its very negative territory of -148.22 / - 1.17%, it doesn't look too good. And will KLCI be still getting its support for tomorrow and the days after? How long more can this last?

Things just doesn't look good, but FBMKLCI might still be doing alright with such a sentiment. Let's just view what's gonna happen, i have no idea what could be coming up though.

The foreign funds are still the net buyers, as of last Friday.

Ramunia EOD 25/6/12

Ramunia last candlestick has moved out of BB. 

I believe it might have to move down, most indicators shown that it is too overbought already. 

Perhaps, a good entry around 42 - 43 cts level (support levels), provided it doesn't break below the line that i drew. 

KLCI for 25/6/12

O - 1599, H - 1608, L - 1594, C - 1603

Resistance - 1609

Support - 1595

DJIA closed with a positive of 67.21 points last Friday, + 0.53%.

FGVH IPO would be listed on 28th of June 2012, and in my opinion, perhaps FBMKLCI will still be on its supported range within the next whole week, until after that we shall see what will happen then. 

I'm neutral for the moment.

Sources from The Edge : 

Daily & monthly stochastic continued to stay in their respective overbought levels. Whereby its weekly stochastic continued to stay in its neutral level.

Make or Break resistance 1610 - 1625.

FKLI for 25/6/12

O - 1599 H - 1613 L - 1596 C - 1606

Breakout point - 1606 to watch out.

Resistance - 1615

Support - 1601, 1597

Foreign funds came in again on Thursday (21/6/12) with a net buy of RM 100.9 mil.

Is this consider as one good sign? As the past few days they were back being the net buyers however with very less volume and on Thursday the volume has slowly increased.

Ramunia 22/6/12 Half Day

Ramunia was pressed down this morning, partly was due to the bad fall of DJIA, that scares retailers to throw them down to lowest 0.425 and rallied up back to 0.445 before lunch closing, it is now at 0.44 where it has broken past the big sell Q that was placed earlier, with a big gulp of 5k 5k and eaten up a total of 29620 shares at 0.44 just at 1212pm, where the volume has started to build up already. 

It has now come to the level of 0.445 where it didn't managed to break in the previous runs. Will it break past this level now? And the next destination level to be looking at is @ 51 cts also coincides with the Fibonacci Retracement of 100%.

Let's watch. Happy for you guys who were into Ramunia! 

Gambateh Ramunia!

Happy Friday too... Profit taking day for most. :-) Enjoy your weekends..

Censof EOD 21/6/12

Censof - 1 : 8 bonus issue free warrants (1) for every (8) existing shares, however the entitlement date has not been determined yet.

It is currently hovering @ 0.42. Only a slight upward movement today with barely even some volume (so tiny), after the last two days slide, as it was slightly overbought then. And is currently, still above 50 days MA and 20 days MA, also it is still supported by the bottom trend line.

What will be happening next to this counter? Will it be starting to rise after the entitlement date is out, or will it just stay sideways for the time being? 

Not a nice counter to play with. I will try not to touch such counter anymore!

P/S : Thanks Max for your comments and replies. :-) I appreciate it and at the same time i manage to learn something from you too. :-)

FKLI for 22/6/12

FKLI 

O - 1609, H - 1612.5, L - 1602.5, C - 1606.5

FKLI is a little more on a tighter range today. It was slightly on the upside in the morning at opening, and drifted all the way down when KLCI opens. However, today's LOW didn't break below yesterday's low of 1596. It is still looking alright for now, closing @ 1606.5, 1 point lower than yesterday's closing. 

We shall watch tomorrow's movement for a confirmation, as the last candlestick for today's FKLI is a spinning top. Will it be forming an evening star pattern? 

Breakout point @ 1604.

Support @ 1598 - 93. 

Resistance @ 1614.  

DJIA -66.19pts / -0.52% @ 1111pm.

Looking at Bursa Statistics Chart, it was the retailers who were exiting the market instead. Well, i guess it's pretty wise of them to do so. Not to be greedy instead, taking profit for what they have earned. Not much of a significant signal though, as the net buys from local and foreign funds were quite small.

Ramunia Half Day 21/6/12

Ramunia is walking along the top Bollinger Band today, with one Parabolic Sar signal already appeared below today's white long candlestick, which indicated a buy signal, with a higher volume as compares to the previous days.

However, the RSI of this chart shows an overbought signal of 82%.

Will it be coming to a good closing today and continues its upward movement? 

Let's just watch and react accordingly.

Just fyi, O - 0.41, H - 0.44, L - 0.41, C - 0.435

And had touched Fibo 61.8% before lunch closing earlier.

Resistance - 0.445 - 0.47 

Support - 0.42 - 0.41

Announcement :

One of the director acquired 1mil shares yesterday @ price of 0.399 and 0.40. 

FKLI for 21/6/12

FKLI has broken and gotten itself a new high of 1608.5 today.

O - 1599.5, H - 1608.5, L - 1596, C - 1607.5

Fed Ben Bernanke will be on air tonight, we are all anticipating for QE3. As of now, DJIA is @ +1.93 pt / + 0.02%, very flat, has not gotten a direction to move yet.

His speech would be most likely be deciding the movement of the US market tonight and for us Asian market tomorrow.

Support levels for now @ 1607 - 1600 - 1597.

P/S : Sorry for the untidiness as i accidentally draw wrongly, therefore i have to apply some liquid paper on the graph paper. I know it's ugly to look at :-( 

Please watch out, MA 100 and MA 50 are at a very close distance. It might or might not cross. If it crosses, that will not be a really good indication then, though the candlesticks are still above the MA's. 

Let's watch how strong can the support be. 

Ramunia EOD 20/6/12

Ramunia opened @ 0.405, H - 0.415, L - 0.405 and closed @ 0.41.

It closed @ yesterday's high today. So far so good, it has broken out from the top Bollinger Band & is currently above it already. Probably it might need to get back into its band within, before further resuming its upward movement.

Level to look @ 0.42 resistance level. 

Support @ 0.41 - 0.40. 

It's great to see the golden cross where 50MA crossed above 100 MA @ 0.36 level. This indicates that Ramunia is in its bullish strength.

FBMKLCI for 20/6/12

FBMKLCI has now broken above the resistance levels, though with a shooting star candlestick yesterday, a reversal at top didn't happened today. Instead it went even higher than yesterday's high and settled 1594.98 @ its highest for today! What an interesting hike. Chg : +12.25pts / +0.8% 

Will it continue to move above again now? As it is getting nearer to 1600 level and might even break past the historical high of 1609. Just be on the watchout! It might either break past or maybe not.

It has been a good day today for most people i believe, having seen their shares moving up at least, for some profit or even cutting losses; like myself i managed to cut some losses on Censof, the low volume counter.

Support for now @ 91 and 80.

Let's have a look @ yesterday's statistic. Same thing which we have been seeing since the past weeks, foreign funds are still exiting our local market, whereby the local institutions are the one supporting it.

This is indicating that foreign investors are leaving. And why is it so? Only they will know the reason to it. We could only speculate and predict. Therefore, we must start getting our brains functioned, and ask ourselves why? I need to get mine functioning too.

And of course, reading more news might help as well.

Skpress 19.6.12

By looking at Skpres'es chart, it looks good today from the high volume, and it looks like it is coming to break out from its top BB. And if this were to happen, we might be seeing a new high when it goes beyond 59 cts, historical high. 

MACD is already above signal line, however it is still very nearby, and once it breaks, it will be seen moving further from the signal line.

RSI and Stochastic are looking good, already up, and might just go even higher when it breaks above the top BB and historical high. 

A good opportunity for those who have entered today.

 Support @ 0.535. 

Poh Kong EOD 19/6/12

Poh Kong - As per request :P 

Currently supported @ MA 20days, also the mid of Bollinger Band, with it rebounding from 0.445 level few days back. (Note that on 26 Jan 2012, the price hike started from 0.445 all the way up to 0.62 - Highest for the year 2012 - Feb)

Can it breakout from top BB and head towards 0.49, which coincides with Fibo 50%? A nice level though, however only with a tiny bit of flesh, for an entry now. 

Therefore, for the time being, will just stay side and watch first. Let's see where would be the next level after breaking out and touch 0.49 (if it happens). Will it continue to move up or will it slide back lower? 

Waseong EOD 18/6/12

Will it rebound from its historical low and stay above 1.84 - 1.85 level, also the double bottom which shown on the chart above?

There were huge selling seen yesterday, also drastic price drop since end May until today there was somehow a slight rebound where it closed @ 1.84, the previous lows prices.

Wah Seong said last week that it was positive on its financial year ending Dec 31 2012 outlook with its current order book of RM 1.2billion, comprising RM 727 mil from O&G segment, RM243 mil from renewable energy segment and RM182 mil from the industrial trading and services segment.

And there has been consistent purchases of shares into its treasury since two months back, ranging from RM1.81 - 2.01. 

Any idea whether would it be good for a longer term investment? Very much appreciated if there are experienced traders, who are willing to share your views as i'm still learning and would like to gain some knowledges here. 

Thank you. 

Censof EOD 18/6/12

Censof - I once entered and didn't have a trading plan then to cut loss, and was stuck in this counter without volume for quite a while.

Should i be exiting with a cutting loss target now? Or should i stay put and hold till it touches my cost of 0.475? 

Let's look at the chart, it looks like its overbought already from the RSI and Stochastic, MACD too has crossed above signal line since end May, however it is still looking strong. 

It closed positively last Friday with a high volume done, however we could see a long upper shadow from it, which indicated sellers pressure. And today it still managed to closed up high @ 0.435, with a last minute huge buying volume from 430pm onwards and that resulted in a white marubozu candlestick breaking out from top BB, with even a higher volume compared to the previous one.

It's indeed a successful breakout today, however without much attraction i presume. Will it continues with its uptrending momentum tomorrow to 0.46 resistance level? 

Any comments / opinions? Feel free to share with me.

:-) 

  

OSK EOD 18/6/12

OSK - First day surging with volume, it was a rebound from its low of 1.35. 

Well, this happened after the interview with Tan Sri Ong Leong Huat - Founder & director of OSK Holdings Bhd. He stated that he isn't cashing out from OSK and that he sees the value in RHBCap and therefore, the merger was to help OSK and its stakeholders to benefit in the longer run, to grow bigger and to be a more competitive entity.

Tan Sri Ong believes that OSK Holdings should be able to be released of its PN17 tagging note by Bursa Malaysia post completion of the merger, as it still holds a book value of est; RM 2.34 per share.

So, will this be a successful rebound? 

We should be monitoring 1.41 level to breaking it successfully, will lead us to 1.50 resistance. It has a pretty good volume today, with RSI and Stochastic starting to make a U-Turn pointing upwards, with its MACD almost crossing the signal line too. 

Will it be another good round tomorrow? 

FBMKLCI for 19/6/12

FBMKLCI did wonders today, breaking out above the 84 level this morning, with its opening of 1585, all the way up to 88 before settling lower and closed @ 1582 level.

Support for now @ 78 and will be ranging within 74 - 69 level.

It's a sign of shooting star of the last candlestick from the chart today, which might be indicating a probable reversal at top. 

US futures right now is -72 points  / -0.56%.

Hence, it might be time for another mild correction again perhaps.

Remember the huge buying & selling i mentioned on my previous post? There you go; attached on this chart, you could see the foreign funds had sold a pretty huge amount of stocks; which are mainly from the TOP 30 big caps to the local funds. 

The local funds have been pumping in lotsa cash recently due to the selling from foreign, that resulted in the rising of FBMKLCI. 

What could be up next?