Momentum Play - BIMB followup

Based on my trading plan of profit tgt at 2.07~2.09
( http://reiccs.blogspot.com/2011/12/momentum-play-bimb.html ),
BIMB has achieved the target yesterday.
So, one should take all profit, if not,at least half profit for those aggressive trader.
For the remaining position, lets see how she able to hang on to the Bollinger Band.
Note, MACD indicator is showing red and Stoc %K is going down from overbought level.
So, if tomorrow close below 2.02 or the candle drop out from the band,
one would also close the remaining position.

Momentum play- Latexx followup

Yesterday did a breakout but with very low volume, so no enter. Today, she drop back into the triangle. Lets monitor these few days to see whether triangle formation will be nullified.

Momentum Play - Latexx

Well, Latexx is doing a symmetrical triangle,  if Tuesday push up with high volume, then there will be a breakout from the triangle with a Profit target 2.27. Lets see, how she react on Tuesday morning, a climb above 1.96 with high volume would be a strong signal there will be a breakout. Once enter, if she closes below 1.94, then, then I would consider the breakout not successful. Hmm...lets see the trade is on or not on 27/Dec.

FA point of view, the below charts says it all ;) , beside Latexx, as blogged by me under my Value Invest list, Coastal is also in the list. The other company worth mentioning is HSL (Hock Seng Lee), I keep to write her up till later as the Technical show some signal.

Latexx among 14 Malaysian firms on Forbes Asia's 'Best Under a Billion' list

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Malaysian firms on Forbes Asia’s Best Under a Billion list 2011
	Sales (US$ mil)	Net Income (US$ mil)	Market Value (US$ mil)
Coastal Contracts	219	65	331
EA Holdings	7	1	16
Hartalega Holdings	243	63	677
HELP international	34	6	100
Hirotako Holdings	93	12	108
Hock Seng Lee	158	24	285
KKB Engineering	87	25	148
Latexx Partners	161	21	125
Masterskill Education	102	33	235
Mudajaya Group	282	70	506
MyE.G. Services	19	6	128
Top Glove	663	78	1025
Vitrox	28	10	92
Xidelang Holdings	151	25	44

Greetings

I would like wish everyone here a Merry Xmas & Happy New Year.

Next Saturday, I would like to do a summary on my quarterly summary on all my Value Invest & Momentum play  to make a check on  how long of my each trade/investment, the profit/loss % to let me realise my success rate for the pass 3 months.

Momentum Play-BIMB

Well, another Momentum Play (MP)  for me tomorrow.
Hmm, based on technical only
1) MACD bullish crossover.
2) Stochastic bullish crossover.
3) Volume still high and slightly increase back from Thursday (15/Dec)
4) Price climb back above 200MA
5) RiskReward ratio > 1

Tgt Entry = 1.94~1.97
Cut Loss < 1.83
Tgt Profit = 2.07~2.09

Well, lets see this trade is better than Ivory and faster than Kfima. :)

Ivory Momentum Play Dec11 Followup

As per my previous post for momentum play, as at today, she still manage to rebound from my Stop Loss Level at 0.94, thus I still can hold on to this stock to see whether this trade will bring me a profit or not.

Though Ivory did show a Inverted Hammer today & Stochastic at oversold and she seems to start to show some sign of rebound, I'm expecting she will start her upward movement tomorrow. But as of my writing now,  Europe & US market is in very RED, so the upward movement may have to wait :(

If the scenario become worst, for Momentum Play, discipline is important, once she close below 0.94, I have to cut her off as per my initial trading plan.

KFIMA follow#3

Below is my past analyses/comment on KFIMA (for Value Invest),

24/Oct

FA (Fundamental Analysis)

I have go thru her 2002~2011 EPS growth. Very attractive in the last 5 years. Based on the growth & earnings, she at least worth >1.83 (her recent peak). Cashflow is good. I'm in the middle of checking her intrinsic value (= her real worth if you treat yourself a long term investor), will blog out her worth later.
At 1.62 today, her PE ratio =6 .

25/Oct
Finally calculated out her intrinsic value (Fair value for some may use), she worth about 1.86 after taking into consideration she is a small cap & also assuming her EPS growth will be consistent or similar to these recent few years. I would rate her as a HOLD for FA point of view. Note : My rating for Accumulate for FA stocks is those with huge discount >30~50%% from her intrinsic value.

21/Nov
2 ways of trading using TA,

1) if one using TA based on break out strategy, one would have entered on 27/Oct at 1.65 during closing but considering the non attractive risk reward ratio , he may hesistated to entered. If he were to enter, he may profited at 1.69 (gaining only 2.4%), as he would not wait further as the psychology overwhelms him during 28/Oct~10/Nov where KFIMA drops to 1.60.

or

2) using TA based on "Buy at Support" Strategy (back-up by MACD >0), one would have entered between 2~10/Nov around 1.60~1.61 and using FA (intrinsic value around 1.86) as psychological strength to counter the FEAR . Given such overall market bearish sentiment, one may decide not to wait till 1.83 (3rd resistance or near intrinsic value), he should take profit at 1.75 (gaining 9%).

22/Nov (inside comment post)

Yes, KFIMA is facing resistance at 1.75.
Btw, what software charting you use ? After being adjusted for dividend ex 29/Sept on the chart, the gap you saw on 5/Aug should be 1.70~1.72 which is filled yesterday. So, I would see if she broke the resistance at 1.75, the next immediate resistance is 1.83.
Anyway, in these few days, she may retrace but I'm expected support at 1.68 & 1.64 would be a good one before she continue her short term uptrend (provided index do not tank badly)

And on 6/Dec, today (slightly after 1+ month),

Indeed from 23~25/Nov, 1.68 provided a strong support & she finally have reached her 1.86 intrinsic value. 

Moral of the story : 

If we were to based on TA to in out, we would not gain the whole 26 cents (16% gain) and mostly would be contributed to the brokerage.

But given the recent market volatility, can one stomach the up down price movement ? Again, following one trading plan initially before any long position should not have any regret no matter what is the outcome.