Monday 26 November 2012

TM- Still a good Fundamental Stock ?

I always been telling my friends, if we had bought TM around Mar2008 after the KLCI drastic crash of 350 pts , then we would have been holding a totally free of cost stock. You can see from the dividend adjusted stock, it is adjusted till RM0.00 on Mar2008. Meaning, the dividend and the capital repayment has paid all the cost of the stock if we would had purchase around that time. And till now, even TM has been drop for weeks already, one would still have a gain of RM5.28 without using a single cent. Cool right ? Will TM still give such generous dividend or capital repayment in the next few years ?


What about her Technical Landscape? Those who like to catch Falling Knife or the Waterfall play.
Is it time ? Lets take a look on the daily chart. Seems like the bearish volume is diminishing, and the
stochastic and MACD is showing a littler sign, they want to cross-over. For those aggressive type,
one may start accumulating around this price, for those conservatives, maybe a bullish crossover would
be a good. By that time, will she be support around 5.25 or 5.00 (strong support). Lets see how the price pans out.




Saturday 10 November 2012

Top Glove Target achieved !

As I said it a short play ! Target of 5.74 achieved on Friday. From the price-volume and stochastic indicator she may retrace before continue her uptrend. Nevertheless, once a trading plan is set for short play and the target price has achieved, I would not hesitate to take profit ! ;)


Monday 5 November 2012

MP : Top Glove

Is been nearly 2 weeks since my last post. I've been down with chickenpox. Hmmm... imagine for a 40+ year old guy got infected with chickenpox is no play. Whole body & face & everywhere are those pox. When look at the mirror, just feel I'm like a zombie. Too many till my doctor decided to give me antibiotics instead of waiting for my own immune system to build up the whole defence system.

Okay back to stocks, Top Glove seems like moving slowly and climbing a short term uptrend. Just seeing today full of reds 362 losers vs 146 gainers , she still manage to chalk up 0.08 gain. Well, the next critical resistance would be around 5.50. Able to close convincingly with volume above 5.50 would see her at the next resistance 5.74 and then 6.00 (psychological). I believe this would be a short play, make it or lose it.





Followers