KLCCP follow up - Gain 9.3% in 4 days

Well, a good short term trade indeed . For short term trader , today she hit my Profit target of 5.4 which is 9.3% gain in 4 days. For those who want some more, tomorrow is a defining moment to see whether she can go up further. But normally, I would like to take profit for half position and let the rest to ride on.
Anyway, for those who prefer to ride on, just monitor closely.

Another Momentum play - KLCCP

Another good stock in play. When she was around 3.1~3.4, I did have a look on her, just found that she is quite range bound and boring stock. I came to observe her is due to her low PE at that time (around 10+). She did give good dividend also (3~4%). Well, for a 3~4 % dividend stock, I don't think is worth keeping for a long time. Recently she has broke out of her range bound stage and keep up trending. I think this is due to the news that they want to unlock their properties value and list their properties as REITS.  Last 2 weeks, she has corrected back to 20MA , is it the ripe time to have a long position for a MP strategy ? Well, is up to ones appetite again as the election announcement is getting nearer and nearer, meaning the risk of big correction will be near. So, the RISK will be high. Well , E =4.94, S = 4.64 , P = 5.40. Lets see how she goes from here. As always, caveat emptor.