Sunday, I mentioned that I'm stalking Latexx for a breakout, and she did a high volume (6.31 million) and close at 2.01 (above 1.98).
So, a long position is initiated and first P=2.10, a break above this will complete the triangle projection at 2.27. Lets see she will give me a good 14.6% profit or not.
Showing posts with label LATEXX. Show all posts
Showing posts with label LATEXX. Show all posts
Wednesday, 11 January 2012
Sunday, 8 January 2012
2012 Momentum Play- Latexx
On 28/Dec/11, I mentioned that Latexx did not consider a breakout due to her low volume traded,
http://reiccs.blogspot.com/2011/12/momentum-play-latexx-followup.html , I redraw the symmetrical triangle again to accomodate the false breakout in the below chart, so I'm still stalking for a break above 1.98 with at least 1.5 million volume, then we consider a good symmetrical triangle breakout. The RRR is good, with profit target at 2.27. Lets monitor for these 2 weeks, if still no momentum, then I consider the whole triangle story has ended.
http://reiccs.blogspot.com/2011/12/momentum-play-latexx-followup.html , I redraw the symmetrical triangle again to accomodate the false breakout in the below chart, so I'm still stalking for a break above 1.98 with at least 1.5 million volume, then we consider a good symmetrical triangle breakout. The RRR is good, with profit target at 2.27. Lets monitor for these 2 weeks, if still no momentum, then I consider the whole triangle story has ended.
Wednesday, 28 December 2011
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.
Sunday, 25 December 2011
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
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
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
|
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