Wednesday, 28 December 2011

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.


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

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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