Monday, January 31, 2011

Technical Analysis Jan 2011: GENM (4715)



GENTING MALAYSIA BERHAD

Observation from Chart:-


GENM have been retrace from RM3.66 high & retest RM3.21 support level.

As today, 31 Jan 2011 formed bullish engulfing candlestick.

If rebound, may look for RM3.44, RM3.54, RM3.60 resistant.

If the rebound strong enough, it will retest RM3.66 high soon.

However, if retrace down, may retest next support level RM3.14, RM3.04

Let watch closely...

Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Sunday, January 30, 2011

Technical Analysis Jan 2011: BURSA (1818)



BURSA MALAYSIA BERHAD

Observation from Chart:-

Bursa have been retrace down from RM8.98 high to RM8.20 BUT no reversal sign been formed.

RM8.16 is strong support level (MA50 & MA100 support level)

If selling pressure too high, it might future break down.

Next level of support, RM7.77 & RM7.62

However, if rebound might retest RM8.64 & RM8.98 resistant.

Let watch closely for entry opportunity.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Wednesday, January 26, 2011

Technical Analysis Jan 2011: MUHIBAH (5703)



MUHIBBAH ENGINEERING (M) BHD

Observation from Chart:

MUHIBAH have been retrace down from Rm1.90 till Rm1.70 support level (MA20)

Everytime retest MA20 level, it will rebound.

If future retrace down, it might retest RM1.59 & RM1.52 level.

If rebound, it might retest RM1.90 resistant level.

As today, Jan 26, MUHIBBAH ENGINEERING (M) BHD announced:

AWARD OF CONTRACT FOR ENGINEERING, PROCUREMENT, CONSTRUCTION, INSTALLATION AND COMMISSIONING (EPCIC) ALLIANCE FOR THE LNG REGASIFICATION UNIT, ISLAND BERTH AND SUBSEA PIPELINE OF THE LNG REGASIFICATION PROJECT BY PETRONAS GAS BERHAD

Contents : The Board of Directors of Muhibbah (“the Board”) is pleased to announce that the Company in consortium with Perunding Ranhill Worley Sdn. Bhd. (“the Consortium”) has been awarded the contract for the Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) Alliance for the LNG Regasification Unit, Island Berth and Subsea Pipeline of the LNG Regasification Project from PETRONAS Gas Berhad (“PGB”) (“the Contract”) on 26 January 2011 for a provisional contract value of approximately RM1.07 billion.

Let watch closely for the rebound opportunity...


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Monday, January 24, 2011

Technical Analysis Jan 2011: KENCANA (5122)



KENCANA PETROLEUM BERHAD

Observation from Chart:

Kencana has been retrace down from RM2.88 to RM2.48 (-RM0.40 or -13.9%)

As today, it retest RM2.48 support level BUT no reserval candlestick been formed.

If future retrace down, next support would be RM2.32 & RM2.23 level.

However, if rebound, it might retest RM2.88 resistant.


Let watch closely for entry opportunity.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Sunday, January 23, 2011

Technical Analysis Jan 2011: SEG (9792)



SEG INTERNATIONAL BHD

Observation from Chart:-

SEG is now consolidate at RM2.85 resistant level?

On 21 Jan 2011, volume of dispose is higher than volume average.

Added, indicator of RSI & Stochastic %K shown overbought stage, so consolidation or retrace down to support level is the next bull run opportunity.

If retrace down, it might retest RM2.47 & RM2.38 support level.

If able break up RM2.85 resistant, it will be much more attrative, new high record.

Let watch closely for entry opportunity.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Technical Analysis Jan 2011: TIME (4456)



TIME ENGINEERING BERHAD

Observation from Chart:-

On 17 Jan 2011, TIME retest RM0.545 resistant level BUT unable break up & start retrace down.

On 21 Jan 2011, it was retest RM0.47 support level.

Will it rebound or future retrace down?

1. Candlestick no reversal sign been formed yet.

2. MACD formed bearish crossover.

3. Stochastics %K no trigger a buy call.

If future retrace down, may look for RM0.43 support level.

However, if rebound, it might retest RM0.545 resistant level.

Let keep in watch list & watch closely for entry opportunity.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Thursday, January 20, 2011

Technical Analysis Jan 2011: MULPHA (3905)



MULPHA INTERNATIONAL BERHAD

Observation from Chart:

After attemp 4X ar RM0.675 unable break up, it start retrace down.
On 19 Jan, it retest MA20 support but no reversal sign been formed.
MACD bearish crossover BUT still at positive region.

If future retrace down, may look for RM0.575 & RM0.565 level.
RM0.55 might be strong support level, MA50 support level.

If rebound, may retest RM0.675 resistant level.

Let watch closely.

Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Wednesday, January 19, 2011

Technical Analysis Jan 2011: DRBHCOM (1619)



DRB-HICOM BERHAD

Observation from Chart:

On 18 Jan 2011, DRB-HICOM retest support level RM1.98 & formed bullish reversal.

Next resistant would be around RM2.24

However, if future retrace down, might retest RM1.85 support level.

Let watch closely...


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Sunday, January 16, 2011

Fundamental Analysis of Steel Sector


In view of Economic Transformation Project (ETP), more project to come...
After construction sector, next sector in play would be steel sector.
Malaysia have so many steel listed company, which counter will lead the bull run?


3 simple question:-
1. What are the projects?
2. What kind of steel needed?
3. Which listed company manufacture / supply this kind of steel?


If you got all the answer, you may start monitor the chart.
Opportunity is for those who are ready.
Let do homework & watch closely.

Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!



The nine confirmed projects are:

• LFoundry from Germany to relocate and invest in five wafer fabrication plants in Kulim Hi-Tech Park in Kedah over the next five years. Initial investment is valued at RM214 million while the total estimated investment is RM1.9 billion.

• Hypermarket chain Mydin will invest in 14 new branches over the next three years valued at RM1 billion, and also assist small sundry shops.

• A 208-room hotel and 160-unit residence, to be managed by St Regis, an international six-star hospitality brand, will be built on a 2.2-acre site in KL Sentral. This RM1.2 billion investment will have a total development area of 1.4 million square feet.

• Oilfield services firm Schlumberger recently opened its Eastern Hemisphere Global Financial Services Hub in Malaysia. This is part of the Greater KL/Klang Valley entry point project to attract 100 new multinational corporations to relocate their operations in Kuala Lumpur by 2020.

Malaysia Airports Holdings Berhad has awarded a 25-year concession to WCT to build and operate an integrated complex at the KL International Airport. The RM486 million complex will comprise a transportation hub for taxis and buses, one block of retail mall and car parks.

• Abu Dhabi government investment vehicle Mubadala and state-owned development company 1MDB will develop the RM26 billion KL International Financial District.

• Premium Renewable Energy will build five bio-oil plants over the next five years. The first plant costing RM124 million will be located in Lahad Datu, Sabah.

• Asia e-University has been appointed by the Ministry of Higher Education as the gateway university, for the development of online and distance learning. The initiative is expected to produce a gross national income of RM100 million.

• Johor Premium Outlets will be located in Genting Indahpura, Johor, a mixed development township which will feature, among others; a hotel, international water theme park and retail outlets. This will attract more tourists to visit Johor, especially from Singapore. The construction and investment cost undertaken by Genting is RM150 million.


Source:
http://www.themalaysianinsider.com/malaysia/article/pm-confirms-nine-etp-projects-says-more-to-come/


Thursday, January 13, 2011

Technical Analysis Jan 2011: OSK (5053)



OSK HOLDINGS BERHAD

Observation from Chart:-

On 17 Dec 2010, OSK break RM2.23 as 2010 new high record & retrace down to RM1.98 level.
On 7 Jan 2011, OSK retest RM2.19 but unable break up & retrace down to RM1.98 level again.

On 13 Jan 2011, OSK formed a doji sign.

Current support level RM1.98 level.
If future retrace down, next support will be MA50 & RM1.70 level.

However, if rebound, it will retest RM2.19 resistant level.
Let watch closely.



Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Monday, January 10, 2011

Technical Analysis Jan 2011: SCABLE (5170)



SARAWAK CABLE BERHAD

Observation from Chart:-

After consolidate around 1month & forming bolinger band squeeze.
On 4 Jan 2011, SCABLE already break up bolinger band squeeze.
It do retrace down & retest support level.

Today 10 Jan 2011, seem like hugging bolinger upper band.
Next subsequence resistant RM1.35

However, if retrace down, may look for RM1.24 support level.

Let watch closely.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Sunday, January 9, 2011

Technical Analysis Jan 2011: CMSB (2852)





CAHYA MATA SARAWAK BERHAD (2852)

Observation from Chart:-

After consolidate around 1month & forming bolinger band squeeze.
On 4 Jan 2011, CMSB already break up bolinger band squeeze.

There is a gap up on 12 April 2010, from RM2.83 to RM2.88 level.
Next subsequence resistant RM2.83, RM2.88, RM2.94, RM3.07

However, if retrace down, may look for RM2.74 & RM2.68 support level.

Let watch closely.


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Wednesday, January 5, 2011

Technical Analysis Jan 2011: MAYBANK (1155)



MALAYAN BANKING BERHAD

Observation from Chart:

After consolidate around 1 month at RM8.50, forming bolinger band squeeze.
On 4 Jan 2011, Maybank have been break up bolinger band squeeze with huge volume.

MACD & Stochastic %K, both indicator have been bullish crossover.

Coming few days, it might retest next TWO resistant RM8.85 & RM8.96
However, if retrace down, it might retest RM8.60 support level.

Let watch closely...



Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!

Sunday, January 2, 2011

Technical Analysis Jan 2011: MAYBULK (5077)



MALAYSIAN BULK CARRIERS BERHAD

Observation from Chart:

Maybulk has been retrace down from RM3.00 high to RM2.82 (closing price on 30 Dec 2010)
Meantime, no reversal candlestick been formed.


However, RM2.81 may define as strong support level.
On 25 May 2010, 6 July 2010 & 27 August 2010, 3X also success rebound at this level.
RM2.99 or RM3.00 is the strong resistant, it must have strong GOOD news to break through this level.

Let watch closely for entry opportunity...


Remark:
Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!