Final countdown… Welcome 2012…

On year 2011, how your stock performing?
Do you make some side income from stock market?

Before ending 2011, do let me wrap out some recent outstanding sharing, perhaps you do make some $ on that...

On 27 Dec 2011 sharing,TOPGLOVE (7113)
http://www.stocktalk2u.com/2011/12/technical-analysis-dec-2011-topglove.html

Result on 30 Dec 2011:-
Retest RM5.00 psychology level.


On 23 Dec 2011 sharing, MMCCORP (2194)
http://www.stocktalk2u.com/2011/12/technical-analysis-dec-2011-mmccorp.html

Result on 30 Dec 2011:-
Succeed break through strong resistance RM2.70 with huge volume.



On 20 Dec 2011 sharing, KPJ (5878)
http://www.stocktalk2u.com/2011/12/technical-analysis-dec-2011-kpj-5878.html

Result on 30 Dec 2011:-
Succeed break through strong resistance RM4.64 with huge volume.


On 11 Dec 2011 sharing, SUNWAY (5211)
http://www.stocktalk2u.com/2011/12/will-sunway-break-up-bolinger-band.html

Result on 30 Dec 2011:-
Succeed break through bolinger band & hugging bolingger upper band go higher high.


Last but not list, wish you Happy New Year 2012…

Technical Analysis Dec 2011: HAPSENG (3034)

HAP SENG CONSOLIDATED BERHAD

Observation from Chart:-

HAPSENG is forming ascending triangle.

Will it break through RM1.60 strong resistance?

Other indicator:-
1. NO reversal candlestick have been formed.
2. MACD at positive region, uptrend itinerary.
3. Stochastic %K trigger SELL call, pending confirmation.

If market sentiment positive, high probably HAPSENG will break through RM1.60 resistance, which we may confirm another wave of uptrend. (higher low & higher high)
On the other hand (if retrace down), it might retest lower triangle line, around MA50 level.

Let watch closely.

Technical Analysis Dec 2011: GENTING (3182)

GENTING BERHAD

Observation from Chart:-

GENTING is forming ascending triangle.

Will it break through RM11.00 strong resistance?

Other indicator:-
1. NO reversal candlestick have been formed.
2. MACD at positive region, uptrend itinerary.
3. Stochastic %K still on BUY call.

If market sentiment positive, high probably GENTING will break through RM11.00 resistance, which we may confirm another wave of uptrend. (higher low & higher high)
On the other hand (if retrace down), it might retest lower triangle line.

Let watch closely.

Technical Analysis Dec 2011: TOPGLOVE (7113)

TOP GLOVE CORPORATION BERHAD

Observation from chart:

TOPGLOVE is forming higher low & higher high, the uptrend is confirmed.

How high will it go?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K still on BUY call.

Immediate resistance would be RM5.00 psychology level.
Immediate support would be MA200 level.

Let watch closely...

Technical Analysis Dec 2011: HAIO (7668)

HAI-O ENTERPRISE BERHAD

Observation From Chart:

23 Dec 2011, HAIO succeed breakout MA20 & MA50 resistance.

Mainly due to
After struggling for 8 consecutive quarters, the group finally posted pre-tax profit up to RM11.25m:-

Source
http://www.btimes.com.my/Current_News/BTIMES/articles/20111221212123/Article/index_html

The bull run will continue. How high will it go?

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K still on BUY call itinerary.

Immediate resistance @ RM2.00 psychology level.
Immediate support @ RM1.89 level.

Let watch closely.

Technical Analysis Dec 2011: YTLPOWR (6742)

YTL POWER INTERNATIONAL BHD

Observation from Chart:-

Since 14 oct 2011, YTLPOWR keep trading between RM1.73 & RM1.88 range.
We may observe that YTLPOWR is forming bolinger band squeeze.

Will it break up or down?

Other indicator:-
MACD indicator remain side way. No obvious sign.
Stochastic %K still on BUY call.

Strong resistance would be RM1.87 level.
Strong support would be RM1.73 level.

Let watch closely for break out.

Technical Analysis Dec 2011: TIMECOM (5031)

TIME DOTCOM BERHAD

Observation from Chart:-

TIMECOM is a nice trending stock.

Once it break down MA20 support, it will go lower. (MA20 work as resistance level)
Once it break up MA20, it will go higher. (MA20 work as support level)

May use MA20 as entry / exit reference point.

Other indicator:-
MACD trade at positive region, uptrend sign.
Stochastic %K still on BUY call.

Immediate resistance @ RM0.725
Immediate support @ MA20 level.

Let watch closely for break up...

Technical Analysis Dec 2011: MAHSING (8583)

MAH SING GROUP BERHAD

Observation from Chart:-

MAHSING rebound from RM1.68 level & successful break through MA20 & MA50 resistance.

Will it break through MA100 resistance, which is RM2.00 psychology level?

Other indicator:-
No reversal candlestick been formed.
MACA bullish crossing, yet to move toward positive region.
Stochastic %K still on BUY call itinerary.

High potential will retest RM2.00 psychology level.
If able break through, it might consolidate between RM2.00 & RM2.14 level.
If retrace down, it might retest MA50 support level.

Let watch closely...

Technical Analysis Dec 2011: MMCCORP (2194)

MMC CORPORATION BERHAD

Observation From Chart:-

MMCCORP is rebound from MA20 support level.

Will it break through strong resistant, RM2.70 level?

Other indicator:-
MACD moving toward positive region, uptrend sign.
Stochastic %K still on BUY call.

It might retest RM2.70 resistance.
If the bull is strong enough, it might break through this level & go higher.

Else, it might retrace down, retest MA50 & MA20 support level.

Let watch closely.

Technical Analysis Dec 2011: SUPERMX (7106)

SUPERMAX CORPORATION BERHAD

Observation From Chart:-

SUPERMAX is forming ascending triangle.

Will it break through strong resistant, RM3.80?

Other indicator:-
MACD still at positive region, uptrend sign.
MACD bullish touching, pending crossover.
Stochastic %K already trigger BUY call.

It might retest RM3.80 resistance.
If the bull is strong enough, it might break through this level & go higher.

However, strong support at lower triangle line, which is MA50 level.

Will H5N1 bird flu theme make glove maker stock bull run?

Do recall that 1 Nov 2011, SUPERMAX proposed bonus issue of 340,077,440 new Supermax Shares to be credited as fully paid-up on the basis of one (1) Bonus Share for every one (1) existing Supermax Share held on an entitlement date to be determined later.

Let watch closely.