Friday, 9 October 2015

Technical Stock To Watch on 09/10/2015 – LEONFB (5232), GADANG (9261) & GDEX (0078)



LEONFB (5232) was traded with huge volume on last 2 market days. This stock broke the ranging or sideway range of MYR0.425-0.450 with Bollinger Band opened wider on 08/10/2015 after the market session ended. 



LEONFB Daily Chart

Another reason to look at LEONFB is that most of the counters facing profit taking and closed with red on yesterday trading session while LEONFB closed with green (opened low closed high) which is a good sign for this stock.
Foresee LEONFB will continue its upward direction in the next trading days with target price is the gap to be filled @ MYR0.485. If regional & local markets still in bullish momentum in the next few days or weeks, the subsequent target price to look at is the next gap to be filled up is MYR0.525.


GADANG (9261) made a breaks thru of ascending triangle resistance @ MYR1.38 with improved volume on 5/10.  


                                                                       GADANG Daily Chart
 
Although GADANG also facing some profit taking as other stocks yesterday, but relatively the selling pressure for GADANG is relatively lower based on the low traded volume. 

If GADANG continue the upward momentum and successfully breaks thru the triangle in the next few days, the next target should be the MYR1.59 resistance.


GDEX (0078) was resisted by MYR1.18 since 18/9 with low trading volume but it has however, succesfully broke the long term  downtrend line from the peak of MYR1.84 as of 14/4/2015.


                                                                          GDEX Daily Chart

In case MYR1.18 violated, foresee a very bull will continue its momentum might comes.


 
Good luck & Happy Trading!


Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.



Tuesday, 6 October 2015

HUPSENG (5024) - QUALITY is Our Promise




Hup Seng established in 1958, has been a household name synonymous with quality biscuit manufacturing. Today, it is one of Malaysia's leading biscuit manufacturers with many accumulated outstanding achievements. Through continuous upgrading, Their products have been honoured with numerous awards worldwide, marking important milestones for the company's history. 


These awards includes : 
2008 - BRC Global Standard 
2012 - ISO 9001:2008 
2012 - HACCP Warranty Accredition 
2012 - ISO 22000:2005 Food Safety Management System 
Halal Certification MS 1500:2009 / 1 145-08/2004 
1994 - 2015 - Gold Medal Award, Monde Selection 
2005 - MITI Industry Excellence Awards 2004 
2003 - The 3rd Prize of Malaysia's Top 100 Brands 2002(Food Products) 
1991 - Gold Medal Award, Taipei International Gourment Appraisal Organisation 

This has educated consumers on food safety and hygiene and at the same time fostered their confidence in Hup Seng's products. 




With an international market coverage that spans Asia, Africa, Oceania, Europe and North America, Hup Seng's products have captured the hearts of consumers, young and old in many corners of the world. Henceforth, Hup Seng shall continue to upgrade, improve and reach new peaks of excellence.


Besides the domestic market, Hup Seng also export their products to over 40 countries in Asia, Europe, America, Africa, Mid-Asia & etc.





Hup Seng record in building profitable and successful business in the most demanding and competitive of international markets. Their challenge lies in gearing to meet the future demands of the markets they serve.



We can look at its 5 years records are consistency profitable and improving the businesses. Besides, it attractive dividend yield at least 3.5% p.a. It is a very good income investing.  Its business also export to international and his business started more than 50 years. 



Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.

Technical Stock To Watch on 06/10/2015 – HOVID (7213) & PENTA (7160)

HOVID (7213) opened gap up and making the 5th higher high after broke the downtrend line and MA50 (gold solid line) since 1st Oct with improved volume after the session ended on 5/10. 

HOVID Daily Chart

Foresee HOVID will continue its upward direction (higher high) and breaks the parallel upper line based on 2 technical signals: Bollinger Band opened wider and increased trading volume, in which this 5th higher high is the only wave comes together with increased trading volume.


                                                                                 PENTA Daily Chart

PENTA (7160) should makes the 4th higher high from 5/10 onward and resistance of MYR0.825 should easily breaks if the upward momentum continues. It also well supported by MA50 (gold solid line) since 21/9 without failed.

                                                                                                                                   
In case the uptrend persisted in days or weeks ahead, the next strong resistance would be the historical high @ MYR0.915. Besides the above mentioned 2 stocks, one can looks for HEVEA, HEVEA-WA, HOMERIZ, PTARAS and MINHO for technical stocks to watch on 6/10.


Good luck & Happy Trading!


Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.

Sunday, 4 October 2015

Technical Stock To Watch on 05/10/2015 – LCTH (5092)

LCTH (5092) closed higher on 02/10 during the session ended, supported by MA50 (gold solid line).

LCTH Daily Chart

Besides, LCTH was also well supported by the parallel line and a triangle coupled with the improved volume on that day.

Foresee LCTH could starts its upward trend from 05/10 onward.

Happy Trading!


Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.


Thursday, 1 October 2015

Soybean Oil - 1 Oct 2015




Soybean Oil is looking for a breakout ard 28.10 from the ascending triangle formation based on daily chart. However,if using MACD as indicator to spot the reversal trend it appears that this is not a classical bullish divergence as shown below.
                
  
Weakening of US dollar as all the commodities especially crude oil will help push up the prices higher.

Thus,trade soybean oil cautiously with target profit 30.78 & tight stop loss 27.00 with risk reward 1:2.5


Disclaimer:

All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.