Technical Stock To Watch on 10/8/15 :- POHUAT (7088) & HEVEA (5095)

POHUAT (7088)

POHUAT (7088) making new high today (7/8/15) closing @ RM2.94 with high volume (1 good bar with 1 good volume) as this company announced multiple proposals, i.e:

1. a share split involving the subdivision of every one (1) existing ordinary share of RM1.00 each in POHUAT into two (2) ordinary shares of RM0.50 each in POHUAT ("POHUAT Share(s)" or "Share(s)") held on an entitlement date to be determined later ("Proposed Share Split");
2. a bonus issue of up to 56,693,552 new warrants in POHUAT ("Warrant(s)") on the basis of one (1) free Warrant for every four (4) POHUAT Shares held on the same entitlement date as the Proposed Share Split to be determined later ("Proposed Bonus Issue of Warrants"); and
3. amendments to the Memorandum and Articles of Association of POHUAT ("Proposed Amendments").

POHUAT Daily Chart

One can consider buy on 10/8/2015 @ any price above RM2.83 as the proposals from the company can be the catalyst for this stock to continue rally in recent bearish local market.

HEVEA (5095)

HEVEA (5095) was well supported by MA50 (blue solid line) after a big drops since market opened @ RM0.995 but closed higher @ RM1.00 on 7/8/2015, hence a hammer was formed during market closing. In addition, the gap formed after the share splits on 21/7/2015 being closed in today trading activity. 

The hammer formed after a downtrend indicated a rebound of trend might takes place next week. 

Hammer Candlestick

Hevea Daily Chart

Please refer to the link: http://fatta888.blogspot.com/2015/07/heveaboard-berhad-malaysias-first-jis.html to know further the fundamental for this stock. Hevea is also one of the value growth investing counter we are looking at.

Thank you and happy trading!

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