Wednesday, October 13, 2010

THURSDAY (14/10/2010) - LAST DAY BEFORE BUDGET 2010 ANNOUNCEMENT

Salam Sejahtera & Good Evening,

Today i managed to take small profit on PLUS.  In fact, my target first price at 4.60 and still 14 sen to go.  Next target would be 4.84.  For tomorrow, let focus on the real counters that will benefit from the PM budget announcement.

GAMUDA

Today waiting Bollinger Band breakout in which the price will cross 3.98 tomorrow with high volume.  Acc/dist, rsi, stochastic move in the same direction upward, MACD green and price rebound  fro 20ma support.  Not much to say since i have voices out this counter for the last 2 months, with FA strong and TA speak up from the chart, the best u can do is...... i leave it to your judgement.


MMCCORP

MMCCORP rebound from support 20ma.  Volume very high, rsi and stochastic good, acc/dist just standby to take off.  if GAMUDA still move up yesterday, i think MMCCORP will be following. 


MRCB

This is straight forward, government award 3000 acres land in Sg Buloh to be develop by MRCB.  On top of that, there is rumours that MRT project will also involed land belong to MRCB.  So, pls check the chart.


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