Tuesday, October 19, 2010

WEDNESDAY (20/10/2010) - STEEL AND CEMENT PART DEUX + SESUMPAH

Hi All,

I hope u make some profit from KBUNAI.  Eventhough the price still below as i expected, resistance at 25 sen have been taken today.  My expectation tomorrow KBUNAI inching up another 2-3 sen.  I still interested with steel and cement counter.  Last month all newspapers talking about construction company, but now they whisper building materials.  So, steel and cement become hot and spicy for at least 2 weeks to 1 month.  And as a good "sesumpah", if environment turn green , your "sesumpah" body should change to green.  This is what we call SECTOR ROTATIONAL. So,...

LIONIND

Orientation chart:  Acc/dist spike up,  MACD histogram green, ADI up, momentum up, MACD green, the problem are rsi above 70% line and stochastic above 80% line (overbought).  So u need to be careful. 



LMCMT

This is one of the cement counter show doji at support, acc/dist good, MACD green, stochastic good, rsi pointed upward.  Since the volume low, maybe u need to look tomorrow before u trading LMCMT.   

LIONCOR

I added LIONCOR diamond bottom courtesy of Recognia for u to look, hopefully u get some profit from this chart.  In the chart pattern, diamond bottom will show highly possible for u to make profit.  There are few patterns such as upside breakout, assymetrical triangle, double bottom and so on.  Pls do your study.


In the mean time, i'm also watching DIALOG, KFIMA, SUNRISE and SUNREIT


I hope my effort make u profit. TQ. 

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