TUESDAY (23/11/2010) - SUSPENDED COUNTERS DOESN'T MEAN U MAKE MONEY

Hi All,

I can say both (lucky and unlucky) for the suspension of SUNRISE, KFC and LHH counters recently.   In case of SUNRISE, I make some money.  I'm very eager when entering LHH but have to sell when the news not so good in which i got break even (but still loss commission money).  KFC, lucky day -  I buy on friday morning (4.113) during opening, suspended at 9.30 when the price up to 4.25 (+28 sen) and paper profit at rm 687.  It seem I'm unlucky now when KFC drop - 25 sen during closing.  I buy KFC when i see the chart so good before opening on friday, there was potentially the price will tick up +10 sen higher, so without delay i just buy and suddenly it spike up to 28 sen, and 9.30 am got suspended without any news. I still happy at closing  when i got +14 sen to play on monday but the taking over news not so good.  Tan Sri Halim Saad want to buy QSR at cheaper rate (rm 5.60) compare to the current price rm 5.76.  And of course i'm not surprised today when suspension lifted at 2.30 pm coz, I know the price will drop but don't know how much it will drop.   

Fast forward, lesson learn from this take over, if the offering price below the current price,  for sure the price will drop after suspension.  So, i give warning to CN forum during lunch hour, take care. And I hope everybody will notice it.  

As usual, life must goes on whether u loose or win.  So, for tomorrow,  I have few counters that worth to look at.

COASTAL

There is good news on Coastal Contract on the Edge Malaysia today.  I watch gap during opening.  Long time playing trend trading (sideways).  Stochastic, MACD green, momentum, RSI, volume, good.  Next resistance to watch is 2.42 to breakout sideways.  I suggest u can enter after price hit 2.43.  Next resistance at 2.59.  Stop loss should be 2.21.

BORNOIL

Acc/dist surge up, momentum very good, MACD green, RSI up, stochastic good, volume high.  Watch resistance at 22 sen, target price at 24.5 sen. Stop loss at 18 sen.  Calculate your risk/reward.

KUCHAI

I observed Kuchai lately, waiting to enter when chances arrive.  Today, i see possibility to enter tomorrow.  My advice is to enter when price hit 1.68.  Stop loss at 1.36.  Acc/dist, RSI, stochastic up, MACD green. My projected target 2.2. 

MSPORT

Strong resistance at 52 sen.  Acc/dist, stochastic, RSI up, MACD green, volume high.  Target price 54.5 sen. Calculate your risk/reward.

P/S:  I'm sorry for not updating this blog yesterday.  I just come back from kuching on friday nite, saturday joined big bike convoy from KL,  sponsored by Welly Advance Bikers, Batu Caves to Pasir Panjang, Port Dickson then feel very tired.  On Sunday, I just sleep and take rest.  Riding with speed 150-160 km/hour really consume a lot of my energy & strength to reach destination safely.  TQ.