WEDNESDAY (15/12/2010) - ALAM CUT LOSS PRACTICE

Hi All,

Yesterday i posted ALAM for the test, bearing in mind about selling climax and the need to rebound to limit the selling pressure.  But today look different.  Why i said different?? For the counter just rebound from selling climax, a big gap (between (yesterday closed) 93.5 sen - 98.5 sen (today opening) in which 5 sen that i consider big gap for below rm 1 counter) happen is something unusual when considering Vastalux problem drag ALAM to the abyss.  So, let see today EOD chart.

MACD still below 0, RSI crossing 30% line  but stochastic almost cross 20% line.  If tomorrow cross resistance at 20ma at 1.06, high chances it will going up again. So enter price at 1.07.  At the same time, u need to observed carefully becoz ALAM still in downtrend, the rebound may be DEAD CAT BOUNCED.  Remember yesterday, small profit better than breakeven. 

KUCHAI

Last nite, another beautiful friend of mind asked me about counter to trade.  I said watch Kuchai.  She tell me where to look at Kuchai.  The answer is look at the price. Price cross 20ma resistance yesterday.  Today sure will going up, i tell her.  Actually I'm not only look at the price cross 20ma resistance, but stochastic, acc/dist, rsi, momentum & volume.  In case of ALAM, PLS LOOK TOMORROW IF PRICE CROSS 20MA.  Make a comparison of 2 counters.  Watch here...

Until then, i play bowling first to release my tention about TRC.  After good volume on last friday, yesterday and today no volume at all. So, let release the anger & hit the 10 pins.  Tonite i continue again. Bye bye bye.....

Hi,

I just came back from bowling alley with 2 frames throwing totally 233 point. Not bad for twice a year competition with the newspapers guys. 

ANNJOO

I cover this steel counter a few days ago.  Today break ascending triangle and very near to Bollinger Band breakout.  If tomorrow price touch 3.02 with high volume,  1. price has break resistance at 3.01, 2.  price also break bollinger band squeeze.  Eventhough stochastic have touch 80% line, rsi still have room for more push upside.  Next target should close gap at 3.12-3.14.  If not, u know what to do.   

DAYA

I like Daya, today price cross 20ma resistance.  Next strong target at 27 sen. Break above 27 sen mean more profit.   Watch also PCHEM, maybe have some connection.



CEPAT

U need some money??? Or profit??? Be quick. Watch Cepat tomorrow.  No requirement for me to add some comment, look at the projection price.



At 12.53 am, DJIA up +68 point.  Make sure u make profit this time until friday for Christmas shopping celebration.  Plantation counters moved up lso today, so...good luck.

By the way, I receive more than 15 person interested with my class.  But i can accomodate only 10.  TQ for your support. I'm preparing all the information u need to be at par with me after my training.  TQ.