I'm not posting yesterday since i have been bz to prepare for meeting this morning. Sorry, so let learn something about Mudajaya chart today. I answer TKK question on 14 Dec 2010 about Mudajaya. Below is the answer I take from the title Intraday Punter - My Friend Investment.
Hi TKK,
I observe Mudajaya, last time my favourite counter. After investigation by Security Commission (SC) few months before, Mudajaya show selling climax now. Rebound from support at 3.74, same level price during 5 august 2010 and resistance line at 14 august 2009. So I consider this 3.74 as resistance turn support. If break lower than 3.74, price will move lower. Above that, u making money. TQ.
December 14, 2010 12:50 AM
This is the Mudajaya chart. I mark the date of 5 Aug and 14 Dec 2010. After 3 days waiting, Mudajaya show some interest from the traders on yesterday (20 Dec 2010) which try to break first resistance at 4.02. On 17 Dec, u see very low volume (the down red arrow) which show very little interest from individuals and big buyer. Yesterday, volume increased to the level 50ma volume, and the white candlestick formed given the price up +14 sen. And today Mudajaya blast to the sky with up + 36 sen (4.39 minus 4.03) with high volume. Now the price look high, for 2 days, price scale 51 sen. (4.39 - 3.88). Everybody will say, "hey this is the down trend counter, why should u enter. Mudajaya need to formed highest low, highest high (HL-HH), lowest low, lowest high (LL-LH) first before u start thinking to enter".
Despite this +51 sen up in 2 days, there is 2 possibilities for Mudajaya. First, the price still going up until it break resistance at 4.62. Second, retrace a bit, forming flag may be 2-3 days and then push up again. My thinking is Mudajaya maybe form the second possibility since to break the strong resistance as marking by 3 purple down arrows, it need to be very strong buying from institutional players supported by herds mentality during up surge. So, let watch closely tomorrow. For TKK, I hope u make a lot of profit this time.
recognia
KIMLUN
If u do comparison between MUDAJAYA & KIMLUN, u will see the equivalent. Let see if KIMLUN can break 1.68 tomorrow.
As i promise, i will cover with LAND.
IJMLAND
IJMLAND in trend channel. Have move up yesterday and today. At the same time, break bollinger band and closing price today at resistance 3.23, waiting to jump on opening tomorrow. Terget price as shown in chart.
UEMLAND-CC
UEMLAND-CC have good volume today. closing at 39 sen with white candle. Resistance at 40 sen. Wait until cross 40 sen before enter. Acc/dist move up, MACD green and stochastic still good. Momentum start to move up. Pls watch mother also.
UEMLAND
walamak bro...sorry to disappoint u but i didn't get into this counter as i shoot all my bullets into gamuda-CI and made around 20% of it...If i go according to your prediction last time, I would have made at least 100% profit! haha~ But there's no "what if" or "if" in stock market. :D
ReplyDeleteThis time i will observe Mudajaya closely. However, you mentioned 2 possibilities and both of them are uptrend. Is it possible that after it retrace a bit and form flags for few days, it starts to go downtrend again?
Thanks! :D
Alamak. Susah nak jawab ni. If i based on the price spread, a lot of interest with high volume today. For me, I like to choose the price to going up to break strong resistance at 4.62 rather than thinking MUDAJAYA going down. Time will tell which way it choose.
ReplyDeletehi ben, what do you think of daya materials now?
ReplyDeleteHi Anonymous,
ReplyDeleteDaya formed gravestone candletick exactly at 20ma. Low vol observed, acc/dist fail to going down, momentum start running up, let see if today daya will going up. TQ.