U make money today with tech sector? If not, watch these counters.
First Thing First
Target price at rm 3. Looking at chart, it maybe possible.
MAS
I put my thought about MAS counter before, the price predicted to going up to 1.95, on blog title AIM FOR DMAX 2012. Let see the chart.
6 Jan 2012
26 Jan 2012 (today)
Since i can't draw a horizontal line as a resistance, the only one i see is at 1.95.
AEM
AEM is one of the technology counters. I have trading this counter before, now AEM provide good spot to make some money. Let see.
Chart Orientation
AEM show symmetrical triangle pattern, on top of that, Bollinger Band squeeze. And one important feature is a gap formed today. Shooting star candlestick after a gap is normal occasion where u can see almost everyday. Cut loss at 29.5 sen,enter price at 34 sen, target price at 36 sen and 47.5 sen.
Indicators
From top, 1) acc flat
2) momentum up
3) stochastic at 19%
4) MACD histogram green and MACD above 0 line.
My View
This counter show symmetrical triangle, bollinger band squeeze, a gap, stoch at low level, MACD histogram green and MACD above 0 line, momentum up. With many indicators supporting it, u can't ask for more.
LONBISC
Everybody like biscuits especially kids. Price fall to lowest in Oct 2011 in which the same level on Mac 2009. So price now still i consider low. Look at the chart
Chart Orientation
Long white candlestick break BB at 75 sen today. It is strong indication price will follow through tomorrow. Cut loss at 67.5 sen, entering price at 80 sen, projection target price at 88 sen, 99.5 sen and rm 1.02.
Indicators
From top, 1) acc up
2) momentum up
3) stochastic at 52%
4) MACD histogram green and MACD near 0 line.
My View
Not much to say, price still low, long white candlestick and high volume tell all.
Another counter to Watch:
MEGB, KEURO, AZRB, IJM this morning (27/1/2012)
Happy Trading!!!
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