Hi All,
I'm bit bz last week and this week. Last week for courses and this week fo sailing. I'm not feeling well now since come back from sailing. This is the first sailing from the last 5 years working at office. Choppy sea and strong wind making big waves and almost 70 of the ship's crew going flat and having bad seasick. Anyway, KLCI rebound today above 20ma and it is time to take a look at few counters. But, before that I bring u .... ta tra tra
First Thing First
PMETAL 12 Feb 2012
PMETAL 17 Feb 2012
PMETAL Today 14 Mac 2012
TGOFF
Chart Orientation
I'm interested with the white long candlestick today, after 2 short candlestick yesterday and day before. Price moving near 20ma, a good place to enter after cross 20 ma. Calculate your risk and reward before enter.
Indicators
From top, 1) acc up
2) momentum up
3) stochastic at 10%
4) MACD histogram green and MACD line near 0.
My View
I saw strong support at 84 sen, and price holding strong from there and it is also do the same on last Feb 2012. All indicators now supporting the bullish condition and ready to move up. When one counter from O & G sector moving up, u can expect the other counters from O & G will do the same pace. Put other counters in your watchlist.
PARAMON
Chart Orientation
Support hold at 1.58 and rebound. Enter after price cross 20ma.
Indicators
From top, 1) acc up
2) momentum up
3) stochastic at 15%
4) MACD histogram green and MACD line below 0.
My View
Price maybe going up or maybe stall. n What u need is to see another white candlestick cross 20ma. Do not greedy, wait for the right moment to enter, u can make the different.
Last But Not List
KLCI rebound today from 20ma. Another try to cross 1597 pt. Maybe this is the one. Let see tomorrow.
Trade Signum screener now under maintenance, unable to search for gap, piercing, cross 200 ma and so on. Need to check with news and compare it with chart from The Edge Malaysia. If can't find any, I consider only 2 for tonite. So, Good nite and...
Happy Trading!!!!
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