Talking Stock With The Doc

This Blog has been created for the purpose of sharing my ideas on investing on Bursa Malaysia using Technical Analysis. Stock market investing is a science & TA a scientific tool used by investment professionals. TA also has its sceptics but this is an oportunity for you to follow TA based investing ideas. So welcome to my blog and may you "Live Long And Prosper".

Friday, July 28, 2006

Comments: Eden, Jadi, Polytower, IPower

I am providing these comments on the request of readers. I know some of you have been badly hit hence these comments. Personally, with the exception of Jadi, I will avoid these stocks because they are only speculatives & very risky.

1) Eden - Its too early to tell bec its the first day of correction after the big rise. Support is at 0.55 & 0.52. A fall below 0.52 will be very negative. Resistances at 0.665 and 0.77.

2) Jadi - Its consolidating at the 0.30 - 0.325 levels & just at the 10 & 21 day MA line. Healthy consolidation, low volume. Breakout above 0.325 on higher vol will be positive. Other signals not positive yet.

3) Polytower - no positive signals. It is still consolidating at very low levels. Low vol. Needs to break 0.92 to turn positive.

4) iPower - starting to consolidate at low levels, no volume. No positive signals. Needs to break above 0.95 to turn positive.

Generally for Jadi, Ptower & iPower, there are no buy calls for any of these shares. However, it seems that the major selling may be over & they are consolidating. Jadi is in a slightly better position but still no buy call.

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