Comments: Tebrau, Plantation stocks, Kretam, MVest

My Data provider is down today so I have not received today's KLSE stock data & so cannot provide charts. However, my comments are:

1) Tebrau - The expected upside due to the SJER announcement by the PM didn't materialise, no doubt a case of buy on rumour, sell on news. However, technically there was no significant change. Support is still at 0.55. Minor resistance has formed at 0.63 - 0.635. Should traders sell above 0.55 or wait? Technically there is nothing to indicate we should sell, there are major no sell signals. Trading is still flat if anything. Volume was surprisingly low. So following TA, its a case of no signals either way, no Sell no Buy.

2) Plantation Stocks continue to see lots of interest. Kulim rose strongly & so did Kretam no doubt due to the Star write-up on underperforming plantation stocks. Kretam has resistance at 0.62 & 0.70. MVest also rose on higher volume. MVest resistance is at 0.50 & 0.565. Should you jump into these shares? Kretam does inhibit better signals with the MACD & RSI positive & the 10,21 & 30 day MAV all positive, even before Monday's rise. But Tuesday may see some mild correction due to the huge rise.

Unfortunately I do not know much about the fundamentals of these stocks. If fundamentals are sound, then perhaps its worth a risk with a tight cutloss BUT I would not be jumping into stocks on the basis of possibilities. And I am not advocating anyone doing this either.