Comments:Kulim, Prolexus, Tebrau, Eden

1) Kulim has formed a spinning top with a slight gap above Thursday close. Is this the sign of an inpending top correction? Probably yes as it has run up quite a bit. If Monday price opens below 4.20 & stays that way, then expect a correction & change in trend. Support at 4.06 & 3.90.


2) Prolexus has broken out of the resistance of 0.75 on fairly high volume. The trend is positive & it is above the 10,21 & 30-day MAV. MACD just made a golden cross. It is a trading buy with resistances at 0.88, 1.00 & 1.36. Cutloss is 0.70.


3) Tebrau is still in a consolidation mode, still flat. Support at 0.55 & stronger support at 0.50. A break below 0.50 will be very negative but a bounce back from either support will be a good sign. Volumes have dropped considerably so the selling will probably not be too bad from here on. Daily MACD & RSI are still trending downwards but weekly MACD is still positive. I expect 0.55 to hold up the share & for it to rise again once it breaks out of its descending triangle with a breakout above 0.60.


4) Eden - Is forming a Flag, a bullish pattern. A high vol breakout above 0.60 will be bullish. Next resistance is 0.66, 0.77 & 0.95. Volume has dropped to almost negligible adding further confirmation to the Flag pattern. But a break below 0.50 will be very negative and a definite cut-loss. If you want to trade this stock place a cutloss & make sure you observe the cutloss very strictly. Don't fool around with these type of stocks. However, at 0.53 & above it is a trading buy with extreme caution. Cutloss 0.50.