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, October 13, 2006

Stock Updates - All Positive on the Bursa front

All my stock picks are doing well & should all rise Friday & this coming week. The only one that didn't do as expected is Cymao but as all indicators are still +ve I believe it will also come good.

Cymao is the only stock that didn't do well Thurs with a 4 sen fall. Despite that it is still above the 7-day MAV & all other indicators are still positive. This is just a temporary blip, I expect it to continue rising again after this.


Hiapteck - after 3 days of correction Thurs saw a bullish engulfing candle. Nice formation & all other indicators are still +ve. Needs to break 1.00 to continue its bullish moves. I expect it will do so today.


Leweko is looking very nice indeed. All signs +ve so it should continue its rise.


Permaju also looking good. Indicators all +ve. Resistance is 0.50 & a break above this will be very bullish. Nice stock to buy now.


Priceworth is moving up again as expected after 2 days of correction. It should continue rising strongly as all indicators are looking good. Vol also picked up Thurs.


Sime Engineering undergoing short minor correction but all indicators still +ve. Will resume up moves after minor correction. No change to charts.

Utama broke out of the resistance at 1.23 on higher vol. As expected the stock is showing strong momentum. All indicators are +ve. Next resistance is 1.37 but it must hold above 1.23 for the next 2 sessions, then I am confident 1.37 will be reached. Nice solid stock. BTW RHB is also +ve.

1 Comments:

At 4:44 am, Blogger Boon said...

You have not updated your blog for quite some time. How are you doing?

 

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