Stock Updates

All stocks are still looking good, no reversal signals yet anywhere. I am adding a new stock which is looking very positive, Dreamgate. My only concern is that the CI may be peaking. If it suddenly reverses course then all our stocks may see selling pressure, so we have to be careful of that. Otherwise there are no sell signals for any of our stocks.

New Stock - Dreamgate also is starting to look good using DocTS strategy. DMI made +ve crossover & ADX is flat but at 31 is fairly strong on the bullish side. MACDH looking very +ve & about to cross above zero. Prices are above all the MAV & also in the upper BB channel. BB widening positively. We're seeing some healthy correction, breakout may be coming. Target Price is 1.62 & 1.72. BUY.


1) ACPI - all signals still +ve. No change in position from last posting. ADX at 36 is getting stronger & more bullish. Still good to go higher.


2) HiapTeck - some weakness, but still no reversal sign. 0.91 is a strong resistance, needs more than 1 attempt to breakout. Hold.


3) Jotech - still looking very good. Vol also rising slowly, all signals are good, only needs to breakout of the 1.22 strong resistance & we will see it shoot up. Hold.


4) Sime Engineering - we are seeing some weakness but no sell signal. Prices still above 14-day MAV & within upper BB channel, so movement is still up. No DMI or MACDH crossovers but DMI & ADX starting to get flat. These are signs of softness but not of reversals. It could just be a correction of the over bought positions, nothing to worry about but keep an eye for falls below the 14-day MAV or mid-BB line. Otherwise still hold.


5) Utama - similar to Sime, some softness but normal. No reversal signals, DMI & ADX still very positive. Strong support at 1.15. Breakout above 1.23 will be very strong & bullish.