Stock Updates

The following stocks are still well supported by the DocTS trading indicators & the uptrend is still intact: Sime Engineering, Utama, ACPI & Dreamgate

1) RHB has strong support at 1.32. A break below 1.28 (the midBB line) will change the trend to bearish, so that has to be watched carefully. But for now it is still ok.


2) HiapTeck - very bullish. Broke out of the 0.91 resistance on strong volume. MACD, DMI, ADX & BB are all looking strong. Buy on corrections as next targets are 1.00 (strong resistance), 1.20 & 1.36. Indicators are strong & the bullish trend should be well supported. Any correction is a buying opportunity.


Jotech - has taken a turn for the worse. It has fallen below the 7 & 14 day MAV & importantly also below the mid-BB line. MACD is also showing signs of weakness but that is a slower indicator as is the DMI. Candlesticks also show a negative trend. If tomorrow (Wed) it does not pick up & rise above the midBB line then I would sell this stock as the bullish trend would have reversed. Keep a very close eye on this stock.