Stock Updates

ACPI - is turning -ve. MACDH is flat & may be turning down, price is below 7 & 14 day MAV & the 7-day has crossed below the 14-day MAV. It may still hold up but cautious traders may sell out & move to other stocks. This stock is definitely turning weaker.


Dreamgate - generally still positive although ADX is starting to flatten. We may see some sideways movement for a few days. So we have to keep an eye on this counter for its next signals. Other signals are still positive.


Hiapteck - has hit strong resistance at 1.00. It will probably see a minor correction next couple of days before attempting to climb again. Other signals all still bullish though we will probably see it fall back into the BB channel before making another attempt to cross 1.00.


Jotech - has started a bearish phase. All signals turning bearish. MACDH is turning down, DMI moving to a -ve cross & prices have fallen below the 7 & 14 day MAV as well as the midBB line. It is currently being supported by the 30-day MAV. Also the 7-day MAV has made a -ve cross of the 14-day MAV another bearish signal. This shows that Jotech has turned very bearish. The 30-day may hold, but unless it can cross above the mid-BB line, the bearish move will be extended. SELL.


Sime Engineering - Looking good & bullish. All signals very positive.

Utama - Still looking strong but 1.23 is a massive resistance. Any break above this will be very bullish. All signals looking very positive.