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".

Thursday, October 12, 2006

Stock Updates

Leweko - Still rising with mild corrections intraday. All indicators are positive but MACDH looks like it is at a peak. We still cannot call it 'the' peak so unless there is a fall its still positive. Many other timber/plywood stocks have risen especially the bigger blue chips Ta Ann & WTK, the smaller stocks should follow suit as the industry is fundamentally doing well.


Priceworth - despite the big correction after the large white candle on 6 Oct, indicators are still good for PWorth. In fact the correction may have been overdone & it should rise again soon. Its actually looking very good on the indicators. The low volumes are not a bad sign at this stage.


Cymao - is still holding steady. All signals still +ve. It should resume its rise again soon like other timber stocks.


Hiapteck - looks like it is turning weaker. 0.94 & 0.91 are strong supports & if they break then its going to turn bearish. I would sell at the break below 0.91 which is also the mid BB line. On a weekly basis it is still positive so the intermediate trend is positive but short term there is weakness. Long term holders should not sell yet but short term traders have to watch the 0.91-0.94 support & sell on breach. MACDH & DMI still +ve, MAV are also +ve & prices have not even fallen below the 14-day MAV, so we should not panic just bec prices have been falling. Just watch the support levels.


Sime Engineering. Mild correction but its staying above the 1.51 resistance turned support. All indicators are still positive & strong. Volume could be better. Still a hold as upside is still good.


Utama - is still positive. All indicators still ok. 1.23 is a strong resistance. As long as prices do not break below 1.15 Utama will remain strong & can break out of the resistance. Personally I think this is a good stock hold until the M&A issue is sorted out. It should remain quite steady until then.

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