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Wednesday, August 18, 2010

Rubber : Worth a look or rubberished?

1. TopGlove : At 6.19. RSI 38.0. wait



2. Supermax : At 5.51. RSI at 31.4. The last time RSI below 30 was in Feb 2009. Wow. So, technically it is a BUY when RSI below 25? Let us see the chart above.

Technically ; BEARISH. MACD lines going below zero-level to show change of trend - donwtrending now. Broken strong horizontal support at 5.63, the next strong support I could see is at 5.31, another 20cents DOWN is a strong BUY.

p/s : I cleared MAS and Hai-O today to get ready for Supermax. Might even clear my small amount of Gamuda tmr to get ready ... shoot at 5.30!! Dare to be contrarian?

3. Hartalega : At 7.96.RSI 44.4

4. Kossan : At 3.68. RSI 36.4

5. Latexx : At 3.42. RSI 37.2

6. Adventa : At 2.68. RSI 24.1

7. Rubberex : At 0.98. RSI 36.2

TEH

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