QL : Breaking the resistance RM5.89 soon. A huge volume seen on Thu. A nice entry should be at RM5.59 when it touched MA50d. Wait for it to retraces in these few days or wait for breakout for entry. This is one of the best performing good fundamental stock.
QSR : Since the news of bidders out, QSR has been on of a 'hot' stock but as JCorp refuses to let go of her ... down, down , down ... and yes, this could be a good time to start to collect her again. Now at RM5.06, touched RM4.96 to formed a black-hammer, at support. RSI at 31, another huge black-candlestick and queueing at RM4.86 will be a good entry point. Good luck.
SPSetia : This is a weekly chart. A very strong uptrending stock and I do believe it could continue to go higher. Ride on it ... it has broken RM6.00
Supermax : Back to RM4, RSI at 32. This was a good call for my friend, SC when I asked her to average down her RM5 losing Supermax at RM4 and then asked her to sell at RM4.80. Luckily she listened. At times, we could only advise base on what we could see or know but there is no guarantee or certainty. I still believe that I do not want to advise her(or anyone?) to buy/sell whatever counter(s). It is too much of risk to take. We could even lose the friendship if they lose the trade and start to blame on you.
Majority of those in markets DO NOT have knowledge on how markets or stocks move. So, it is RISKY to answer them. Even giving a simple opinion, we need to be very careful. Supermax buy at RM4, sell at RM4.80 was a very good trade that I could remember for years to come as it involved my good old friend, SC. Since then, she asked me many times about her counters and as I realised she knows NOTHING about markets(FA or TA) but merely punting like many aunties/uncles, I kept quiet and wish her luck.
Supermax at RM4 now is not a buy, in my opinion. Perhaps, look at RM3.80 level for first level? I prefer an uptrending and theme-play at the moment. I have chosen TopGlove(for my aunt who can buy-n-hold) for a glove counter.
TanChong : Support at RM5.02, RSI at 44, a value buy at the moment. The surge from RM1+ to the high of RM6 is due to speculation and so-called valuation of Segambut-land. After the hype is over, it is at RM5 now. Many are still bullish in auto-sector and she might be awaken again in 2011.
Tenaga : Recently bonus 1 for 4. The chart needs to be adjusted. I like Tenaga at current level as the election is near and could be used to push the index higher. Also they should register some forex gain(MYR is strong vs USD) but the coal prices are in a high level too. This sleeping giant is lagging behind many and
TopGlove : Trading at strong horizontal support at RM4.97, with RSI 31. The above is the weekly chart showing a huge waterfalling in this no 1 glove-maker. I will continue to collect her for mid to long term investment. And I m placing RM4.50 for next collection level. Be patient.
WCT : At 3.19, huge selling volumes and breakout failed. It is reversing now and looking at 3.15 and back to RM3 for support. Those who bought at RM3 and sold at RM3.30 has profitted 10% TWICE. So, shall we wait for RM3 again? RSI at 54.