PCHEM my waterfall watch list

PCHEM rebounce from support 6.82 and close at 6.85.  6.82 is a strong support.  It formed inverted hammer on 29 July, could be sideway or up (require next trading day to confirm).  RSI level is low 17.7.  Please closely monitor this stock.  Entry price: 6.97.  TP: 7.06, 7.20.
I will monitor PCHEM-CE as well.  It is oversell recently as mother share price dive.
Exerciseprice: 6.8
ratio: 8:1
Ex-date:20/3/2012
Current PCHEM-CE price 0.09.  Do collect more at cheaper price as mother share having high potential to rebounce from technical analysis perspective:)

MHB waterfall

RSI below 30, indicate oversell.  MACD 4R1G, could it be signal of rebounce?  Volume distribution show high buy force.  Entry price:7.80, TP: 8.0, 8.15
MHB-CE: I prefer collect it rather than mother share :)
Exercise price: 5.8
Convert ratio: 10:1
Ex-date: 10/2/2012
Fair price: (7.65-5.8)/10= 0.185
If mother share rebounce,do collect more on the call warrant.

Stock to watch 25 July: WTK

Sorry, I have no time to update.  I keep it short, entry price: 1.94

AirAsia-ANA tie-up Finally

Airasia next resistance at 3.85 and support 3.67.  Candlestick form hanging man,  potential sideway (fluctuate 3.67-3.85) next week.  Take profit accordingly if hit 3.83.

Stock to watch 21 July: Uemland

4:25pm Airasia: It break resistance 3.67.  Buy more.
11:14am WCT: It start moving, at 3.09.  Support at 3.07, resistance 3.13.Worth to watch.
10:13am ASUPREM: It start moving, at 0.22.  Support at 0.205, resistance 0.225. Fishing at 0.21
Uemland: Bottom fishing at support 2.47.  RSI 11%, oversold.

Uemland-CE: Issued at 0.50 and expire at 20 Jan 2012. Exercise price at 2.55 and ratio 4:1. It is toilet paper now, haha... it still have half year to expire, want take risk to buy?

X

Trading Strategy

This is good trading strategy found in youtube.  It is very useful in maximizing profit in uptrend, downtrend and sideway market.  Enjoy!

 

 X

MRCB poised for re-rating: HwangDBS

Malaysian Resources Corp Bhd (MRCB) is poised for a re-rating with more sustainable earnings delivery and visible share price catalysts.

HwangDBS Vickers Research, in a note today, said with the coming general election, it was also an ideal proxy, as a government-linked company contractor and developer.

"Our RM700 million to RM800 million per annum new order assumptions for financial years 2011 to 2012 seem conservative, given MRCB's healthy pipeline of jobs.

"We expect MRCB to capitalise on its role as project delivery partner for the River of Life project, with phase one, worth RM3.3 billion with some visibility on contract awards by year-end," it said.

HwangDBS has nudged up MRCB's target price to RM3,25, after imputing higher earnings and rolling over valuation base to 2012. -- Bernama

Mitrajaya up on freshwater lab job

KUALA LUMPUR: MITRAJAYA HOLDINGS BHD [] shares advanced in early trade on Wednesday, July 20 after it secured a RM13.51 million contract to build a freshwater laboratory complex at Tasik Chini in Pekan, Pahang.
At 9.05am, Mitrajaya added two sen to 60.5 sen with 437,900 shares traded.
Its unit Pembinaan Mitrajaya Sdn Bhd accepted the letter of acceptance of contract from the East Coast Economic Region Development Council to build phase one of the laboratory.

Asia market rise as global market rebounce

WELLINGTON: Asian stocks are set for healthy gains on Wednesday, as easing debt fears, solid data, and earnings above expectations helped global markets gain.
The main Wall Street indices turned in a strong performance with the Dow and S&P 500 both gaining 1.6 percent while the Nasdaq rose 2.2 percent.
The latter's gains were made in part on anticipation of Apple's results due after the bell.
The maker of iPhones and iPads reported quarterly revenue well above analysts' estimates, adding to reports from International Business Machines Corp and Coca-Cola
The market got a boost late from comments by President Barack Obama that progress was being made towards a debt reduction deal.
Adding to the positive mood housing starts hit a six-month high in June, sending the PHLX Housing Index up 3 percent.
Asian stocks listed on Wall Street rose 1.2 percent while world stocks, as measured by the MSCI world equity index, gained 1.38 percent.
British shares added 0.7 percent while European shares were up 0.8 percent as the beaten-down banks regained some ground on easing debt worries and commodity stocks rose on higher prices.
The euro pushed higher against the U.S. dollar as investors cast an eye to a euro zone summit later this week, where it's hoped leaders will approve a second bailout for Greece worth 110 billion euros.
Japanese markets, which fell below its 200 day moving average support level on Tuesday, are set for a firm open with Nikkei futures traded in Chicago 120 points above the last closing level in Osaka.
Australian stocks are also set to gain helped by strong gold and metals prices, with share price index futures up 1.1 percent to be 21.85 points above the close of the underlying S&P/ASX 200 index. – Reuters

Will Mitra rebounce ?

From candlestick, Mitra form Piercing Line. It is reversal signal.  The reliability is low because the gap down occurs below support (0.58).  however, it is worth to monitor tomorrow.  To be uptrend, it need to support by high volume.
Entry price: Close above 0.60
take profit: 0.62, 0.64,0.67
cut loss:0.58

Stock to sell 20 July: Airasia

I always believe this trading rule: Buy on rumor sell on news. Take profit at 3.58

OSK Upgrades Fair Value Of Airasia To RM4.34

KUALA LUMPUR, July 19 (Bernama) -- OSK Research Sdn Bhd has upgraded its fair value on AirAsia Bhd to RM4.34 from RM3.89 while maintaining its 'buy' call.

In a research note Tuesday, OSK said AirAsia's revenue passenger kilometres (RPK) and passenger carriage for first half of financial year 2011 (1HFY11) remained consistently strong, growing by 16 per cent and 23.2 per cent year-to-date.

"Considering that 1H is typically the weaker half of the year, AirAsia's numbers nevertheless remained consistently strong despite the fuel surcharge having taking full effect in May," it said.

It said AirAsia's second quarter earnings were expected to rise further quarter-on-quarter on the back of improving yields due to the fuel surcharge, loan factor and RPK.

-- BERNAMA

KLCI dive down

Share prices on bursa Malaysia closed lower at market close today as the FBMKLCI bore the brunt of investor pessimism and external headwinds.
At 5pm, the FBM KLCI was down 14.67 points to 1,562.58, with 159 gainers, 646 losers and 268 counters traded unchanged. Turnover was 753.77 million shares valued at RM1.383bil.
In the region, all benchmark indices were lower at market close. Hong Kong's Hang Seng Index lost 70.63 points to 21,804.75, Shanghai's Composite Index 3.48 points to 2,816.69, Seoul's Kospi Index 14.72 points to 2,130.48, and Singapore's Straits Times Index 5.29 points to 3,078.95.
The red lines in the chart below is the support for KLCI whereas blue line is the resistance.  The KLCI is under correction after a series of bullish. 

Will Airasia continue uptrend?

AirAsia Bhd, Southeast Asia’s biggest budget carrier, carried 19.6 per cent more passengers in June compared to a year earlier, according to an e-mailed statement today.

Its load factor rose to 80 per cent in June from 79 per cent last year, it said. In Malaysia, passenger trafic climbed 11.1 percent, 33.4 per cent in Thailand and 39.6 per cent in Indonesia, it said. The group carried 20.9 per cent more passengers in the second quarter of 2011, according to the statement. -- Bloomberg

Read more: AirAsia flies 19.6pc more passengers in June http://www.btimes.com.my/Current_News/BTIMES/articles/20110718154343/Article/index_html#ixzz1STC1fx4E

All Bank Sector down and they are waiting for the Debt Ceiling at USA,could this factor dragging Airasia to continue uptrend? Today, ADX, MACD, RSI, STO signal showing bearish :(
Airasia form a lower high but its closing price still above 20dMA, worth to hold for another round of bullish.

MRCB most likely sideway trading

From the indicators, MRCB most likely will in sideway trading mode this week, the price ranging from 2.22-2.28.  The 20dMA (brown line) is a strong support for MRCB.  As long as it doesn't close below 20dMA, it still have potential to become uptrend.

NASDAQ- Altera Corp rebounce from support?

Altera Corp is a semiconductor company.  Would semiconductor industry outperform in the second half of year 2011?  Last friday, candlestick form hammer, it could be sign of reversal.  ADX showing weak momentum of bullish.  MACD bearish as it cross below zero from above. RSI touching 50%, weak bull.  STO indicate bearish.
Support : $41.5, $39.73
Resistance: $44.42, $45.75, $48.42

TRC sideway again?

Inverted hammer formed last friday most likely will lead the TRC to continue sideway next week, price fluctuating around 0.68-0.755.
Entry price: 0.76
Take profit: 0.815, 0.855
Cut loss: 0.71

Analyze on XDL Fundamental performance

XDL trade at PE (1.765).   
How investor pick stock base on PE? 
For instance, stock A and stock B are in the same business field, both financial fundamental look similar, stock A trade at PE=10 whereas stock B trade at PE=15.  Obviously, investor  preferable to pick stock A as it is consider relatively cheap.
How we can determine a company is well managed? 
For a well managed company, its annual ROE is ~25% and ROA is ~15%.  In this case, XDL annual ROE=34.03% and ROA= 24.37%. 
Annual ROE=Annual profit / (Asset-Liabilities) ;
Annual ROA= Annual profit/ Asset;
How we know a company is holding enough cash?
A strong fundamental company current ratio should be less than 5.  In this case, XDL current ratio is ~1 and it is consider good.
How earning per share(EPS) affect the stock price?
PE=Current stock price/ EPS;
Assume the XDL PE is trade at 1.765.  Year 2010 EPS=0.1983.
Current stock price= 1.765 x 0.1983 = 0.35.
If Year 2011 projected EPS is 0.25, stock fair price= 0.44.
2011 Q1 EPS=0.0431, XDL need to work hard in Q2,Q3,Q4 to gain 0.2069 to make annual EPS=0.25. 
Would XDL archive it? 
Please leave some comment if you have any insider news about XDL or anything about XDL.

WCT rebounce from support 3.08 (Stock to watch on 18 July)

Entry price: RM3.17
ADX: Bullish momentum weak
MACD: 4R1G, bull almost kissing with bear from below (Bullish)
RSI and STO start to rebounce, bullish.

Kurasia hit our take profit price

Kurasia high 0.57.  Our take profit price at  RM0.56
Sold off half at 0.56 to secure the profit.  Next take profit price at 0.58 and 0.60.  New cut loss at 0.50.  If you would like to maximize the profit from this counter, you may use Trail Stop Loss Method

AirAsia-ANA tie-up likely

How you can make huge profit in Airasia?  Maximize profit using trail stop loss technique

PETALING JAYA: AirAsia is likely to have a joint venture with Japan's largest carrier - All Nippon Airways (ANA) - to set up a low cost airline likely to be called AirAsia Japan.
An announcement on the collaboration is expected to be made next week and it would involve the setting up of a low cost carrier (LCC) and a hub in Japan by AirAsia. The LCC will serve the domestic market and eventually regional markets, sources say.
Like its other joint ventures in Indonesia, Thailand, the Philippines and Vietnam, AirAsia will partner ANA, which may lead in equity share holding but operationally, the Malaysian carrier will be in the driver's seat.
Whether this JV will involve ANA's recently launched low cost unit, Peach Aviation, is not clear.

Peach, which is said to have received its Air Operators' Certificate from the country's Civil Aviation Bureau is owned by ANA in partnership with Hong Kong's First Eastern Investment Group and Japan's Innovative Network. All three parties own a 33.3% each in Peach.
Peach is supposed to operate in March next year from Kansai International Airport and AirAsia Japan probably will operate from either Tokyo or even Fukukoa.
There are plenty of choices for AirAsia to operate from including Fukukoa Osaka, Sapporo, Haneda and even Kansai.
Narita Airport, based in Tokyo, is the busiest airport in Japan and last year it said it would open a terminal exclusively for low-cost airlines in a bid to grab a larger slice of the increasingly competitive Asian tourism market.
For AirAsia which is still in expansion mode, the JV bodes well in terms of reach and connectivity. Even though AirAsia's sister airline, AirAsia X flies to Tokyo via Haneda, a hub gives the airline exposure to a new market, traffic and connectivity that enlarges its route network.
This venture will eventually translate to additional revenues for AirAsia in the longer term.
AirAsia joint venture in the Philippines is set to take off in October this year from Clark. Both ThaiAirAsia and IndoAirAsia have grown in size to become candidates for initial public offerings.
ANA is the eighth largest airline in the world by revenues and the largest in Japan by passenger numbers. Founded in 1952, it flies to 76 domestic and international cities in a fleet of 228 aircraft serving a network of 164 routes.
ANA has 33,000 employees and operates more than 1,000 flights a day. In 2009, it carried 44 million passengers.
ANA has been a core member of Star Alliance since 1999. It has a 47% share in Japan's domestic passenger services market.
ANA's rival is Japan Airlines (JAL) which is also in talks with Qantas to set up its own low cost airline. JAL is a member of oneworld and ANA has a code share arrangement with Malaysia Airlines.
ANA will also be launching the world's newest and most advanced passenger aircraft - the Boeing 787 Dreamliner this year.

Boring with MRCB

ADX signal shows MRCB will go sideway.  MACD undetermine, waiting for 4R1G.  RSI and STO bearish, if broke below 50%, it is not good.  Cut loss at 2.24

Kurasia sideway

Kurasia reach its 20dMA support, will it further dive down or rebounce? ADX, MACD, RSI and STO show bearish signal.Volume distribution show strong buy force by small fish (not a very strong bullish sign).  Remember to cut loss if drop to 0.48

Can we fly again with Airasia?

I believe Airasia can fly,do you? All signal are intact except volume distribution show high selling pressure.  perhaps it is intraday profit taking.  Hold airasia and let ride the bull togather.

Efficen bullish again?

We have bought this counter as it hit our entry price at 0.24. Candlestick form white hammer and rebounce from 20dMA, bullish sign. ADX shows bullish start to pick up its momentum. MACD, 4R1G,bullish sign. RSI rebounce from 50%, bullish. STO, bullish kiss with bearish with K line slightly above 50%, bullish.  volume distribution shows high sell pressure, bearish.  Conclusion, 5 bulls 1 bear.

Kinstel near cut loss

Please closely monitor Kinstel tomorrow.  Cut loss if drop below 0.70. All indicators are bearish signal, not a good sign.  Volume distribution also bearish.

14 July stock to watch

KULIM, 2 white candles after double doji, indicating bullish signal.  ADX is flat indicate that price correction is happening.  MACD waiting for bull to cross bear from below, undetermine now.  RSI and STO showing bullish signal.  Volume distribution showing great buy force, bullish!

Entry price: 3.61
Take profit: 3.66,3.83
Cut loss: 3.53

WCT sideway or break out or breakdown?

WCT form doji today, meaning need next trading day for confirmation whether it is up or down.  it form doji close at support level, perhaps it'll gain it momentum and shoot up tomorrow.  ADX signal cross 20 from below indicating new trend is forming. RSI showing bullish signal while MACD and STO show bearish.  From volume distribution, it is obvious that selling pressure from big shark is high especially near trading session close today.
We remain our support at 3.08 and cut loss at 3.06.

TRC downtrend or sideway?

Technically, TRC is not a good buy now.  All indicators are showing bearish signal.  Its support at 0.68, if break below, it will further dive down.  Be careful.

Anyone lock the Airasia today?

Airasia hit our entry price today.  Anyone manage to buy it?  It is closing at our entry price, let's hope airasia fly high!  Everyone can fly!

Technically, Airasia is nice.  As you can see, the white candle today is supported with high volume (Bullish).  Furthermore, the ADX start to cross above 40 indicating the uptrend momentum become stronger.  MACD look good today, 4R1G indicating bullish.  Both RSI and STO signal look good (bullish).  Please sell half when the price hit RM3.65, and the balance aim for RM3.84.  Airasia support is at 3.50 and our cut loss is at 3.42 (2 pips below previous higher low closing).

Global Market News

Today at 10.30am Malaysian Time
China will announce their 2Q GDP..

If meet expectation, Asian Stock will rise
If does not meet, another glory win for the Bears with extra punch..

So stay tune for 10.30am forecast

http://www.dailyfx.com/calendar (LIVE)

FBMKLCI Slump, Who Chase Away Bull?

Who chased away bull?  KLCI index 11 July (Monday) dropped 6.56 points or 0.41 percent, today it dropped another 9.59 points and close at 1578.1.  Within two days, it drop 16.15 points....Wow look scary...Some of my stock maniac friends sold off the outstanding shares just to convert into cash as they are afraid of another round of bearish is coming.  How true it is? Let's find out togather.

World stocks slump on renewed EU debt concerns.  Most of the investors concern that the eurozone's debt crisis could infect Italy and Spain and subsequently it sent global stocks spiraling downward recently while markets were still reeling from last week's dismal jobs report in the U.S.  As the market tensions grew, eurozone officials were meeting Monday to figure out how to get banks to participate in the next rescue of Greece. Those negotiations have been plagued by threats from ratings agencies that they would consider a bank rollover of Greek debt a default.  To be on the save side, the big players are cash out from the stock market and invest in gold.  This is the reason gold price rose sharply to $1549.2 per ounce.

When markets are at their bottom, they don't listen to bad news. But because our KLCI index is at the top end, they listen.  Besides, markets don't like when they don't know what's going on.  Dilemma in Europe recently causing world share market to slump is a very obvious example.

 

Let's us investigate what actually happen to our KLCI, who cause it to crunch?  As we all know, the sellers and buyers are constitute of local retailers, local institutions and foreign investors.  The big players in KLSE are local institutions and foreign investors, whereas we're small player in local retailers category.  We've no choice but to follow the big players trend.

Let me have some explanations on the KLSE cumulative chart shown above.  The Y-axis: Negative value mean net sell whereas positive value mean net buy.  As you can observe from the chart, the foreign investor net buy increase tremendously from 3rd-8th July, this explain why KLCI rose vigorously and hit historical high.  Our local institution (EPF?) start to sell off silently and make profit from it.  On the 11th July, the net buy from foreign investor reduced indicating new downtrend begin.  The downtrend is continue on 12 July.  This is good indicator to trace the big player footprint so that we're aware of what is happening in the share market and cash out accordingly to save our hard earn money.
Please visit me again as I'll update from time to time.  Bookmark this http://xtrader188.blogspot.com/ for easy access.  Hope you find my info useful!

*Special thanks to Jessprince for sharing the KLSE Trade cumulative chart :)

MAS down trend again

MAS today close below previous higher low (1.50) ==Bearish
ADX: Bullish momentum slow down and kiss with bearish ==Bearish
MACD: Bearish almost kissing with bullish (waiting for 4R1G) ==undetermine
RSI: Above 50% ==Bullish
Sto: Bearish cross over bullish with signal line broke below 50% ==Bearish
Conclusion: 1 Bull 3 Bear.  Bear win.

Kinstel retrace

Kinstel high selling pressure today.  It break support 0.755,next level support at 0.715.  Please hold as it still above our cut loss at 0.70 and it has chance to re-bounce.

Airasia high selling pressure

We maintain entry price @ RM3.52

How to Trail a Stop Loss and Maximize the profit

Have you ever come across the situation where after selling a stock, the stock price continue to going up and  you certainly regret to selling off too early.  I believe most of the stock traders do experience the same situation and the question is how many of them learn from the mistake.  Well, I found this clip very useful which is about how to trail a stop loss and this certainly will help to maximize your profit.  Enjoy!

UOB Kay Hian FV for MRCB at RM3.02

11 July (1st half trading session)

Open: RM2.32

Close: RM2.31

Volume: 8,470 lots

Sell pressure higher than buy force

KUALA LUMPUR:  UOB Kay Hian Malaysia Research is maintaining a Buy on MALAYSIAN RESOURCES CORP [] Bhd (MRCB) at RM2.32 and has a fair value of RM3.02 as it expects MRCB to benefit from more redevelopment projects.
It said on Monday, July 11 MRCB’s share price has crept up with volume last week, from RM2.21 to RM2.32.
“We continue to expect more positive newsflow in 2H11 for MRCB, particularly on the redevelopment of the Rubber Research Institute land in Sungai Buloh (GDV: RM10 billion), “River of Life” project worth RM3 billion for phase 1 and also more sizeable land deals in Selangor, which will allow them to develop at least RM4 billion to RM5 billion of GDV in the future.
UOB Kay Hian Malaysia Research said if successful, the acquisition would lift its total GDV to a whopping RM12b. We maintain BUY with a RNAV-based share price of RM3.02.

TRC break above bull flag

Entry price: 1.86
TP: 1.97, 2.07
CL:1.73
RR:0.85, 1.62
Resistance: 1.99, 2.09
Support: 1.75
Trend: Uptrend (The counter still fluctuate within 1.7-1.84 channel)
Candlestick: Bull Flag form last week and Doji form on 8 July (undetermine). Next trading day needed to confirm the bull.  If hit our entry price, it will continue bull, else sideway.
ADX: Bullish with good momentum
MACD: Bullish crossover bearish
RSI: 50% (Bullish)
STO:Bullish crossover bearish (bullish)
Volume distribution: Sell pressure higher than buy force (bearish)
Conclusion:  5 bulls 1 bear .  Bull win.