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.

Will Airasia continue to bull?

Entry price: 3.52
Profit taking: 3.65,3.84
Cut loss: 3.35
Resistance: 3.67, 3.86
Support: 3.37
Trend: Uptrend (Bullish)
Form higher high (Bullish)
ADX: Nearly cross above 40 from below, good momentum (Bullish)
MACD: kissing and waiting for 4R1G, this will be critical turnover point (Undetermine)
RSI: Retrace toward 70%.  Bull if rebounce, berish if break below
Sto: Bearish crossover and broke below 80% (Bearish)
Candle Stick - Hammer on support 3.37(Undetermined ) Waiting for next day signal. If White candle and goes up it will be bullish
Conclusion: 3 Bulls 2 Bear.  Bull win