Another minor correction for heavy weight counters but the second and third liners are encounterd a moderate to serious correction in the mid day. Losers beat gainers by 356 vs 174 with low volume traded.
Despite AirAsia having a good earning result, but this did not trigger many buyers to come in. The investors are very caution to buy any lower liners. There are many sellers waiting to sell this stock at 1.31. If the price breaks above 1.31, the chart just breaks out from the upper trend line. Keep watching for break out.
Mudajaya spikes up to 4.82 this morning but sellers quickly took profit and the price pulled back to 4.65. It did not trigger us to sell yet as we believe it will retest 4.82 if the market sentiment getting better.
Adventa confirmed broke out from the upper trend line and closed at 2.37. Good buy.
Supermax retest 4.10 but unable to sustain above it.
There are too many sellers waiting to sell Maxis above 5.38. Do not buy this stock at this time. We had reduced 2/3 of our positions on Maxis.
OUR HOLDINGs
Maxis went down 0.56%, closed at 5.34. Position reduced
Supermx went up 1.25%, closed at 4.06
Adventa went up 2.60%, closed at 2.37
Mudajaya went down 0.85%, closed at 4.65
STOCKS TO WATCH
Warning - keep side line if possible
Harta - Volume increase, price broke out.
Affin - Watch out for second round push out. Price must stay above 2.34.
Measat - Volume increase this morning.
CBSTech - Volume increase, for higher risk takers only.
