Quick update for our stocks on the watch list that potentially run again
IJMLand-WA -Please see yesterday post by JK for more details. Today move up again. Although it is a small one, but Malays' believe "Tiap-Tiap Hari Sedikit, Lama Lama Jadi Bukit". So we believe the wave 5 is on the way.
NTPM - Our watch list on 9/12, the volume seems to build up on this stock. If you acquired this stock, you need to set the cut loss point at the support 0.52 or lower. We see some resistance at 0.555.
PRDUREN - Our watch list on 14/12, this stock seem to move up with very high volume today. However it faces a strong resistance at above 1.00. If you already bought, the cut loss point should set at 0.935 OL.
Rubber Glove families are moving with Adventa top the rest.
Wimax families are back in action with Gpacket and Gpacket-WA top the rest.
There are too many counters started to move today like IGB, Fajar... but I will pick 1-2 potential one for you.
Let me show some chart on these counters for your benefits.
Titan - Latest quarter EPS 8.24 (+1400% q-q). WPE=3.68, NAV=2.46, Current price=1.19
Technically this stock had moved up for 2 days. If it can break out from the symmetrical triangle at 1.20, it will turn bullish. The resistance is 1.20 and the support is 1.14. The support 1.14 also you threshold point for cut loss.
KNM - Last quarter EPS is 0.81 (-70% Q-Q), PE ratio 10.91, NAV=0.49, ROE=14.9, Current priice= 0.75
Technically this stock had rebounded from 0.71. The price crosses 200 days SMA yesterday. MACD rounded bottom, STC > 70%, the trend is bullish bias now. Please refer to the chart.
3A - Latest quarter EPS 1.91 (+97% Q-Q), PE ratio is 24. ROE=17.68, Current price=1.45
Technically 3A broke out from the symmetrical triangle today. The price stays above 10 and 20 days SMA, RSI >50 and the STC >70. If the price can break the resistance 1.47 with volume grow, we are quite confirm the trend turn bullish. If you acquire this stock, you need to set the cut loss at 1.33 OL. Please refer to the chart.
