Thursday, October 7, 2010

Posted on VK Member site on 22/9/10

7-10-10 Thusday 10:40 PM
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8346 PRKCorp (22-Sep, Closed)Rebound supported by the ema31. All indicators are in standby position for rally except the RSI is at 50 now. Short term trailing stop is below yesterday low, while Mid term trailing stop is below dynamic BMB10 or ema31.








1538 Bolton (22-Sep, Closed)This counter finally breakout from a descending triangle and closed at 0.975. MACD just crossing the trigger line and almost at zero level now. Volume is picking up above VMA with RSI getting around 62 and STC get to 82 and DMI in good position. Ema14,21,31 are just in order nicely. Short term trailing stop below yesterday low. Mid term trailing stop below BMB10 or ema31.








5094 CSCSTEL (22-Sep, Closed)
Price above ema, MACD crosses trigger line and approaching zero level, STC up above 70 level, OBV and MOM are ready. But close monitoring on RSI, DMI, BB10, Volume, and ema arranges in order for rally support.








1651 MRCB (22-Sep, Closed)
Beware that a Bearish shooting star candlesticks is formed today may indicate correction or side way price movement may take place from next candle onwards. Short term trailing below yesterday low, and mid term trailing stop below dynamic BMb10 or ema31.








5099 AIRASIA (22-Sep, Closed)
The candlesticks appear as Bearish Dark Cloud Cover today. So correction or side way movement may take place from next candle to be onwards. Short term trailing stop is below yesterday low, while mid term trailinmg stop below dynamic BMB10 or ema31.








9679 WCT (22-Sep, Closed)After correction rebound is observed supported by the BMB10. So a higher low is formed, next will be monitoring for breaking up above recent high of 3.06. Most of the indicators are in position to support rally. Successful breakout may lead to the next possible targets at around: 3.12, 3.25, 3.45, 3.60, 3.75. However, short term trailing stop could be set below yesterday low, and mid term trailing stop could be below dynamic BMB10 or ema31.








4235 LIONIND (22-Sep, Closed)
This counter is observed with Bollinger Band expanded with 24%. MACD is moving above previous high. Let's observe the possibility of breaking out above the line L1 that may anticiapate for next rally. All other indicators are on the uptrend support. The next possible targets are around: 1.85, 1.96, 2.20, 2.20. Should correction were to take place below the line L1, then treats BMB10 as the next support level for another entry point. Trailing stop below yesterday low for short term and trailing stop below BMb10 or ema31 for mid term.







5060 KINSTEL (22-Sep, Closed)
This counter breakout of a symmetrical triangle intraday but was retracted at closing within triangle again. Although MACD crosses the trigger line with 60% buy rate volume picking up significantly above VMA, other indicators almost resume positions. However, DMI is still in good standby position to take off. Let's monitor for ema to be twisted into good order and bollinger band in expansion. Short term trailing stop below yesterday low, whereas mid term could set the trailing stop below BMB10. Worst case cut below 0.830.








5146 PERWAJA (22-Sep, Closed)
There is an Bullish divergence was observed as per chart below. The volume is increased significantly but was at 44% buy rate. With red closing price 1.04, the MACD slightly diverts away from the trigger line. But the DMI seems to be in good standby position for rally or reversal mode. With this mixed signals, better stay side line until confirming reversal to happen. Otherwise, it may just trigger below 1.04, by thenthe bullish divergence is nullified. So Cut loss below 1.04 is firmed. Stay out until next reversal of signals.








4235 LIONIND (22-Sep, 4:05pm)
This counter is observed with Bollinger Band expanded with 24%. MACD is moving above previous high. Let's observe the possibility of breaking out above the line L1 may anticiapate for next rally. All other indicators are on the uptrend support. Should correction were to take place below the line L1, then treats BMB10 as the next support level for another entry point. Trailing stop below yesterday low for short term and trailing stop below BMb10 or ema31 for mid term.








5146 PERWAJA (22-Sep, 4:00pm)
There is an Bullish divergence was observed as per chart below. The volume is increased significantly and the MACD almost crossingthe trigger line plus DMI is in good standby position for rally or reversal mode. Trailing stop below 1.04 firm.








3:30pm Let's monitor those Steel counters from now onward.... eg. Perwaja, Melewar, Annjoo, SSteel, Tatgiap, CSCSteel, Lionind,...

5060 KINSTEL (22-Sep, 3:30pm)

This counter breakout of a symmetrical triangle with Bollinger Band expanded 21% above BMB10 now. MACD crosses the trigger line with volume picking up above VMA . STC is abive 70 level except awaiting for RSI just merely above 50. And DMI is in good standby position for rally except the ema has not arranged in order. Short term trailing stop below yesterday low, whereas mid to long term could set the trailing stop below BMB10. Worst case cut below 0.830.








9:15am BJcorp is at the "golden Cross" juncture.....

9:10am ALERTS....Both Handal and Malton are out of BB20 green band...