Sunday, May 25, 2014

MPCORP (6548) ----Downtrending???


The final upleg done and over for this stock was on 10/4/14.

Soon after...it is unfolding the downtrend corrective waves ABC.

Expecting prices to move lower...the support at S1 0.44 will be broken down soon.

The next strong support is at S2 0.39.

(the above is just my2c opinion...trade at your own risks)

PMCORP (4081) ---Trending sideway.


The stock is in stage 1 of a stock cycle(hibernating mode).

Prices need to break out of the box at R1 0.245 and finally at R2 0.26 with volume to consider it to be

bullish.

For long term investor...maybe now is a good time to accumulate...

For short term trader...maybe to consider when it breaks above 0.26 with volume.

( the above is my2c opinion...trade at your own risks ).

Thursday, May 15, 2014

KTB (4847) ----Bullish Trend to continue...


The stock have a nice run up from 21/3 and culminating on 2/5..at the highest 0.32.

The pullback(correction) is now over...and prices are climbing up now( the impulsive wave 3)

More positive upwards price action is expected as from now.

The SUPPORT is now pegged at...0.215....RES at...0.30

The TP is calculated at 0.495...there will be dips before reaching it.

The resistance will be taken out very soon...

( The above is just my2c opinion.....TRADE AT YOUR OWN RISKS)

Saturday, May 10, 2014

SILKHLD (5078) ----Bullish stock.



The strong support is now pegged at 0.61.

My own calculation of the TP is at 1.25 (there will be dips before reaching it).

Yesterday run up and breaking the resistance at 0.76 easily signified a bullish move...more positive price

action is expected from now.It is now in the impulsive bullish wave3.

This bullish move was confirmed with the latest news...the private placement of 6.2% to an *investor*.

1)The Placement Shares are not priced at more than 10% discount to the
weighted average market price (“WAMP”) of SHB Shares for the 5 market
days immediately before the Price-Fixing Date;

2)The Proposed Private Placement, which is expected to be completed before the end of the 3rd quarter of 2014.

*My 2c opinion is that prices will go up before the announcement of the Price-Fixing Date evidently by the way that the shares are being sapu in the open market.*


(I am bullish on this stock...my2c opinion....trade at your own risks.)

THE NEWS:

SILK HOLDINGS BERHAD (5078, SILKHLD)

DateMay 09 2014 TypeGeneral Announcement Ref No.MI-140509-68643

Type
:
Announcement
Subject
:
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING

Description
:
SILK HOLDINGS BERHAD (“SHB” OR “COMPANY”)

PROPOSED PRIVATE PLACEMENT OF UP TO 30,000,000 NEW ORDINARY SHARES OF RM0.25 EACH IN SHB (“PLACEMENT SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 6.2% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SHB (“PROPOSED PRIVATE PLACEMENT”)


Announcement Details/Table Section :




On behalf of the Board of Directors of SHB, AFFIN Investment Bank Berhad wishes to announce that the Company proposes to undertake a private placement of up to 30,000,000 new ordinary shares of RM0.25 each in SHB representing up to approximately 6.2% of the issued and paid-up share capital of SHB.

Kindly refer to the attachment for further details on the above Proposed Private Placement.


This announcement is dated 9 May 2014.

Thursday, May 1, 2014

GHLSYS (0021) Update.


The stock now is about to move up again after closing near the Support at 0.81.

The selling pressure is drying up now...since started on 16/4...confirmed by lower volume traded.

The last closed was a spinning top with higher volume than the previous two days is of very importance.

The next few days closing above 0.85 will confirm the start of the next upleg...

The 1st support is at 0.81 and the 2nd support is at 0.685...Res at 0.915

The stock is NOW still in W5...the impulsive wave.

( the above is just my2c....trade at your own risks ).


SYMPHNY (0016) ---Update.


First mention on this stock was on 10/4....a speculative trade.

Since after the 11/4...the stock starts to drift lower and lower and the volume traded is diminishing.

The downtrend is not over yet...hopefully can find support at 0.20.Failing that it would try to close the gap.

Before the gap up, the counter was at the range of 0.105~0.14(A) for more than a year.

The gap up(B) (the work of a stock operator in action) is now over.

C denotes the downtrend in progress....those who heeds my2c opinion would have got out at 0.27 earlier.


( The above is my2c....the final decision is still yours...trade at your own risks)