Market is still at lower liners, Kub(6874), Saag(9652), Hwgb(9601), Tebrau(1589)
At 4:18pm, KLCI is up 2.66 recorded at 1572.55. Hong Kong is down 130.50 recorded at 24162.15.
I need to check some of the stocks that I am monitoring.
Kinstel(5060) is 0.95. It seems that there is one stockbroking wrote about this stock and recommended a buy. It said the target price is 1.20.
It seems that MUIind(3891) has secured green light from Bank Negara to negotiate the selling of MUI Continental Insurance's stake (52.21%) to American based company Liberty. It was recorded at 0.22 on Jan 13, 2011 but jump to 0.255.
I missed the Friday show and was thinking of jumping in but it has heavy volume. At 4:30pm, it is recorded at 0.245, the low was 0.24. Will it come down? It is difficult to say although there is this negotiation going on. Anybody wanted to buy still need to take a risk.
Salcon(8567)'s price range is between 0.72 to 0.735. When I was looking at it during the weekend, the stock closed at 0.725 showing a doji on Jan 14. A day before, that is on Jan 13, there is another doji.
When the price is at a low level, doji is bullish signal. I notice in the past the stock will just fly after doji signals are shown. That happened on Nov 15, 2010 which pushed the price to 0.89.
History will repeat itself. That is the principle of technical analysis. It will move. When it will move is another question. It is always the right timing.
Takaso(7071) is priced at 0.38 at 4.44pm. Last year, the stock has the habit of sudden surge. There were three such occasions, that is on Jan 12 to 1.00, Oct 7, 0.63 and Dec 22, 0.585.
The high is getting lower. Could the next high be 0.485?
Redtone(0032) seems to move in tandem with Gpacket(0082). Redtone is at 0.20 at 4.57pm whereas Gpacket is 0.815. Gpacker might consolidate before it takes off.
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