Here is an idea for a trade next week - VS Industry. High volume registered at the pivot earlier and 5 L/C. It also has a nice up trend.
Friday, April 4, 2008
12:09 pm - Here is a thought for Top Glove.
CIMB Research Desk puts out a BUY recommendation for TOP GLOVE with target price at RM 6.90.
Looking at the weekly chart of Top Glove, the counter has registered heavy volume this week which indicate big players have bought into Top Glove.
Wait for a support base to be formed before taking position.
10:04 am - I cannot find anything for you buy !
Look at TM for example. Most of the blue chip stocks is falling or holding at a major support. If it breaks, we wud see further down.
TM Support at RM10.50. If breaks, we wud see KLCI will go down further.
9:34 am - KLCI is holding the downtrend this morning !
Hang Seng market is closed. Let's see how our KLCI market will move today ! Generally, KLCI will move sideway or down ! Let's see if this is true.
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