Skip this counter unless the dividend is good !
Thursday, May 15, 2008
10:39 am - A good short term swing trade for Genting @ Rm6.10
It is well supported at this level. However, overall trend is down. Put your stop below Rm 6.00.
10:37 pm - Let's go of Gamuda for the time being !
It is moving sideway ! It has heavy resistance level @ Rm 3.50-rm 3.60
10:35 am - Wait until the price take out RM2.55
It has a beautiful double bottom and undergoing series of test !
9:31 am - TNB - Here is the deal !
One of our graduate ask me to comment on Tenaga. Looking at weekly chart that goes all the way back to 2005, TNB is at the lowest point. Dividend yield maybe appealing now but the trend is definitely lower low. I wud wait for a series of test first before putting my hard earned money into TNB.Wait for a confirmation first.
9:27 am - Kinsteel has reached its triple top and the uptrend is halt temporary !
It need to form a base at Rm1.60-Rm1.65 again. Profit taking is taking place.
9:25 am - Profit taking is taking place after local newspaper said good news on PB Bank
PB Bank is trying to build a support base RM 11.60 before any uptrend can be resumed.
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