FGV (5222)

FGV has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 1.73 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.

AIRASIA (5099)

AIRASIA has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 1.48 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout. The resistance is tag at 1.62 & 1.71 and trader can exit if 1.43 is breached. There is talk of an impending privatization at 1.80 ( though denied by the company but Tony Fernandez remains silent). This will somehow generate interest in the market.

UEMS (5148)

UEMS has been trading above its upward sloping 20-Day Moving Average which is a good sign. Furthermore, the next resistance level is quite far at 1.25. The counter suddenly gapped up on closing Friday to 1.17 after trading for most of the vday at around 1.14 near it initial support. Support is at 1.14 and 1.04 with resistance at 1.25 & 1.28.
It is interesting to note that UEMS is a favorite GLC counter with huge land banks mainly in Johor. UEMS might be also one of the target for Valuecap to buy in.