BURSAMASTER

WATCHLIST : 9TH TO 13TH NOV 2015

Bursamaster Kelab
Publish date: Mon, 09 Nov 2015, 12:17 AM
Bursamaster Kelab
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TEKSENG (7200) – Normal risk

TEKSENG has been trading above its upward sloping 20-Day Moving Average & the price just made a resistance breakout at  0.71 to close Friday at 0.74 after touching a high of 0.75 . I believe follow-through buying to continue this week; maybe with a brief retracement to beef up momentum to test its 52-week high of 0.93.

 

3Q2015 net profit soared 183.1% Y.o.Y to RM5.0 mln, on higher contributions from its solar segment. Revenue for the quarter gained 63.5% Y.o.Y to RM99.3 mln.

 

1 to 3 mth TP : 1.00

 

NIHSIN (7215) – Medium Risk

NIHSIN has been on the uptrend mode since September where the lowest price traded was 0.225. Since then the counter has seen positive price movement climbing to close Friday at 0.335. Its 1-week range of 0.295 to 0.34 with the highest price of 0.34 done last Friday. It resistance breakout 0.31 has now become its immediate support.

Its 52-week range is 0.220 to 0.505.

 

Understand, Nihsin will be holding a press conference soon to formalize a marketing arrangement with a large government-link organization.

 

TP : 1 – 3 month  :  0.50

 

 

PASUKGB (0177)- Medium Risk

PASUKGB : The price just broke the resistance of 0.205 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which is a good sign hence giving a higher probability of a successful breakout.

 

Pasukgb closed Friday at a 3-mth high of 0.22 with reasonably high volume of over 8 million shares traded.

Its 52-week range is 0.12 to 0.285.

 

TP1: 0.26  /   TP2: 0.285 / TP3 : 0.34

 

 

 

FGV (5222) – Medium Risk

FGV has broke the most major resistance of 2.00 reinforcing the bullishness in the recent price movement. Ideally one would like to see an increase in traded volume to demonstrate the enthusiasm of the traders to push the price past this technical resistance level. However, there was a decrease in the traded volume in this breakout. Hence it is important to monitor the immediate price volume action to ascertain the validity of this breakout.

 

FGV must conclusively stay above 2.00 to warrant a meaningful breakout to re-affirm its upward momentum to 2.20 and 2.40 in the immediate term.

 

 

YONGTAI (7066) – Normal Risk

YONGTAI has demonstrated a very impressive run up during a one-week period; garnering an impressive gain from a one-week low of 0.625 to close Friday at 0.74 just a little short of its Friday’s high of 0.75.  Furthermore, the next resistance level is quite far at 0.81.

1 to 3 month TP : 0.1.15 to 1.26

 

 

MNC (0103) – Medium risk

MNC has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, there is a technical level at 0.255 which may support any short-term retracement.

Its 1-week range : 0.25 to 0.275 ; 52-week range : 0.175 to 0.38

 

There seems to be some interest in the counter lately. It has somewhat retrace from its week high of 0.275 to close Friday at 0.255 after a brief retracement. If interest in the counter persist; we should see it price be pushed above 0.275 this week

 

HAPPY TRADING

BURSAMASTER

 

 

 

 

 

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