DAILY MARKET WATCH : 8-DEC-2015

1         HANDAL –

                TO MONITOR CLOSELY FOR RESISTANCE BREAKOUT OF 0.40. IF BREAKOUT ABOVE THIS LEVEL IS ACHIEVE                         WITH IMPROVED VOLUME, POSSIBILITY OF IT OF IT TESTING ITS RESISTANCE OF 0.455/ 0.495/0.540. SUPPORT IS                 PEGGED AT 0.375 & 0.32.

2         YONGTAI

                TODAY HAS INDICATED AN IMPRESSIVE AND CONCLUSIVE BREAOUT OF 2 RESISTANCES AT 0.735 AND 0.75.                       CLOSING AT 0.765 WITH INTRADAY HIGH OF 0.77. IF IT COULD BREAK THE NEXT RESISTANCE OF 0.79 AND                           THEREAFTER THE MAJOR RESISTANCE OF 0.83; A LIKELIHOOD IT WILL HEADS TOWARDS 1.00.

3.       TEKALA

HAS DEMONSTRATED AN IMPRESSIVE RUN UP ON FRIDAY AND TODAY BY SURGING FROM 0.305 FROM LAST FRIDAY TO A HIGH OF 0.495 TODAY BEFORE SETTLING AT 0.475 ON ANNOUNCEMENT OF CORPORATE EXERCISE. TEKALA COULD RALLY FURTHER TO 0.66.

                DETAILS OF THE EXERCISE IS AS PER LINK BELOW:

                http://klse.i3investor.com/blogs/genzinvestor/87590.jsp

 4.      CAB

HAS INKED A MOU WITH AN INDONESIAN GROUP FOR COLLOBRATIVE ARRANGEMENT ON 6  DEC 2015. THE PRICE HAS RALLIED RECENTLY TO A HIGH OF 1.77 DONE TODAY BUT THE COUNTER SUCCUMBED TO HEAVY PROFIT TAKING CLOSING THE DAY AT 1.62 FOR A LOSS OF 0.07. HOWEVER, THE POTENTIAL UPTREND FOR THIS COUNTER IS STILL POSITIVE IN THE NEAR FUTURE WITH A tp OF 1.80 TO 2.00 ( 0- 3 MONTH).

http://www.stockhut.com.my/news/85987
 

5.      KOBAY

KOBAY HAS DEMONSTRATED AN IMPRESSIVE REVERSAL TODAY BY GAINING 0.19 TO CLOSE TODAY AT 2.27. THE POSITIVE REVERSAL IS PROBABLY DUE TO THE IMPENDING EGM SET ON 9 DEC 2015. IMMEDIATE RESISTANCE IS PEG AT 2.43 AND 2.66 WITH SUPPORT AT 2.02.

HAPPY TRADING & GOOD LUCK

BURSAMASTER

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