TRADING BUY :

1-    DOLMITE (5835) – Positive Momentum

As of 19 January 2016, DOLMITE has been on a strong uptrend as suggested by the upward sloping 20-Day and 50-Day Moving Averages. This has brought the price to the resistance of 0.61. It close today at its resistance of 0.61. The next resistance of 0.635 if broken will move the price to uncharted territories. 0.635 is the historical 52-week high achieved last week. For the upside to continue, the resistance needs to be broken conclusively, preferably with high volume. The indicator analysis on RSI is not exhibiting any extreme condition. Watch out for the 30% and 70% levels which indicate any oversold and overbought condition respectively.

2-    BIG (7005) – Positive Momentum

BIG 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 0.795 its historical 52-week high achieved last week. Though financial performance thus far is nothing to shout above but the nearing Sarawak election might see BIG getting a piece of the action. Thus this 0.795 level need to be broken conclusively for it to trend higher thereafter.

3-    SEDANIA – Resistance Breakout

Sedania has achieved a resistance breakout at 0.475 today reinforcing the bullishness in today’s price movement. Ideally this price breakout of 0.475 level should come with increased volume. Monitor for volume build up to reaffirm the bulishness to break the resistance 0.505.

4-    DNEX (4456)

DNeX going into renewable energy

Published by The Star at 2016-01-19 16:29:03

KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) is venturing into renewable energy sector with the signing of memorandum of understanding (MoU) with three companies.

DNeX’s subsidiary Forward Energy Sdn Bhd (FESB) has signed MoUs with Hong Kong-based China Everbright International Ltd, Broadgate Engineering (M) Sdn Bhd and China-based HydroChina International Engineering Co Ltd.

Under the MoU, the parties will collaborate and cooperate specifically in submitting business proposals for waste-to-energy technology projects in Malaysia and regional markets.

“Through the MoU, DNeX will be making the first step into the waste-to-energy sector with strong international partners namely China Everbright and HydroChina as the technology providers.

“Broadgate, meanwhile, is DNeX’s partner for engineering and sub-contracting works within Malaysia and in the region,” DNeX said in a statement.

Tags: 4456 DNEX

5-    EDUSPEC (0107)

EDUSPEC has tested the support of 0.30. It is important to monitor the price volume action near this 0.30 level to determine whether the rebound is sustainable.

COLLECTION COUNTERS ( HOLD  1 WEEK TO 3 MONTHS)

HAPPY TRADING & GOOD LUCK

BURSAMASTER

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