BUY Call:-
* Salcon (RM0.79, BUY) – Potential breakout but...
* Symphony House (RM0.29, BUY) – Uptrend still has legs.
* Minply Holdings (RM0.345, SELL) – Worrying signs.
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Salcon (RM0.79) – BUY
FY10P/E: 14.6x, P/BV: 1.2x

• Over the past few days, Salcon has been trying to penetrate the resistance trend line. Although it seems to have a bit of hindrance to the upside, the broker thinks this is only temporary. The positive underlying has spilled over to the weekly chart, suggesting that its medium-term outlook is also promising.
• A breakout should lift prices towards the RM0.85 resistance. If this level is also taken out, then it may swing closer to RM0.91. Therefore, risk takers may want to take some position now, or during technical pullback, to ride the potential breakout run.
• Technical indicators remain compelling. Both MACD and RSI signal lines are still rising. However, keep stop tight at RM0.74 (yesterday’s low).

Salcon designs, builds, operates, and maintains municipal potable water, sewerage, and industrial waste water facilities. The company also designs, builds and commissions palm oil mills, as well as provides mechanical and electrical engineering services for general industries and investment holding.
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Symphony House (RM0.29) – BUY
FY10P/E: N/A, P/BV: 0.9x

• The stock bounced off strongly near its support trend line and swung above its key SMAs. Hence, we think this uptrend still has legs and should lift the stock to test the resistance channel of RM0.33 in the near-term. A breakout above that level could potentially send the stock to RM0.37.
• Our bullish view premises on its potential to cut above yesterday’s high of RM0.31 again. Also, its improving technical landscape is another reason why the brokers are asking traders to ride the uptrend.
• However, given its recent outperformance, the broker prefers to buy during technical pullback. Always keep a stop at below RM0.275 in case selling pressures come in earlier-than-expected.

Symphony House is an investment holding company. Through its subsidiaries, the company provides application software development, computer solutions, and IT services. Symphony House also provides corporate services such as share registration, secretarial services, and accounting services.
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Minply Holdings (RM0.345) – SELL
FY10P/E: N/A, P/BV: 0.6x

• Minply surged to a new 52-week high of RM0.385 in the early session but gave back all its gains at day’s end. This is worrying as it also suggests that follow through momentum is fading. If the candles violated the support trend line (currently at RM0.33), most likely this uptrend is over. This would also drag the stock towards its next support at RM0.30.
• Indicators are still gaining strength but at a slower pace. RSI has turned flattish while its MACD histogram bars are also losing a bit of momentum.
• Broker thinks traders should do well taking some profits off the table now. In view of the rising downside risk, selling on strength is probably the best option here. Resistance is at RM0.385.

Minply Holdings is an investment holding company. The company, through its subsidiaries, manufactures metal hinges, furniture parts and accessories, wooden speaker boxes, wood making, and knockdown furniture and fittings. Minply Holdings also trades plywood, furniture parts, furniture accessories, and wood based panels.