Bursa Malaysia Stock Watch
Konsort- a possible trading BUY
kltrader
Publish date: Wed, 03 Mar 2010, 11:26 PM
kltrader
0 20,414
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Konsort broke above its medium-term downtrend line at RM1.20 yesterday. Its upleg continued today, where it has surpassed the horizontal resistance lines at RM1.30 & RM1.35.
Chart 1: Konsort's daily chart as at Mar 3, 2010_3.40pm (Source: Quickcharts)
It will soon be testing its long-term downtrend line resistance at RM1.38-40. If it can surpass this level, it could challenge its recent high at RM1.67.
Chart 2: Konsort's weekly chart as at Mar 3, 2010_3.40pm (Source: Quickcharts)
Based on the above, Konsort may be a good trading BUY at present level and especially above the RM1.40 level. For the more risk-averse crowd, you may try to gain entry on pullback towards RM1.35 or RM1.30.
Chart 1: Konsort's daily chart as at Mar 3, 2010_3.40pm (Source: Quickcharts)
It will soon be testing its long-term downtrend line resistance at RM1.38-40. If it can surpass this level, it could challenge its recent high at RM1.67.
Chart 2: Konsort's weekly chart as at Mar 3, 2010_3.40pm (Source: Quickcharts)
Based on the above, Konsort may be a good trading BUY at present level and especially above the RM1.40 level. For the more risk-averse crowd, you may try to gain entry on pullback towards RM1.35 or RM1.30.
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
2
MQ Market Updates
3
TA Sector Research
4
PublicInvest Research
5
BFM Podcast
6
7
M+ Online Research Articles
8
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
