Genting : Closed at 9.65. Mixed signals without clear rebound so far.

I sent out to my turtles about the possible reversal signals on 23rd Aug, but no confirmation the next day. Since then, it is hanging in a range ... and we need to see Genting to break 9.80 to be confident that, short term technical rebound in place. My theory is that ... buying blue-chip counters during such uncertain times, especially with holidays, will be good. The point is still NOT to lose money!

YTLLand : Closed at 1.05 on Friday and touched 1.07.

When it dived below RM1, I placed her at alert list. It dived to 0.94(closed 0.945) last Friday with HUGE volumes. Good. I was hoping that it will dive further to 0.90 level with another huge volume for me to grab her. But, it rebounded, instead. As I have entered CIMB trade that moment, I do not have bullets ready to grab her. One of my turtle told me he grabbed her at 0.990. Good for him.

Now, I did not initiate his buyings or anyone's buying. So, I m not responsible for his gains or losses.

So, at what point should one sell if grabbed at 0.99 on Monday? Technically, it is bullish and reversal signals all in place. Yes, a beautiful chart, indeed. Resistance at 1.10, which I think will be good to take half profit while letting the other half to run up to 1.20, a strong resistance. Bear in mind that DOW down 250 points, ok? We might see mix sentiments tmr but I do believe more buyings coming in tmr or next week after a loooong holiday.




Axiata : 4R1G seen in the histogram. Nice technical indicators, touched 4.79. So, will start to clear at 4.85 and above, resistance at RM5.



CIMB : Positive indicators seen. closed at 7.40. More buying will be seen this week but I will try to clear around 7.70-7.80. Can a person take a position tmr? Yes, for short term trade. Otherwise, stay out of banking stocks.

These are my own holdings which I grabbed before holiday break. Axiata done at 4.50-4.60-4.70 levels so far while CIMB done at 7.10 level. Checking to top-up CIMB tmr while start clearing Axiata?