Journey to Wealth

Trading Stocks - MyEG | Zhulian | MBSB | Censof | UOA Dev | Airport | Ho Hup | Sunway

kiasutrader
Publish date: Wed, 06 Feb 2013, 10:26 AM

My EG's  rebound  may  resume  if  it  holds  above  the  100-day  MAV line. A purchase can be made if it closes above RM0.80, with a close below  RM0.76  as  a  stop-loss.  The  price  target  is  RM0.935,  if  the recent  high  of  RM0.85  is  violated.  Failure  to  stay  above  RM0.76 could  see  the  stock  trade  lower,  with  supports  anticipated  at RM0.735 and RM0.68.

Zhulian's rally may resume if the stock holds above the 50-day MAV line.  A  purchase  can  be  made  on  close  above RM2.80, with  a  close below  RM2.75  as  a  stop-loss.  The  price  target  is  RM3.20,  if  the psychological RM3.00 is violated. Failure to get above RM3.80 could likely  see  the  stock  trade  sideways,  with  support  anticipated  at RM2.70 and a stronger one at RM2.60.

MBSB  may  resume  its  rally  after  closing  at  its  highest  in  almost  5 months. A position can be initiated if it closes above RM2.40, with a close below RM2.38 as a stop-loss. The price target is RM2.70, if the psychological  RM2.50  is  broken  convincingly.  The  stock  may  trade sideways if it closes below RM2.38 and strong support is anticipated at RM2.20.

Censof  may  rise  after  staying  above  the  200-day  MAV  line.  A purchase  can  be  made  if  the  stock  closes  above  RM0.40,  with  a close  below  RM0.38  as  a  stop-loss.  The  price  target  is  the psychological  RM0.50,  with  selling  expected  at  RM0.45.  Failure  to break  above  RM0.40  will  likely  see  the  stock  trade  sideways,  with support seen at RM0.36, followed by a stronger one at RM0.335.

UOA  Development  may  fall  further  if  it  breaks  below  the  100-day MAV line. A trader may decide to liquidate if the stock closes below RM1.70,  while  supports  are  expected  at  RM1.60  and  RM1.50. However,  the  stock  could  make  a  rebound  if  it  fails  to  break  below RM1.70, with strong resistance expected at RM1.80.

Malaysia  Airports  may  decline  after  forming  two  consecutive  weak candles.  A  trader  may  opt  to  liquidate  if  the  stock  closes  below RM5.60,  while  supports  are  anticipated  at  RM5.40  and  RM5.20. Buying could return quickly if the stock fails to break below RM5.60, but expect strong resistance at RM5.70 and RM5.80.

Ho  Hup  may  fall  further  after  posting  a  5-month  low.  Traders  may opt to liquidate if the the stock stays below RM0.66, while supports are  anticipated  at  RM0.60  and  RM0.55.  Buying  may  return  if  the stock  fails  to  stay  below  RM0.66  and  the  resistance  levels  are RM0.73 and RM0.78.

Sunway could decline if it stays  below  the RM2.40 resistance level. A  liquidation  can  be  made  if  the  stock  closes  below  RM2.37,  while supports are anticipated at RM2.25 and RM2.15. Buying could make a comeback if the stock closes above RM2.40. Resistance is seen at RM2.55, with a stronger one at RM2.70.
Source: OSK
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