Stock Pick Challenge 2013 2H
Stock Pick Challenge - [JTIASA] by OTB
JTIASA Stock Chart as at 16-08-2013
Dear valued members,
You should be realistic about your goals.
"In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten." Peter Lynch
Disclaimer: Please be informed that the following mentioned stocks / symbols are solely for the purpose of education only; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your dealer representative or remisier or financial adviser. Please buy at your own risk. Final decision is yours.
The 6th stock I wish to select for second half of 2013 is JTIASA.
The first 4 stocks I selected was based on TA + FA. This fifth stock I selected is strictly based on Technical Analysis. The current earning of JTIASA is not justified to the current price (around 2.10). However, base on Technical Analysis, the price is almost bottom and starts to show an up trending trend. Hence this recommendation is not suitable for those who believed strictly on FA. Please ignore it if you are not interested. Those believed in TA, please check your chart before you buy.
My trading plan
This stock is an up trending stock (daily and weekly). However, monthly chart is still bearish because it is laggard.
The stock price was hitting new high (current) at 2.33 on 22/5/2013. The price goes through a correction and closed at 2.10 on 1/8/2013.
Major resistance is 2.17 and 2.35.
Major support is 1.96.
Target price = 3.38.
Margin of safety = 38%
Potential profit gain = 61%
Cut loss at 1.93 = 8.0%
Risk reward ratio at 1.93 cut loss = 1 : 7.5.
Technical Chart.
A side way with an up trend bias chart formed. A Cup and Handle chart was formed with pivot line at 2.17. The buy signal is at the Handle which is the reason I like this stock. There will be a good chance to hit our target price of 3.38 if the major resistance at 2.17 and 2.35 are crossed convincingly. A Cup and Handle chart formation is always a bullish chart.
Volume
The volume is low, average daily volume is < 1 million. Hence it is very difficult to buy in a big way. You have to accumulate slowly at average price of 2.10.
Strategy
The best strategy is to buy it and walk away for a while. You need some holding power on this stock.
Conclusion
Recommend to buy at 2.10 on 1/8/2013.
Special note :
Please note that Mr Koon Yew Yin, my investment sifu (I respect him) also selected this stock. Enclosed are the articles he wrote about JTIASA.
My target price of 3.38 is based on my Technical Analysis calculation.
Please note that RHB had upgraded "overweight" rating on timber stocks recently.
Thank you.
Ooi
Posted by Ooi Teik Bee at Aug 5, 2013 03:59 PM
Dear valued members,
Please refer to the following link for Mr Koon's report.
http://www.malaysiafinance.
http://klse.i3investor.com/
Thank you.
Ooi
Comment by Ooi Teik Bee at Aug 5, 2013 04:05 PM
Disclaimer :
Feng Shui believer only (for reading pleasure)
I am a Feng Shui believer, "Wood" element related stocks will start to perform very well in second half of 2013 to first quarter of 2014. Please note that Plantation index is also hitting 9-month high. This stock belongs to "Wood" element.
Please note that this special note is for information only, the trigger point is still using TA. Please do not take it seriously, please ignore it if you do not believe.
Thank you.
Ooi
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Discussions
1 person likes this. Showing 23 of 26 comments
I reckon kcchongnz will not concur with you as his picks are purely on FA. In fact I have been looking at this counter for a while.
2013-08-05 16:21
I believe in fung shui too, heard of one great story, a chinese emperor, he was a sherperd at his younger days and one day a fung shui master ask him to hang his ancestor bone on a stone dragon head hidden underneath the sea. He hang it on the nose and his own ancestor on the horn, finally he is the emperor and the master son as prime minister.
2013-08-05 21:54
I prefer JTIASA too, bought it at April hold til now.
by the way i also recommend to buy WTK. another Wood + oil palm plantation stock good to take too. also bought it at april hold til now.
2013-08-06 13:11
TAN KW can you provide the analysis of WTK.
WTK 30 largest shareholders mostly are trust association.
2013-08-06 13:12
I buy my second batch at 2.24 after the price crossed 2.23 (new high).
Thank you.
2013-08-19 16:57
Ooi, you mentioned that you bought your second batch of JTiasa, GOB and WTK. What would be the cut loss levels for these stocks respectively ?
2013-08-19 22:22
Hi Mr ooi.
Among JTiasa GOB and WTK, which one which will recommend to buy at this moment and has the most possibility to shoot up?
My bullet is not really much, so I hope to focus on a single counter only. Appreciate your thoughts, thanks.
2013-08-19 22:43
Base on the chart, WTK is the best. Final decision is still yours. I put the most weight on this stock. Thank you.
2013-08-19 22:47
Posted by inwest88 > Aug 19, 2013 10:22 PM | Report Abuse
Ooi, you mentioned that you bought your second batch of JTiasa, GOB and WTK. What would be the cut loss levels for these stocks respectively ?
Ans : My SharesXPert system has a cut loss level i.e. Red arrow to sell. I will not bother to sell if this Red arrow is not out. Thank you.
2013-08-19 22:50
Dear Mr Ooi,
I'm looking to buy CIMB. Can you tell me where is the price support level? It's down 31 sens to 7.59 now.
2013-08-20 11:52
Dear Mr Ooi,
I'm looking to buy CIMB. Can you tell me where is the price support level? It's down 31 sens to 7.59 now.
Ans : It is a down trending stock, I cannot advise you to buy. Thank you.
2013-08-20 12:19
Dear valued members,
Please read this link :
http://klse.i3investor.com/blogs/kianweiaritcles/35212.jsp
Thank you.
Ooi
2013-08-22 07:20
I will avoid op counters due to low cpo prices which is expected to go on for the next few years.M'Sian cpo stocks will start to go up again soon so prices will go down.As it is nowadays it is common to see fruits rotting away due to a glut in production in Indo.& Msia. As the Indo.rupiah drops their cpo will be cheaper.Nobody knows how much stocks they have.If you think Indo.has huge plantations wait till you see the ones in Africa.What about PNG?Here they only replant after 20 years of harvesting due to their lower cost. The problem is overplanting with no new usage.
2013-08-22 08:26
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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....
Ooi Teik Bee
Post removed.Why?
2013-08-05 16:05