Thank you for your emails requesting for weekly updates and subscription. Appreciate your feedbacks as well. Apologies for not responding to all your questions and thank you note, specifically on Bright as I am still in the midst of compiling the incoming recipient emails. Just to reiterate, I will structure my posting into weekly update (my overall view of the week) and midweek updates (update of counters only). Many have emailed to ask if I charge for updates/subscription, I would like to state I provide complimentary updates to subscribers for Basic Updates. I will try to respond to your queries to the best of my abilities. Thanks.
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Midweek Update
Contra Picks: KSSC hit my TP RM0.575 on Monday and I sold to take profit. Bright hit my TP RM0.525 on Tuesday and I sticked to my trading plan taking profit at RM0.53. Although there appear to be further uptrend, I always believe in moderation especially for contra plays.
Vis (TP RM0.325) - I made this call yesterday when it was RM0.31 in the Vis forum. It has been uptrending quitely from RM 27.5 sens last week and hovered around RM0.30. Accummulation has been between RM0.30 and RM0.305. In line with the uptrend of tech stocks, I foresaw it may hit RM0.325 provided it breached RM0.31 with substantial volume. Shortly after, it hit my TP and moved further towards to RM0.335. I am of the view that it may trend higher to RM0.35 if the volume persist but as this has surpassed my initial TP, I am riding on profit with trailing stop at RM0.33
Short Term Picks: MPay (TP RM0.33) & Tropicana (TP RM1.26)
Both counters are sideways despite the euphoric the week earlier. Maintain uptrend still intact. Intend to observe for another 2 weeks. Thanks.
Mid Term Picks: HoHup (TP RM1.80) & HoHup-WA (TP RM1.20)
HoHup breached the strong resistance of RM1.50 to hit RM1.54. HoHup-WA moved in tandem. The uptrend subsided with profit taking for those who bought in around RM1.40 level. Maintain uptrend still intact. Will look to buy in more on weakness.
Long Term Picks: Hevea-WB (TP RM2.70)
Hevea's movement was rather subdued in the early portion of the week. This allows opportunity to buy in for those who holds similar long term view as I do. For those who are patient or have limited cash, observe if hevea-WB will breached the strong support of RM2.00 before deciding to buy in.
Food for thought: "Because when families are strong, America is strong"
Hilary Clinton announced her highly anticipated Presidential bid. This proves gender and age is no barrier for those who have dreams and ambition.
May good fortune come your way!
Disclaimer: This is not a recommendation to trade. It is merely the expression of the author's personal opinion and shall not be held responsbile for potential gains or losses executed by readers.
Created by tradeview | Oct 18, 2021
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Please take note - Contra Picks: Vis hit a high of RM0.0.355. I sticked to my contra trade plan and have taken profit at RM0.35. Although the volume appears to be still upwards trending, please remember to set your own trailing stop.
2015-04-15 09:56