http://finance.yahoo.com/echarts?s=5099.KL+Interactive#{"range":"5y","allowChartStacking":true}

1.19 hit. Daily chart shows stock oversold. Need to close at 1.21 or above to prevent further downside.

gap up expected..

Looks like consolidating above 1.48 (200EMA).

It seems to me UEMS is undergoing a consolidation after its recent move above 200EMA. Its prior trend was long term down trend. Its move above its short term EMA in mid-Sept and subsequently above its 200EMA in October, is seen as an indication the trend is slowly changing. On the daily chart, its MACD indicator is exhibiting a bearish divergence when its price is showing higher high and MACD showing lower high. When that happens, it is normal for profit taking to step in especially after it has risen over 70% from its recent low in Aug. Selling may continue for few more days until it is oversold. Looking for support at 1.19 (50EMA rising)

This is just my personal reading on UEMS chart. Not an indication to buy or sell.

may hit 1.34

May see a rebound towards RM2.2.

agree. so long as fundamentals are intact, price will eventually move up.

the 50% level is almost hit.

u can use the fib retracement to calculate possible pull back price level for your entry.

still waiting patiently for my entry...

dropping back to 1.53

opportunity may present itself in a day or two. Lets wait and see....

CIMB target for ALAM is RM2.0 not RM1.51 as shown above.

Alam is still good. Waiting to enter again.

TQ. Expecting a slight pull back. Now waiting for MACD cross over.

I am. sold mine @1.58. Bought @1.51 yesterday.

profit taking time

bullish candle?

Alam may test 1.40 again.

18 contract queued rather than 18 individuals.

It wont help, if you keep thinking the market is manipulative. In Alam's case, its price movement for the past 3 weeks has indicated a potential pull back. After all if price doesnt go up it must come down. It is that simple.

it all depends on whether you are a trader or an investor. An investor or a smart trader will see the drop as an opportunity.

It is normal in share market.

BNM has nothing to do with share market. SC is the 1 you should write to.

Clearly Alam's trend is changing. It will stand to benefit from:

22 October 2012

Oil & Gas: Capex for offshore oil, gas jobs to hit RM176bn
Projects in offshore Malaysia are forecast to see the largest capex in Asia, at more than RM176bn over the next 5 years, ahead of China and India, according to a recent market report. The Regional Perspectives Offshore Asia Oil and Gas Market Report to 2015 predicts that deepwater developments in Malaysia will continue to gather pace, with 84 fixed platform units and eight floating production units to be installed between 2011 and 2015. During the same period, the country is expected to spend some RM23bn on 2,490km of pipelines, ranking Malaysia first in Asia's pipeline market. (Business Times)

lullaby: as long as the stock you are holding has fundamental, even though it is on a downtrend now, it will sure come back up again.

As for JCY, I could see at least 2 such opportunities.

1. sell @1.29 (break below 1.3 with high volume) buy back @1.07 on 23 Aug. A gain of 22 sen.

2. sell @1.02 buy back 92. A gain of 10 sen

if your average cost was 1.5, with these 2 trades, you are lowering your average cost to 1.18.

going forward, should the sentiment improve and the price rebound to 1.25, you may then exit with a slight profit.

Needless to say, such method works best for stocks with fundamental. As such I always avoid stocks which are fundamental lacking.

Having said, still it is better to have a trading plan before enter into a trade.

1688: It has nothing to do with priviledge.

If you have 10,000 shares of JCY which you bought at much higher price. On 5 Sep, say you sold off @1.02 (can you sell what you have?) then later you bought back 10,000 shares @0.92 (definitely ok). Your account will still refelcts 10,000 shares. However, an intra-day transaction (check with your remisier see if you can do intra-day) will be reflected in your account with a gain of 1k (i obmit charges for simplicity purpose).

the question remains why sell @1.02? why buy back @0.92 and not lower?

EmoTrader: It is not a matter of who wins. We are swimming in a pool full of sharks. There are certain sets of trading skills we need to acquire in order to swim along them.

EmoTrader: in fact I am imparting a very important trading skill. you really need to think outside the box to figure it out.

sell high buy low on a same day is consider day trading and enjoy a much lower intra-day brokerage.

andy118: Technically, short sell means "Sell at a higher price, buy back at a lower price". In Malaysia, rules change a little bit. If you don have the stock, you need to borrow then short. If you have the stock, why cant you sell 1st then buy back later?

As far as the IBs are concerned, do you think they need to borrow?

The key here is to identify where the market is going. A perfect scenario to short is 5 sep when the price broke below 1.03 ( sell down will continue) with big volume.

make sense?

EmoTrader: Think man. You need to think hard. Real world is different from textbook.

Posted by rookiemy > Sep 7, 2012 06:47 PM X

ymj1016: as things are happening very fast for jcy, you need a trading plan before you enter a trade. If you are trapped at a higher price, one way to lower your cost is dispose yours @1.02 and bought back around 0.92, you are effectively lowering your cost by 1k per lot.

what you know is from textbook. Practically, I can borrow from myself and short. Later buy back at a much lower price.

You can short as long as you have the stock on hand. who say retailer can't?

I thought someone mentioned trend is friend! JCY's down trend not a friend? What a contradictory statement....

jacklintan: how you justify support @1500?

At times, those views can be noisy. By the way, more downside is expected if FBMKLCI dun climb back above 1630.

ymj1016: as things are happening very fast for jcy, you need a trading plan before you enter a trade. If you are trapped at a higher price, one way to lower your cost is dispose yours @1.02 and bought back around 0.92, you are effectively lowering your cost by 1k per lot.

The weekly as well as monthly charts, if read together can provide a better picture than looking at daily chart alone. Use this weekend to review your strategy on JCY. You may not want to trade JCY again, but it can be an excellent case study for self learning purpose.

ymj1016: JCY is by far my favorite counter due to its volatility. Be it up or down, opportunities to make money always there. So far TA principles still hold very well for this counter. You may want to re-think your strategy.

Frankly, I don't see any relevancy these reports have in connection to current JCY's share price movement. Market, in general, is more interested in how JCY going to fare in the coming quarters now that the effect of last year Thai flood has subsided. SSD or HDD, that is for the expert to decide. I will base my trading decision according to how market reacts in the up and coming weeks.

@kkbee JCY may be due for a technical rebound. Entry at this level should be for a rebound play, not for buy and hold. If you wan to enter at present level, you must have an idea of your own rebound target and cut loss level in case market turns against you.

On a weekly basis, JCY need to trade above 1.2 to avoid further downside. Failure to trade above 1.2 over next few weeks may see JCY sliding further. Hope this helps.

LOL. Still got so many ppl lingering around here! Witnessing the death of JCY or hoping to catch a ride during rebound?

LOL, PureBull I never heard of "buy at the bottom and sell at the top". But I do hear "buy low... sell high" though.

@Ooi, an interesting comment you make there. What is your time horizon for buying JCY-HA?

@Mat : Totally agree with you on "..when most people are fearful and selling..." especially when a counter have fundamental.

I have seen penny counters dropping like hell, but without fundamental, I simply wouldn't bother making a trade.

Mat: Nothing wrong to take profit @1.17. Normally for rebound trades, I will exit either T1 or T2 when opportunity presents. Good on you.

LOL. All seems very happy... ^_^

^_^

I believe they are leveraging down.