yeah 2 articles and long ones too on the same day - wonder if Star got shares in Mudatidor? maybe should rethink my position and buy back some that I sold last week since div also coming hehe
Mudajaya needs Tabung Haji to start buying again and create some momentum. But these fellows have been quiet of late and no other funds seem interested. However, Mudajaya comes with attractive valuations for the fundamentalist and, despite being exasperated at times, I'm going to be patient with this particular counter.
Interesting development today. If you look at the TPs, the most pessimistic IB is OSK, which always issue a "Hold" call with a 2.85-2.88 TP. But today OSK has upgraded Mudajaya to a "Buy" with a 3.13 TP. The darkest cloud hanging over Mudajaya i.e. concerning its coal supply for the power station in India appears to be dissipating. http://klse.i3investor.com/servlets/ptres/12677.jsp
Rather positive buying today. Volume is still on the low side but there's an encouraging improvement. This counter needs traders to come in again before it flies. Let's see how it goes tomorrow; of whether the uptrend is confirmed.
That's how I interpret the technical charts too. It has closed above its 50- and 100-day moving average and RSI is at 70%. Steadily increasing volume over the past three trading days. It now needs to move convincingly past 2.70.
ya, i also very hairan. some fund try to push price lower so that they can collect at low price, but the problem is they can't collect high volume. really sikit sikit jadi bukit??
Mudajaya seems to have come back to life after last week's uptrend petered out. Can only hope this will be sustained in the coming trading sessions. It has been quiet for so long - longing for Mudajaya to break past 2.80 again.
For an institutional buyer, all those lots from 2.69 to 2.73 can be easily swept clear if it really wants to. That should bring back the retail players. Really, really hope this time the uptrend is for real. Most of the other quality counters have already gone up - I feel Mudajaya is still grossly undervalued.
2013 should be mudajaya's year. Depending how fast they can complete the first phase of their IPP. In saying so, have to bear in mind of India's politics and their election this year. There were district level opposition to mudajaya's entry before supported by opposition.
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....
yfchong
5,883 posts
Posted by yfchong > 2012-11-28 22:35 | Report Abuse
Now becomes muda-active, until then..............