MK Land Holdings (MKL MK) Technical BUY with +12.1% potential return Last price : RM0.535 Target Price : RM0.560, RM0.600 Support : RM0.485 Stop-loss: RM0.480 BUY with a target price of RM0.600 with stoploss below RM0.480. Following a correction from the high of RM0.560, MKL has rebounded off the rising trend line and formed a series of higher highs and higher lows in the last 5 weeks. Yesterday’s share price surge coupled with a higher trading volume of 17.6m shares (vs 20-day average of 3.4m) further reinforce our view of the share price retesting the immediate resistance of RM0.56. With the share price rising steadily above both the 10- and 21-day SMA lines, we expect the share price to break out above RM0.56 and extend its upward climb to the 1.38x Fibonacci extension level of RM0.600 in the medium term. Expected Timeframe: 2 weeks to 2 months
I bet he wont rest just like that, judging by his previous pattern, he will dump all the way until the financial result announced in end August ! Remember that he still holding 200 miliions share, I think this joker doesn't care whether profit or not, he just wanted to frustrate Mustapha ! If he serious about keeping profit, he would have sold to other big player by blocks, not dumping in open market !! have you thought of that ?
Lewis hasn't a clue what he is talking about and is frustrated because he lost money on this stock previously. He is desperate to talk it down. He missed the boat again. Hold into next month for further gains. Collect on any dip if possible.
DaitoRyu, when Kasi start dumping share all the way down from tomorrow onwards until end August, let's see who is more frustrated ! Go and check carefully all the past 3 years Bursa announcement on this company and use your brain and think !
Ok both of u dun argue anymore...Let there be peace!!! From the way i see it it won't rise any further if Kasi keeps dumping nor will it fall below 0.50 cts...if u ve holding power then u will be rewarded...Dun forget if Mkland manage to sell its land in setiawangsa it will bring in nearly 100 million cashflow tat could do wonders to its share price and dividend...tis company if it is not profitable also i am not worried as it is backed by its huge landbank assets and its property asset such as Bukit Merah Resort, Langkawi Blue Lagoon, and Taiping Golf club...All these lend support to its share price...Just imagine IF one day Mustapha plans to take MK private then it is jackpot...Anyhow i am more happy if it goes down as i can accumulate more at cheaper price...What lies underneath MKLAND is a huge Godzilla tat is still wounded but when it is fully recovered, i will rise and ride on top of the Godzilla to rule the world....By tat time it is already touching 1.00...it is too late to be regret!
Yes, PEACE , Chinese saying "和氣生財" ... Peaceful air grow money ! Nothing personal, all about business ! we just want sharing of info , knowledges & analysis, so all minority shareholders can make money and not to be slaughtered by the big shots ! Thanks for contribution from nemesis. Anyway, today they announced resignation of secretary, any red flag ? Or normal ?
well i dun think it spells any troubles secretary comes and goes...The only thing u sud worry is when Tan Sri Mustapha starts disposing his stake in Mkland...If tat happens never think twice to run for your life and sell all ur holdings in Mkland...
haha! ok ... Usually, the road block(s) determine the max price of the day .. there are 3 layers block today .535, 0.54 and 0.545, unless there is a fund pipe shoot down all .. haha!
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....
johnny cash
6,400 posts
Posted by johnny cash > 2014-07-31 13:03 | Report Abuse
MK Land Holdings (MKL MK)
Technical BUY with +12.1% potential return
Last price : RM0.535
Target Price : RM0.560, RM0.600
Support : RM0.485
Stop-loss: RM0.480
BUY with a target price of RM0.600 with stoploss
below RM0.480. Following a correction
from the high of RM0.560, MKL has rebounded
off the rising trend line and formed a series of
higher highs and higher lows in the last 5
weeks. Yesterday’s share price surge coupled
with a higher trading volume of 17.6m shares
(vs 20-day average of 3.4m) further reinforce
our view of the share price retesting the
immediate resistance of RM0.56. With the
share price rising steadily above both the 10-
and 21-day SMA lines, we expect the share
price to break out above RM0.56 and extend
its upward climb to the 1.38x Fibonacci
extension level of RM0.600 in the medium
term.
Expected Timeframe: 2 weeks to 2 months