Hmm...
DJI now freaking red...
DROP more than 200 points...
I think tomorrow MAS will be red too~

---

Added on June 2, 2011, 9:24 amHmm...
Seeing MAS going up despite a red day, makes me feel wasted because didn't enter at RM1.3X...
But when the price was RM1.3X, no guts to enter then~
Haha...

This post has been edited by t5t: Jun 2 2011, 09:24 AM

Congrats to you...
^^

The price seems not to move much and EPF is still dumping~
I will continue to observe!
I am considering YTLPOWR now because EPF starts acquiring the shares already!

MALAYSIA Airlines has been on the slide the past several years.

After peaking out at RM4.64 on Oct 3, 2007, it reversed slightly due to an apparent profit-taking activity. The breather was necessary at this stage due to an overbought reason but what was seen as a typical correction process turned ugly later, as continuous liquidation pressure dampened sentiment, thus pulling prices to a low of RM1.34 in late May this year, the worst since April 1999.

Thereafter, they drifted sideways on bargain hunting interest offsetting selling which saw the shares ending up four sen to RM1.43 yesterday.

Based on the daily bar chart, it looks like this blue chip counter have found the bottom after a long bearish phase. Perhaps, investors can consider accumulating some shares now.

The oscillator per cent K and the oscillator per cent D of the daily slow-stochastic momentum index were seen inching up gradually from the grossly oversold area after triggering a short-term buy yesterday. Similarly, the 14-day relative strength index improved moderately from a reading of 26 to settle at the 55 points level yesterday.

The daily moving average convergence/divergence histogram kept expanding upward against the daily signal line to retain the positive note. It had issued a buy a week ago. Technically, indicators suggest a steadier trend in the short term.

Initial resistance is expected at the 50-day simple moving average (SMA) of RM1.66, followed by the 100-day SMA of RM1.80. A push above the next upper hurdle of RM2 mark, which is the 200-day SMA, would give investors the confirmation of a bullish turnaround.

Trailing exit is pegged at the recent lows of RM1.34.

Source: http://biz.thestar.com.my/news/story.asp?f...94&sec=business

This post has been edited by t5t: Jun 18 2011, 03:38 PM

Did you enter at RM1.3X or RM1.4X previously, rosdi1?
I didn't... No guts... Lol...

Hmm... You seem to be very optimistic!
Great~
If it goes down, I will enter...
Lol... But if it continue to go up, then I will just watch...

The price is going down now... Market in red...

Hmm... I am waiting for RM1.3X...
But I am not sure if it will reach that price...
I'll just be patient...

Good luck...
^^

Highest yesterday RM1.89...
Today will fall from RM1.72 as DJI is going down now...
I think we should wait for cheaper price...
^^

Hi!
How do you know?

Hopefully it will rebound on Monday...
^^

Hmm... I invest for long term investment...
So, I wouldn't sell for just few cents profit...
I hope the expiry date for your cb is still long and good luck to you...
^^

Tomorrow MAS drop already...
Be prepared!

Research house has called for "technical sell" on MAS...
I am hoping and waiting for it to rebound to RM2...
^^"
But if the EU and US debt worsen, then I think all market will continue to fall, and of course, MAS will fall quite badly too!