QUOTE(chyaw @ Oct 15 2009, 02:13 PM)
I never heard of Weida before...

except lately from you guys, but I didn't look into it...
I've no idea what they do or their financial performance...
i think MBB daily technical view got weida yesterday and today....
Weida (M) Bhd (WEIDA) manufactures and trades high-density polyethylene (HDPE) engineering products
and constructs water supply and other specialized systems using HDPE products. It also provides project
management and trades HDPE septic tanks and installation services.
WEIDA made a recent high on a firm Wave 5 move yesterday to RM0.80. Its very strong uptrend bias is
well-supported by its 18 and 40-SMAs. Positive crossovers of its chart indicators (like CCI, DMI, MACD and
Oscillator) support our firm view that WEIDA will surge beyond the previous resistance levels of RM0.85 &
0.95.
ACCUMULATE (TECHNICAL) WEIDA on dips with firm supports at RM0.69 and RM0.80, and excellent
potential for it to hit our upside target areas of RM0.89 and RM1.05 in the long term. Stop loss is at RM0.67.
(copy paste from today's technical view)