47 MAS-CG 3786CG 150,000,000 149,045,500 99.36%

apa cakap?

This counter Scomi has been in the Top 10 Counter more than a week due to IJM buying 20% of their stock . This proof that Scomi Business Profit or Business Concept have been inside the IJM investment radar.

Lets check the Stock Analysis Chart for SCOMI on 8 October 2012.




Indicators
1 ) Trendline - Above the bullish trendline (Bullish)
2) Support/Resistance - formed higher high and higher low (Bullish)
3) MACD - Formed 4R1G(Bullish)
4) RSI - Incline and testing 70% (Slightly Bullish). If break above 70% it will be bullish
5) STO - Formed Bullish crossover in the overbought zone (Slightly Bullish).
6) Ichimoku - a) Above support cloud (Bullish).
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick - Formed a Bullish Engulfing ( Bullish)

Conclusion:
Bullish

E ( Entry) : 0.4( Ensure closed at or above it)
S ( Stop Loss) : 0.35
P ( Profit) :0.43
RRR (Risk to Reward Ratio) = 0.6 ( Risky)


E ( Entry) : 0.4( Ensure closed at or above it)
S ( Stop Loss) : 0.35
P ( Profit) :0.45
RRR (Risk to Reward Ratio) = 1( Average)

E ( Entry) : 0.4( Ensure closed at or above it)
S ( Stop Loss) : 0.35
P ( Profit) :0.47
RRR (Risk to Reward Ratio) = 0.86 ( Slightly Rewarding)

Next Resistance at 0.43/ 0.455 / 0.48 / 0.5 / 0.55 ( Bullish Pennant TP)
Support at 0.4/0.35 / 0.32 / 0.3 / 0.28

Will SYF Pattern Dream come true.


As mention on the previous post on 5 October that it shows a similiar pattern that after a Doji it will formed a black candle with low volume ( PROFIT TAKING) . Tommorow there might a chance to go up a big white candle..





Indicators
1) Trendline - Broke above the down trendline (Bullish)
2) Support/Resistance - Formed higher low (Bullish)
3) MACD -4R3G (Bullish)
4) RSI - Retracing toward 30% (Bearish) .If white candle there is chances of reversal sign
5) STO - Bullish Crossover and broke above 20% (Bullish).
6) Ichimoku - a) Above support cloud (Bullish).
b) Conversion line below the base line (Bearish).
c) Price above the baseline ( Bullish)
7) Candlestick - Doji Star Formed with a black candle. ( Bearish).
8) Volume Distribution - Small Selling Pressure is stronger ( Bearish).







9 ) Company Performance - Earning Report getting better and better no wonder many investors are eyeing on this counter



Conclusion:
Bullish -

According to the pattern on 16 August.. It went up pretty high a day before and pause for a while with high volume and follow with a black candle with low volume ( Profit Taking ) and then went started to go up since 22 August from 0.54 to 0.83..


Previous Call on 3 October
E ( Entry) : 0.67 ( Closed at or above it)
S ( Stop Loss) : 0.62
P ( Profit) :0.735
RRR (Risk to Reward Ratio) = 1.3 (Average)

E ( Entry) : 0.67 ( Closed at or above it)
S ( Stop Loss) : 0.62
P ( Profit) :0.82
RRR (Risk to Reward Ratio) = 3(Rewarding)

E ( Entry) : 0.67 ( Closed at or above it)
S ( Stop Loss) : 0.62
P ( Profit) :0.86
RRR (Risk to Reward Ratio) = 3.8 (HIghly Rewarding)


Buy Call for 9 October
E ( Entry) : 0.755 ( Closed at or above it)
S ( Stop Loss) : 0.67
P ( Profit) :0.82
RRR (Risk to Reward Ratio) = 1 (Average)

For more risk n higher reward
E ( Entry) : 0.72 ( Closed at or above it)
S ( Stop Loss) : 0.67
P ( Profit) :0.82
RRR (Risk to Reward Ratio) = 2 (Good )


Next Resistance at 0.68 / 0.75 / 0.83 / 0.877
Support at 0.635 / 0.615 / 0.59 / 0.53

Edwin, great work as usual but a couple of comments.
Yesterday movement was bad with SYF closing at 70 sen.
With such a closing, I feel there's an equal chance the stock could go up or down.
Yeah, this is where some would say, them traders with all the technicial analysis, have not much idea what they are talking about.
I would just call this as a no-trade.
I agree with you that waiting for the 0.755 sen is ideal recommendation given current circumstances.
Yes, one is buying at a much higher price and this is where those with some 'cheap' mindset would be confused.
If the stock is going higher, why don't I buy now?
Well if one buys now, with yesterday's movement, there's an equal strong chance that the stock could retest its recent low of 64 sen, and if that 64 sen low doesn't hold, what's the next level?
By buying at 75.5 sen, one at least knows that the stock is moving in the right direction to test and maybe break its recent high. Yes, this is where I think the next set of exciting action will be at.
Buying now is early and it's premature. Stock might not even reach the action point and might stall and gostan to test the recent lows.
Yes, I agree that 75.5 sen is ideal price to go in.

Company Performance - Earning Report getting better and better no wonder many investors are eyeing on this counter
Yes, company earnings performance has improved a lot but I seriously doubt this is the reason, its EPS is really small compared to current prices.
Main reason was Clement Hii of SEGi has been buying a substantial stake in this company joining his old time kaki.
Goog news links: SYF
Yesterday Hii announced he bought another 1.83% in SYF. ( http://www.theedgemalaysia.com/business-ne...ake-in-syf.html



Edwin, note Hii's buying of shares on Oct 4. Isn't that a nice candle on the 4th?

This post has been edited by Boon3: Oct 9 2012, 08:40 AM

8th wonder of the world is our Malaysia Market..

Err... why, what and how?

TP short 1 point.. close trading window and no eye see

Jz a noob Q. Ingens change to new glamor name? Seems like Q-ing up. Bullish soon?

Hard to short the market... In fact... KLCI is now as bullish as STI (s'pore index) is in the past 1 month.

Bijan must have deliberately pulled down the market pre-budget

New name is Ingenuity Consolidated Bhd.
Does this sound glamor?
Why bother with such a stock?
Awful stench from what has happened.

For me it's jz a new toilet to shit. Lol. Same com jz slight rebranding lol. No share is bad share as long we enter at right timing. Nw I don't see it is going worst any soon. Well penny stocks are shit anyway lol

Man Best Friend - Man At work ..........

Work harder and climb higher

This post has been edited by SKY 1809: Oct 9 2012, 10:19 AM

Any share that makes money for us is surely damn good.
Having said that, we need to know better ourselves.
Certain shares are really mean for the the toilet and be flushed away permanently.

Meduf, seems like you are a futures player.
No stocks for you?

Boss ok ah?

Ok now into bunker

People say better not to trade too often

Which idiot said that?

Trade is taxable ler ...........Business like

he is big kaki ..

so when you want join us?

maybank buy call MAS

This post has been edited by kueyteowlou: Oct 9 2012, 11:50 AM