Congrats to everybody

Not conclusive because palm oil stocks had a terrible bad hair day and the index was saved by strength in telco stocks and Tenaga.
The two CW that I thought was interesting was V and W but look at the trades done today.
I wouldn't even know how to buy in these 2 CWs.
It would be interesting if Tenaga could break it's last year highs.
Lots of legroom after that.

Edwin, I dunno what stock this is.

next resistance RM7.2

nice observation on CW... but i prefer the single one

that's all I can say... entry price and TP... look see look see yourself

I thought you would since the other one's DEAD line is close.

Point about resistance.
Resistances and also supports are always there to be broken.
No supports and resistances lasts forever.
Correct ah?

Tenaga is a Technical Stocks, but it will shakeout Technical Player.

Tenaga affect by news banyak, you have to look at the Coal Price.. Management and a lot lot of things...

my TA sifu spent a lot lot lot of times and efforts on this counter...

this counter is more than TA & FA... but CW the most you can earn is around 2-3bids... if really bull market can only make you 6bids...

ohh what am I talking...

LOL!

Don't worry, I understand what you are talking about and I think your points have its merits.
Hehe but what are the current news saying?
Aiseh, I am sounding like hard selling this counter when I don't even own any shares.

Here's some news to consider.
Coal prices. Are they up or down? I think they are down.
Tenaga earnings always have forex issues because they borrow a trunkload of May Kum.
May Kum today not as geng jor.
It's around 3.06 and at such rates, Tenaga will be boosted by forex gains.

rEDTONE

SYF



This counter was a hot profitable counter which soars all the way from 0.44 to 0.83 within 2 months.. which is about 90% profit. Since at the top we are eyeing whether will be the next higher high be..




Indicators
1 ) Trendline - Broke Below the bullish trendline (Bearish)
2) Support/Resistance - If tomorrow rebound with a white candle will indicate a higher low which is bullish
3) MACD -we encounter 4R1G signal. If tomorrow a white candle after a hammer support will high chances show a 4R1G signal
4) RSI - Retracing toward 30% (Bearish) .If white candle there is chances of reversal sign
5) STO - At Oversold mode (Bearish)..If white candle there is chances of reversal sign
6) Ichimoku - a) Above support cloud (Bullish).
b) Conversion line above the base line (Bullish).
c) Price below the baseline ( Bearish)
7) Candlestick -weak hammer when touch the 0.64 ( Bullish). Waiting for confirmation bull attack

Conclusion:
Bearish - Still in bearish mode because we are not sure that this weak hammer is able to support the bearish force.. The previous higher low was at 0.615 and if it is able to rebound above this support line it will show that is it a higher low and it will show it is a strong bullish pattern


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)


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

why they want to use other country currencies ?

what cause their shares drop so much last time?

and how much the total compensation government gave them? October got give another RM1billion or not?

Ujian ah?

1. They borrowed in USD loh. Why? Err ... no idea.
2. What cause their shares dop so much last time? Which last time your ralking about?
3. Not sure.

Pass ah?

aiya... just let the discussion more fun mah

they borrow to buy Coal, the cost caused them a lot of debt.

err.. drop until 5something if not mistaken.. lazy check...

october got pay RM1 or 2billion compensation from government..

Looks like Funds are re locating their assets from Plantations to Telcos.

indicating a much more defensive play?

Plantation stocks are favorite stocks of Foreign Fund..

is that a sign of Foreign Fund is doing something behind the market?

Why you know that some funds are into Telcos from Plantation ah sky gor?

credit goes to : Mr Khalid ( KLSE Technical Analysis Group )

Telcos offer good free cashflows like reits.

They can pay from 50 up to 90% dividends despite they need loans for capex.

Frankly reits are in debts too , even worse surviving on short term borrowings /rollings.

---

Added on October 3, 2012, 11:31 pmGuessing only.

But Telcos up for a few days odeli .

Demands for smartphones are damn good throughout the world like we are having good economic times.

Some more, Govt got gives rm 200 to buy smart phones

This post has been edited by SKY 1809: Oct 3 2012, 11:36 PM

yea.. because having a nice phone is like u r rich people mah ! opps.. too bad I am poor..

why not look at SKpetro wor?

SKP looks ok, not bad, decent but are you sure you are comfortable playing such a setup??

Edwin, you do know I was pulling your legs longer.

fyi redtone caught my attention on 21st Sep. Post#99. http://forum.lowyat.net/index.php?showtopi...80&p=54778466&#