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Tuesday, January 10, 2012

Bullish Wednesday

It's been quite some time for me to blog about this. Yeah, I am kinda busy with my work, but today, I found out that there are some stocks are worth to be discussed.

Dow Jones is currently bullish. I expect KLCI is going to do the same too later.

Anyway, here's the stock I am currently monitoring

BIMB: Closed at 1.99 today. Volume is good, and worth a punt. Minor resistance at 2.01 and 2.04. if that breaks, the real resistance awaits at 2.08. If you buy now, I think it's still a good buy. Cut loss at 1.9 and below. RSI : 63, up, MACD signal kissing, undetermined.

MBSB: Closed at 2.02 today. Volume is good, and very likely will go upward. MACD shows buy, RSI is going to touch 70%, buy signal. Everything is good here. Next tp would be 2.17.

IGB: Closed at 2.56, but still up 2 cents. MACD shows it is retracing, momentum falls and RSI is flat at 63%. It still has volume on this stock, I would wait for clearer signal. TP 2.77

KHSB: Closed at 0.485 today.down 2 cents. It spiked up yesterday due to privatization rumour and it's on the news. It's a speculation stock. Worth punting, I don't know. I am not good on this stock.

JCY: Rebounded to 1.17, up 6 cents. Pretty amazing, I would say. Formed a new support at 1.04, so if this breaks, its's going to be a big waterfall. RSI at oversold region and MACD shows red. Retracing likely to happen on these few days.

DIALOG: Gaped up today, down to 2.43,down 3 cents.Pretty normal. RSI shows bearish, MACD shows bearish too. Only for day trading or wait for clearer signal.

REDTONE: Gaped up by 1 cent today, and closed 2 cents up. Pretty good momentum here and volume is huge. Candlestick has break Bollinger Band rules, RSI oversold region. A high risk to enter now. TP 0.37.

TIME: 0.345 closed. up 4.5 cents. If gap up tomorrow, sell. Else hold.

Other stocks to watch. PROTON, VERSATL, BJTOTO, WIJAYA.

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