June 23, 2014


Stock Type : Mamak stock.

Technical.
1. Breakout Play.
2. Resistance - 0.195
3. MACD - Bearish
4. RSI - Bullish, but heading bearish.
5. Stochastic - Neutral

Fundamental.
1. Market Cap - 189m
2. DY - nil
3. PE - -12.79

Trend.
Short Term - Uptrend
Mid Term - Uptrend
Long Term - Sideways
Volatility - High
Strategy: I don't usually chart penny stock, because penny stock is easily manipulated, thus technical analysis is very ineffective. However, like it or not, there is a potential gain of up to 25% if the price breaks at 0.195. Punting this stock may give you a slight advantage as the momentum of uptrend is still good, and above 20 days moving average. Entering 0.19 will be very risky. Perhaps we should wait until 0.195 becomes support. Buy at 0.20 cut loss at 0.19. Take half profit at 0.22 should there is a strong momentum.

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