My Favorites to Watch Out This Week

It is Monday. I have been waiting for the day to come after two days break. Thanks to the Most Gracious, it was a very good start for the week indeed to see my picks starting to bear fruits. :)

Okay, these are my favorites to watch out this week:

1. ENG (8826): it has been rough few weeks for this counter when they hit the rock bottom at 1.47. don't panic though, all indicators are leading towards bullish break ahead. stochastic indicate BUY, it is already on the oversold region, above the MA, it is just to good to ignore them. volume is picking up. this morning they bounced back to 1.65 before settled down at 1.60 at mid-day break. still got time to buy. anything below 1.60 is always deemed good.

2. Tebrau (1589): this counter has been consolidating in the region of .70 - .72 and has been unable to break through the resistance of .75. all indicators are positive that this counter - MACD trade at + region, bullish crossing had been formed, stochastic %K been trigger buy call (quoted from http://www.stocktalk2u.com/  p/s: thanks Quah, i agree with you). let's watch them closely. keep the finger cross for good results to be announced by mid-November.


3. Bornoil (7036): okay, few predicts that they will hit .50 by end of this week. i won't say much on this. slightly risky as it is in the region of overbought (RSI >70). but who knows? when i wrote about hibiscus last week, they still went up even they were heavily overbought. and maybe the pundits are right.


all the best to you. happy trading.


:) rogue trader

Happy Profit Hunting

Good day everyone.
Positive new from euro, market sentiment is very positive everywhere.
Can't spend much time updating blog today.
Time to focus, hit and run.
Happy hunting.
:) rogue trader

Hibiscus: On the rise

I bought the IPO @ 0.75 two months back and it slid more than 25% on its debut week. Being the one and only SPAC (special purpose acquisition company) in the region, skepticism is inevitable among the adverse risk investors. The company literally did not have any products but nevertheless, got listed and RM 235mil were raised through IPO.

Okay, I have to admit that I got no other choice but to keep my faith on this counter (I invested quite some amount of money on them :P). Slow and steady, Hibiscus were consolidated around 0.53-0.58 until last week. Finally, a breakthrough in their first acquisition with Lime Petroleum, an exploration company based in middle east. Since then, Hibiscus had seen a rise of more than 25% with heavy trading. (you may refer to http://biz.thestar.com.my/news/story.asp?file=/2011/10/27/business/9771654&sec=business or announcement on Bursa Malaysia @ http://www.bursamalaysia.com/website/bm/listed_companies/company_announcements/announcements/index.jsp)

I would say the prospect is there and Hibiscus is playing it smart by not speculating on the amount of oil reserve under the concession of Lime Petroleum Ltd.

Let's see. I believe it will fly. May lady luck smile on Hibiscus.

:) rogue trader

Welcome note

dear reader,
welcome to my blog. i had finally decided to start blogging. i am expecting to expand my networks via this blog. i will be writing and updating on stocks, share markets and other relevant activities.
sharing is caring. always feel free to drop your views and comments.
let's make money together.
:) rogue trader