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
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