Mieco .... How Far Up ?

Since the news about the company reported on The Edge last weekend, the stock
price has been rallied strongly.

The biggest rally was dated on 12 Aug with total number of shares transacted at
22.9 millions. And the stock price gained 29.5% within a single day.

It will be an interesting event to watch these stock in the coming days with
the latest news about the possibility of takeover.

The stock price may rally to take out new high for 2010, or correction is around
the corner.

Time will reveals the truth.

HAI-O .... Change of Fortune ?

On 10 Aug, sign of reversal appeared.

RM3.33 level an important to watch out going forward.
As long as the closing price does not fall below it, there is a potential
of price recovery in the making.

Immediate support level at RM2.90 to RM3.00.
If closing price falls below these support level may lead to further selling pressure.

The Return of BJCorp ?

Since April, the stock has been trending downward.
With the scrapping of sports betting, the event further depressed it.

Last 2 weeks there are some interesting activities going on.
The stock tried to rally on end of July but failed to succeed.
It's achieved high of RM1.13 then retreated.

Once again, the stock quietly moving uptrend since last Friday.
RSI showed the stock has moved away from oversold region.

An interesting event ahead if the stock breaks above RM1.15.

Strong support level at RM0.92 to RM0.96.

HSL - Correction ?

Since early July, the stock rebounded from RM1.36 to reach RM1.64 on 9 Aug.
Approximately 20% gain in stock price.

Lately, some weakness seen at the current stock price level after taking out
the previous high RM1.59 on 29 March.

Immediate support level at RM1.50 to RM1.53.

Gamuda - Hit the top ?

The stock has been ranging between RM3.24 to RM3.36 since 12 July.
As the price the moves higher, the volume transacted also decreases.

Keep an eye on the stock movement if you are still holding it.
Make sure stop-loss been set in case there is price reverse downward.

Immediate support level around RM3.18 to RM3.26.

JCY - Price continue to drop !!!

JCY's immediate support level RM1.23 broke today's trading hour.
Another HDD component manufacturer, Notion also encountered similar fate.
Besides the concern of slowdown on US consumer demand, the weakness of USD
also contribute to it.

On overall, the HDD component manufacturers are anticipated to be bearish
for near future and stock's price recovery will take some time until USD
stabilise and some recovery been seen at US consumer market.

HAI-O ..... Losing Steam ?

The stock has not been doing well lately after the following event :
1. Dividend 10% in the month of Feb 2010
2. Bonus issue (1 share for every 5 shares) and share split 2:1 in the following
month March 2010.

Since end of March 2010, the stock been trending downward.
RSI showed the stock reached oversold region (short term) as of 6 Aug 2010.
Possible trend reversal if it push through RM3.60.

Immediate support level RM2.90 to RM3.00 based on 6 Aug 2010 closing price.
Anticipate further downward/heavy selling pressure if the price breaks these level.

JCY

The stock has been moving downtrend since 15 July.

Today's The Star Business section reported that most of the hard disk drive (HDD) components manufacturers listed on Bursa Malaysia extended their downtrend. This is due to disappointing data released in United States on the concern of slower demand.

Currently, JCY has been moving sideway since Monday (2 Aug).
Immediate support level at RM1.23.
Immediate resistance level at RM1.31.
RSI indicates the stock has been oversold.

Strong buy-in breaking immediate resistance level needed to support rally momentum.