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Friday, 30 March 2012

PAN MALAYSIA having Appreciation

I just gone through with Pan Malaysia counter, and found some interesting movement.
3 Counters of PM are PMCAP, PMCORP and PMHLDG.

These 3 counters seem to appreciate over time.

see the weekly chart of these 3counters.
from early year 2012, average of appreciation is about 28%.



Lets see 1 by 1

PMCAP

Max Price target : 0.13
Min Price target : 0.12
Support : 0.09


  1. ADX showing more to come
  2. CCI showing drop, price will linger around 0.09 before slowly go up
  3. MACD, Stoch and Wm%R going down. Good time to buy at low.
  4. OBV remain high and going to be higher.
PMCORP


Max Price target : 0.13
Min Price Target : 0.12
Support : 0.095

  1. CCI, MACD, Stoch & Wm%R are going down. Time to que and get at support price.
PMHLDG

Max Price target : 0.095
Min Price target : 0.085
Support : 0.065 or 0.07


  1.  CCI, MACD, Stoch & Wm%R are going down. Time to que and get at support price.

Time frame for these 3 counter is in early May. Have another 1 month to accumulate and prepare trading plan.
Anyway, this is just a technical point of view. Everything can change and will depend on sentiment, company news. Hopefully there are something good hidden that we don't know based on the appreciation on the counters.

Please don't blindly follow and do homework. I wont responsible for your trading action.





5 comments:

  1. Replies
    1. If looking at PMIND move, is not appreciate but stagnant..
      and there is take over.. if not mistaken price is 0.045, then adjust to 0.05..
      keep play goreng up n down.. yet still got people bought..

      Delete
  2. Berid,

    as per today, how is PMhldg?

    ReplyDelete
    Replies
    1. this stock i can consider as penny.. i can ensure you that this stock soon will go up.. judge based on OBV which level still high.. We will wait n see to believe.. =D
      i cant tell you when, because i am not the mastermind... =D

      Delete