Day Trade for 23rd May

Today market was still cautious.
Volume was better than yesterday (a bit only)
However, I am glad that almost all my counters manage to reach target and some went far beyond the target.

Lets recap today counters.


1. BURSA = managed to moved more than 6.40. After that weakened. This counter is more to mid term. Still at good price to enter.

2. SIME = Volume high transacted today. Very positive. I am expecting more upside and more to mid term.

3. POS = Disappointed today. failed to break cloud resistance. Is that it? 

4. PERISAI = Failed to meet target. However, counters still in good condition to move upside. I will still keep the target of reaching 0.905 before breaking cloud resistance at 0.92.

5. SMI = Hardly to move today due to sell pressure at 0.27. Today volume was traded more than 26% of total share which means higher than yesterday and the price was not moving much. Probably distribution happened at 0.27. Hope it will not be like CBSA where it dropped after huge changing at 0.45 in last 2weeks.

6. TWSPLNT  (Target = RM5.35 / RM5.49)
    Reached  target at RM5.35.

7. WINGTM (Target = RM1.84 / RM1.89)
    Successfully reached and went far higher to RM2.07.

8. THPLANT (Target = RM2.46 / RM2.52)
    Reached the target and went further top RM2.49 before closing at target price.

9. MPHB (Target = RM2.84 / RM2.86)
    Reached target and went beyond it to RM2.92.

10. MAYBULK (Target = RM1.64 / RM1.70)
      Reached in early morning by top at RM1.65. After that, weakened.

11. CRESBLD (Target = RM1.10 / RM1.15)
      Reached target and even went higher to RM1.14.

12. BIMB = Managed to spot on at RM2.40 and went top to RM2.45.

Tomorrow Day trade list.

1. PADINI
    Target = RM1.75 / RM1.78

2. CIMB
    Target = RM7.30 / RM7.37

3. MPHB - hopefully can keep on the uptrend.
    Target = RM2.94 / RM2.99

4. CMMT
    Target = RM1.54 / RM1.55

5. PERISAI
    Target = RM0.895 / RM0.905

There are a lot more counters, but i picked only these 5. I am not saying these are the best, but these counters i could check on possible target rather than other counters. Still, this target will depend on market situation.
Hopefully EU and DJ continue green.
Good Luck.