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Wednesday, 16 May 2012

KLSEPSP - Counters for Short Term target

Hi All..

Today day trade was very disappointing as none reach the targets as market condition is very bad to do day trade. Some traders seems securing their capital and some trying to catch certain good fundamental stock at discounted price. In the 2nd half of today trade, could see that some counters had responded in a good way. Buying momentum was seen on certain stocks such as DRBHCOM, JCY, MUDAJYA, UMLAND, TWSPLNT n etc.

Some buying activities has been detected on MRCB, YTLPOWR and etc and price not yet to move higher.
Therefore I list out the counter in my observation could reach some short term target.

YTLPOWR (RM1.62) = RM1.64 / RM1.67

MRCB (RM1.61) = RM1.64 / RM1.67

MUDAJYA (RM2.66) = RM 2.75

MBL (RM0.935) = RM0.965 /  RM1.00

MUHIBAH (RM1.26) = RM1.30

WINGTM (RM1.71) = RM1.72 / RM1.77

WCT (RM2.25) = RM2.32

Review:
UMLAND = Did put this counter on day trade list for last friday with target of RM1.82. Today, it went up to RM1.90. Safe from Friday to today. Not affected by current market situation. BRAVO UMLAND.

p/s:
Last time i did wrote about BERTAM. Finally its uptrend had really ended from last week and has dropped more than 10cent since then and broke its cloud resistance. It became more worst due to uncertainties of EU and US Maybe some looking for a rebound, yes, maybe it will, so good luck and happy harvesting profit.

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