RSawit

Another good run plantation stock for the last three months. This stock has generated many profitable trades.

Its time to take profit. Double top is formed at 1.02 level.















The high price has attracted insider to profit take as well.

KLK

KLK - 3rd largest plantation in Malaysia. support found at 24.7 and 24.1 level. RSI pointing down.



















EPF is actively trading the counter since the beginning of the year.










Strong results. PAT almost double within two years.

Pelikan

Pelikan bottom. Wait for retracement.

Axiata

Nice set-up. buy at 4.72 level when stock retrace to that level.

Maybulk

Maybulk price surged for the last one month was not consistence with the market fundamental. BDI, a key shipping rate measure use to determine the profitability of shipping companies has decline drastically since beginning of the 2012. Now, the market speculation is that Maybulk is embarking to some privatisation hence the price surge. Should the news is mere rumour,
1. how low will the price decline
2. if decline will price surge again?

Summary 2 Feb 2012

YTLE - Support at MA20
Haio - Retracement continue + RSI moving down
KNM - buying climax 26 & 27/1 + resistance @ MA100 + RSI down
Evegreen - side way
Kimlun - profit taking. watch for the window
Xinquan - MA100 breakout on 27/1 + possible buying climax wait for retracement.

BDI

CIMB has summed up that the drastic drop in BDI was mainly due to:
1. slow down in China
2. over-supply vessel.
3. reduction of 2nd hand vessel price

Evergreen

Those who bought at 0.95 level should sell for 10% gain now.

TA Observation:
1. Buying climax found at last trading hour on 25/1
2. Divergence - price flat while RSI trending lower.
3. MA 10 is crossing down MA20.

KNM

For those who bought at 1.00 level is time to take some profit. Current price at 1.13. you should rake in handsome 13% gain (exclude transaction cost).

TA Observation
1. Buying climax found at the last trading hour, 5pm 27/1.
2. Strong retracement occurred within the same last trading hour - observe the last upper shadow of the candle.
3. Divergence - stock moving higher but RSI trending down with declining volume
4. Next support level will be at 1.07 & 1.04.

BDI

The BDI fell off the cliff since the beginning of the year. As reported by OSK Reseach, it was due to
1. Slow down of demand from China
2. Over supply of vessels
3. Stronger USD.








In the contrary, Maybulk has been surging since the beginning of the year. The rally in Maybulk does not mirror the performance of BDI. Hot speculation is the Maybulk may be embarking into corporate exercise including privatisation.