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Saturday, May 12, 2012

MKH Forming at Bullish Flag

This baby has bounced up to 20% within a week and now it is taking profit with reducing volume. This could be a potential Bullish Flag but need to be cautious as it could be a 2 sided blade.

Uptrend with Bullish Flag
MACD - 4R1G - Bearish -- It could be due to profit taking or big fish getting out from the boat

RSI - Reducing toward 70 - A bit bearish
Sto - Bearish Crossover

Entry at = 2.42
Stop Loss 2.32
Take Profit  2.5, 2.6 and 2.86( Bullish Flag Profit)


  1. AnonymousMay 12, 2012

    Edwin, do you have license to give financial advice?

    1. Nope I don't have. It is just a hobby and personal view on the market and stock sector.

  2. AnonymousMay 13, 2012

    Parliament will be dissolved very very soon..Watch out for stocks like aglobal,harvest,mtronic nicorp permaju for short term trade...These stocks will skyrocket but sell all government linked stocks like uem,mrcb,cimb,pharmanhiaga,telekom,axiata,timecom,faber,airport,mas, soon as election finish and government wins the govt linked stocks will rise but not aglobal,harvest,mtronic,nicorp permaju will go down..everyone thinks that if BN wins aglobal, harvest,mtronic,nicorp permaju all will sky rocket but i on the other hand will take the contrarian approach..Gud luck

    1. ThAt is normally the group of sector to goreng when we were not uncertain of klse direction during bad news from Europe or during election time.