Alam hit entry price..

Quick updates..

Buy Call on 9 November 2012

E ( Entry) :0.68 (Meet entry price closed a 0.685)  

S ( Stop Loss) : 0.64

P ( Profit) :0.73           ----> Try to sell 50% here and then try for 0.77... if it goes up and goes down below 0.73 then sell it there.. 

RRR (Risk to Reward Ratio) = 1.25 (Average)

E ( Entry) :0.68((Meet entry price closed a 0.685)  

S ( Stop Loss) : 0.64

P ( Profit) :0.77

RRR (Risk to Reward Ratio) = 2.25 (Slightly Rewarding)

Resistance at    0.695 / 0.715 / 0.735 / 0.78 / 0.79 / 0.815 

Support   at    0.67 /  0.645 / 0.59

Alam down more and more

Wow.. Look like most of the counter are going down..

Next support at 0.845 and 0.835 and 0.8

Is Alam Back for good?

Observation
1)  Trend Line - Downtrend ( Bearish)
2) Formed Lower Low ( Bearish)
3) MACD - Bearish and formed at 4R1G signal ( Good time to buy ?)
4) RSI - Oversold at 14% ( Cheap bargain !! and now lets wait for the bullish breakout above 30%)
5) ADX - Average Momentum but Bearish
6) Sto - Bullish Crossover ( Bullish and Good time to buy ?)
7) Candlestick - Bullish Harami ( Bullish)
8) CCI - Going up (Bullish) and wait till it break above -100 point for bullish reversal

Conclusion
Strong indicator of bullish reversal but will be strong enough to break high?

Counter Trend Strategy
Entry Price - 1.02
Stop Loss - 0.95
Take Profit - 1.1 (R1) and 1.18 (R2) and 1.24 (R3)

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)
http://edwinextremebullrun.blogspot.com/search/label/FORUM

ALAM broke the support line and going further down..

Observation
1) Trend line - Downtrend ( Bearish)
2) HH - forming Lower low ( Bearish)
3) MACD - Still bearish and waiting for a 4R1G signal for bullish attack
4) RSI - Testing the 30% and waiting for a rebound for bullish attack
5) ADX - Low momentum and bearish

Conclusion
This counter is still downtrend mode .. and let hope for a rebound since Oil Price went up a lot

Entry Price - 1.06 ( Bullish Harami)
Stop Loss - 0.97
Take Profit - 1.12 (R1) , 1.18(R2) and 1.24 (R3)

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)
http://edwinextremebullrun.blogspot.com/search/label/FORUM

Most of the O/G counter are bullish but why Alam is left out?

Observation
1) Trendline - Downtrend ( Bearish)
2) HH - Formed lower low at 1.04 ( Bearish)
3) MACD - Bearish and waiting 4R1G signal on Monday if it close above 1.12 to reflect a green signal
4) RSI - Rise from 37% to 42% ( Slightly bullish)
5) ADX - Momentum weak and Bearish
6) Candle Stick - Formed a Harami Cross and need to have a white candle on Monday for Bullish Attack

Conclusion
Do not go into this bearish counter eventhough it is cheap and wait for a clear picture before going in. Remember Technical Analyse is to approach counter with high possibility to bullish rather than collect cheap waterfall stock which could turn out to be deadly like catching a falling knife.

Entry Price - 1.13 ( Formed 4R1G and Bullish Harami)
Stop Loss 1.02
Take Profit 1.25 (10.6%)

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)
http://edwinextremebullrun.blogspot.com/search/label/FORUM

ALAM testing Support

As mention in the previous post and hope all friend listen to the entry price and did not get trap

Entry Price -  1.15  ( Risky)
                     1.18  ( Safe)

Stop Loss -    1.08

Take Profit - 1.25(R1) and 1.3(R2) Short Term
                     1.5 (R3) long term


Today, Alam does not look good and went down badly

Observation
1) Trend Line - Downtrend ( Bearish)
2) HH - Broke below the previous higher low at 1.1 ( Bearish)
3) MACD - Bearish but check for any potential rebound with 4R1G
4) RSI - Dipping downwards ( Bearish)
5) ADX - Normal Momentum and Bearish


Conclusion
Stop Loss -    1.08 and below Run and wait for next support at 0.98

Take Profit - 1.25(R1) and 1.3(R2) Short Term
                     1.5 (R3) long term

O/G Laggard Alam

Observation
1) Trend Line - Sideways  ( Bull and Bear Fighting)
2) HH - Closed at 1.11 and it rebound it will close as higher low ( Undetermined)
3) MACD - Waiting for 4R1G for entry.. If tomorrow close above 1.18 it will be Bullish but now it is temporary bearish (Bearish)
4) RSI - Pushing upwards and waiting to break 50% ( Slightly Bullish)
5) ADX - Momentum Good and Bullish

Conclusion.
There was a strong Black Candle from 1.24 towards 1.12 and with Harami closes above 1.18 it will be a beginning of Extreme Bull run with MACD 4R1G and RSI abovee 50%

Entry Price -  1.15  ( Risky)
                     1.18  ( Safe)

Stop Loss -    1.08

Take Profit - 1.25(R1) and 1.3(R2) Short Term
                     1.5 (R3) long term

Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)
http://edwinextremebullrun.blogspot.com/search/label/FORUM

ALAM cooling down..

 Many people are stuck in the middle when people bought at 1.20 and above.. What will happen to Alam ?

Observation
1) Hit the Resistance Line at 1.25 and retrace
2) MACD - Formed 4G1R ( Start of Bearish)
3) RSI - Broke 50% and heading down (Bearish)
4) ADX - Momentum still good and bullish ( Bullish)

Conclusion
Lets wait for ALAM to cool down with normal retracement and try to enter again if possible


Wait for Rebound at
a) 20d MA - 1.13
b) Support Line - 1.12 (S1) and 1.1 (S2)

Volume Distribution on Stocks

Today lets us review on a few stock picks based on the volume distribution to analyze whether the buying or selling interest is there..


1) ALAM (Buying Interest based on 50K~150K Lot Value - Bullish)

2) BJCORP (Selling Interest even though with slight buying interest on the last day-  Slightly Bearish)
 

3) MPHB ( Undetermined but buying interested is slightly back on the last trading day)

4) AFFIN ( Buying interest high - Bullish)

5) BIMB  ( Selling Pressure is high - Bearish)

6) AIRASIA ( Undetermined -- Bear and Bull draw still awaiting the winner)

7) SPSETIA ( Huge Selling Pressure due to private placement - Bearish)

Where is the Train Operator for Alam

I have been in the train named "ALAM" since last week thursday at RM1.11 and waiting for the train operator ( Big Shark and Local Fund) to move the train...

Observation
1) Still going up .. Testing and flirting with the resistance line at 1.15
2) MACD - Slightly bullish with 4R1G signal
3) RSI - Going up and now at 64.8%. With big volume and price up it will break the Overbought and super bull
4) ADX - Momentum slight healthy above 25 and bullish

Conclusion
Entry Now with high volume above 4.5M units
Stop Loss - 1.10
Profit - 1.25 and 1.50

Alam - Waiting for the Train Operator to move it

I believe everybody read this blog will know what i am talking about Alam..

Observation
1) Trend Line - Below the Trend Line  but catching it up again. Going above 1.2 will show it is super bull again
2) HH - Fooling around with support line at 1.12 and manage to rebound up to 1.15 ( Next Resistance)
3) MACD - Finally showing a small green bar ( 4R1G signal) a new beginning of Bull RUn
4) RSI - Now at 58% and waiting it rebound and show a bull run
5) ADX - Momentum slightly good at 27 points and bullish

Conclusion Price
Entry Price - 1.15 and above
Stop loss - 1.1
Take Profit -  1.25 and 1.5

ALAM - Go go go

Bought Alam back few days ago at 1.11 at 500lots and happy to see it going up

Observation
1) Formed higher low at 1.1 and now it is a new support
2) MACD - High chances of Kiss Of life tomorrow with Blue line going up
3) RSI - Saturating at 62% and waiting to go up
4) ADX - Momentum at 27 points and bullish

Conclusion
Entry Price at 1.15 ( Safe mode) and 1.11 ( Risky Mode)
Stop loss at 1.1
Take Profit at 1.25

ALAM rebound.. Time to accumulate?

One of the laggard Oil and Gas Counter which have huge potential gains if chase up with the leaders about 30% profit.

Observation
1) Trend Line - ABove uptrend line and rebound from the uptrend line and close at 1.13
2) HL - Formed higher low at 1.11 compared to previous higher low at 1.05

3) MACD - Slight Retracing towards bearish and waiting for 4R1G for entry point for accumulation
4) RSI- Testing the 70% line and break above this will show another phase of bull run
5) ADX = At 26 which have slight momentum but with bearish signal

Conclusion
If monday this counter closed higher at 1.15 it will be a good entry price to accumulate for another phase of Bull Run together with good market sentiment

If broke below the uptrend line and support at 1.07, take some profit and wait for next rebound at 1.05

Will Kencana rebound from the uptrend line?

Observation
1) Trend line - Another crucial moment for Kencana again. Testing the Uptrend line at 2.64 and if break below 2.6 better cut loss or take profit and if rebound from this line there will be another run of extreme bull run...
2) HH - PRevious high low at 2.51 and if broke through this it will be another turnover for this counter to be sideway or downtrend
3) MACD - Bearish with many red bar.. If tomorrow close higher there will be high chances to have a green bar to indicate 4R1G which is another round of superbull
4) RSI - Broke below 70% show bearish
5) ADX - Strong momentum with bearish signal


Conclusion
This is the crucial point either bull up with high momentum ( Entry point if close above 2.73) or cut loss if below 2.6

Watchout Alam..

This is the moment to watch this kind of counter closely.... This is the time either to exit or entry which is very crucial

Observation
1) Trend line - Retracing towards the uptrend line which is the most crucial point.
Entry if rebound and close above 1.14
Cut loss or take profit if broke throught the uptrend line at 1.08
2) Retracing near toward to the previous higher low at 1.05 and if rebound as mention above it will be another bull run
3) MACD - Bearish and retracing. Wait for 4R1G for reversal indication
4) RSI - Broke the 70% and retracing
5) ADX - Slight momentum currently at 26 and showing bearish signal retracing.

Conclusion, hold and cut loss if broke below 1.08 or accumulate if reverse and close above 1.14 and with 4R1G MACD signal

Alam retracing

This is another Oil and Gas Counter

Observation
1) Uptrend- Still above the uptrend line but because if break below 1.12 take some profit first
2) HH - Formed higher high at 1.25 and retrace back ...becareful if break 1.05 which was the higher low better cut loss because this will reflect a bearish trend but if rebound above 1.05 there will be another cycle of bull run
3) MACD - SHow 4G1R on yesterday and now retracing
4) RSI - Broke the overbought line showing bearish signal
5) ADX - Low momentum at 25 and showing bearish

Conclusion,

Accumulate if rebound above 1.05 and cut loss if break below it.