MPHB BULL RUN...

After the good news of Magnum Relisting, high volume accumulation by investors

Observation
1) Trend Line - Uptrend ( Bullish)
2) HH - Formed Higher High ( Bullish)
3) MACD - Bullish and waiting for 4R1G for more Extreme Bullish
4) RSI - Broke the 70% RSI - Super Bull
5) ADX - Good momentum and Bullish


Conclusion
Entry Price - 2.75 , Previous entry price was 2.5
Stop Loss at 2.4
Take Profit at 2.86(R1) and 3(R2) and 3.22 (R3)

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

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)

Testing the Resistance - MPHB

Look like MPHB is back in the buying interest in KLSE and  lets have a look into this counter

Observation
1) Resistance/ HH - Broke above the previous higher high at 2.45 and close at 2.49 ( New higher high) and also broke the previous historical resistance of 2.48.
2) MACD - Bullish Crossover ( Bullish signal)
3) RSI - Ascending to 58% ( Bullish)
4) ADX - Slighty bullish with good momentum.

Conclusion
This counter is a good counter to watch for potential profit accumulation
Entry Price - 2.5
Stop Loss - 2.4
Take Profit - 2.61 and more 2.86