ECM

4:40 AM Joehari Matt

ECM LIBRA FINANCIAL GRP BHD (Stock Code: 2143)
This is the last stock in the batch based on intra-day of 24 June 09. Many others have similar reversal signals. I posted a few here because these are the ones I have taken position.  Supposed to post here much earlier but this blog was suspended by Google for a while.



ECM LIBRA

similar to KLCI displaying reversal signal but differs in overall wave pattern

Short-term:
first day: reversal signal
2nd day: confirmation signal
volume : not high on rebound (-)
position taken at 0.615 (24 June 09)

believe so the immediate Elliot 5-wave already completed. Now in a,b,c or zigzag pattern. Thus need special caution and for a very, very short few days holding only. P

ossibly near 0.70. (hesitation at 0.65 expected)


below: ECM daily chart
ecm

TEBRAU

4:06 AM Joehari Matt

One of the stock picks that supposed to post here together with the UEMLAND posting but Google's robot marked this blog as spam blog. Already cleared by Google so now I can start posting again.

TEBRAU TEGUH BHD (Stock Code: 1589)

Similar to KLCI displaying reversal signal Short-term: first day: reversal signal 2nd day: confirmation signal volume : high position taken at 0.755

possible hesitation at 0.855 (watch out) target over 1.00

below: Tebrau daily chart tebrau

DBHD

5:02 AM Joehari Matt

DAMANSARA REALTY BHD (Stock Code: 3484)
One of the stock picks that supposed to post here together with the UEMLAND posting but Google's robot marked this blog as spam blog. Already cleared by Google so now I can start posting again.



short-term : reversal signal
reversal signal on 23 June, intra-day confirmation on the next day

potential 0.29 (hesitation expected) , over 0.315 (assume current wave is wave 5) 
con: low volume on rebound


close price 0.245
see the attached daily chart


long-term : inverted head and shoulders (depend on the ability of support at 0.19)
see the attached weekly chart

DBHD daily chart
dbhd-daily Below : DBHD weekly chart
dbhd-weekly

UEMLAND

3:44 AM Joehari Matt

UEM LAND HOLDINGS BHD (Stock Code: 5148) The main reason of current batch of stock picks is because I believe the market has rebound and will continue with bullish wave 5 toward at least to the peak of wave 3. Read here Bursa Malaysia: My Blog UEMLAND is a stock I familiar with. I have been trading this counter so many time before. There was a bad news for UEMLAND last week, reason of the correction. Anyway, the bear could already out.

Short-term: reversal signal Volume: Good Among top active counter. My average bought price: 1.51 bought on 24 the June (the day signal confirmed) . Target: keep as long as it run. Beware of possible hesitation at 1.70 and higher resistance at 1.85. UEMLAND daily chart:uemland

KLSE Time and Tide

3:00 AM Joehari Matt

All boats rise with tide, they say.
In KLSE, not all but most of the counters DO rise with the Composite Index. Get your KLSE Composite Index reading right and likely your stock picks will be right. In-synced with KLSE Composite Index rebound, so many of the counters are displaying reversal signals. They're too many of them, you can just pick one stock in the top 30 most active counters, open it's charts and you will see reversal signal. Most of the 30 counters are in reversal buy signal. KNM - reversal MKLAND - reversal TEBRAU - reversal JAKS - reversal UEMLAND - reversal (those are top 5 active counters at the time of writing this blog) I could go on with top 10 or beyond. You get the idea. My point is, at this point of time, very likely your stock picks will be right. Your friendly stock tipster you meet often in the stockbroker's gallery also likely to be right. If you are looking for stocks in reversal, there are too many of them. You can start with the current top 10 most active counters today.

Limitation of stock picks

2:52 AM Joehari Matt

Some limitation of stock picks in this blog. 1.Most of the time the stock move fast and trades was also fast. This type of trade last the longest only just a few days, also can be overnight and intra-day. There will be time lag factor in posting stock picks. 2. Charts plotted using daily close data but the sell and buy done are intraday price. Closed price and actual done price can be very difference. 3. Signals can come intraday. For example, candlestick reversal hammer signal came yesterday, to be safe you look for confirmation intraday today and by the time you post it in the blog its already end of the day; the stocks might have surged up.

Disclaimer

2:51 AM Joehari Matt

Information contained herein is not guaranteed to be accurate, and should not be considered to be all-inclusive. My opinions in reference to stock picks and watch list contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Please consult a broker before purchasing or selling any securities vewed on or mentioned herein.

Privacy Policy for this website

2:47 AM Joehari Matt

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