UEMLAND UPDATES : WAKING UP? WAIT

UEMLAND STOCK CODE 5148

UEMLAND used to be a great stock for trading but since mid of June 2009 it like been ignored by the market. Been sleeping but so sudden on the last two days, it become active and alive again. Must be something on the news (see at the bottom).

above: UEMLAND daily chart (click to enlarge)

The two days bullish bar with high volume, is it a signal for longer uptrend ahead? Looking at the chart with sudden upsurge, I prefer to let it corrected first for confirmation (it's kind of the handle for the cup in a cup chart pattern). RM1.55 - 1.50 price zone is the new support zone that it need to confirm first (you only can tell after correction from the hike) for buy signal. It doesn't matter even it run ahead, there should  be correction or dip later for entry.  I am trying to avoid few days flashing stock and then corrected or sideways for a long period.  RM1.38 zone is the previous strong support zone which it shouldn't revisited if it really going into bullish mode.

The reason for these 2 days interest:
Bina Puri: RM1.1bn LCCT job almost in the bag Bina Puri Holdings Bhd, together with its joint-venture partner UEM Group Bhd, is close to securing the third package of Malaysia Airport Holdings Bhd’s (MAHB) new low-cost carrier terminal (LCCT) worth some RM1.1bn, sources say. The JV is expected to receive the letter of award soon. The new project would be a boost to Bina Puri’s future earnings and order book which currently stands at RM2.3bn, stretching over the next three years. (The Edge)
Read more here: Is it true Bina Puri - UEMLand to clinch RM1.1b LCCT? 

Previous news is on 23rd Mac 2010: UEMLAND 1 for 2 right issue
Other data at: thestarbiz/uemland

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E&O UPDATES

Sector: properties
Bursa Malaysia stock code 3417

Previously, this stock is covered here waiting for validity of head and shoulder pattern. No confirmation and the downtrend is expected to rebound in RM0.95-RM0.85 price zone.  Read it here E&O

Now, it did rebound within the zone at about RM0.9o ct.  Last few days price bar action and the volume are great. I will say it, a buy for several weeks of holding time objective.
Taking wave counting, I think can hold much longer for bigger profits.

Minor support zone RM0.90. Main support/pivot zone  RM0.85. Mark these zone. Cut loss level normally set slightly below these level.

http://biz.thestar.com.my/E&O

Below: E&O daily chart (click to enlarge):

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EDEN UPDATES

EDEN sector: Trading/Services
Bursa Malaysia stock code 7471 

No decisive change since my last commentary in this blog. Perceived the current downtrend is in wave 2, which haven't ended. Bullish wave 3 is after wave 2 but other signals says, wave 2 haven't ended yet. Will leave it aside for a while.

Above : EDEN daily chart (click to enlarge)

Previous points:
1. The major uptrend (oct 08 to jun09) already corrected over 61.8%
2.Believe so a new 5 wave sequence is developing. The minor wave 2 haven't find the ending (could go to recent low 0.35 if no rebound about current level), wait for rebound signal.

other info: http://biz.thestar.com.my/eden

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SUNWAY stock code 4308

As previously mentioned in this blog (read here: Sunway)
"Any rebound now is a buy signal but I think i will correct a little more to to within 1.25 zone. That's the likely zone to rebound"
It did rebound at 1.28.

"Believe so the correction phase is over and now heading to 1.60"
It rose to to 1.60 and now in a profit taking phase.
Believe so the current profit taking will be mild, short and sweet. Expecting it to break over 1.60 A few weeks bullish mode expected soon.
Other info : http://biz.thestar.com.my/sunway
Other technical analysis: http://klse-online.blogspot.com/sunway
Below: Sunway Holding Bhd (click to enlarge)

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Updating this week

Will keep on updating. Some of the broken news links already corrected.

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SAAG - hopeless for now?

Current downtread from point A cannot be wave 2.
Need to recount the wave. (told you, ya can't really use TA with very, very cheap stocks, the chart will not reflect the mass sentiment but just a few partcipants)
Volume is very relatively sad, it make you cry.
Hopeless for SAAG for now.
I will ignore it until there's a significant change (thought want to add a few penny stock in watch list, maybe TALAM is better, I heard the rumor too ). Anyway, this type of penny stocks you need to hold for a very long time (maybe a year) until something happen which can be well rewarded (over 300%). Buy and hold until it rise (as long as it doesn't tutup kedai). Definitely not for trading. Less liquid too. Some of my friends do like this type of stocks.
The last news  Mac 9, 2010 
SAAG Consolidated (M) Bhd expects to turn around in its financial year ending Dec 31 (FY10) as its three rigs begin deployment starting from the second quarter.
read the news here:  SAAG sees turnaround this year
That supposed to be good news but 'nothing' on SAAG on Mac 9, see the chart. Will add future  internet news/report on SAAG in this blogpost. 

 above: SAAG chart (click to enlarge)

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