EDEN stock code 7471

EDEN sector: Trading/Services
12 months : high 0.620   (12-Jun-09)   low 0.260  (16-Mar-09)

The major uptrend (oct 08 to jun09) already corrected over 61.8%

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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Gamuda stock code 5398

GAMUDA sector: construction  
Prices 12 Months   high  3.440   (03-Aug-09) low 1.820   (10-Mar-09)

wait for buy signal:
Rebound within 2.60 and 2.50 zone. If no rebound signal from that support zone, expect futher downtrend.

Wait a minute, it's already rebound last Friday, confirm intra-day on Monday for rebound sustainability for a buy.

Suggest to read my previous blogpost on : Gamuda
Other info http://biz.thestar.com.my/gamuda

Below : Gamuda daily chart (click to enlarge):

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Maybank stock code 1155 updates

Previous blogpost on Maybank 

Updates: If Maybank can go down near 6.60 (range bound's support)
it will become more 'attractive'. For now it sideway.

Click to enlarge : Maybank daily chart

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MKLAND stock code 8893

Updates Mac 25: No buy signal so far. MKLand need to enter the rangebound first. Need a breakout away of 0.35.  


MKLAND sector properties  
Prices 12 Months  high 0.475 (15-Jun-09) low 0.150 (17-Mar-09)
Watch for buy signal:
Rebound within support zone 0.35 (it's already in the zone). 
Recent high target at 0.465 is attractive for profit target.
Watch out for any weakness also within 0.35 which can signal further downtrend.
That mean 0.35 zone is decisive and crucial.
Important: any rebound need to confirm by VOLUME.
below: MKLAND daily chart (click to enlarge):

There's negative rumors on MKLAND and denied by the company: hit here: http://archives.thestar.com.my/mkland
other info: http://biz.thestar.com.my/mkland

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Sunway updates

 SUNWAY  stock code : 4308 sector: construction
Previously:
1. The uptrend from Nov 08 to early Aug 09 already corrected to 38% (also a significant Fibonacci level).  Believe so the correction phase is over and now heading to 1.60
2. Micro double-bottom pattern with higher low.
3.  Vital support at 1.16 zone. (also a signal zone - if collapsed then forget it)
4. Expecting strong resistance at RM1.60. A strong breakout needed first for higher target
Last few 'down' days could give good entry price. Reversal from this few down days is a bullish signal. Important for 1.16 support to hold. For early warning watch any weakness in the 1.22-1.20 price zone.
UPDATES:
As mentioned in previous stock highlight, it's  true 1.60 is a strong resistance, the price went to 1.55 and start correction.
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.
click to enlarge : Sunway daily chart

Other info http://biz.thestar.com.my/sunway

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BRDB updates

BANDARAYA DEVELOPMENTS BERHAD stock code 1473 sector : properties

Previously:
1. Well corrected (68% Fibonacci rebound).
2. Multiple (different wave scale reading) : Both Elliot immediate and minor wave 'agree'. Think so Elliot minor wave 2 (white numbering) in the making, could end anytime. Bullish wave 3 should come very soon. Elliot immediate bullish wave 3 (blue numbering) could already started.   It need the break out from 1.65 pt, to confirm it is the bullish immediate wave 3 and will go far.
3. Short-to medium term target: 1.70 to over 2.00.
4. Final forget it signal is the collapse of support/pivot 1.33

Updates:
Now in a sideway mode. Small volume and less trading activities. That consider good in view of current Bursa Malaysia correction days.

Other previous bullish points still intact.

Based on day to day observation, this stock is very easy and ready to go. Most of the bears already out, need a little more of buying.

click to enlarge : BRDB daily chart:

Other data  on BRDB http://biz.thestar.com.my/brdb

News : The star news on BRDB

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E&O stock code 3417 updates

Sector: properties
52 weeks high 1.590  (08-Sep-09)
52 weeks low 0.395  (12-Mar-09)
click to enlarge: E&O daily chart:
 
 Previously:
1. Correction of earlier uptrend (since Jan 09 - wave 1 to 5)  to 61.8% Fibonacci ratio make it strong likely that a new major uptrend is in development.
2. Bullish inverted head&shoulder pattern finalized.
3. Last 3 trading day price action was not that strong and the volume is not that encouraging. Anyway this should create good entry point.
4. Minor resistance at 1.25. Target  near 1.60 or could be well over it (wave counting).   5. Important to watch for 0.95-1.10 as the vital support/pivot zone. The final 'forget it' signal is 0.86.
Updates:
Bullish inverted h&s didn't materialized. It's not a supporting technical factor now. Current downtrend expected to end anytime. If persist 0.95 is likely the rebound level and 0.86 is the 'final' support level.  If rebound (as a final buy set-up), the target for now is over 1.30.

Also, 1.15-1.20 is the bullish breakout level if you prefer a little late but 'sure' entry.
http://biz.thestar.com.my/E&O

22/12/09 : E&O to dispose of KL freehold land for RM103m http://www.theedgemalaysia.com/component/content/article/156114.html

5/10/09 Promising prospects for Penang property sector http://www.theedgemalaysia.com/component/content/article/153080.html

7/10/09 : CIMB reiterates trading buy call on E&O http://www.theedgemalaysia.com/component/content/article/150780.html

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SAAG 9652 updates

Prices 12 Months
high 0.395  (14-May-09) low 0.140  (17-Mar-09)

The minor support at 0.17 already broken. 0.15/0.14  is the final support level.
My Elliot wave reading says it cannot go below 0.14 . Assuming it's right and 0.14 is the worst it can go, the reward over risk still tremendous. The reward need a lot of holding power (time).

Click to enlarge: SAAG daily chart: 

Previous blog post on SAAG klse stocks blog

http://biz.thestar.com.my/saag

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