Technical Rebound - Harta

HARTA

A classic technical rebound play. A very nice PV divergence, followed by a white candle. MACD turned green, RSI inched up and Stochastic showed a bullish crossover. Buying at the closing time of the white candle would yield me at least 7% profit the very next day.

Revisiting CIMB

Cimb (1023)

The technical rebound play failed, should I bought based on the bullish harami candlestick. It moved further south and after a week, with a 6% drop, a white candle appeared. Buying at the closing price, using a technical rebound strategy, one could get a 5 % profit after just 2 days.

Technical Rebound - PRESBHD

Presbhd (5204)

KLCI had been going south for the past 2 weeks. A hammer was formed last Wednesday, with increased volume.

Presbhd was showing the same trend as KLCI but a white candle appeared at the end of the line. I bought 27 lots at RM1.84 during closing time. The counter moved upwards the next day and I took home 5% profit before lunch time.