1. TM (4863)
On 4th of December, price broke the resistance level of RM5.27 and shot to the second resistance level of RM5.44. However, it closed the day with a bad shooting star. Interestingly, the price shot up for another 3 days to pierce the resistance level of RM5.44 with highest volume in the past 30 calendar days. But the breakout failed to hold as the price dropped to cut loss price of RM5.44.
First breakout with increased volume. Passed.
Second breakout with high volume. Failed.
A breakout on 10th December with increased volume. RSI is inching higher. MACD is in positive region. Should one bought at the closing time, is it possible to sell at the next resistance of RM4.47?
Cut loss at recent low.
3. TDM (2054)
Will you buy this stock based on the price breakout, 11th Dec? Closing price is RM1.04.
RSI is 72.3. Highest volume in the past 4.5 months.
4. TNLOGIS (8397)
The stock had a breakout with increased volume on Friday the 13th December 2013. RSI is 79.7 and MACD is still green. Will it hold?
5. MKH (6114)
Like TDM, this MKH price breakout failed. If one didn't cut loss at the breakout price of RM2.76, the loss can be big as it closed the third trading day with a long black candlestick.
6. TSH (9059)
On the first 2 weeks of December, I traded TNLOGIS (intraday trade), BSTEAD and YTLPOWR for a nice profit of RM259.88. Such profit is unlikely if I traded any of the above mentioned stocks. You want to know more, do visit cpteh.blogspot.com or better still, subscribe to his monthly RM40 stock watch. Email him at cpteh@yahoo.com
