Technical Rebound - UOADEV

UOADEV (5200)

On 3rd Jan 2014, I bought UOADEV for 20 lots at RM1.83. I was queuing for another 20 lots at RM1.81 and another 10 lot at RM1.80. The low of the day was RM1.83 and a dragonfly doji appeared at the end of the day.

taken from tradesignum.com

It's a risky trade as it was downtrending. I might caught a falling knife.

taken from klse.i3investor.com

As soon as the market started, it shot up 4.8% within 15 minutes.

Too fast, too scary for me. I sold my 20 lots at RM1.96. My first trade of the year. My very few technical rebound trades. A good one.

Technical rebound - Aeon and Parkson

Happy New Year 2014.

Technical rebound's opportunities don't come often. AEON and Parkson are showing potential to be good trades

AEON (6599)

RSI at 12 last week. RSI is going upwards towards 30 level. Tempting. MACD is going for bullish crossover.

 

 With 7.8% potential profit. Risk : Reward ratio is 1:4.

PARKSON (5657)

A downtrending stock for the past 2 years. Risky. RSI was at 12 last week.

Most people is going to AEON or Parkson to shop?

FBMKLCI is at all time high. Lady Luck has never been with me when I bought with technical rebound strategy. I'm not buying the counters this time round.

Hopefully year 2014 brings us more good trades.