Maybulk Make Technical Rebound?

As you can see from the photo below, last candle on the weekly chart hammer candle appeared. Seems that Maybulk bound on its support trendline around RM3.50. Weekly RSI-14 still turn down but daily RSI-14 is upward and just move out from oversold area.

Maybulk Weekly Chart

Maybulk Daily Chart

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Maybulk Will Continue Go Down?

Not as per expected in my previous post, currently Maybulk still in selling pressure. Day to day volume recently increasing and the price continue go south. The next stop looks to be RM3.68 if it keeps falling. Here I attached the chart for you to review.

Maybulk Weekly Chart

On the Wall Street last Friday, market still extended their loses regarding recession fears. That's all from me, happy trading!

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Maybulk Stock To Be Considered

Maybulk is a good stock by his book. I will check this counter by tomorrow morning;

Maybulk Daily Chart

RSI-14 showing that Maybulk in ovesold area. The last candle showing candle hammer and the volume increasing twice than before. Is it means that the volume shaking and most are out? Currently when I am write this view, US stock in red color down another 70 points even their market open higher. Considering this situation to do my trade. Happy trading!

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PECD - False breakout?

PECD currently is in downtrend mode try to break the downtrend line as per chart below;

PECD Daily Chart

The volume slightly decrease today. Maybe will waiting another opportunity. The accumulation of this stock already has been done a few weeks ago and now maybe the distribution or taking profit mode. Happy learning and happy trading!

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Stock Market Review: KLCI

KLCI hits all the time high last Friday 1521 points before closed at 1516 points. Even the US stock market was in pressure selling mode due to subprime crisis, our stock market indicator KLCI continue to north direction.

Kuala Lumpur Index Composite 11th January 2008

Currently I am quite busy with my 8-5 daily job. Therefore, my post will be decrease. Thanks for stay with me.

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KLCI Surges to All The Time High

Mmm... What a surprise to me! Kuala Lumpur Composite Index surges to all time high last Friday. I am not review market index recently and I think all the market reports can be viewed from local news as per stated below:

Utusan Malaysia

The Star

The Edge Daily

Sorry for the an inconvenience. Currently, I am quite busy with my job. Some reports need to be competed by this week. Meaning that no counter can be monitored. Wishing you good luck and happy trading!

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