Saturday 18 June 2011

Stock Watch: Random Pick

MBSB at its support of RM1.40, refuses to go further down beyond this level for the 2nd time. RSI oversold. Can it rebound from here?

    MBSB: Can it restart its uptrend, or is it an unfavourable double top here?

Glomac is going to annouce its 2011Q4 result next week, and it is expected to be an impressive one. The company has been actively buying back its share lately and should annouce a final dividend as well.

    Glomac: Uptrend may not finish yet

E&O is one of the most heavily traded property stock recently. News about potential new investors is lingering. Its share price briefly breached through previous high of RM1.61 but fell back immediately to RM1.53. If it is able to crawl back towards RM1.60 next week, then I think it has a chance to go higher.

    E&O: can it form a cup with handle?

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