KNM
Chart 1: KNM, chart from 10/07/2009 to 29/12/2009.
As shown on chart 1, price of KNM rebounded strongly at RM0.71 level on the 15th of September, 2009, and it reached its RM0.875 level, but failed to test the previous high of RM0.915 level. Then, price retreated, and formed a lower-high, thus forming a L1 downtrend line. Despite the falling of price, it is still supported by RM0.71, and therefore, the RM0.71 level is still the support for KNM, and investors are likely to have a positive memory at the RM0.71 level.
As indicated by A, after rebounding from the RM0.71 level, price of KNM broke above the 14, 21, 31 EMA, suggesting that it is likely to break away from the T1 downtrend. However, despite the breakout above the T1 line, volume did not increased significantly, thus the break out signal was not strong.
Nevertheless, if price of KNM should continue to stay above the 14, 21, 31 EMA, the immediate outlook for KNM is still on the positive side. If volume should increase, the upside movement of KNM is likely to sustain, and the 14, 21, 31 EMA shall continue serving as the dynamic support as well as the trailing stop reference, and the next resistance are found at RM0.815 followed by RM0.865 level.
| 4 Q Rolling PER | 10.41 time | Dividend Yield | 1.97% |
| Dividend | Dividend Yield | Net Profit Ratio | |
| 31/12/2008 | 1.5 sen | 3.75% | 13.30% |
| 31/12/2007 | 4 sen | 0.63% | 15.31% |
| 31/12/2006 | 5 sen | 0.55% | 14.56% |
| 31/12/2005 | 5 sen | 1.36% | 11.97% |
| 31/12/2004 | 3 sen | 1.05% | 8.41% |
Table 1: KNM yearly dividend, dividend yield, and net profit ratio.
Gamuda
Chart 2: Gamuda – 5398, from 7/10/2009 to 29/12/2009.
As shown on Chart 2, price of Gamuda has been falling since it touched its peak of RM3.44 on the 3rdof August, 2009. Until now, it has fallen RM 0.83 or 24%. As indicated by A, price of Gamuda is now testing the RM 2.60 level, which is the 38.2% Fibonacci retracement line, by taking the lowest RM 1.25 and the highest RM3.44 level.
Technically, price is likely to find a support at the 38.2% retracement line. If price should rebound from this level, it is likely that the current downtrend might pause for a consolidation. (Refer to Chart 3)
Chart 3: Gamuda – 5398, chart from 9/9/2009 to 29/12/2009.
Since Gamuda is likely to rebound at the 38.2% Fibonacci Retracement line, (RM2.60), let us study the condition of a rebound, and be prepared for a possible reversal, if it happens. As indicated by A, price of Gamuda is still staying below the Bollinger Middle Band, thus the immediate outlook is still bearish biased.
If price should rebound from the RM2.60 level, and break above the Bollinger Middle Band, the immediate outlook for Gamuda shall improve, and the next criteria for a reversal would be the re-expansion of the Bollinger Bands, coupled with a substantial increased of volume.
If the above conditions has met, investors could followed the signal as a buy signal, while the Bollinger Middle Band shall serve as the immediate dynamic support as well as the trailing stop reference.
However, if price should failed to rebound from the RM 2.60 level, it would be a new low, thus the downtrend remains intact.
| 4 Q Rolling PER | 25.97time | Dividend Yield | 3.07% |
| Dividend | Dividend Yield | Net Profit Ratio | |
| 31/07/2009 | 8 sen | 2.48% | 7.10% |
| 31/07/2008 | 25 sen | 10.9% | 13.52% |
| 31/07/2007 | 46 sen | 5.90% | 12.23% |
| 31/07/2006 | 16 sen | 4.57% | 13.74% |
| 31/07/2005 | 16 sen | 3.48% | 17.26% |
Table 2: Gamuda, yearly dividend, dividend yield, and net profit ratio.
Air Asia:
Chart 4: Airasia – 5099, from 24/07/2009 to 29/12/2009
As shown on chart 4, price of Airasia formed an L1 uptrend line, with the rebound on the 13/11/2009 and the higher low of 8/12/2009.
Meanwhile, price of Airasia remains supported by the 14, 21, 31 EMA, which is serving as the trailing stop reference as well as the dynamic support for the L1 uptrend. Technically speaking, provided that the price of Airasia is still staying above these supports, the uptrend shall remain intact. If price of Airasia should break below the L1 line, it would be a signal to take profit.
Nevertheless, the immediate resistance for Airasia is at RM 1.40 level, while the next resistance are located at RM 1.45 and RM1.57 WinChart Automatic Fibonacci Retracement. Support for Airasia is at RM 1.27 WinChart Automatic Fibonacci Retracement.
| 4 Q Rolling PER | 11.22 time s | Dividend Yield | 0.00% |
| Dividend | Dividend Yield | Net Profit Ratio | |
| 31/12/2008 | 0 sen | 0% | -17.87% |
| 31/12/20070 sen | 0 sen | 0% | 28.45% |
| 30/06/2007 | 0 sen | 0% | 31.07% |
| 30/06/2006 | 0 sen | 0% | 10.25% |
| 30/06/2005 | 0 sen | 0% | 16.75% |
Table 3: AirAsia, dividend, dividend yield, and net profit ratio.
Conclusion:
Traditionally, the Chinese New Year rally is likely to have positive effects on many individual counters, and it is crucial for investors to take advantage of these 'opportunities', provided they they are equipped with a skill to spot for signals, as well as the temperament for a sound trading plan to minimize trading risk.
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