Kinstel
Chart 1: Kinste, chart from 30/07/2009 to 13/01/2010.
As indicated by A, price of Kinstel formed a Higher-low after breaking above the 14, 21, 31 EMA. This is an early sign of an uptrend formation. Also, it has broken above the RM1.01 immediate resistance, thus is set to test the next resistance at RM 1.06. As indicated by B, volume for Kinstel increased substantially as this is a sign of positive cash flow input, thus sufficient buying interests to off set the selling pressure.
As shown on chart 1, price of Kinstel tested RM 1.06 several times, and RM1.06 is an important resistance level. If price should break above RM 1.06 successfully, more upside room is expected. Technically speaking, if volume failed to increased during a break out above RM 1.06, chances of a valid break out is slim.
Meanwhile, the 14, 21, 31 EMA shall continue serving as the dynamic support for this uptrend, as well as the trailing stop reference. Provided that price of Kinstel is still above the 14, 21, 31 EMA, it is theoretically healthy to hold on to the positions, and when price should break below the 14, 21, 31 EMA it would be a signal to take profit or to cut loss.
| Leading PER | -29.15 times | Dividend Yield | 1.77% |
| Dividend | Dividend Yield | Net Profit Ratio | |
| 31/12/2008 | 1.7 sen | 4% | 1.52% |
| 31/12/2007 | 1.7 sen | 1.27% | 6.38% |
| 31/12/2006 | 7.5 sen | 4.6% | 35.60% |
| 31/12/2005 | 5 sen | 5.49% | 3.57% |
| 31/12/2004 | 5 sen | 2.79% | 5.52% |
Table 1: Kinstel Yearly Dividend, Dividend Yield, and Net Profit Ratio.
Huaan
Chart 2: Huaan, chart from 10/06/2009 to 13/01/2010.
Price of Huaan has been trading in the trading rage between RM 0.475 and RM0.575 for a considerable period of time. As shown on the chart above, RM0.475 is the support while the resistance is at RM 0.575. Technically, if price should remain in the trading range, the trend for Huaan is still unclear.
As indicated by A, price of Huaan broke above the 14, 21, 31 EMA after rebounding from the RM0.475 support on the 28th of December, 2010, and formed a short term uptrend. It is likely that it will test the RM 0.575 resistance again. Meanwhile, as indicated by B, volume also increased substantially suggesting that some increased of buying interests. Technically, if price should remain supported by the 14, 21, 31 EMA, with strong volume, chances of a valid break out above the RM0.575 would be higher.
On the contrary, if price should failed to stay above the 14, 21, 31 EMA, it would be an end to the short term uptrend, thus a signal to take profit or to cut loss, as the 14, 21, 31 EMA is serving as the dynamic support as well as the trailing stop reference.
|
| -23.78 times | Dividend Yield | 0.00% |
| Dividen | Dividend Yield | Net Profit Ratio | |
| 31/12/2008 | 0 sen | 0% | 0.04% |
| 31/12/2007 年12月31日 | 0 sen | 0% | 14.95% |
| 31/12/2006 | 0 sen | 0% | -37.95% |
| 31/12/2005 | 0 sen | 0% | -33.31% |
| 31/12/2004 | 0 sen | 0% | -246.53% |
Table 2: Huaan, Yearly Dividend, Dividend Yield, and Net Profit Ratio.
Other Steel Counters:
Lionind
Annjoo
| Name [code] | Current conditions: |
| Lionind [4235] | After breaking above the T1 downtrend line, price of Lionind has been staying in uptrend, while supported by the 14, 21, 31 EMA dynamic support. It now testing the RM 1.71 resistance, and if it could break above the RM1.71, it would be making a 16 months new high. |
| Annjoo [6556] | After breaking above the RM 2.92 resistance level, price of Annjoo was marking a new high while continued its uptrend. The uptrend is well supported by the 14, 21, 31 EMA dynamic support and the 14, 21, 31 EMA is also serving as the trailing stop reference. However, the liquidity of Annjoo is generally lower, thus not suitable for short term trading. |
Conclusion:
Although usually a retail investor would not buy all stocks in the same sector or industry, it is still important to monitor a few counters in the similar industry to further understand the behavior of the entire sector as well as the counters bought.
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