Maybulk:
Chart 1: Maybulk, chart from 22/07/2009 to 20/01/2010.
Price of Maybulk rebounded on the 18/01/2010, forming a Higher-low, in which the L1 uptrend line is formed. As indicated by A, price of Maybulk tested the RM3.26 resistance, which is a long term resistance since 5/08/2009.
Meanwhile, as indicated by B, volume for Maybulk increased significantly, suggesting some inflow of fresh buying interests, which helped to push the price higher. Therefore, if volume should remain strong, the uptrend for Maybulk is expected to carry on, and retest the RM3.26 resistance level, or even an attempt to test the RM 3.42 peak.
Meanwhile, the 14, 21, 31 EMA is still serving as the dynamic support for the uptrend, as well as the trailing stop reference. Technically, if price of Maybulk should remain supported by the 14, 21, 31 EMA, it is a good idea to hold on to the positions, until a break down below the 14, 21, 31 EMA, it would be a signal to take profit or to cut loss.
Nevertheless, despite the strong fundamental of Maybulk, trading for this counter remains illiquid; in other words, this counter is not suitable for short term trading.
| 4 Q Rolling PER | 20.11 times | Dividend Yield | 12.54% |
| Dividend | Dividend Yield | Net Profit Ratio | |
| 31/12/2008 | 40 sen | 16.74% | 63.91% |
| 31/12/2007 | 38 sen | 8.52% | 89.55% |
| 31/12/2006 | 30 sen | 11.72% | 70.73% |
| 31/12/2005 | 17 sen | 8.10% | 162.89% |
| 31/12/2004 | 12 sen | 4.65% | 71.69% |
Table 1: Maybulk, yearly Dividend, Dividend Yield, and Net Profit Ratio.
Genm:
Chart 2: Genm, chart from 09/07/2009 to 20/01/2010.
As indicated by A, price of Genm retreated since resisted by the RM 2.93 level on the 5thof January, 2010. However, it was precisely supported by the 14, 21, 31 EMA, and retested the RM 2.93 resist again on the 20/01/2010.
The rebound above the 14, 21, 31 EMA suggests that the immediate uptrend is still intact, and if price should break above the RM2.93 resistance successfully, it would break away from its long Rectangular trading range, and the next resistance would be at RM 3.05 WinChart Automatic Fibonacci Retracement.
Other than the 14, 21, 31 EMA dynamic support, the L1 line is also the uptrend line supporting the immediate uptrend, as well as serving as the trailing stop reference. Provided that price of Genm is still above the L1 line, it is still a good idea to hold positions. If price should break below the L1 line or the 14, 21, 31 EMA, it would be a signal to take profit or to cut loss.
| 4 Q Rolling PER | 28.50 times | Dividend Yield | 2.42% |
| Dividend | Dividend Yield | Net Profit Ratio | |
| 31/12/2008 | 7 sen | 3.10% | 12.98% |
| 31/12/2007 | 6.48 sen | 1.67% | 35.74% |
| 31/12/2006 | 27 sen | 1.85% | 24.84% |
| 31/12/2005 | 24 sen | 2.14% | 26.80% |
| 31/12/2004 | 20 sen | 2.00% | 26.54% |
Table 2: Genm, yearly Dividend, Dividend Yield, and Net Profit Ratio.
Properties:
TAGB.
Chart 3: TAGB, chart from 23/11/2009 to 20/01/2010.
As indicated by A, price of TAGB broke above the RM0.51 resistance level on the 18th of January, 2010, marking a new high. As indicated by B, volume also increased significantly as price broke above the resistance. This suggests that the buying interests was strong as it was sufficient to off set the selling pressure.
However, as profit taking took place, price of TAGB retreated, and failed to maintain above the RM 0.51 level, but still supported by the 14, 21, 31 EMA, which is serving as the dynamic support. Therefore, the uptrend remains intact. Meanwhile, as price retreated, volume shrunk substantially, suggesting that the selling pressure was still relatively lower. Generally, should price retreat with low volume, it is a sign of a healthy correction, provided that the 14, 21, 31 EMA dynamic support is still in place.
Since TAGB is relatively new, the only resistance right now is at RM 0.53 level. If price should rebound from the 14, 21, 31 EMA, and break above the RM0.53, it would be a new high. But still, investors should have a sound trading plan in trading new counter, and hold on to the positions when price is still supported by the dynamic support, and if price should break below the dynamic support, it would be a signal to take profit or to cut loss.
Conclusion:
Whenever price breaks above the a resistance, investors should be prepared and take charge of the opportunity, while prepare for a logical trading plan. If the broad market condition is favorable, and the risk management is well handled, the probabilities of a positive return is attainable with controlled risk.
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