Airasia – 5099: Uptrend consolidation.
Chart 1: Airasia – 5099 (14/04/2010～5/08/2010)
Ever since price returned to above the 14, 21, 31 EMA in July, it formed an uptrend, with the 14, 21, 31 EMA serving as the dynamic support.
Despite a couple times of having a correction, price of Airasia remained above the rising 14, 21, 31 EMA, thus the uptrend is still intact.
As shown on chart 1, immediate resistance for Airasia is at RM1.55 level, and after being resisted by the RM1.55 resistance, price did not react negatively but was only moving sideways, which suggests that the selling pressure was low, and generally, a positive sign.
If price should rebound from the 14, 21, 31 EMA, with strong volume, it would form another higher-low, which suggests a continuation of the uptrend, it would be a buy signal. If one should buy with this signal, he or she has to apply the 14, 21, 31 EMA as the trailing stop reference immediate after buying. And as long as price could stay above the 14, 21, 31 EMA, he or she should hold, until price should break below the 14, 21, 31 EMA, then it would be a signal to take profit or to cut loss. Next resistance for Airasia is seen at RM1.62～RM1.65.
| 4 Q Rolling PER | 6.41 times | Dividend Yield | 0% |
| Dividend | Dividend Yield | Net Profit Ratio | |
| 31/12/2009 | 0 sen | 0 % | 17.27 % |
| 31/12/2008 | 0 sen | 0 % | -17.87% |
| 31/12/2007 | 0 sen | 0 % | 38.90 % |
| 31/12/2006 | 0 sen | 0 % | 31.07 % |
| 31/12/2005 | 0 sen | 0 % | 10.25 % |
Table 1: Airasia – 5099, yearly dividend, dividend yield, and net profit ratio.
Genting – 3182: Uptrend remains.
Chart 2: Genting – 3182 (14/04/2010～ 05/08/2010)
Since breaking above the 14, 21, 31 EMA on the 31stof May, Genting resumed its uptrend, an until now, the uptrend is still intact, gaining about RM1.23 or 18%. As shown on chart 2, immediate resistance of Genting is at RM8.07, and despite a technical correction, the 14, 21, 31 EMA dynamic support remains intact.
If price should rebound from the 14, 21, 31 EMA with strong volume, there is a good chance for Genting to re-test or even to break above the RM8.07 resistance. If price should break above the RM8.07, it would be making a 32 months new high. As for investors who are holding this stock, it is a good idea to keep it as long as the price is still staying above the 14, 21, 31 EMA. If price should break below the 14, 21, 31 EMA, it would be a signal to take profit or to cut loss.
As for investors who are interested to buy, he or she has to wait for the next higher-low above the 14, 21, 31 EMA, preferably with strong volume. Then, immediately after buying, he or she shall apply the 14, 21, 31 EMA as the trailing stop reference. Next resistance for Genting is seen at RM8.50
| 4 Q Rolling PER | 27.45 times | Dividend Yield | 0.91% |
| Dividend | Dividend Yield | Net Profit Ratio | |
| 31/12/2009 | 7.20 sen | 1.14 % | 11.74 % |
| 31/12/2008 | 7 sen | 1.89 % | 6.27 % |
| 31/12/2007 | 37 sen | 0.98 % | 12.15 % |
| 31/12/2006 | 32 sen | 0.97 % | 21.66% |
| 31/12/2005 | 29 sen | 1.36 % | 22.86 % |
Table 2: Genting – 3182, yearly dividend, dividend yield, net profit ratio.
Ranhill – 5030: forming an uptrend.
Chart 3: Ranhill – 5030 (14/04/2010～05/08/2010)
As shown on chart 3, price of Ranhill has been moving sideways for about 2 months. Due to the increased of volume, which suggested some increased of inflow of fresh capital, price break away from its sideways movement, and gained strength. Although after the rally, price pulled back, it managed to stay above the 14, 21, 3 1EMA, which is also rising, and serving as the dynamic support, thus Ranhill is likely to form an uptrend.
As indicated by A, price of Ranhill tested the RM0.82 level a few times, but as price retreat after being resisted by the MR0.82 level, volume was rather small, suggesting that the profit taking activities was mild. However, when price rebound from the 14, 21, 31 EMA, volume was strong, suggesting that the buying interests was strong. Therefore, if this buying interest should continue, price is expected to break above RM0.82, and continue its uptrend, with the 14, 21, 31 EMA continue serving as the dynamic support.
Generally, it is a good idea to keep this stock if price should continue staying above the 14, 21, 31 EMA, and if price should break below the 14, 21, 31 EMA, it would be a signal to take profit or to cut loss. Next resistance is seen at RM0.855 followed by RM0.915.
| 4 Q Rolling PER | 1.91 times | Dividend Yield | 1.22% |
| Dividend | Dividend Yield | Net Profit Ratio | |
| 30/6/2009 | 1 sen | 1.10% | 10.29% |
| 30/6/2008 | 0 sen | 0% | -36.75% |
| 30/6/2007 | 0 sen | 0% | 7.92% |
| 30/6/2006 | 1.5 sen | 1.16% | -0.89% |
| 30/6/2005 | 1.5 sen | 1.19% | 2.22% |
Table 3: Ranhill – 5030, yearly dividend, dividend yield, and net profit ratio.
Conclusion:
Technically, the most ideal consolidation would be a low-fluctuation, sideways movement. When price is moving sideways, selling pressure is generally low, and therefore, it will have a positive effect in helping the continuation of the existing uptrend.
Copyright © 2009 Straits Index (M) Sdn BhdImportant Disclaimer:These content provided by Straits Index (M) Sdn Bhd is solely for education and information purposes only, and do not suggest any investment advices. All information displayed are believed to be accurate and reliable. Interpretation of the data or analysis is at the reader's own risk. Straits Index (M) Sdn Bhd reserves the rights but obligations to update, admen, or even terminate the materials. 重要声明:以上的内容由海峡指数(马)私人有限公司提供,纯粹是教育性质, 并不是任何的投资忠告。所有资料显示认为是准确和可靠的。对数据或分析的解释和用途是在于用户自己的风险。海峡指数(马)有限公司持有保留及义务更新,甚 至终止材料的权利。
