Archive for December, 2010
2:45 pm – TradeGuider Chart of the Day – Proton.
Proton just had a SOW – failed test.
TG Chart Analysis for Proton :
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11:30 am – Look for pullback before getting on Padini !
However, this may be just window dressing.
Here is how you can try out Padini :
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KLSE News: What’s on Table – 30 Dec 2010
JAKS Resources Bhd posted net profit RM1.2m in
the 4Q ended Oct 31, 2010 compared to net loss
RM3.1m a year ago due to recovery in selling
prices of various steel related products and better
margins. 4Q revenue rose 38% to RM85.7m from
RM62.3m last year, on the back of higher revenue
contributed from the steel related products and
recognition of works done for the projects in the
construction division. For the financial year ended
Oct 31, JAKS posted net profit RM2.3m compared
to net loss RM6.8m. Its revenue for the year
however dipped 7% to RM257.3m from RM278.1m
in 2009.On its prospects for the current financial
year, JAKS said the outlook for the steel industry
was expected to improve in anticipation of the
spending for infrastructure and development
projects which requires vast amount of steel
related products. (The Edge Financial Daily)
Mitrajata Holdings Bhd’s unit has secured a
RM53.5m hangar construction contract at Subang
(more…)
9:20 am – Genting may look as distributing from the peak – low vol. breakout !
Need to know more from trading next week – Jan 2011.

Here why I think it is distributing:
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