Buy at the support level @ RM7.50-Rm7.60. Put your stop loss @ Rm7.31. The counter is a slow one and one of the dividend share in our book – Dividends Dont Lie. The only thing I dislike is the low vol on the breakout.
disclaimer
For kelleylee98@….
Disclaimer:
What’s on the table
Gamuda 3QFY10 in line – Setting MRT wheels in motion
Although Gamuda’s annualised 9MFY7/10 core net profit made up 89% of our full-year forecast and 92% of consensus, we deem the results to be broadly in line as 4Q10 should be stronger, driven by better construction margins and property sales. The second interim DPS of 6 sen was also in line,
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That’s good. Uptrend still intact after a 18L/C
Phillip, stay with uptrend. If it break Rm3.40 successful, look for pullback. Don’t listen to remisier say’g it wud go to Rm4-5. It’s all a lie to me. If you are not in this stock, look for a pullback or a test before commit’g. There’s high vol in the backgrd — sign of weakness to come.
As for MBSB, it is going to pullback soon as it has move up. Don’t let your emotional or your remisier tell you when to buy, look at the chart (same as for Gamuda) and a probability to enter when the odds are stacked on you, NOT AGAINST you.
for the short term, KLCi is likely to move sideway or downward.
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