Stock Watch: CIMB (1023), VS (6963), TEKSENG (7200)


Stock Watch: CIMB (1023), VS (6963), TEKSENG (7200)

(Disclaimer: This is not a buy or sell call. Stock watch only serves as updates on selected stocks)

  1. CIMB
            This is the 2nd coverage of CIMB, and a 10% gain in price has been seen for the past few trading sessions. Technically, MACD are strong with RSI in the overbought region. Readers are advised to monitor CIMB price movement these few days. Potential entry can be found between RM4.69~RM4.72 with immediate support at RM4.69. CIMB price is likely to trend up to the next resistance at RM4.87 before another correction.
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  1. VS
            This is the 3rd coverage of VS. A 10% gain has been achieved since first coverage.  Technically, MACD has been in the high ground for almost a month with RSI slightly below overbought region. Readers are advised to monitor VS price movement. Potential entry can be found between RM1.40~RM1.44 with immediate support at RM1.39. Despite the announcement on award of a contract for new coffee brewer with a value of 83mil, the past rally may already factored in this award, hence a break up of resistance at RM1.46 and RM1.51 may be less likely until the next QR
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  1. TEKSENG
After the coverage on Monday, TEKSENG faced profit taking today and price directly touched the support at RM1.06. Readers are advised to monitor TEKSENG price movement closely, if the resistance at RM1.06 breaks down, do cut loss.
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Stock Watch: CIMB (1023), VS (6963), TEKSENG (7200)
 http://www.investforlife.com.my/stock-watch-cimb-vs-tekseng/