PADINI join the billion dollar club!

PADINI, the well known homegrown fashion retailer in Malaysia has just become more popular. Its share price has surge above RM1.52 this morning, thus put the stock market capital above 1 billion ringgit.

From my point of view, this is a huge milestone for the company as it may starting to get more attention from local and international funds. As a fundamentally good company, PADINI therefore may be value at P/E between 10-14 times.

Technical chart suggest that the share price took off at a faster pace than i thought. Low tide will come after the high. I think the share price may cold down a little bit in the short term.

Read more...

DAIBOCI start moving

Technical Outlook
I manage to draw a symmetrical triangle trendline for DAIBOCI base on its  share price movement for the past two years. It is a continuation pattern.

Last month, share price manage to break above resistance RM2.65 and stay above. Today, it closed at RM2.89. I think the uptrend has started.

Immediate resistance RM3.00, then RM3.30. Guess what, when i put the widest distance into measure, it gives me a RM1.68 different. Apply into RM2.65(the breakout point) put the target price to a whopping RM4.33, near to 50% upside.....haha

Read more...

QL downtrend's over

Technical Outlook
QL shareprice been trending down since May 2011, from RM3.30 or even RM3.45 if you like.

On 15/12/2011, it break above resistance RM2.90, with a fair volume. It has move up 7%, and share price standing firm at RM3.09 today. Immediate next resistance RM3.20, follow by RM3.30. MACD, ADX as well as moving average show positive signal.

Read more...