16 Dec 2011
Metro Kajang Holdings Berhad (MKH) is an investment holding company which provides project and building and develops property. The company operates employment agency, provides cleaning services, and operates a recreational club. It also provides building and civil works engineering and money lending services.
MKH made a major daily Wave C low of RM1.25 on 26 September 2011, with oversold and bullish divergent signals. Furthermore, all of its positive indicators are strongly supportive of much further upside. We feel that MKH will surge in the period mentioned above.
SHORT-TERM BUY (TECHNICAL) on dips for MKH with its firm support areas of RM1.40 and RM1.64. The potential Wave 3 & 5 upside target areas is located at RM1.84, RM1.95 and RM1.99. Stop-loss is at RM1.38.
Some trading stocks that we like are: BOXPAK,
CARLSBG, IGB, GAB, KPJ, LIONFIB, METROK, TM,
and VS.
FBM KLCI: Key Points
MKH – Inching up nicely & clearly too
FBMKLCI – Liquidate on rallies
Weaker supports of 1,447 & 1,462
1,464 & 1,490 will cap the rebounds
(Information from MBB)
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