Category Archives: Construction

Stocks to Watch: Airasia [5099], CMSB [2852], AZRB [7078]

Last week was an exciting week as it was the first week after weeks of net selling by the foreign funds our local institutions and retailers turned from net buyers to net sellers. Index managed to move higher but volume wasn’t encouraging. There are several shares that are worth keeping an eye on as the sentiment shifted in favor of the bulls. We shall start with Airasia [5099].

airasia

Stocks to Watch: Padini [7052], Sendai [5205]

As requested by some of the readers, we shall discuss on Padini and Sendai today. Let’s begin our analysis with Padini [7052].

padini (1)
Ever since the uptrend was projected in late February, share price of Padini has been moving up gradually. Just recently, it hit a short-term high of RM2.10 on the 9th of April before falling for 4 consecutive days, partly due to poor market sentiment. The share price was dragged below its upward channel to its horizontal support of RM1.86 yesterday and after trading at a tight range, price managed to close higher at RM1.88 today. The signal for potential reversal and limited downside risk at the current price level means that long-term investors/ traders should start accumulating this share now. While the upward channel is no longer valid, the uptrend remains intact as long as the crucial RM1.86/RM1.85 support is not breached.