ZLBT Chats

Friday, April 1, 2011

ZLBT Raqndom Stock Pick >>> AXIATA / TENAGA

AXIATA >>> Technical Comments 
Triple buy signals on the daily stochastics, DMI and MACD trend indicators on Axiata support further upside bias to re-visit the 18/2/11 high of RM5.19, with a confirmed breakout to target RM5.58 (1.236FP), RM5.83 (1.382FP) and RM6.02 (1.5FP) going forward.
TENAGA >>> Technical Comments 
The rebound on Tenaga shares yesterday triggered fresh buy signals on the DMI and MACD trend indicators, boosting upside momentum for breakout above RM6.29 (23.6%FR) to target RM6.51 (38.2%FR) and RM6.69 (50%FR) ahead. Key support is at RM5.94, the 11/2/11 low.

DISCLAIMER
The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like produc
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