JAKS FY10P/E: 12.5, P/BV: 0.9x
• Jaks bounced off its recent lows of RM0.765 to cut above the 30- and 50- day SMAs. This upswing is likely to drive Jaks closer to the RM0.97-RM1.07 resistance trend line.
• The improving technical landscape bodes well for its recovery. MACD has staged a positive crossover while RSI is rising towards the upper band of the neutral zone.
• As long as the candles are holding above the support trend line, any share price weakness towards the RM0.80 support is an opportunity to accumulate. However, keep stop tight below RM0.765.
KHSB FY09P/E: N/A, P/BV: 0.7x
• KHSB is fast approaching the resistance trend line. In the past, this proved to be a strong hindrance. Assuming history repeats itself, investors should do well taking some profits towards the RM0.63 resistance.
• MACD has just hooked up while its RSI is edging towards the overbought territory. If the RM0.63 target is taken out, next upside target is seen at RM0.65 and RM0.69.
• Immediate support is at RM0.55, followed by RM0.505 and RM0.465 next. For investors who missed earlier boat, you might want to accumulate during technical pullbacks. For now, it is a sell into strength.
UEMLAND FY09P/E: 58.9x, P/BV: 5.5x
• UEM Land tumbled below its uptrend channel in June. However, selling pressure appears to be well-supported. So long as its candlesticks hold above RM1.55, its 50-day SMA, there is a high likelihood that it may rise to test the RM1.78 trend line resistance soon.
• MACD histogram bars have turned positive, suggesting that momentum is slowly picking up. The positive RSI reading also bodes well for its recovery. Support is at RM1.46 and RM1.35.
• Traders with greater risk appetite may start to nibble near to the stipulated support zone. Cut losses if it falls below RM1.32.
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