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The week of 18 August – 24 August 2016
Volume 28 Number 01
Shares selected under this section are based on chart/technical analysis and are meant for short-term traders.
It is not intended for contra trading. Traders should note that in actual trading conditions, stop-loss targets may
not be fulfilled. This section is not for the novice or the uninitiated. The arithmetic of trading or investing is not
symmetrical. If you lose 50%, you need to make 100% to get back to the level of your original sum.
For new readers, please see our brief on technical analysis for explanation of stop-loss and trailing stop. It is sent
separately.
— Paul Tudor Jones
Everything
gets destroyed a
hundred times
faster than it is
built up.
Trading Portfolio for the printed edition has added features for traders – see table below.
However, the rating for this Section remains based on chart and technical analysis.
H
| Trading Picks
BPPlastics Holding Bhd
(5100)
Alliance Financial Group
Berhad
(2488)
BP Plastics Holding Bhd’s rebound ended when it
hit the resistance of its price channel as well as the
resistance of its 23.6% Fibonacci retracement line.
It looks set for another round of plunge as its daily
MACD remains bearish. Meanwhile, its daily DMI is
also trying to turn bearish. As such,
i
Capital rates BP
Plastics Holding as a trading Sell with a target price
range of RM1.20-RM1.25.
The resistance from the upper boundary of its
descending price channel held firmly and Alliance
Financial Group Berhad has been hovering around it
for months. Its weekly MACD has shaped a bearish
crossover. As such,
i
Capital rates Alliance Financial
Group as a trading Sell with a target price of RM2.70.
AFG (2488)
No. of Shares Outstanding
1,548,106,000
Trailing EPS (sen)
33.72
Trailing PER (times)
11.77
Trailing Dividends (sen)
14.50
Gross Dividend Yield (%)
3.65
Book Value per Share (RM)
3.13
Current Price
RM3.97
BPPLAS (5100)
No. of Shares Outstanding
187,688,000
Trailing EPS (sen)
13.31
Trailing PER (times)
12.17
Trailing Dividends (sen)
7.00
Gross Dividend Yield (%)
4.32
Book Value per Share (RM)
0.89
Current Price
RM1.62
35
Capital Dynamics Sdn Bhd