Portfolio Performance @ 7 Jan 2011

Portfolio Performance @ 7 Jan 2011

Review of MEGB stock price for this week
As refer to the Chart below, it shows that MEGB's share price increased tremendously from its opening price of RM2.16 on 5 Jan (Wed) to RM2.50 closed on 6 Jan 2010 (Thu) and intra-day high of RM2.59 on 6 Jan 2010 (Thu). During these two days, its trade volume was also increased tremendously as it had been circled in red colour in the chart below.

Why is this counter attracted so many buyers during these two days? Who were those buyers? The answers can be that buyers are:
1) those who believe MEGB's good business prospect and its strong fundamentals.
2) those who has obtained some inside positve news, which will be annouced soon.
3) those who just follow and chasing along the price on its way up, they are chaser.
However, I tend to believe that the buyers are most likely those who admire MEGB's good business prospect and its strong fundamental and those chasers.

After rising in a row of 4 days, MEGB fell to RM2.39 closed on 7 Jan 2010 last friday, trade volume was relative thin as compared to 5-6 Jan 2010. Hence, i believe that this should be the sign of profit taking by those chasers. Those who bought MEGB according to its good business prospect and strong fundamentals during 5-6 Jan 2010 are mostly remained holding it. If profit taking will continue next monday, that may be an opportunity to grasp at low. Unfortunately, i will have a full day meeting next monday, I shall not have time to look at it.

Review of MFCB stock price for this week
MFCB is really disappointed me this week, mainly due to rising in coal price. However, share buyback activity which its management is doing that will help to maintain the share price. Anyway, i shall look for other alternative.

==============================================================================================
The articles below published in http://www.btimes.com.my/

Title : Masterskill's rebound has legs

SHARE prices on Bursa Malaysia staged a follow-through rally on the fourth trading day of 2011 yesterday. Advancing counters outpaced declining counters by 570 to 295.

The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) rebounded from its intra-day low of 1,562.75 to its intra-day high of 1,576.95 yesterday. It closed at 1,568.37 points, giving a day-on-day gain of 2.20 points, or 0.14 per cent.

Masterskill Education Group Bhd rebounded yesterday. Its daily price trend rallied to close at RM2.50, posting a day-on-day gain of 22 sen, or 9.65 per cent.

Chartwise, Masterskill's daily price trend rebounded from its low of RM2.03 on December 20, 2010 all the way up to its intra-day high of RM2.59 yesterday, posting a gain of 56 sen, or 27.58 per cent.



Its 60-minute price trend staged a technical breakout of its intermediate-term overhead resistance (B1:B2) yesterday and continued to close above it.

Its daily fast MACD (Moving Average Convergence Divergence indicator) continued to stay above its daily slow MACD yesterday. Both of its daily fast and slow MACDs continued to stay above their respective neutral reference lines.

Masterskill's 60-minute price trend is likely to stage a follow-through technical rebound with intermittent profit-taking liquidations.

The subject expressed above is based purely on technical analysis and opinions of the writer. It is not a solicitation to buy or sell.
====================================================================================