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KLSE: Trinity (2259)

On 3/11/2011, I helped my friend to scan through the trinity technical chart. The chart show that the breaking price for trinity on that time is RM0.065, and expected 43% gain yield.

yesterday 13/3/2012, i recheck the chart and found that the price has soared to RM0.085 in a very short period right after I share this news to my friend.

Here is the chart.

On 3/11/2011 http://www.malaysiaboleh.com.my/trinity-forecast/

the chart on 12/3/2012

Trading Idea: Brahims 9474

Brahims (9474) soars after the announcement on 18 Jan 2012, which Brahim’s will subscribe for a 60% stake in Admuda Sdn Bhd via cash and shares.

Refer to the chart, the recently pullback reflects that showing Brahims is setting up his base. This takes the form of a Pennant Bullish Chart Formation.

Trading Idea: Padini 7052

Resources from few securities remain buy on Padini 7052.

Research has upgraded the target price for Padini to be RM1.75 – RM1.85.

According to research, the Padini’s store expansion plan for year 2012 is agreesive, hence Padini should be able to pay higher dividend in the coming quarter.

Current Price RM1.58

TRINITY Forecast

One of my brother ask me about trinity, i am not familiar with this, however, based on the quick scan, the chart show that :-

1) Breaking price RM0.065

2) Support price RM0.055

* Buy if price break RM0.065 and expected a 20% earning and sell.
* Sell if price drop below support line RM0.055

Hubline setting up base

Hubline, setting up his base at 0.12 – 0.13 after plummet from his support line at 0.16. the new support line now is 0.12.

The next resistance is RM0.13 and support is RM0.12.

based on the latest chart, the Parabolic, Stochastic, Volume show a good sign. The strong signal to be confirm once break 0.13.