Get Focus On This Penny Stock Perisai (0047),Klse

Dow Jones has already touched the psychological barrier of 13,000 points, but not strong enough to leap even further. We hope that the trend is always calm and steady, and the stocks manage to proceed into a normal mode, according to what was happening before the tragedy of World Trade Center some years ago.

The Asian stocks also managed to follow that scenario, and we hope this positive track could be sustained for a couple of months ahead, before man made correction is done.

For small investors, who are mostly depending on stocks to invest, they want to find a way how to use the money so that they could get some profit while ahead. But the resistance of 13,000 is still haunting their mind. So I think the best way is to ask these key players what they are going to do next. They have a lot of money to monopolize the market. They are the determinant of the uptrend and the downtrend so far. So are we going to stay on the sideline?  Or jump into any stocks that may show some sign of positive outlook.

At a glance I could trace a few stocks that shown some sign of bullish retracement. This is only an idea. Sometimes it contradicts to what we have strongly approved before.

Alright, let us start with our discussion today. The stock to stay tune is Perisai. With EPS of 1.49 , it is a good assumption to make a little study on this stock and make a right decision later. The graph shown below was the performance of the stock within 3 months till yesterday.

The nearest resistance is somewhere around 0.98sen and 0.99sen.

DRB-Hicom Bhd, a Potential Stock Tends to go Higher!

Over the last few weeks we saw Proton share was given the opportunity to climb higher and higher until the price was seen dormant at RM 5.40 price. It was said  that the share will be bought by DRB-Hicom Berhad Conglomerate at the pricing deal of RM5.50, for a total cost of 3 billion ringgit. The deal was announced on January the 16th. On the announcement date, the Proton's share and the DRB-Hicom share  were suspended. After the opening hour, the next day the price of Proton has arisen up to RM5.47, before it was closed at RM5.41 on that same day.. Since then, the price of Proton never rose, only fluctuated within a very close range.
While within that same  period the share of DRB-Hicom only showed a little sign of positive momentum. However, a few days later, the DRB share began to show sign of increment..  On January the 17th, the share was closed at  RM 2.10, and on January the 31st, the share price has touched up to RM2.87. What a great debut!

        Daily Closing Price for Proton and Drb-Hicom as date stated

The sign of buying opportunity was traced on the 20th January. Look at the chart to see the outlook

On the 31st January the stock price still increasing and closed at RM2.83. Don't be greedy, and watch out when the big selling out  is seen.
Stay tune.