IOI

IOI Corp had on 20/8/2008 traded higher to an intra-day high of RM4.86 in smaller volume beforesettled at RM4.80 on the same day.Where would be the immediate overhead resistance for IOI Corp ? The way IOI Corp carried itselfwas seen a little encouraging with buying pressure likely to press their luck today; however,resistance selling can be expected between RM5.00 – RM5.20. Assess your acceptable risk levelbefore making the decision given the uncertainty in external environment.Technical wise :(1) MACD line cut up the Signal line on 15/8/2008 to give a “buy” signal.(2) +DMI crossed below-DMI on 8/8/2008 to indicate a “down” move.(3) %K line cut down the %D line to give a “sell” signal on 8/8/2008.

TO Those have fate...WATCH TENAGA (5347)

Pls WATCH 5347 this two weeks...buy at low...sell it early September.