A sneak peek : Bolton Bhd

This will be the last stock I'll be recommending gratis

[Hopefully, some readers can make enough money on this, if it turns out, to decide on subscribing to my service]

The charts below show the daily, weekly and monthly technical picture for Bolton Bhd.

Things to note :

TECHNICALLY

- MACD has crossed on all three timeframes,an extremely bullish sign for the stock!

- RSI is signalling a continuation of the rally which started at around 63c in early March

- the intermediate resistance at 73c seems to have been overcome on good volume last Friday, but whether the stock will fall back on profit-taking remains to be seen

- However, the likely targets in the current sentimentally bullish environment are 78c followed by 80c.

FUNDAMENTALLY

-Major shareholders have been buying, with one increasing his stake from 19.95 million to 21.93 million shares lately

-In its latest quarterly report, the company seems to be trading at a 51% discount to NAV, and has a trailing P/E of less than 10.

Finally, the Property Sector is being touted in many analysts' reports these days, and Bolton Bhd is one of the most ignored and undervalued gems in this sector.


Daily chart


Weekly chart


Monthly chart

Going into Paid Analysis starting 12th April 2010

Dear faithful blog readers,

Because of my ability to spot profitable trades using technical analysis, I've decided to share my top picks.

Until now, I've only leaked out three winners, two on this blog(Mitrajaya in Feb '10 and Petra in Mar '10), and one in a facebook group(Ramunia in Mar '10), but have kept other profitable trades largely to myself(BinaPuri in Mar '10, WTK in Dec '09 etc etc)

Based on my outlook on the M'sian market(as well as markets globally), I have screened and distilled a select list of stocks that can offer returns as wonderful as the ones revealed so far.

The equity market these days is a difficult and treacherous environment for small retail traders, as many stocks(apart from the quality blue-chips) can remain stagnant for months and cause one's capital to be stuck for an indefinite period of time.

I've decided to share these 'tips' for a small fee of RM63 monthly payable in advance. Subscribers therefore have the option of cancelling on a monthly basis if my advice isn't working out.


Please e-mail me at zirdex@yahoo.com.sg if you are interested in this service

Best regards,

Dominic Lim

Update on my double bottom call(Petra Perdana)

The stock has risen 11% since my March 8th posting. The April Fool's day chart shows the stock overcoming moving average resistance(black line) and this seems to portend further advances in store.


No fooling!