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- Trading Overview of 3 stocks: SUMATEC, SKPRES, TEKALA
SUMATEC RESOURCES BHD SUMATEC (1201)
Industry: natural resources and energy sector, soil product storage & Terminalling; exploration & development of marginal oil fields, engineering & construction (oil & gas facilities); supply & management of coastal marine oil transportation; supply & management of onshore rigs & related equipments(oil & gas facilities); design, build and operate biomass renewable energy power plants; construction work in the oil and gas facilities and exploration & mining of base metals (gold, copper & iron etc) based in Azerbaijan, Cameroon, Cambodia, Maldives, Singapore and Vietnam.
Company website: http://www.sumatec.com/
SUMATEC (1201.KL) : StarBiz said a clear breakout of the 60 sen to 63 sen range may propel prices to the RM1.14 to RM1.20 band in the medium term. PN17 stock, now i see a batman at the bottom, means the big boys have accumulated enough shares, time to fly. sumatec RM0.645 is strong support currently, just waiting patiently for CCI sell signal to exit.
SKP RESOURCES BHD SKPRES (7155)
Industry: manufacturing sector specialises in the production of distinct products
Company website: http://www.skpres.com/
TEKALA CORPORATION BHD TEKALA (6378)
Industry: timber processing, vessel chartering and investment holding
Company website: http://www.tekala.com.my/
TEKALA (6378.KL) , accumulation phase my view. This company sure can make as takala , if able to move above 30c beware of 34c may have resistance then follow by 44c. It have a monthly ascending triangle breakout with strong volume. I had seen many cases of such extreme spike (px+vol) which crash the next day but of course there are also exceptions.