Plenitude (Bursa Malaysia: 5075)

Like all properties stocks, Plenitude have also move out of its long consolidation which saw its share price hitting a low of 1.13 in 2005.

Since then it have been on a gradual uptrend hitting a high of 3.06. After the sell-off in march 2007 which saw its price plunging to 1.59.

After almost 2-3 mths of sideways consolidation the stock attempt a breakout today. If volume increases, this stock have a very good chance of attempting a technical target of at least 3.50.

Fundamentally this stock have a single digits PE of only 8.3 and has an NTA of 3.70.

With properties stocks on rotational play this stock is a Buy for immediate target
of 3.50.

Pilecon (Bursa Malaysia: 4073)

A very successful construction stock during the prime days too have a share of its very bad years.

After consolidation for years the stocks finally came alive in 2007 with volume showing heavy accumulation.

RM0.42 level have been a tough resistant for the stock. A breakout above this level with strong volume will scale it to a higher level gradually.

Resistance along the way are peg at 0.52, 0.63, 0.76 then 0.98 to 1.00.

Expect profit taking to fluctuate on its way up. Pilecome is a stock to watch.

BUY ON DIP or Accumulate on weakness.

Johor Land (Bursa Malaysia: 6564)

After consolidating for almost 6 yrs this stk came alive in 2007. Its immediate resistant is at 1.60 on penetration with vol. The next is at 1.75 with a ultimate target price of 1.95.

Shanghai Stock Exchange Index

Shanghai index is at a critical position. If 3500 does not hold and if it breakdown, a DOUBLE TOP formation is confirm with a technical target of 3000 at least.

Most likely to benefit at the expense of Shanghai will be Hong Kong stock exchange. When funds from mainland exit to buy Hong Kong  stocks.