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WITHOUT DISCIPLINE YOU CANNOT ACHIEVE SUCCESS, IN ANY FIELD

Sunday, January 20, 2013

Kimlun Corporation Bhd (KICB.KL)

Overview:
Kimlun Corporation Berhad is an investment holding company. The Company operates in four segments: Construction, Manufacturing of concrete products and trading of building materials, Investment and property development. 
The Company is engaged in the provision of engineering and construction services specializing in infrastructure and building construction, project management, industrial building systems and manufacture of concrete products. 
In addition, it also trades in construction and building materials. Its building construction services include the construction of shop houses, low and high-rise residential buildings, commercial and industrial buildings (and related structures). 
IBS department provides design and build services for IBS projects. 
On January 28, 2011, through Kimlun Land Sdn. Bhd. it acquired Posh Atlantic Sdn. Bhd. 
On December 6, 2012, Kimlun Land Sdn Bhd, a wholly owned subsidiary of the Company has incorporated a wholly owned subsidiary, Kimlun Medini Sdn Bhd.



Trading Plan:
Entry: RM 1.49
Profit: RM 1.65
Cut loss: RM 1.45
RRR (Risk to Reward Ratio)> 1 : 4

Analysis:
1) Trendline - Above 20MA
2) Volume: High
3) MACD: Green (Positive>Bullish)
4) Smoothed RSI : At 78.4%. Overbought?
5) Support/Resistance: Supported at RM 1.42.
6) Beta: --
7) Candlestick: --
8) Pattern: Bullish




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