Trading Ideas. EPMB

EPMB. weekly, daily & 3o min charts

First of all Happy belated 2010.
Procastination is a serious evil that negates frequent updates on this blog.
So...lets not procastinate anymore. :)

I'm sure u've read some bearish analyst reports on the KLCI in general. A well-known Maybank chartist/analyst has been bearish since more than 1 year ago.
Well, my 1-sen take is...the hell with bearish analysts & reports (with all due respect). If the market do eventually become bearish, then lets look for the "bull within the bear".

The first trading idea post for 2010...

EPMB. Trading Ideas.
S1: 0.475
R1: 0.52
R2: 0.56
R3: 0.59
R4 : 0.62

Why?
1. Rising stochs, Daily MA crossover?, slow rising MACD
2. Dali (of Malaysia-Finance Blogspot) has written a good piece on why he likes EPMB in early January 2010.
3. EPMB has been making some quick runs from mid-December 2009 right up to mid-January 2010. Since then it has been on a retracement path & seems to be forming a new (higher) base at the moment.
Is EPMB due for another quick run?