Hidden inside every chart is a story. A story about where the price has been and where it might go in the future. Some stories are obvious. Others are a little more difficult to figure out.
Thursday, August 31, 2006
KINSTEL (5060)
Strong Uptrend - Buy on pullback toward 1.25
For 8/30/2006 the closing price was 1.3500.
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
The projected upper bound is: 1.46.
The projected lower bound is: 1.25.
Business Activity:
TRADING OF IRON STEEL BARS AND RELATED PRODUCTS PROPERTY INVESTMENT
Recent Announcement:
KINSTEEL - DIRECTOR SHARE PURCHASE DURING CLOSED PERIOD
KINSTEEL reported that LEW CHOON, officer, had from Aug 21-28, 2006 purchased 28,200 shares in the Company at RM1.17 to RM1.278 per share during the closed period.
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