Malaysia Airline System Berhad

Malaysia Airline System Berhad (MAS), this company name has spread across almost the entire world over the past 9 days and managed to become the most well-known airline in the world.

However, it gets famous not because it has an outstanding service or stellar result, it's just because of MH370 mysteries that make the crowd following the news, as well as condemning the incapabilities of the relevant party in Malaysia. Well, I won't elaborate more the full story here as everyone has knew about it. I want to focus on share market here.

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Proton

After a long from RM2.70 to RM4.50 on few months back, I foreseeing Proton will be back in action again. As a result, I forced myself to enter 1.5 lots into my trading portfolio before closing on yesterday at RM3.73.

I decided to invest on Proton on yesterday evening due to 3 main reasons as below:

(1) The share price has been retraced up to 50% and rested for 2 months, it's time for it to soar back to what it suppose to be.
(2) All technical analysis indicators show "buy" signal.
(3) A very good news on earning of 87% quarter net profit, together with previous quarter of earning profit. This should be able to attract many investors to boost up it's share price.

I couldn't think of even 1 reason not to enter Proton. Can you? Anyway, since I'm driving Proton and I really don't like this product, I plan to hold it for short-term and my minimum profit target will be between RM4.20 and RM4.60. Let's see.