Friday, November 20, 2009

Another correction day 20/11

FBM KLCI droped 2.29% today with lower volume about 858 Mil shares exchanged. Losers beat gainers by 366 vs 273. The correction is moderate today

Supermx faces a strong resistance at 4.10 and retreated below the support level 4.04 which broke in the morning. Now 4.04 became the immediate resistance.

Adventa confirmed stay about the trend line support at 2.26 but it unable to sustain above 2.35. We believe it will retest 2.35 again soon.

Any stocks for you to pay attention?
Please keep side line first as the market is under correction. We really cannot find any good stock to buy except Adventa is worth to look into it if it ables to sustain above 2.31 with buying interest. Of course there are a few small stocks like Salcon and Bjcorp are moving up but we don't recommend to buy them at this bad time. If the market come back on next Monday, we will post 1 or 2 counters on our mid-day update. Please remember to login after lunch.

Our stocks performance
Supermx went up 2.3%, closing at 4.01
Adventa went up 3.59%, closing at 2.31
Mudajya went down 0.64%, closing at 4.69
Maxis went down 0.92%, closing at 5.37

Also see more chart patterns on my other Blog
Chart Pattern

Watch List

IGB - Cannot sustains at 2.00 and 1.97 due to profit taking. Closing at 1.95. The resistance still at 1.97 and the support is 1.90.