Wednesday, November 18, 2009

Market update 18/11 Wed

The market getting better toward the late afternoon session but the KLCL still loss 4.85 points. The market now consider as mild correction with gainers beat losers by 347 vs 296 with 945 mil shares traded. Annjoo getting a litttle bit active at about 4pm, we bought some of it at about 2.87. We still need to be cautioned.

New stock to watch

Keyasic - It had broken the trend line with higher volume today. Immediate resistance is 0.56, 0.585 and 0.63. Watch out for volume increase in the next 2-3 days because we need new money to replace the investors who had stucked at that levels and wanted to exit.

Adventa - watch out for volume grow and breaks 2.35

DIJACOR - Earning suprise, growth 2400%

Our Positions

Tchong + 3.16, hold
Annjoo +1.75, hold

Others in the watch list

WCT
Dayang
Sapcres
TA
Dialog
MRCB
KFIMA