The KLCI pushed up to above 1270 in the last minute. The chart and the key indicators look better now but the volume is a big concern for us. The last minute pushed up could be the market action for year-end window dressing. If the price went up without any support from the volume, it could be a weak and quick one to finish the year-end show. Let's hope for volume to come back tomorrow.
Etitech today broke down 0.455 and closed at 0.45. So the bullish divergence has not form yet. We will re-visit this stock if it found a support later. We will re-visit other stocks on the watch list yesterday, as they are not performing today. The chances of moving up is still intact.
REXIT, which mentioned by our JK, is flat and little volume today. This could be one of the "Black Horses" that we won't know. JK is good on spotting the "Black Horses" like Eng and Notion before they really take off but you need to hold for a while. We will recommend more this kind of stock in future.
LCL finally found its support at 0.17 yesterday after Abu Dhabi's move to provide $10 billion in aid to Dubai World on Monday. However we try to avoid this stock for the time being. It is still uncertain on its financial status.
Rubber glove's family is still a highly recommended stocks for mid to long-term holding. They are at least good until year 2011. I don't have to mention why you need to buy and hold them, there are many analysts already done the job for us. If you want any article please email to me. Today the rubber glove's family was in action again. I like Adventa and Supermx but TopGlove, Harta, Latexx and Kossan also a good counters for long term plan.
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Gamuda consolidates well above 2.67 for 8 days. The MACD rounded bottom and the price is going to stay above BBMB soon. Keep monitoring.
3A - Watch for break out 10 days MV=BBMB=Trend line at 1.37. The resistances are 1.45, 1.60 and 1.77. The support is 1.35 and 1.25.
KNM - If you remember my posting on 28/11 on my Tutorial page before, I mentioned KNM if break down 0.74 it will test 0.69. The lowest it went down is 0.70 and found a temporary ground there. Today it broke out 0.74 and stay above it to close at 0.745. The trend is reversing to up trend now after a 2 days pushed up. It stands above 200 days MV, a very important pivot point now for continuation of up trend. Since there is a gap above it now, we expect a stronger resistance above 0.76. If you bought it today or going to buy it tomorrow, you need to set a cut loss point at or below 0.71.
