FBMKLCI Indicators
Bollinger band contracted 22%, indicates KLCI30 consolidation
RSI closed at 79.91, indicates KLCI30 are consolidate with bullish biased.
STC %K=87.19, %D=83.15. Indicates KLCI30 are consolidate with bullish biased.
MACD flat with rounding top, KLCI30 consolidation.
KLCI nearest resistance level is remain at 1300. The support level is 1293 (the Bollinger mid-band). Nevertheless FBMKCI still bullish biased in the mid-term.
Review on our stocks pick
Redtone up 8% and closed at 0.405.The highest price today is 0.42 and right now 0.42 became the immediate resistance. If it can by pass the 0.42 this week, it will retest the next resistance at 0.48. All indicators still bullish, uptrend still intact.
GHLsys up 3.3% but it formed a doji star with volume decreses. Short term could turn side way to correction.
Stocks pick for tomorrow (Tues 19/1/10)
Hevea just broke out from the trend line today and closes at the highest price at 0.73, up 6.6%. The Bollinger band expanded 41%. The MACD line hooked up again, and all other indicators like STC and RSI are showing Hevea is bullish biased. The nearest resistance is 0.785 and the support is at the BBMB 0.68.
Keyasic is another stock to watch after it broke out from the symmetrical triangle. However Keyasic is facing a strong resistance at 0.52/0.53. If it could bypass these hurdles, the next resistance is the 200 days MA long term resistance at 0.55/0.56. Once these hurdles are clear, it will goes higher with less resistances. The Bollinger band expanded 55%. The MACD line hooked up again, and all other indicators like STC and RSI are showing Keyasci is bullish biased. The nearest resistance is 0.52/0.53 and the support is at 0.47/0.46.
Other stocks to consider
Low risk for conservative investors
HAIO, PBBank and PBBank-01
Medium Risk investors
Evergrn, Kencana and Faber
High Risk investors
LBS, Frontkn, DBE and Etitech
Take: Always efforce cut loss policy if your stock broke down the support
