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13-Sep, Closing Updates:
Today's Asia Markets is very bullish, overall up ranging from 0.55% to 2.55%. Thus far at around 6:00pm, the Europe markets up ranging from 0.42% to 1.33%. Our
FBMKLCI closed at 1456.96, up +19.18, +1.33%. The overall market is very bullish. 542 up counters and 218 down counters with total volume of 843mil shares transacted.
With this bullish momentum, our FBMKLCI may possibly target toward 1500 psychologically shortly.
5347 TENAGA (13-Sep, Closed)We had alerted the potential of this counter since last Thursday (9-Sep) and during Sat BM meeting. After T+5 days correction, it was supported by the BMB10 (8.93) and rebounded as shown on the chart. It formed another higher low supported at BMB10. Short and mid terms trailing stops are set below dynamic ema31 or BMB10.
(Note: Formerly there is an announcement that after Raya may debate to increase rate.)
9679 WCT (13-Sep, closed)During 3-Sep, we had triggerred this is an early bird for mid-term. Stably supported by the ema14,21,31. Most of the secondary indocators are supporting the uptrend momentum.
The upside prospective targets are: 3.06, 3.12, 3.25, 3.45, 3.60, 3.75; The trailing stop is below dynamic ema14,21,31 or BMB10;
(WCT-WB expiry is 22-Apr-2013);
5398 GAMUDA (13-Sep, Closed)
This counter is supported by the BMB10 and rebounded. Today is T+4, T+5 day, the volume is picking up significantly. It finally breaks out closed at 3.70 above 3.68 previous high. The next possible targets are: 3.76, 3.90, 4.12; Short term and mid term trailing stops are below BMB10
(currently 3.53) or ema31 (currently 3.45);(Gamuda-WD expiry is 25-May-2015);
1023 CIMB (13-Sep, Closed)
Today is T+4, CIMB finally breaks up closed at 8.05 above line L1. At this stage, the new retreating support level should be L1 now. Bollinger band 10 expended 14% above bollinger middle band (BMB10 around 7.90). MACD histogram forming a round bottom is a positive. Short term and midterm cut loss short below dynamic BMB10 (around 7.90) or ema14.
5185 AFFIN (13-Sep, Closed)Finally, Affin manages to closed above 3.10. Bollinger band expended 64% today. Most of the secondary indicators are very supportive to the up trend movement. The next possible targets are: 3.16, 3.31, 3.54, 3.92; The trailing stop is set below dynamic BMB10 or ema14; Or worst case cut loss is 3.02 (L2);
Other prospective counters to monitor are:
MRCB, MMCCORP, DRBHCOM, KENCANA, EQUINE, TEBRAU, BJCORP,...
13-Sep, Intraday Updates:
4:50pm: CIMB, Affin, Gamuda, WCT, Tenaga are on the go..go...go...
3:45pm WCT is picking up the momentum with relative volume now.
9679 WCT (13-Sep, 3:50pm)During 3-Sep, we had triggerred this is an early bird for mid-term. Stably supported by the ema14,21,31. Most of the secondary indocators are supporting the uptrend momentum.
The upside prospective targets are: 3.06, 3.12, 3.25, 3.45, 3.60, 3.75, 4.16; The trailing stop is below dynamic ema14,21,31 or BMB10; Worst case cut lost at 2.75;
(WCT-WB expiry is 22-Apr-2013);
3:35pm MMCCorp is at T+6 and T+3 today, low volume; support level is around 2.69 (BMB10);
3:35pm MRCB is at T+5, low volume; support level is around 1.80;
5398 GAMUDA (13-Sep, 3:00pm)This counter is supported by the BMB10 and rebounded. Today is T+4, T+5 day, the volume is picking up significantly. Let's observe for the potential up break by closing above 3.62,
and in turn may target for higher: 3.76, 3.90, 4.12; Short term trailing stop is below BMB10 ( currently around 3.53); Middle term trailing stop is dynamic Line L1 or ema31;
(Gamuda-WD expiry is 25-May-2015;
12:00noon AirAsia today is T+6. Should it could close at least above 1.89 (better above 1.93), the chances of beyond 1.93 may be targeting toward 2.10-2.15 range;
11:30am FBMKLCI intraday
FBMKLCI is softly corrected to a temporary support of 1447.50.
In turn, the corresponding counters support levels are as below:
Maybank may temporary supported at around 8.49-8.51; today is T+7 with volume now;
Tenaga may temporary supported at around 9.09-9.12; today is T+6 with significant volume plus breaking up above 9.09;
Ioicorp may temporary supported at around 5.59-5.62;
AFG may temporary supported at 3.10-3.12; today is T+6, T+7;
Should all these temporary supports weren't held, a correction may take place for a while then all should be reviewed after failure. Otherwise, should FBMKLCI could rebound and stay above 1450, this would be more positive for today's rally support.
9:20AM Finance sector is on the pushing up this morning.....
CIMB: dividend given with positive push, once above 8.00, the BB10 is expending further;
Maybank: a higher low supported by the BMB10;
AFG: Let's monitor AFG attempts to break the newer high beyond the range of 3.15-31.8.
Tenaga: a higher low supported by BMB10 as we anticipate during our Sat meeting at BM...
IOIcorp: we shall observe the next temporary resistant around 5.60;
UMW: stays above BMB10 (6.68) now.
YTLPOWR: may attempt to push above 2.35... let's monitor;
9:10AM FBMKLCI intraday
This early morning push is accomplished by a key CI component, that's is AXIATA. It rebounded from the support ema14,21,31. The rest follow are: CIMB, MAYBANK, TENAGA, IOICORP.
With these support, the FBMKLCI manages to break out above the previous high of 1441.
Now is new high stage.....
It is prefer to see the FBMKLCI is sustaining above the broken out level now, that's above 1441
FCPO
The Soya oil market share is much more largest than CPO in the world vegetable oil. Thus any changes on the Soya oil will directly inflence the CPO's price. On the chart below, the Soya oil price is moving sideway. This chart was captured this morning during the CBOT market open today. Please compare yourself the chart of soya bean oil and FCPO. You can use SOYA to predict the direction of FCPO.
