Thursday, September 23, 2010

Posted on VK Member site on 14/9/10

23-9-10 Thurs 9:10 PM
Come to join VK membership if you like to receive an early news like the rest of the VK Members. Please scroll down to the bottom most to view our VK membership, the subsription fees and benefits. The news below are late for 5-6 days.

FBMKLCI is very bullish supported by 5 key CI components throughout the day. They are Maybank, Genting, Cimb, Pbbank, and Ioicorp. Today, there are 504 up counters and 274 down counters with 1.04bil shares transacted that push KCLI further to 1474.44, up +17.48, +1.20%. The last two days transaction is considerably active. All indicators are still bullish thus far.

Of course, rotational plays and corrections are taking every now and then. Just an alert to traders or investors to protect your profit should the respective counters have significant rally for the last 3-5 days.

The 2nd liners may phase in the rally in parallel. Observed for those counters, that had gone through 3-7 days of correction, may have chances to rebound.

5398 GAMUDA (14-Sep, Closed)
Thus far still bullish with volume support. The next possible targets are: 3.76, 3.90, 4.12. Short term and mid term trailing stops are below BMB10 (currently 3.59) or ema31 (currently 3.56);








5185 AFFIN (14-Sep, Closed)
Let's observe for a possible "3 green soldiers" bullish candle formation. The next possible targets are: 3.16, 3.31, 3.54, 3.92. Recommended short term trailing stop at yesterday low approach. Mid-term trailing stop is set below dynamic BMB10 or ema14;








2194 MMCCORP (14-Sep, Closed)
Today is T+7 & T+4 correction , low volume but quite supported around 2.75. Expecting a more realistic break out and stay above 2.80 for higher targets. However, set trailing stop below dynamic BMB10 or ema31 around 2.70.








1651 MRCB (14-Sep, Closed)Today is T+6 correction (low volume). Correction supportive level ranging from 1.75 - 1.80; However, 1.80 level seems strong now. Let's oberve for a possible breaking above 1.87 for another level of rally. Trailing stop below dynamic BMB10 or ema31;








1619 DRBHCOM (14-Sep, Closed)This counter has been consolidating within an ascending triangle for almost two month. Let's observe for the possibility of break up closing and stays above L1 resistance (around 1.15). The next possible targets are: 1.18, 1.23, 1.31. Trailing stop below ema31 or L2 (around 1.10).








1155 MAYBANK (14-Sep, Closed)
Bullish big candle may likely to reflect perhaps another twos to follow. MACD is slightly above previous high now. All other indicators are still bullish support. Profit taking may follow yesterday low approach or trailing stop to set below dynamic BMB10 or ema14,21,31.








1023 CIMB (14-Sep, Closed)
Bollinger band 10 further expended to 31%. Apparently, two bullish green soldiers are seen which likely to follow with another soldier to form a "3 green soldiers" bullish candles. MACD is almost crossing the trigger line with round bottom histogram. Short term profit taking follow yesterday low approach and midterm cut loss short below dynamic BMB10 or ema14,21,31.








2011 Lingui (14-Sep, 4:00pm)

Today is T+3. MACD just crossed the trigger line with rounding bottom histogram. STC is in supportive up swing position. Let's monitor for the candle to stay above ema14,21,31. Set trailing stop below dynamic BMB10.








4243 WTK (14-Sep, 4:00pm)An early detection on a bullish divergence on this counter. MACD already crossed trigger line but just below zero level. Today is T+3. Let's monitor for the possible break out above 1.18. The possible upside targets are: 1.22, 1.27, 1.32. Set the trailing stop below dynamic BMB10 (around 1.09).







5142 WASEONG (14-Sep, 12:30noon)
An early stage of bullish divergence formation with volume of accumulation is observed as shown in the chart below. But other secondary indicators are not ready for a good rally yet. We should monitor for candles above ema14,21,31, and a higher low formation later for a confirmation of trend reversal. May anticipate a rebound toward 2.15 (around ema31). So early bird position
with cut loss short below 1.99.








5878 KPJ (14-Sep, 12:15noon)
Manages to closed above ema14.21.31 with volume today. MACD is very near to zero level. Currently still stays above BMB10, waiting for a little of push to ~3.60 may get MACD reaches zero level. A good momemtum will come upon RSI reaches 70 and DMI comes in order. So this is still at early stage. Should that little push didn't come by, then treats BMB10 and ema14,21,31 as the support levels and set the trailing stop below 3.36.








1171 MBSB (14-Sep, 12:00noon)
This counter were triggered on 8-Sep around 1.43. It finally breaks up above 1.52 with significant volume. All secondary indocators are supporting up swing now. The next possible targets are: around 1.70-1.76. Short term trailing stop below yesterday low. Mid-term trailing stop below dynamic ema31 or BMB10.








2488 AFG (14-Sep, 11:20am)Rebounded from BMB10 3 days ago. Now broke up 3.18, let's monitor it could stay above this level. Short term trailing stop is below yesteray low. Mid-term trailing stop below dynamic ema31 or line L2.
2499 AFG (weekly analysis mid-term)
Observing for the possible break up closing above 3.18. Should the break up is successful, the next potential targets are: 3.30, 3.52, 3.68, 4.07. Trailing stop below dynamic ema31 or worst case dynamic line L2.








11:05 MMCCorp:
today is T+7 & T+4 with support around 2.70-2.75;

11:00am MRCB:
today is T+6 attempting the break up with slightly more volume;1619 DRBHCOM (14-Sep, 9:15am)
This counter has been consolidating within an ascending triangle for almost two month. Let's observe for the possibility of break up closing and stays above L1 resistance (around 1.15).
The next possible targets are: 1.18, 1.23, 1.31; Trailing stop below ema31 or L2 (around 1.10).








9:10am MRCB is attempting to a break up....