0009 YTLE (Weekly analysis, 15-Sep, Closed)This counter was mentioned on 23-Aug-10. It is attempting to break out from an ascending triangle at line L1 (~0.830). If break up is successful, the next possible targets are: 0.795, 0.825, 0.870, 0.945, 1.06. However, trailing stop below dynamic BMB10, or ema31 or worst line L2.
6963 VS (Weekly Analysis, 15-Sep, Closed)A golden cross on ema14,21,31 is happening recently with increased in transacted volume. Almost all secondary indicators are supporting the early up trend momentum, especially the RSI above 70 level with volume above VMA. The rally may get boosted upon breaking above 1.45. Short to middle terms possible target are: 1.70, 1.82, 2.00, 2.12, 2.40, 2.60, 2.80. However, set the trailing stop along the dynamic ema14,21,31 or BMB10.
1171 MBSB (15-Sep, Closed)Today is T+1 correction. Possible support level ranging from 1.49-1.52 or closed to the BMB10 support. May expecting a higher low formation for next entry point. 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.
3379 INSAS (15-Sep, Closed)A triple bottom is observed with bullish breakout from a decending triangle that has been consolidated for more than 3 months. MACD crossed the trigger line approaching zero level. DMI "golden cross" position is well positioned. Let's monitor for the EMA golden cross and RSI above 70 level. A more confirmed breakout is at the level of 0.525 would project to higher possible targets of : 0.550, 0.575, 0.600, 0.628, 0.675. Set the trainling stop below the dynamic BMb10 or ema31.
1619 DRBHCOM (15-Sep, Closed)This counter has been consolidating within an ascending triangle for almost two months already. Let's monitor the possibility of breaking out closing above 1.15-1.18. The next possible targets are: 1.25, 1.28, 1.33. The trialing stop is below dynamic ema31 or BMB10 or L2.
4405 TCHONG (15-Sep, Closed)In fact now is a total new high. One could choose to shift your trailing stop to yesterday low to protect your profit. And stay sideline to monitor for next successful higher low as re-entry opportunity. The chance of next possible targets (50-50%) could be around 6.38, if the next trading day's MACD could be higher than previous high. Otherwise bearish divergence may take place. Or hold on to your profit with trailing stop below dynamic BMB10 or ema31.
1368 FABER (15-Sep, Closed)First day correction after the hike. Perhaps one could set the trailing stop at the yesterday low to protect your profit. And monitor for the possible support ranging from 3.00 to 3.05 or along the dynamic BMB10 in forming another higher low. Set the cut loss below that dynamic BMB10 or line L2.
5099 AIRASIA (15-Sep, Closed)Today is T+8 after the 1.93 peak. No indicators are in position to dictate any negetive movement yet so far. Most of the indicators still supporting this counter on up trend rally. The next possible target ranging from 2.00 to 2.14. Set the trailing stop at yesterday low to protect your profit as the risk quite high now.
5398 GAMUDA (15-Sep, Closed)Today candlestick appears as a gravestone candle plus BB10 contracted -20% and a minor convergence on STC, that may indicates short term side way or correction. The possible support level ranging from 3.62-3.68 or dynamic BMB10. Should rally were to continue, the next possible targets are: 3.76, 3.90, 4.12. However, set the short term and mid term trailing stops are below dynamic BMB10 or ema31;
1651 MRCB (15-Sep, Closed)Today is T+7 with increased in volume. Thus far, it has stayed above 1.87, the next range to break is the recent high of 1.90-1.93. After then, it is a new high since Mar-2008. Up trend still intact with RSI almost approching 70 level. The next possible targets are: 2.00, 2.20, 2.30, 2.60; Short and mid-terms trailing stop below dynamic BMB10 or ema31;
2194 MMCCORP (15-Sep, Closed)Today is T+8 and T+5 correction supported around 2.70 closed above BMB10. Expecting a more realistic break out and stay above 2.80-2.86 range. After breaking this recent high, it is a new high since Jun-2008.argets. The next possible targets could be 2.86, 2.98, 3.15; However, set the short term and middle trailing stop below dynamic BMB10 or ema31 (around 2.70).
1155 MAYBANK (15-Sep, Closed)So far all indicators are still bullish support but a "pause" in the market has put this counter in side way movement. Short term profit taking may follow yesterday low approach or trailing stop
to set below dynamic BMB10 or ema14,21,31.
1023 CIMB (15-Sep, Closed)MACD finally crossed the trigger line with newer high but the RSI drops slightly below 70 and BB10 expension reduced from 31% to 4%. The candlesticks appear as a hanging man bearish look. However, today's afternoon session does have volume up picking scenario is a plus. All these mixed indications have put the counter in side way mode with mixed feeling. So far, middle term is still uptrend. Anyway, short term profit taking follow yesterday low approach and mid term cut loss short below dynamic BMB10 or ema14,21,31.
6742 YTLPOWR (15-Sep, Closed)SLOW and healthy break up and supported by the broken resistant of 2.30 and supported by ema14 as shown. Newer high in MACD and Momentum are supportive indicators for rising trend. The next possible targets are 2.40, 2.56, 2.64, 2.71, 2.76. Trailing stop below dynamic ema31.
4:00pm: MRCB is T+7 today. Thus far, it has stayed above 1.87, the next range to break is the recent high of 1.90-1.93. After then, it is a new high since Mar-2008.
4:00pm: Thus far, it was observed that, technically FBMKLCI has tested 1470 the third time today. If 1470 is sustainable, a continuation may exist. Otherwise, correction may take place from here downward.
9:52am: PBBANK continues to help FBMKLCI to narrow down the losses at this moment. The last done price is 12:80.
9:15am: Alert on "Big Capital" Correction that pull down FBMKLCI...
At this moment:
Top 5 KLCI30 laggers are Maybank, Ioicorp, Maxis, Genting, SIME.
Top 5 KLCI30 leaders are MISC, PBBank, Axiata, TM, MMCCorp;
9:00am: Gamuda will be in FBMKLCI30 by 20-Sep to replace Tanjong, read the news below;
8:45am: Keep an eye on KPJ as today is T+4, and MMCorp is T+8 and T+5;
