Saturday, October 2, 2010

Posted on VK Member site on 20/9/10

2-10-10 Sun 10:10 PM
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5098 MASTEEL (20-Sep, Closed)This has gone thorugh a bullish divergence and now the prices has stayed above ema14,21,31 which is at "golden cross" juncture. Let's observe for a higher low for next entry point which may be expected to be above BMB10 or ema31. Of course, trailing has to be below the dynamic BMb10, or ema31.








2976 DNP (Weekly, Midterm, 20-Sep, closed)
Most indicators are in uptrend supportive positions. Worth using the ema14,21,31 and BMB10 as trend trading for the future price movement. The next possible targets are around: 1.59, 1.80, 1.89, 2.1, 2.19, 2.30. Trailing stop below BMB10 or worst case below ema31.








9679 WCT (20-Sep, Closed)
Today is T+3 correction and technially is observed supported by the BMB10. Should this rebound successful, then a higher low could be formed. The upside possible targets are around: 3.06, 3.12, 3.25, 3.45, 3.60, 3.75; However, the trailing stop is below dynamic BMB10 or ema31.








3395 BJCORP (20-Sep, Closed)
It finally breaks and stays above ema31. MACD is approaching zero level. Let's observe for RSI getting above 70 level and ema14,21,31 approaching golden cross juncture. So monitor in stages of climbing up the reversal order of ema31,21,14 until in turn into ema14,21,31 order for a more stable trend reversal. Remember, for an uptrend price movement, the prices movement has to be above ema14,21,31 order. The price should sill be supported above BMB10. Otherwise, set the trailing stop is below BMB10.








5122 Kencana (20-Sep, Closed)
For the past 5 trading days, the volumes were sustained above VMA. Technically, the prices are supported by the ema14. Today is T+8 may be ending the correction and could possibly rebound upward from here. Let's monitor for the expansion of Bollinger Band for next action. The next possible targets are around: 1.68, 1.75, 1.81, 1.87. However, must prepare the trailing stop below dynamic BMB10 or ema31 or worst case below 1.56.








2194 MMCCORP (20-Sep, Closed)Today is quite critical because of the Bollinger band contracted -73% to where the price fluctuation is limited. Next to observe is: when Bollinger open, the price stays above or below BMB10. If below BMB10, it could be negative swing, however, if above BMB10, it is positive upward. Cut loss below 2.69.








1619 DRBHCOM (20-Sep, Closed)The price is above BB20UB and not higher than 1.21 may indicate that a short term side way consolidation or minor correction with support level ranging from 1.15-1.18 (Line L1). Would observe for RSI to stay above 70 level for uptrend intact. However, prepares cut loss below dynamic line L2.








1961 IOICORP (20-Sep, closed)
Today is T+3, technically it is supported by the BMB10. Prospectively, the uptrend is still intact. Should it breakout above 5.75, the next possible targetes are around: 5.84, 6.11, 6.60. However, trailing stop below the dynamic BMB10 is a must.







7164 KNM (20-Sep, Closed)
A similar Bullish Divergence is observed as shown in the chart. Would a similar techncial rebound were to take place is yet to monitor thorough for the next rally. Let's see.....
If assume this repetition were to take place, then observe for a higher low for next entry point. Again the more confirmed up trending is with candles stay above ema14,21,31. Trailing stop below dynamic BMB10.







1023 CIMB (20-Sep, 4:20pm)
Beware that today's candlestick may form as an evening doji or evening star bearish signal upon closing RED. If that really happen by 4:50pm, then correction may take place the next candle. Then short term may take profit and stay side line until correction toward BMB10 later.








2194 MMCCORP (20-Sep, 3:20pm)
Today is quite critical because of the Bollinger band contracted -74% to where the price fluatuation is limited. Next to observe is: when Bollinger band open, the price stays above or below BMB10. If below BMB10, it could be negative swing, however, if above BMB10, it is positive upward. Cut loss below 2.69.








3:00pm MRCB finally break up above 1.93......

1961 IOICORP (20-Sep, 3:00pm)
Today is T+3, apperently BMB10 seems to provide technical support thus far. So long as today could closed green slightly, the candle may appear as Hammer. Let's monitor through until almost end of day for the final formation of candle. Trailing stop still set below BMB10.








9679 WCT (20-Sep, 12:00noon)
Today is T+3 correction and technially is observed supported by the BMB10. Should this rebound successful, then a higher low could be formed. The upside possible targets are around: 3.06, 3.12, 3.25, 3.45, 3.60, 3.75; However, the trailing stop is below dynamic BMB10 or ema31.








1619 DRBHCOM (20-Sep, 11:30am)The price is above BB20UB and not higher than 1.21 may indicate that a short term side way consolidation or minor correction with support level ranging from 1.15-1.18 (Line L1). Cut loss below dynamic line L2.








11:00am This morning, FBMKLCI just jump back to yesterday's drop off level. By observation, it is still a distribution mode. Consolidation side way to slightly lower toward BMB10 is the prepared destiny. 1467 is the temporary support. If below 1467, the next possible support level is around 1458 about the BMB10.