Technical Commentary 09/03/10

There was no fresh good or bad news in the global market yesterday; the overnight DJI was flat with –13.68 points. It was also flat on the European market. The regional Asian markets also traded with sideway as there was no fresh news appears today.

As expected profit taking was happen in our local market after a big surged yesterday. FBMKLCI was corrected 6.28 points (-0.47%) with intraday high at 1323.69(-2.0) and intraday low at 1316.29.43 (-9.4) and finally closed 1317.94 with 253 up counters and 455 down counters. The market volume has decreased 31.3% with 798 MIL shares traded. It was traded below 40 days volume moving average today. However during the correction phase, a lower volume is considered as healthy correction.

With the FBMKLCI breaks up and stays above 1308, our market is in very bullish position and may be prepare to go even higher toward our last height of 1524 during Jan-2008.

Today’s FBMKLCI top 5 leading components are PPB, CIMB, IOICORP, MISC and YTL, while the lagging components are GENTING, RHPCAP, PETDAG, KLK and MAYBANK.

FBMKLCI Indicators
KLCI candlestick still within the uptrend band and the Bollinger band expanded only 5%. This indicates FBMKLCI is under short-term correction however it is still bullish biased. Uptrend still intact.

RSI reduced to 87.3, this indicates that FBMKLCI is over heated and under short-term correction however the RSI still bullish. Uptrend still intact.

STC %K reduced to 87.75,74 and the %D increases to 91.02. This indicates FBMKLCI is over heated and under short-term correction however it is still bullish. Uptrend still intact

MACD maintains above zero level and today hooked up further. This indicates upside still intact on FBMKLCI even there is a correction today.

All the indicators above indicate FBMKLCI is under short-term correction however the uptrend status is no damage yet. The correction was healthy as the trading volume is lower. The next nearest possible resistance levels are 1325, 1353, 1380, 1436, and 1524. The nearest possible support levels are 1308, 1300, 1286, and 1283 (BBMB).









Counters to consider and monitor

Notion
1. A good technology stock, which surged as high as 3.52 on 18/1/10, it then started to correct. Buying signal started today with the price break out trend line 3.12.
2. Bollinger band open 7% and MACD hook up across the trigger line, bullish
3. RSI stays at 66.26%, bullish biased
4. STC %D=56.25 and %K =82.61.65, bullish biased
5. Weekly chart is up trend, mid-term bullish
6. Immediate resistance level is 3.26
7. Immediate support level is 3.12
8. Price supported by improved Q409 report (+96%) and global semiconductor demand. Technology stocks are lagging behind. Nasdaq broke new high also affect the bullish view on the local tech stocks like Unisem, MPI, GUH, Penta, ENG, Gtronics and etc. If Unisem broke new high 2.60, many tech stocks will break recent new high. Notion potentially will break 3.52 as well.

Trading Plan: Start to collect below 3.22. Aggressive buy above 3.26. Cut loss at below BBMB 3.00. Hold for mid-term.

Daiboci
1. A good fundamental packing company just broke out new high at 3.74, up 0.28 (+8.1%).
2. Bollinger band open 101% and MACD histogram just started a rounding bottom.
3. RSI stays at 73.7%, bullish biased
4. STC %D=72.7 and %K =100, bullish biased
5. Weekly chart is up trend, mid-term is very bullish
6. Immediate resistance level is today high 3.74
7. Immediate support level is today break out 3.54
8. Price supported by improved Q409 result, Q-Q +169% and Y-Y +180%. It also supported by 6.5 cents dividend pay out. PE=12

Trading Plan: Start to collect below 3.74. Aggressive buy above 3.74. Cut loss at below 3.38 or below BBMB. Hold until before Ex-dividen.

BoxPack
1. Another good fundamental packing company also seem to move up today. Closing price for today is 1.73, up 0.13 (+8.1%).
2. Bollinger band open 20% and MACD histogram just started a rounding bottom.
3. RSI stays at 64.7%, bullish biased
4. STC %D=24.19 and %K =67, may start uptrend soon
5. Weekly chart is up trend, mid-term is bullish
6. Immediate resistance level is 1.83
7. Immediate support level is 1.56
8. Price supported by improved Q409 result, Q-Q +1305% and Y-Y +91%. It also supported by 7 cents dividend pay out. PE=8

Trading Plan: Start to collect below 1.83. Aggressive buy above 1.83. Cut loss at below 1.51 or below BBMB. Hold until before Ex-dividen.

Technical Commentary Monday, 08-Mar-10

Last Friday’s US data shows that US unemployment has improved. Greece debt financial problems were calmed by Euro zone countries policy changes and comments. Perhaps, both continents’ sentiments ease the fears and lifted the world equity markets today. All Asia equity markets up as much as 2%.

Our FBMKLCI also open strongly with gap up at 1313.43 (+13.65) with intraday high at 1325.68(+25.90) and intraday low at 1313.43 (+13.65) and finally closed 1324.22 (+24.44, +1.88%) with 583 up counters and 194 down counters. The market volume has increased by 23.3% to attain 1.16bil shares traded. It is above 40 days volume moving average (1.0bil) now.

With the FBMKLCI breaks up and stays above 1308, our market is in very bullish position and may be prepare to go even higher toward our last height of 1524 during Jan-2008.

Today’s FBMKLCI top 5 leading components are PBBANK, CIMB, SIME, MAYBANK, GENTING, while there are only 3 lagging components are PETGAS, UMW, NESTLE. With the gainers more than losers, this means that the market is bullish biased.

FBMKLCI Indicators

KLCI candlestick jumps even higher within the uptrend band and the Bollinger band expanded greatly by 39%. This indicates FBMKLCI is in very bullish biased position;

RSI increases to close at 93.93, this indicates that the market is bullish biased and is further improved. Uptrend is confirmed;

STC %K stays closed at 97,74 and the %D increases to 90.3. This indicates FBMKLCI is bullish and uptrend is confirmed;

MACD maintains above zero level and today hooked up further. The histogram continues forming rounding bottom. This indicates more upside on FBMKLCI.

All the indicators above indicate FBMKLCI is bullish biased after a second big gap up today. The next nearest possible resistance levels are 1353, 1380, 1436, and 1524. The nearest possible support levels are 1308, 1300, 1286, and 1283 (BBMB).

For the mid-term view, FBMKLCI is bullish biased with Bollinger Band expanded up to 23%, RSI improves to 64.41, STC improves further with %K=98.55, %D=72.07 and MACD continue its histogram of rounding bottom.

The overall scenario of FBMKLCI is very bullish biased today. Should any profit taking were to take place in the coming days and were at supportive levels, that may be is a good opportunity for whom that missed the bull wagon this round.

Please refer to the pictures of FBMKLCI daily chart for your reference.

Weekend Special Commentary (Sat 06/03)

Good morning everyone. In line with KLSE uptrend, overnight DJI, Nasdaq, S&P500 and FTSE100 had confirmed their market uptrend after they broke out of the left shoulder resistance. DJI and SP500 had broken out trend line resistance; the more bullish Nasdaq and FTSE100 even broke out previous high and recorded a new high last night. This is an added advantage for our market to break 1300 and 1308 next week. However most of the Asian markets like Hangseng, STI, TWII, Shanghai and etc still have not get out from the bearish trend yet. We hope they can catch up soon in order to boost our market further to 1350 -1400, we cannot stand alone in Asia. So far our market is outperform the rest in Asia. This is our Malaysia Boleh.

Technically DJI and SP500 having the same pattern to each other. The support trend line with I drawn had been broken down on 22/1/2010. The trend line then became the major resistance for DJI. It had try to break the trend line few times but unsuccessful. It finally broke out last night; at the same time it broke the left shoulder resistance as well. Since it created a higher high and higher low now, it meets the uptrend requirements. So we confirmed that DJI, Nasdaq and SP500 are trending up now. If the trading volume can shoot above 40 days VMA in the next few sessions, we maintain bullish on DJI and it will break above 10729.89 soon. Please refer to the chart of DJI and Nasdaq.









Short-term view on Supermax

Despite the good news of special dividend and bonus issue 1 for 4, the stock price unable to grow further and turn sideway. Technically if the price dips below 6.17 and retreat further to the support level 6.00, the price and the indicator (MACD) will form a bearish divergence signal. If this happen, it will retest the support level 5.85 and 5.75. The MACD rounding top had started and if the MACD line hooks further below the trigger line, the short-term view will be bearish. However at this stage the STC %K and %D still above 70 level but both started to hook down. As long as both STC signals still above 70, the bullish trend had not damage yet.

Counters to consider and monitor

D&O
1. A small technology stock, which surged as high as 0.975 on 12/1/10 from 0.25 on 15/10/09. It then started to correct and the price well supported above 0.665 for 2.5 months. Buying signal started 2 days ago with the price surge 6.85% to 0.785 on Fri.
2. Bollinger band open 93% and MACD hook up across the trigger line, very bullish
3. RSI stays at 71%, bullish biased
4. STC %D=81.82 and %K =95.65, bullish biased
5. Weekly chart is up trend, mid-term bullish
6. Immediate resistance level is 0.79, 0.85
7. Immediate support level is 0.71, 0.665
8. Price supported by improved Q409 report (+474%) and global semiconductor demand. Technology stocks are lagging behind. Nasdaq broke new high also affect the bullish view on the local tech stocks like Unisem, MPI, GUH, Penta, ENG, Gtronics and etc. If Unisem broke new high 2.60, many tech stocks will break recent new high. D&O potentially will break 0.975 as well.
Trading Plan: Start to collect at 0.785 or lower. Aggressive buy above 0.795. Cut loss at below BBMB and 0.665. Hold for mid-term.

ENG
1. Another under value technology stock that has some sign of buying interest on Fri. It was up 3.2% and closed at 1.96.
2. Bollinger band open 1% and MACD started to hook up again- bullish
3. RSI at 74, bullish biased
4. STC %D=68 and %K=80, bullish biased
5. Weekly chart for mid term is uptrend
6. Immediate resistance level is 1.97, 2.02 and 2.04
7. Immediate support level is 1.91 and 1.87
8. Price supported by 17.7 cents EPS (+636%) and dividend 6 cents a share. Other factors same as point no.8 above for tech stock.

Trading Plan: Continue to collect below 1.97, aggressive buy above 2.04. Cut loss below BBMB and 1.84. Hold for mod-term.

LIONFIB
1. Lion Forest is in the consumer sector under Lion Group. It started to trade aggressively on Friday and broke new high and closed at 1.54 (+6.9%). Since the price had up > 12% since Thurs, a mild profit taking will occur that might prevent the price surge higher in short term.
2. Bollinger band open 71% and MACD started to hook up again- bullish
3. RSI at 77.5, bullish biased
4. STC %D=59.37 and %K=95.45, bullish biased
5. Weekly chart for mid term is uptrend, very bullish
6. Immediate resistance level is Friday high 1.55
7. Immediate support level is 1.51 and 1.47
8. Price supported by 23.24 cents EPS, serious under value stock, PE only 2.07.

Trading Plan: Continue to collect below 1.55, aggressive buy above 1.55. Cut loss below 1.45 or below BBMB. Hold for mid-term.

LIONIND
1. Another Lion family in the industrial sector, which involve on steel business under Lion Group. There is a buying interest on Friday and it broke out symmetrical triangle and closed at 1.79 (+3.5%). As this is the 1st day moving up, I predict it will break the resistance 1.80 and retest the recent high 1.84. Volume is below 40 days VMA on Friday. We need to see volume grow on next week.
2. Bollinger band open 27% and MACD hook up a few days, very bullish
3. RSI at 75, bullish biased
4. STC %D=89 and %K=100, very bullish
5. Weekly chart for mid term is uptrend, very bullish
6. Immediate resistance level is 1.80, 1.84
7. Immediate support level is 1.76, 1.71 and the BBMB
8. Price supported by 11.7 cents EPS (+282%) and PE as low as 4.16. This a very good steel stock to invest under Malaysia stimulus plan.

Trading Plan: Continue to collect below 1.80, aggressive buy above 1.84. Cut loss below BBMB or lower. Hold for mid-term.

Technical Commentary 05/03/10

Despite the overnight banking rate was increased by 25 basic points, our market responded positively on the sight of recovery with Q409 GDP grow >4.5%. This could be the reason that boosts the Malaysian Market today, Malaysia Boleh!

FBMKLCI opens strongly with gap up at 1295.67 (+11.56) with intraday high at 1300.74(+16.65) and intraday low at 1289.87 (+5.78) and finally closed 1299.79 (+15.89.01, +1.22%) with 547 up counters and 194 down counters. With the CI stay above 1292, we finally confirmed our market had turn uptrend and view as bullish. The market’s volume increases by 29.6% to 941mil shares traded, it is slightly below 40 days volume moving average now.

Today’s main contributors are Maybank (+5.56%) and Genting (+6.40). Top 5 leading KLCI components are MAYBANK, GENTING, BAT, RHBCAP, and PETDAG, while the top 5 lagging KLCI components are AMMB, BJTOTO, MISC, KLK, and MAXIS. With the gainers more than losers, this means that the market is bullish biased.

FBMKLCI Indicators

KLCI candlestick still stays above the BBMB on the uptrend band and the Bollinger band expanded by 16%. This indicates FBMKLCI uptrend momentum had started and turn bullish biased.

RSI increases to close at 92.97, this indicates that the market is bullish biased and is further improved. Uptrend is confirmed.

STC had hooked up with %K closed at 97,86 and the %D increase to 86.92. This indicates FBMKLCI is bullish and uptrend is confirmed.

MACD maintains above zero level and today hooked up again. The histogram had escaped from forming a rounding top. This indicates more upside on FBMKLCI.

All the indicators above indicate FBMKLCI is bullish biased after a big up today. The view was totally changed from yesterday; which possible turn down trend or sideway. The next nearest possible resistance levels are 1300 and 1308.5. The nearest possible support levels are 1292, 1284 and 1276.

For the mid-term view, FBMKLCI had turn bullish. Bollinger band open 10%, RSI at 57.69, STC %K=89.61, %D=54.71 and MACD hooked up with the histogram starting to form a round bottom. The nearest resistance level is 1308 and the support level is 1275.

Please refer to the pictures of FBMKLCI daily chart for your reference









Counters to consider and monitor for next Monday

Will post on Saturday, please re-visit us

Technical Commentary 4-Mar-2010, Thursday:

Today our FBMKLCI opens at 1286.69 (+0.59) with intraday high at 1287.78(+1.68) and intraday low at 1284.09 (+2.01) and finally closed 1284.09 (+2.01, 0.16%) with 281 up counters and 385 down counters. The market’s volume decreases by 15.9% to 726mil shares traded, 3rd day below the 40 days volume moving average (1.03bil).

Actually today is T+3 day after the market volume past above VMA. Since morning session, the FBMKLCI market has been in the selling biased increasing nominally from around 58% to 64% in the afternoon. During the last 15 minutes, the FBMKLCI is further push down mainly by PETDAG (down 0.29) by additional 2 points.

Today’s top 5 leading KLCI components are MAYBANK, PBBANK, YTLPOWER, IOICORP, and AXIATA, while the top 5 lagging KLCI components are AMMB, PETDAG, PETGAS, TENAGA, and MAXIS. Many second and third liners are still correction and consolidation stage.

FBMKLCI Indicators

KLCI candlestick still stays above the BBMB on the uptrend band but today the Bollinger band start to contract by 4%. This indicates FBMKLCI uptrend momentum had reduced and consolidating sideway.

RSI increases to close 89.18, this indicates that the market is bullish biased and is further improved. However, RSI is a lagging indicator and respond slower than STC.

STC had hooked down with %K closed at 76.45 and the %D decreases to 86.13. Since the %K is lower than %D, this indicates FBMKLCI is turning around from uptrend to sideway or correction. However, as long as the STC still stay above 70, FBMKLCI still is viewed as bullish biased.

Although the MACD has been broken up above zero level, but today it formed a round top with lower market volume which closed below 40 days volume moving average (1.03bil). This implies that the overall market participation is insufficient to sustain the market higher.

All the indicators above indicate FBMKLCI still bullish biased but FBMKLCI continues correction and consolidating side way. If this scenario is continued for the next few days, the short term view for FBMKLCI will be turning bearish if failed to be supported by BBMB.

Tomorrow is Friday, it is also viewed as T+4 (force selling day) with respect to the 1.06bil traded volume 3 days ago (1-Mar, Mon). So, if tonight and tomorrow has no good news to lead the market, tomorrow may has a further dip in FBMKLCI with the support levels as mentioned below.

The next nearest possible resistance levels are 1288, 1292, 1298, and 1300. The nearest possible support levels are 1281, 1276, 1273, and 1266.

Please refer to the picture of FBMKLCI daily chart for your reference

Technical Commentary 03/03/10

As expected, FBMKLCI had already up for 6 trading sessions, it is time for it to take a break. Today our FBMKLCI opens with gap up at 1290.51 due to bullish biased on Greece rescue hope. It continued to climb as high as 1292.35 (+4.35) before profit taking started at 930am all the way down to 1284.5 (-3.5) at 12pm. It was then consolidate and closed at 1286.10 (-1.97, -0.15%) with 294 up counters and 402 down counters. The market’s volume increases by 2.9% to 863.7mil shares traded, below the 40 days volume moving average.

Today’s top 5 lagging components are CIMB, MAYBANK, SIME, TANJUNG, and PLUS that dragged down the CI, while the top 5 leading components are PBBANK, MMCCORP, GENM, RHBCAP, and YTLPOWER. Many second and third liners are under correction and consolidation stage.

FBMKLCI Indicators

KLCI candlestick still stays above the BBMB on the uptrend band and today the Bollinger band expanded only 1%. This indicates FBMKLCI uptrend momentum had reduce and will turn sideway soon.

RSI increases to close 76.15, this indicates that the market is bullish biased and is at improving stage. However RSI is a lagging indicator and respond slower than STC.

STC had hooked down with %K closed at 87.34 and the %D decreases to 81.88. Since the %K is lower than %D, this indicates FBMKLCI is turning around from uptrend to sideway or correction. However as long as the STC still stay above 70 level, FBMKLCI still view as bullish biased.

Unfortunately, the MACD breaks up above zero level does not supported by the market volume which closed below 40 days volume moving average (1.02bil), implies that the overall market participation is insufficient to sustain the market higher.

All the indicators above indicate FBMKLCI still bullish biased however if FBMKLCI continues to go sideway or correction on the next few sessions, the short term view for FBMKLCI will be bearish. The next nearest possible resistance levels are 1288, 1292, 1298, and 1300. The nearest possible supportive levels are 1284 (small gap), 1276, 1273, 1267, and 1266. Please refer to the picture of FBMKLCI daily chart for your reference.

Technical Commentary 02-Mar-2010, Tuesday:

Since 09-Feb-2010 until today, our FBMKLCI has been on the uptrend for the past 13 days. It has progressed from that day’s intraday low of 1224 to today’s intraday high of 1292, total up by almost 68 points already.

Today our FBMKLCI opens at 1286.40 (+3.00) with intraday low at 1285.96(+2.56) and high at 1292.76 (+9.36) and finally closed 1288.07 (+4.67, 0.36%) with 323 up counters and 405 down counters. The market’s volume decreases by 20.2% to 839mil shares traded, below the 40 days volume moving average (1.02bil).

Today’s top 5 leading components are CIMB, MAYBANK, KLK, GENTING, and HLBANK, while the top 5 lagging components are AXIATA, MMCCORP, PLUS, PETDAG, and ASTRO. Many second and third liners are still in red correction stage.

FBMKLCI Indicators

KLCI candlestick still stays above the BBMB on the uptrend band and today the Bollinger band is expanding at 11%. FBMKLCI is bullish biased;

RSI increases to close 63.03, this indicates that the market is bullish biased and is at improving stage. It would better upon above 70 level;

STC decreases slightly with %K closed at 88.85 and the %D stays at 90.71. The short term STC is bullish biased;The MACD line finally crossed above ZERO level. This indicates FBMKLCI is confirmed bullish biased;

Unfortunately, the MACD breaks up above zero level does not supported by the market volume which closed below 40 days volume moving average (1.02bil), implies that the overall market participation is insufficient to sustain the market higher;

All the indicators above indicate FBMKLCI is bullish biased except the market volume participation is insufficient to sustain the market higher. Technically, FBMKLCI has closed at 1288 which is at FIBO level 76.4%. It would better to have KLCI above 1288 with volume above VMA to sustain the uptrend. Overall, the market is still bullish biased.

The next nearest possible resistance levels are 1288, 1292, 1298, and 1300. The nearest possible supportive levels are 1284 (small gap), 1276, 1273, 1267, and 1266. Please refer to the picture of FBMKLCI daily chart for your reference.









Counters to consider and monitor

KONSORT
1. Posted yesterday on the parking lot. Volume increased above 40 days VMA today and closed at 1.25, up 2.5%.
2. Bollinger band open 61% and MACD hook up, bullish
3. RSI stay at 61.9, on the bullish zone
4. STC %D=96.77 and %K =100, bullish
5. Weekly chart just broke out trend line today
6. Immediate resistance level is 1.30
7. Immediate support level is 1.20
8. Price supported by 8% dividend and good earning result

Trading Plan: Start to collect at 1.25 or lower. Aggressive buy above 1.30. Cut loss at below BBMB and 1.15

AFFIN
1. Finally broke out 2.67 and stay above it after a few try since 16th Nov 09 and closed at 2.75 with volume increase.
2. Bollinger band open 51% and MACD hook up - bullish
3. RSI at 51, just enter bullish zone
4. STC %D=95 and %K=100, bullish biased
5. Weekly chart for mid term is uptrend
6. Immediate resistance level is 2.75
7. Immediate support level is 1.66
8. Price supported by 8.6 cents dividend and rumours of M&A

Trading Plan: Continue to collect or buy above 2.75 with volume support, cut loss below BBMB and 1.60

COASTAL
1. After big up on last Tue, it consolidated for 3 days. The price seems to move again today after T+4 and close at 2.40. However I believe it will go sideway for another few days, T+7 to T+8.
2. Bollinger band expanded 9% - bullish
3. RSI at 80, bullish biased
4. STC %D=94.4 and %K=100, bullish biased
5. Weekly chart for mid term is uptrend
6. Immediate resistance level is 2.40
7. Immediate support is 2.28 and BBMB 2.20
8. Price supported by good earning and analyst target price at 3.60

Trading Plan: Collect slowly below 2.40, cut loss iF the price drift below BBMB 2.15.

Technical Commentary 01-Mar-2010, Monday:

Most Asia stock markets are in Green as much as 2%. This situation is partially supported by the rally on the copper related sources (because of Chile Earthquake) and also certain ease hope on Greece. Our FBMKLCI manages upward by about 12.62 points that mainly contributed by CI components such as CIMB, AXIATA, SIME, IOICORP, RHBCAP, and MAYBANK. However, many second and third liners are in red correction stage.

FBMKLCI opens at 1276.52 (+5.74) with intraday low at 1277.11(+6.33) and high at 1284.90 (+14.12) and finally closed 1283.40 (+12.62, 0.99%) with 355 up counters and 398 down counters. The market’s volume increases by 21.3%% to 1.052bil shares traded above 40 days volume moving average (1.0bil).

FBMKLCI Indicators

KLCI candlestick stays above the BBMB on the uptrend band, but the Bollinger band is contracting at -6%. FBMKLCI is still considered under consolidating situation with bullish biased;

RSI increases to close 59.49; this indicates that the market is bullish biased and is at improving stage;

STC improves with %K closed at 96.09 and the %D stays at 92.73. This indicates that FBMKLCI short term is bullish biased;

The MACD line is improving further and closes just slightly below the ZERO level. This indicates FBMKLCI is bullish biased but it would be more conforming uptrend when it passes the ZERO level;

The market volume has passed above the 40 days volume moving average (1.0bil), implies that the overall market participation is sufficient to push higher;

All the indicators above indicate FBMKLCI is bullish biased. Technically, it closes above 1273 critical level and even breaks 1281 resistance with supportive volume. The only slightly fold back is the Bollinger band contracted -6% same as last trading day. Overall, the market is bullish biased.

The next nearest possible resistance levels are 1286, 1288, 1298, and 1300. The nearest possible supportive levels are 1281, 1276, 1273, 1266, and 1263. Please refer to the picture of FBMKLCI daily chart for your reference.









Counters to consider

SUPERMX
1. Broke out RM6.00 with volume increased above 40 days VMA
2. Bollinger band open 1%
3. RSI at 70.37 bullish zone
4. STC %D and %K above 90, bullish
5. Weekly chart for mid term still uptrend
6. Immediate resistance 6.18
7. Immediate support is 5.75
8. Price supported by 9% special dividend and pending announcement of treasury stock.

Trading Plan: Top up above 6.18, take profit or cut loss below BBMB and 5.60

FABER
1. Open with gap up due to excellent earning result. Up 9% today at 1.81
2. Bollinger band open 61% - bullish
3. RSI at 80.6 bullish
4. STC %D=60.14 and %K=96.87, bullish
5. Weekly chart for mid term still bullish but resisted at 1.81
6. Immediate resistance 1.81
7. Immediate support is 1.68
8. Price supported by 6 cents dividend and good earning

Trading Plan: Buy if the price sustain above 1.81 with volume support, cut loss below BBMB and 1.63

AHEALTH
1. Price continues up for the 3rd day. Up 9% today at 2.30
2. Bollinger band expanded 41% - bullish
3. RSI at 70 bullish
4. STC %D=87.29 and %K=95.35, bullish
5. Weekly chart for mid term is uptrend
6. Immediate resistance 2.40
7. Immediate support is 2.00
8. Price supported by 14.5 cents dividend and good earning

Trading Plan: Since the price had up 3 days, wait for correction and consolidation. If the price retreated below 2.25 is a chance to grab. Cut loss below BBMB and 1.98.

YEELEE
1. Price continues up for another 4.1% with significant volume increase.
2. Bollinger band expanded 2% - remain bullish
3. RSI at 84.78, very bullish
4. STC %D=93 and %K=96.55, very bullish
5. Weekly chart for mid term is uptrend, continues up for 5 weeks
6. Immediate resistance 1.80
7. Immediate support is 1.68
8. Price supported by good earning

Trading Plan: Continue to accumulate between 1.75 to 1.70. Cut loss below BBMB and 1.65.

Other potential stocks but need volume support – park them in your watch list
Jerneh – good earning support
Konsort - good earning support and dividend yield
Unisem – good tech stock
KSL - good earning support