The Asian market staged a modest recovery. However much uncertainty still remain in the US and the European market. The US market will be volatile and Dow Jones may still fall below 10,000. Be cautious. Take some profit where possible.
Some buying support have put the following stocks back on their upward path although some of these stocks' support levels were not broken when there was a selloff in Bursa on the 25.5.2010.
The stocks 9 - 14 are overbought but with good buying support overbought stocks may still go higher.
With better market sentiments and good buying support KEURO and MEASAT could see higher levels. See their charts posted here for a clearer view. The purple and blue trend lines remain intact since their breakout was pointed out in my earlier posting.
Stock Close Support Resistance
1. ASB 0.145 0.145 0.15
2. TALAM 0.145 0.14 0.15
3. TEBRAU 0.62 0.615 0.655
4. KEYWEST 0.05 0.05 0.05
5. SCOMNET 0.10 0.10 0.10
6. FITTERS-WA 0.18 0.16 0.185
7. UMW 6.30 6.29 6.30
8. CME 0.06 0.06 0.06
9. YTLPOWR 2.21 2.20 2.21
10. GPHAROS 0.35 0.33 0.365
11. FABER 2.28 2.21 2.28
12. MEASAT 3.02 2.84 3.03
13. KEURO 0.73 0.54 0.73
14. TPC 0.30
TAN
