GAMUDA
Bursa had a quiet session it being a Friday. The KLCI close at 1326.45 up only 0.58 points on a small trading volume. It is meeting strong resistance to go higher although the market uptrend still remain intact.
The following stocks managed to close above their support levels with modest volumes.
Stocks 1 -17 are overbought. GAMUDA & KEURO trend remain bullish. Watch for divergence in their MACD to SELL.
Stock Close Support Resistance
1. KEURO 0.94 0.86 0.945
2. SINOTOP 0.595 0.495 0.605
3. SAPCRES 2.25 2.23 2.26
4. ALAM 1.84 1.78 1.85
5. MEDIAC 0.855 0.825 0.86
6. KLCCP 3.07 3.04 3.09
7. GAMUDA 3.24 3.21 3.28
8. AMMB 5.03 5.00 5.05
9. KLK 16.38 16.36 16.50
10. TA 0.68 0.675 0.685
11. CIMB 7.06 7.02 7.10
12. KKB 1.98 1.92 2.08
13. AXIATA 3.94 3.93 3.95
14. AFG 2.97 2.96 3.01
15. GENM 2.78 2.78 2.80
16. MKLAND 0,32 0.305 0.335
17. E&O 0.935 0.935 0.95
18. PERISAI 0.54 0.535 0.575
19. KENMARK 0.13 0.115 0.15
NOTES ON THE CHART INDICATORS.
The 2 main indicators in the charts are the "Inertia Indicator -
the Purple Line "
& the "Triple Exponential Moving Average Indicator -
the Blue Line ".
"Buy" when both the indicators turn upwards together with
the other confirming indicators - the Stochastic Momentum Indicator, the MACD and the Histogram and
"Sell" when they start to turn downwards and when a divergence is seen in the MACD.
As long as you stick to these principles, you are on the right track.
To view the charts clearly, point your mouse on the chart and left-click; the chart will be enlarged.
TAN
