The KLCI closed at 1509.79 up 2.51 points. The market remain range bound. However the up trend remains intact. Should the strong resistance at 1530 be overcome, the KLCE could see higher level before the year ends.
Stocks 1 - 6 are overbought and stocks 21 - 24 are oversold.
Stock Close S'port Resist. RMIndex Inertia Rate
1. IJMLAND-WA 1.91 1.84 1.93 92.3 59.5 5.2*
2. BIMB 1.52 1.35 1.54 87.3 46.6 12.8*
3. IJMLAND 3.12 3.07 3.15 82.7 49.8 2.1*
4. PETRA 0.955 0.865 0.96 82.2 52.6 4.6*
5. ECM 0.805 0.74 0.805 76.6 46.9 7.1
6. TWSCORP 0.925 0.895 0.935 70.9 42.7 2.4
7. KUB 0.625 0.54 0.635 68.8 46.7 13.7*
8. MAXIS 5.37 5.33 5.37 66.2 53.4 0.2
9. MJPERAK 0.475 0.45 0.50 59.0 41.3 7.3
10. HOVID-WA 0.04 0.035 0.045 57.9 53.8 10.0
11. KUCHAI 1.48 1.44 1.48 57.1 46.7 7.6*
12. SCOMIMR 0.535 0.505 0.545 51.0 46.6 5.6
13. QSR-WB 2.64 2.47 2.64 50.9 39.0 8.4
14. FRONTKN 0.18 0.17 0.18 49.8 46.9 4.9
15. GADANG 0.73 0.705 0.745 44.9 43.6 4.1
16. CAROTEC 0.06 0.055 0.065 45.3 47.3 13.6
17. JOTECH 0.105 0.10 0.105 44.2 38.1 5.7
18. TMCLIFE 0.54 0.52 0.545 39.6 37.7 5.2
19. IOICORP 5.81 5.80 5.81 37.7 34.0 1.3
20. KBUNAI 0.18 0.18 0.19 35.6 27.0 1.6
21. WCT 3.12 3.06 3.17 29.7 44.2 2.5
22. SALCON 0.71 0.71 0.715 28.2 36.3 3.2
23. SCOMI 0.35 0.33 0.35 5.3 32 8 5.4
24. SCOMI-WA 0.14 0.13 0.14 3.4 31.4 7.9
NOTE: In a bullish market, overbought stocks could remain overbought for an extended period of time provided their buying interests are supported by volumes.
Stocks posted earlier remain valid as long as their support levels are not broken.
I plan to hold a half-day seminar on Technical Analysis and at the same time explain to all user of this blog the basics of my stock selection if there is enough number of people interested to come. It will be a Saturday. You need only to pay RM10.00 for the cost of renting the place. Simple light refreshment/coffee will be provided. Interested e-mail me or call 016-2257318 to register.
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"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFIT"
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