The KLCI closed at 1510.58 up 0.79 points. The up trend remain intact but market looks tired. Be cautious.
Stocks 1 - 4 are overbought and stocks 20 - 26 are oversold.
Stock Close S'port Resist. RMIndex Inertia Rate
1. AIRASIA 2.70 2.65 2.74 85.8 62.8 0.6
2. KNM 2.33 2.17 2.34 82.3 43.7 4.1
3. TAKAFUL 1.43 1.34 1.43 72.7 51.9 6.5*
4. INCKEN 0.85 0.825 0.855 71.4 37.7 2.2*
5. PANSAR 0.52 0.505 0.535 64.2 23.1 3.0
6. TIGER 0.165 0.16 0.165 60.2 50.0 3.1
7. MVEST 0.595 0.50 0.60 58.8 37.2 18.9
8. THPLANT 1.75 1.63 1.75 57.7 44.2 8.1*
9. CAROTEC 0.07 0.06 0.07 55.9 49.2 17.7
10. PJDEV 0.82 0.79 0.83 49.1 37.7 2.8
11. TAKASO 0.42 0.36 0.42 48.0 39.6 15.9
12. ETITECH 0.26 0.245 0.265 43.8 26.9 3.2
13. TIMECOM 0.685 0.67 0.685 43.7 47.0 1.1*
14. DAYA 0.235 0.22 0.235 41.0 33.2 7.7
15. YTLPOWR 2.41 2.40 2.44 40.6 37.0 0.9
16. KHSB 0.425 0.415 0.44 37.6 44.8 2.3*
17. GENM 3.39 3.35 3.40 34.8 52.4 1.4*
18. IRCB 0.29 0.28 0.30 34.3 35.8 2.4
19. EBWORX 0.395 0.37 0.40 30.8 43.0 6.7
20. EDEN 0.41 0.39 0.42 28.9 32.9 5.2
21. L&G 0.485 0.47 0.50 24.3 30.1 2.5*
22. HARVEST 0.135 0.135 0.14 23.6 46.8 3.4
23. ALAM 1.01 0.99 1.05 12.6 35.7 13.0
24. KINSTEL 0.845 0.82 0.86 12.4 26.4 4.6
25. LIONCOR 0.265 0.26 0.275 10.4 29.0 4.0
26. SCOMI-WA 0.145 0.14 0.15 3.3 30.5 10.3
NOTE: How to choose a stock based on the above :-
1. The stock must open above its support level and stay/remain above the support level for the whole morning preferably with good buying volume. It would be better if it is able to break above the resistance level and stay above the level. Be cautious if the stock opens below the support level and trades lower in the first hour and stays below the support level. Such stocks are weak. Do not buy.
2. The stock should preferably not be overbought and have good inertia, a rating greater than 1.00 and have increasing transacted volumes for the last few days.
3. The stock should be in the sector that is in active play for the season eg property, steel etc.
4. Stocks with RMIndex above 70 are overbought and stocks with RMIndex below 30 are oversold.
5. Rating:- less than 1.0 Weak
1.0 - 2.0 Fairly Strong
2.0 - 5.0 Strong
greater than 5.0 Very Strong
A word of caution - The rating is based on the day's evening close.
My Favourites*
"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFIT"
TAN
