The KLCI recovered in the afternoon and closed at 1485.42 up 0.19 points. With so much negative news in the European financial markets, the Asian market remain fragile and weak. Should the KLCI 50 day moving average support level be bridged, we could see lower levels.
Stocks 1 - 15 are overbought.
Stock Close Support Resistance RMIndex Inertia
1. SUNCITY-WA 1.06 1.06 1.12 99.5 69.9
2. IJMLAND-WA 1.77 1.70 1.77 98.6 64.1
3. IJMLAND 3.00 2.96 3.07 98.1 55.8
4. SPSETIA-WB 1.46 1.46 1.49 96.4 66.1
5. FRONTKN-WA 0.10 0.09 0.10 96.1 60.1
6. IJM-WC 2.45 2.22 2.45 95.7 55.9
7. SAPCRES 2.80 2.67 2.84 92.4 59.1*
8. KEURO 1.18 1.17 1.24 91.1 46.0
9. MITHRIL 0.155 0.145 0.165 90.8 50.7
10. TWS 4.74 4.35 4.76 90.8 59.0*
11. GLBHD 1.04 1.01 1.05 88.3 45.5
12. HWGB 0.365 0.35 0.37 81.4 44.1
13. PLUS 4.40 4.41 4.43 77.3 53.1
14. POHKONG 0.475 0.47 0.475 75.2 43.9*
15. HWGB-WB 0.23 0.22 0.235 73.4 44.5
16. DRBHCOM 1.38 1.30 1.40 67.9 54.4*
17. MARCO 0.15 0.14 0.16 67.4 52.6
18. AMMB 6.19 6.18 6.21 60.7 51.6*
19. MJPERAK 0.43 0.425 0.45 60.5 46.1*
20. IRIS 0.145 0.14 0.145 40.4 52.5
21. INCKEN 0.78 0.745 0.78 40.1 37.6*
22. MISC 8.69 8.68 8.70 39.9 42.1
23. YNHPROP 1.78 1.76 1.82 39.4 39.5*
24. MVEST 0.485 0.48 0.485 38.4 40.8*
25. CHANG 1.16 1.15 1.17 38.2 44.9*
26. TIMECOM 0.68 0.675 0.68 37.1 48.7*
NOTE: Stocks marked * are my personal favourites for the day. TAN
