As mentioned in my posting for 10.1.2011; the market is due for a correction. The correction began as expected. The KLCI closed at 1563.52 down 8.69 points 0.55%. The immediate support is at 1550. If the market could hold above this level, the up trend remains intact. Be cautious.
LIST A
Stock Close S'port Resist RMIndex Inertia Rate
1. KEURO 1.67 1.54 1.71 95.9 49.2 7.9*
2. GADANG 0.93 0.865 0.94 95.7 56.9 7.7*
3. MITRA 1.80 1.59 1.85 95.0 60.7 9.8*
4. MUHIBAH 1.76 1.69 1.79 95.0 61.1 7.3*
5. EKOVEST 3.36 2.96 3.36 94.9 59.8 5.6*
6. BJCORP 1.26 1.23 1.28 90.4 52.7 5.6
7. MPHB 2.42 2.35 2.44 89.9 57.5 5.0*
8. SPSETIA-WB 2.01 2.00 2.02 85.5 57.7 3.4
9. INGENS 0.14 0.13 0.15 85.3 58.8 2.5
10.PLUS 4.69 4.61 4.78 84.9 46.8 10.0*
11.AZRB 1.30 1.23 1.32 83.1 57.1 8.5*
12.BJLAND 1.20 1.16 1.20 80.3 49.1 3.3
13.TRC 1.68 1.46 1.69 77.4 45.1 8.9*
14.NICORP 0.065 0.05 0.07 72.6 53.4 5.0
LIST B
Stock Close S'port Resist RMIndex Inertia Rate
1. MYEG 0.82 0.80 0.835 69.6 36.1 8.0
2. TWSCORP 0.96 0.93 0.97 69.4 51.3 6.3
3. TEBRAU 0.82 0.81 0.84 69.4 51.9 5.2
4. MRCB 2.34 2.22 2.39 68.6 53.3 7.9*
5. SIGGAS 1.19 1.09 1.23 64.0 49.2 4.5*
6. PANTECH 0.695 0.66 0.70 58.6 45.8 8.4*
7. SWEEJOO 0.26 0.25 0.34 47.3 45.3 7.9*
8. SUPERMX 4.55 4.46 4.57 41.6 39.7 9.0*
FAVOURITES *
NOTE: List A stocks are overbought but trend remain intact; could go higher if able to bridge their resistance levels.
List B stocks are neutral but show potential for higher levels if resistance levels bridged.
"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFIT"
TAN
