The correction of the KLCI slowed down towards the afternoon session and the market recovered in line with the recovery in the Asian financlal markets. The KLCI then closed at 1562.94 down only 0.58 point or 0.04 %. The market is range bound and the oil and gas sectors remain in favour.
LIST A
Stock Close S'port Resist. RMIndex Inertia Rate
1. SAPCRES 3.45 3.27 3.50 98.8 72.9 8.8*
2. DRBHCOM 2.22 2.21 2.27 98.8 59.1 6.7*
3. KENCANA 2.73 2.67 2.76 97.1 66.8 8.4*
4. EKOVEST 3.47 3.36 3.54 95.8 61.3 8.4*
5. MUHIBAH 1.78 1.76 1.82 95.8 61.1 8.9*
6. INGENS 0.14 0.14 0.145 86.1 59.4 4.0
7. MAA 0.81 0.79 0.83 85.8 45.8 8.2
8. TWSCORP 1.09 0.96 1.09 80.6 53.1 8.8
9. GENTING 11.42 11.26 11.46 79.6 65.4 7.3*
10. WASEONG 2.30 2.28 2.33 79.3 53.3 7.0*
11. NICORP 0.07 0.065 0.075 79.3 58.0 8.0
12. LIONIND 2.15 2.10 2,21 77.1 51.1 10.0*
13. GENM 3.55 3.53 3.56 75.8 68.6 3.8*
14. AFFIN 3.54 3.45 3.63 73.4 58.7 6.5*
LIST B
Stock Close S'port Resist. RMIndex Inertia Rate
1. BURSA 8.51 8.33 8.52 69.4 54.4 6.3*
2. PANTECH 0.715 0.695 0.715 65.4 48.3 9.0*
3. GUOCO 1.35 1.27 1.39 63.5 58.4 6.1*
4. AFG 3.22 3.19 3.28 63.4 53.3 8.3*
5. SUPERMX 4.69 4.55 4.74 54.8 41.1 9.9*
6. OCI 0.20 0.13 0.275 47.8 44.7 7.5*
FAVOURITES *
NOTE: Watch the stocks with Strong Inertia and High Rating closely, take action only when they breakout above their resistance levels with good volumes.
New readers of this blog who are interested to know how the stocks are selected are advised to refer to explanations posted in my earlier postings.
"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFIT"
TAN
