The market correction continues as the heavy volume delivery becomes due. The KLCI closed at 1570.04 down 4.45 points or o.28%. The immediate support is at 1550.
Stocks 1 - 8 are overbought.
Stock Close S'port Resist. RMIndex Inertia Rate
1. GUANCHG 2.62 2.60 2.70 97.0 60.6 6.8*
2. TM 3.77 3.75 3.80 96.3 56.1 7.9*
3. HUAYANG 1.11 1.06 1.11 88.4 61.2 7.0*
4. FOCUS 0.11 0.11 0.115 84.5 55.4 5.0
5. PENSONI 0.695 0.645 0.705 80.0 59.4 9.2
6. LBS-WA 0.36 0.36 0.38 79.5 59.7 7.5*
7. MEDIAC 0.91 0.90 0.92 79.3 56.0 5.8
8. MAXIS 5.40 5.39 5.40 72.9 59.1 7.5*
9. PJDEV 0.855 0.855 0.88 66.9 59.5 6.2*
10.PETGAS 11.30 11.30 11.40 65.7 60.0 6.0*
11.AIRPORT 6.15 6.12 6.16 57.0 50.8 3.0
FAVOURITES *
NOTE: Inertia > 60 Strong < 50 Weak
Rate > 6.0 Strong < 5.0 Weak
"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFIT"
TAN
