The market is trading range bound as traders square off their trading positions for the forthcoming holidays. The KLCI closed at 1542.97 down 4.46 points or 0.29%.
List A stocks are overbought but trend intact and firm, could continue its trend with supporting volume otherwise upside limited.
List B stocks neutral with upside potential if resistance levels could be bridged with good supporting volume.
LIST A
Stock Close S'port Resist. RMIndex Inertia Rate
1. GUANCHG 2.70 2.62 2.74 97.7 60.5 2.8
2. BORNOIL-WB 0.485 0.40 0.55 96.7 61.8 9.0*
3. HWGB 0.56 0.475 0.565 96.3 65.3 6.3*
4. HWGB-WB 0.475 0.338 0.485 95.5 62.8 7.4*
5. BORNOIL-WA 0.49 0.41 0.555 95.5 49.4 9.6
6. HUAYANG 1.12 1.10 1.16 90.5 64.3 6.0*
7. FOCUS 0.115 0.11 0.115 88.5 56.7 10.0
8. OLYMPIA 0.435 0.34 0.455 87.4 47.8 6.7
9. OLYMPIA-WA 0.195 0.115 0.205 87.3 41.9 7.4
10.POS 3.56 3.50 3.72 80.9 53.7 4.1
11. MJPERAK-PA 0.335 0.275 0.345 78.0 56.8 7.9
12.DUTALND-WA 0.155 0.145 0.17 77.7 48.9 4.3
13.MBFHLDG 0.725 0.715 0.735 77.1 58.2 10.0
LIST B
Stock Close S'port Resist. RMIndex Inertia Rate
1. K1-WA 0.93 0.885 0.96 68.1 46.1 7.3
2. PRDUREN 0.925 0.905 0.93 61.8 51.8 4.7
3. JERNEH 3.10 3.08 3.14 47.7 42.5 9.1
4. PLUS 4.48 4.44 4.49 34.5 43.4 5.7
5. REXIT 0.38 0.37 0.395 26.7 44.4 8.9
FAVOURITES *
"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFIT"
TAN
