The recovery in the market continues as traders return after the holidays. Volumes in certain penny stocks continue to surge in active trading. The KLCI closed at 1539.55 up 3.95 points or 0.26%. The KLCI may test the resistance level of 1550 again this week.
Stocks 1 - 14 are overbought but still remain bullish.
Stock Close S'port Resist. RMI Inertia Rate
1. RAMUNIA-WA 0.53 0.53 0.585 99.8 57.2 5.7*
2. MAHSING 2.63 2.55 2.66 99.3 64.4 5.6*
3. HOVID-WA 0.09 0.085 0.09 95.4 59.3 5.9
4. KBUNAI 0.26 0.26 0.29 92.9 52.4 3.4*
5. MUIIND 0.29 0.28 0.315 89.4 57.3 3.8
6. NICORP 0.08 0.075 0.09 87.7 58.6 3.5
7. FRONTKN-WA 0.135 0.135 0.145 87.1 60.5 4.8
8. ASB-LA 0.155 0.155 0.16 86.3 69.6 5.6
9. RAMUNIA 0.695 0.695 0.75 85.6 54.4 3.2
10.PJI 0.19 0.165 0.20 82.6 53.8 4.0
11.PCHEM 6.37 6.30 6.39 80.1 68.0 3.0
12.PMIND 0.07 0.07 0.075 78.1 56.6 2.0
13.JADI-WA 0.15 0.15 0.16 78.0 59.8 2.3
14.DAYA 0.275 0.275 0.295 76.1 50.2 2.9
15.ASIAPAC 0.13 0.125 0.14 68.5 54.1 3.1
16.MARCO-WA 0.08 0.08 0.09 64.1 58.8 3.1
17.KENCANA 2.64 2.63 2.67 57.4 58.0 3.9
18.TIME 0.495 0.485 0.51 54.7 53.9 2.7
19.L&G 0.52 0.51 0.535 47.5 56.3 2.7
20.MULPHA 0.605 0.59 0.62 45.5 57.8 4.0
FAVOURITES *
"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFIT"
TAN
