The KLCI continue to move higher closing at 1555.38 up 10.25 points 0.66%. The immediate resistance at 1576 has to be bridged for the KLCI to move higher. However the stocks leading the market recovery is limited to a very selective list of stocks in the timber, oil and gas and financial institutions.
Stocks 1 - 12 are overbought, trend of all stocks posted remain intact. However be cautious as market is volatile.
Stock Close S'port Resist RMI Inertia
1. PCHEM 7.37 7.24 7.40 98.5 66.2*
2. GENM 3.84 3.68 3.84 89.1 53.9*
3. ECM 0.90 0.89 0.915 88.9 55.8*
4. DIALOG 2.43 2.32 2.47 88.5 51.2*
5. TIMECOM 0.84 0.84 0.88 87.2 57.2*
6. DRBHCOM 2.37 2.30 2.41 85.3 59.5
7. KENCANA 2.72 2.62 2.75 78.0 55.1*
8. KURASIA 0.43 0.375 0.435 77.6 58.8
9. TIME 0.495 0.48 0.495 74.7 53.5
10.MAYBANK 9.01 8.96 9.02 74.3 48.4*
11.AIRASIA 2.69 2.69 2.72 73.0 54.2*
12.GENTING 11.08 11.04 11.08 71.7 56.8*
13.JOTECH 0.14 0.14 0.15 69.7 48.7
14.MAA 1.03 0.83 1.03 68.3 55.7
15.MEGB 2.15 1.92 2.21 63.2 52.1
16.CIMB 8.34 8.20 8.36 61.9 62.6
FAVOURITES *
"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFIT"
TAN
