The KLCI continue to move higher closing at 1544.03 up 2.75 points 0.18% in line with better closing in the Asian markets. However strong institutional buying interest is still small. The KLCI has to bridge the 1557 resistance level before it could move higher.
Stocks 1 - 3 are overbought, the trend of all stocks remain intact.
Stock Close S'port. Resist. RMI Inertia
1. E&O 1.61 1.59 1.65 98.9 61.6
2. GSB 0.12 0.105 0.12 95.7 61.2
3. MEDIAC 1.32 1.31 1.33 91.1 62.0*
4. MALTON 0.765 0.74 0.78 73.2 57.4
5. CIMB 8.28 8.28 8.33 67.6 47.5*
6. BENALEC 1.53 1.47 1.55 67.3 53.1
7. GENTING 11.24 11.18 11.48 56.4 57.5
8. TENAGA 6.28 6.15 6.24 54.2 45.8*
9. BJCORP 1.14 1.14 1.18 52.0 47.7
10.IOICORP 5.34 5.31 5.36 17.5 48.2*
FAVOURITES *
"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFIT"
TAN
