Although the KLCI managed to stay above the support level of 1560 to close at 1574.01 up 4.99 points 0.32%, the market is weak. The KLCI may test the immediate resistance level of 1577 again in the next few days.
Stocks 1 - 8 are overbought.
Stock Close S'port Resist RMI Inertia
1. KBB 0.465 0.405 0.465 95.3 64.1
2. KURASIA 0.52 0.49 0.535 94.8 48.1
3. DIJACOR-W A 0.60 0.555 0.615 94.0 52.8
4. MAGNA 1.03 1.01 1.04 92.4 58.8
5. AIRASIA 3.47 3.39 3.50 85.6 53.3
6. TM 3.92 3.87 3.92 83.9 53.9*
7. LIONIND 1.86 1.82 1.87 82.6 54.9*
8. LIONDIV 0.495 0.475 0.505 81.1 56.1*
9. SIME 9.27 9.20 9.30 74.2 54.6
10.DVM 0.08 0.07 0.08 72.2 46.3*
11.KELADI 0.185 0.18 0.195 60.9 50.2*
12.BORNOIL-WB 0.355 0.32 0.37 60.4 53.1
FAVOURITES *
"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFIT"
TAN
