Stock Watch Alerts for 11.7.2011

KLCI - at close 8.7.2011

The KLCI continued to move higher and closed at 1594.74 up 4.50 points 0.28% as investors confidence returns to the market.  However the overall Asian financial markets remain fragile and weak. Be cautious.

Stocks 1 - 8 are overbought, however their uptrend remain intact and could move higher if they could bridge their resistance levels with good supporting volumes.

     Stock         Close   S'port  Resist  RMI   Inertia

1.  FLONIC       0.135   0.135   0.14    98.9    74.0
2.  UMW           7.40     7.28     7.45    91.1    52.2
3.  AXIATA       5.05     5.02     5.05    89.9    51.5
4.  AMMB          6.71     6.71     6.75    89.1    64.1 
5.  IVORY         1.16     1.14     1.19    88.4    57.0
6.  MAYBANK    8.99     8.97     9.00    86.0    63.1
7.  SRIDGE       0.275   0.23     0.28    82.7    55.6
8.  BJCORP       1.25     1.24     1.25    79.0    61.5
9.  CAREPLS     0.49     0.44     0.50    77.8    56.6
10.SBCCORP     1.09     0.95     1.12    70.6    49.5

NOTE: To have a clearer view of the chart, point your mouse on the chart and click - the chart will enlarge itself.

"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFIT"

TAN