KLCI - at close 18.7.2011
Stocks 1 - 5 are overbought.
Stock Close S'port Resist RMI Inertia
1. TCHONG 4.90 4.84 4.90 98.7 64.5
2. CIHLDG 4.01 3.80 4.02 98.0 66.1
3. WIJAYA 0.56 0.515 0.595 93.5 60.4
4. BGYEAR 1.18 1.18 1.25 91.3 59.8
5. ENG 1.99 1.80 2.07 79.7 53.5
6. PALETTE 0.08 0.075 0.08 72.1 54.7
7. STAR 3.41 3.40 3.42 66.9 59.2
8. JOTECH 0.145 0.14 0.145 60.2 53.4
9. WIJAYA-WA 0.09 0.08 0.10 58.5 46.3
10.AGLOBAL 0.045 0.04 0.045 40.9 46.1
11.SCOMNET 0.10 0.09 0.10 36.6 48.6
NOTE: Some of you asked me how to read or use the information I post in this blog for trading purposes. Well, the most important point in technical analysis is to know the stock's support price level and the stock's resistance price level. When a stock is able to break above its resistance level with good volume the possibility of the stock's price moving higher is obvious. Similarly when a stock breaks below its support level with large volume the chance is the stock's trend had changed and may move lower. Hence knowing the stock's support and resistance price levels will help you - a trader to maximise your profit or minimise your loss. Further, many traders do not know where a stock's support or resistance level is. Knowing these can also help you in your timing of entry or exit from the market.
I hope this simple explanation will help all of you my subscribers to make better use of the information I post in this blog.
If any of you have further questions, I shall be happy to answer them.
"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFIT"
REMEMBER - THE TREND IS YOUR FRIEND!!
TAN
