The market took a beating today as the whole Asian market came under selling pressure on fears that a US recession might affect the whole world's economic outlook. The KLCI closed at 1446.26 down 22.86 points 1.56%. The immediate support is at 1440. Should this level be bridged, the market could see a much lower level.
Stocks 1 & 2 are overbought.
Stock Close S'port Resist RMI Inertia
1. DENKO 0.43 0.385 0.46 92.5 60.4
2. MALTON 0.56 0.51 0.60 72.7 56.5
3. SYSTECH 0.34 0.31 0.445 66.0 43.1
4. ASIAEP 0.065 0.055 0.065 65.6 50.5
5. OSK 1.53 1.47 1.56 62.0 60.7
6. TIGER 0.13 0.125 0.135 61.9 52.4
7. FOCUS 0.065 0.06 0.065 58.0 53.1
8. LBS 0.82 0.78 0.84 44.9 54.1
9. MPAY 0.16 0.155 0.165 39.9 54.0
10.TEJARI 0.055 0.05 0.06 38.9 44.8
11.JAKS 0.615 0.605 0.635 35.0 51.1
12.DIGISTA-WA 0.315 0.315 0.325 23.1 50.6
"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFITS"
TAN
