The rally in the market continues and the KLCI closed at 1465.35 up 22.92 points 1.59%. For the KLCI to move higher the resistance at 1478 must be bridged. The immediate support is at 1448. The overall market is still weak. Be cautious.
Stocks 1 - 7 are overbought but their trend iremain intact.
Stock Close S'port Resist. RMI Inertia
1. GPRO 0.18 0.155 0.185 99.7 81.5
2. REDTONE 0.32 0.245 0.33 95.2 68.9
3. MALTON 0.63 0.575 0.64 81.4 46.5
4. MBSB-WA 0.825 0.65 0.855 77.5 48.0
5. HAPSENG-WA 0.54 0.41 0.545 76.3 53.8
6. DUTALND 0.645 0.625 0.65 73.7 56.5
7. KUB 0.72 0.615 0.725 72.3 54.8
8. AXIATA 4.91 4.80 4.92 65.5 48.2
9. CIMB 7.37 7.25 7.47 61.3 47.3
10. YTLLAND 1.25 0.96 1.30 61.0 44.5
11. AIRASIA 3.59 3.24 3.62 59.2 57.9
12. HWGB 0.38 0.32 0. 38 58.4 45.7
13. MRCB 1.96 1.85 1.96 53.1 48.3
14. PCHEM 6.14 5.79 6.14 49.9 45.5
15. UEMLAND 2.05 1.85 2.06 48.5 42.3
16. RAMUNIA 0.405 0.37 0.41 47.6 42.0
NOTE: This is not the complete list of stocks. The stocks posted here have a minimum traded volume above 10,000 during the day. Some of your stocks which brokeout above the resistance may not be included here because they have a traded volume below 10,000.
Stocks with high inertia are stronger, the higher the inertia, the stronger. Some of the stocks may have been posted in the earlier lists but they are still posted here because their uptrend remain intact and they may continue to move higher if they break the new resistance level on their way up.
The uptrend of the stocks posted in the earlier lists remain intact as long as they stayed above their support level.
"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFITS"
TAN
