HOT counters...from technical analysis point of view

[alib4b4]

KLCI all time high next week?

amacam? lu setuju?

All-time high likely for CI next week
BusinessNews 2012-03-31 12:38
By Christine Lim

KUALA LUMPUR, March 31 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) will likely break the all-time high of 1,597 next week supported by local liquidity and strong first-quarter market performance in regional Asia Pacific markets.

The index touched the 1,597 record level on July 11 last year.

Dr Nazri Khan, vice president, head of retail research of Affin Investment Bank, said the FBM KLCI is also likely to get momentum from MSCI Asia Pacific and most Asian markets which finished the first quarter with a double-digit advance (Japan, Thailand, Taiwan).

"We note that MSCI Asia Pacific marked the best first quarter in 21 years despite concerns on China's economic resilience," he told Bernama.

The MSCI ASia Pacific index, according to Nazri, scored a first-quarter gain of 11.5 per cent, the best first-quarter performance since 1991.

Despite underperforming the region, the FBM KLCI's handsome first-quarter gains of 4.5 per cent, he said, should build more momentum in the near term.

The local market has four necessary ingredients to push the market higher, he said.

"The local market has ample liquidity on the sidelines, an accommodative Bank Negara, low interest rates and government commitment for economic projects," he noted, adding the local market will take further cues from a strong US market.

Interestingly enough, he said, despite negative external fundamentals, the FBM KLCI has charged from a support line of 1,310 since Sept 26, 2011 (an impressive gain of 21.5 per cent in six months).

"The six-month rally is considered the steepest bullish uptrend never seen since April 2009," he said, adding there is also a fairly reasonable speculative element in the small cap stocks to create some excitement near term.

"Though we agree that the local market is overbought and investors may pause after recent sharp gains, we have yet to see any evidence of distribution to suggest a serious market wind-down in the near term," he said.

During the week, share prices on Bursa saw volatile trading with sentiment cautious amid soft economic data from the US and pockets of weaknesses from the China market.

The market ended on a strong note for the week with the FBM KLCI rallying to close at 1,596.33, near its all-time high of 1,597, reflecting the best quarter performance in Asian markets as investors hope that a meeting in Copenhagen on Friday and Saturday among European Union ministers will address the eurozone debt issues.

On a Friday-to-Friday basis, the benchmark FTSE Bursa Malaysia KLCI advanced 10.50 points to 1,596.33 from 1,585.83 last Friday.

Total weekly volume decreased to 7.746 billion shares worth RM7.784 billion from 12.395 billion units worth RM8.044 billion last week.

The main market turnover decreased to 4.131 billion shares worth RM7.281 billion from 6.337 billion shares worth RM7.25 billion last week.

Volume on the ACE market decreased to 3.056 billion valued at RM463.499 million from 5.519 billion units valued at RM728.187 million last week.

Warrants declined to 289.246 million shares worth RM31.108 million from 382.556 million shares worth RM43.021 million last week.

http://www.mysinchew.com/node/71955

 

[alib4b4]

Market awaits a new catalyst

REVIEW: The Dow Jones Industrial Average rebounded 34.59 points to 13,080.73 the previous Friday after a short breather, lifted by shares of energy and basic materials amid optimism of further upside potential in the current rally.

Elsewhere, light sweet crude recovered a hefty US$1.52 to settle at US$106.87 a barrel on the belief a selldown in the previous session, brought about by slower-than-expected manufacturing data from China and the euro zone, was overdone.

The turnaround in US markets overnight helped keep Bursa Malaysia's principal index, the FBM Kuala Lumpur Composite Index (FBM KLCI), in positive territory but within a narrow range in the morning session. It had opened the week little changed on the negative side, losing 0.11 of a point at 1,585.72.

Although sentiment was somewhat positive, trading was generally cautious. With the struggling regional peers continuing to weigh on the local bourse, it later succumbed to pressure and made a retreat.

In a sluggish session, the key index reversed early gains to end at the day's low of 1,582.98, down 2.85 points on Monday.

From the technical point of view, the index's closing at the day's ebb does not bode well for the market, as it usually would open the doors for more downtrend the next day.

However, that was not the story as Bursa Malaysia was saved from sinking due to a big jump overnight on Wall Street, which saw the Dow advancing 160.90 points to 13,241.63 on extended buying after Federal Reserved Chairman Ben Bernanke signalled supportive monetary policy would remain even though the job picture had begun to improve.

The positive comments bolstered equities across the Asia-Pacific region but unlike the bullish offshore tone, sentiment at home was subdued throughout and it was clearly reflected on the daily chart.

On Tuesday, the FBM KLCI flirted between an intra-day high and low of 1,591.03 and 1,585.80 respectively, in a pretty tight band of 5.23 points before ending at 1,588.10, up 5.12 points, with the scoreboard showing winners and losers almost evenly matched.

Thereafter, the local market extended the sideways pattern on profit-taking activity alternated with bargain-hunting interest, undergoing further consolidation in the absence of fresh market-stimulating leads on the horizon.

In range-bound trade, the key index lost 4.35 points to 1,583.75 in mid-week but eked out a small gain of 1.69 points to 1,585.44 on negative market breadth on Thursday and climbed an extra 10.89 points to 1,596.33 amid follow-through bargain-hunting interest, tracking the rebound in certain overseas markets yesterday.

Statistics: On a weekly basis, the major index added 10.50 points, or 0.7%, to 1,596.33 yesterday, versus 1,585.83 on March 23.

Weekly turnover stood at 7.747 billion shares valued at RM7.784bil, against 12.395 billion units worth RM8.045bil which changed hands the prior week.

Technical indicators: The oscillator percent K and the oscillator percent D of the daily slow-stochastic momentum index pulled back from the top to the mid-range before pausing. It had triggered a sell on Monday.

Meanwhile, the 14-day relative strength index improved slightly to end at the 68 point-level.

Elsewhere, the daily moving average convergence/divergence (MACD) histogram was little changed, keeping the sell signal despite the downward gap narrowing.

Weekly indicators appeared promising, with the weekly slow-stochastic momentum index flashing a buy and the weekly MACD sustaining the steady positive expansion against the weekly trigger line to retain the bullish note.

Outlook: Bursa Malaysia was generally range-bound the past four days before picking up steam yesterday, with the FBM KLCI inching nearer to the historical peak and the resistance level of 1,600 points.

Perhaps our stock market would have fared much better if lingering concerns about global growth had not dampened local sentiment, which prompted most investors to take a cautious stance and sit on the sidelines.

For now, there are just not enough compelling leads for the bulls to launch a desired rally, while the key index is flirting around the pinnacle. So, unless there are some new incentives or fresh catalysts coming to the fore that can really push the bulls one level up, the local bourse will continue to fluctuate within a band with a mild upward bias, and sporadically looking directionless, awaiting for a fresh factor to spark a rally.

Technically, indicators are either mending gradually or encouraging, implying Bursa Malaysia is likely to advance at a slow pace until a clearer picture emerges.

The immediate target is to re-test the historical high of 1,597.08 and challenge the 1,600-point psychological mark. Thereafter, resistance can be expected at every 20-point or 30-point interval.

Current support is seen at 1,580 points. The lower floor is envisaged at the 50-day simple moving average of 1,560, where a clear breakdown would have a negative impact on the market going forward.

http://biz.thestar.com.my/news/story.asp?file=/2012/3/31/business/10988599&sec=business

 

[alib4b4]

Perisai-analyses fm analysts

yo bro! whassup?
perghhh..rasa mcm mat black lak pepagi nan sojuk nih. sesambil wa layan rugby super 12 ni, wa tetiba teringat lak nak share dgn lu sumthing...lgpun wa still tak sehat nih

among mende yg retailers rely on is research houses analyses. normally, selain dr tips & rumours, menatang ni lah derang depend utk buat investment decision (ekceli bkn investment pun kan? muahahaha)

sbb apa tips, rumours & analyses menjd faveret? hehehe. ye betul. sbb senang je kan? tak payah nak pikir2 kan? buat apa nak semak kepala otak kan? free lak tu kan?

kalo ni lah lu nyer attitude selama ni, wa leh gerenti...ekceli skrg ni lu bknnya buat uangg pun kat klse kan? lu nyer loss lg byk dr gain lu kan? wa ada beran kasi aweks borneo yg puteh melepak tu kalo wa salah (eh? ye ke? muahahaha)

apapun uang lu, lu punya psl. mcm wa ckp byk kali, wa kat klse sbb wa nak cari uang lebey2 utk menggumbirakan aweks2 wa. derang gumbira, wa pon tumpang 'gumbira' lah kan. org ckp mende?...'rezeki' jgn ditolak? muahaha. dgr mcm hampeh je. tp at least wa ada target & obj. siap ada kpi lg tuh. lu ada? muahahaha

oklah..sblm wa gi bfast ni, wa share sket analyses psl perisai. lu baca lah kalo lu nak baca. wa bkn anti FA. so wa baca lah gak sket2 wpun wa more to TA school of thought. kenkdg wa baca wa tau report tu dlm bhs enggerish. tp masalahnya wa baca tp wa tak paham apa wa baca...spm dulu bhs enggerish wa F9 beb! )

eh jap..pesal sekor pon aweks2 wa tak angkat tepon ni? takkan wa nak bfast soang2 lak ni? tak romero lah ini mcm...adeh adeh (

 

[alib4b4]

Something is WEIRD with this counter..part 1

hmmmm..wa ada belek2 kaunter ni td & wa rasa mcm 'pelik' sket. so wa usha dia nyer chart pepehal. so wa attachkan 2 chart utk lu. 1 ialah line chart & 1 lg is candlestick chart for the past 1 year...just nak feel its past trend

wa sj hide nama kaunter ni kat chart..kira kasi lu saspen(der) sket arrr. tp lu mesti dpt agaknyer lah kaunter apa. kalo lu tak nampak gak...lu mmg lemau tahap cipan! muahahaha

mcm biasa, 20MA wa jdkan basis apart fm BB. then wa taruk stochastic & macd as msg (penambah perisa). kalo lu usha betul2, candle chart tu takleh nampak sgt..sbb terlampau kecik. so ni nanti wa zoom-in kan utk kita analyse sesama. tp kalo line chart tu lu nampak mende?

then kat stochastic, dia dah ada bullish crossover. yg peliknya crossover ni dah 2-3 kali jd dah. kat oversold region lak tu. tp price still hampeh. then kat macd pun, bar hijo berderet2. tp price? lg menurun, ada arrr. hmmmm..interesting!

so based on sekilas pandang, looks like something is 'cooking' inside...

 

[alib4b4]

Something is WEIRD with this counter..part II

ok. sambung blk. break jap td tgk rugby

lps wa usha 1-year chart kaunter ni td in part I, wa godek2 sket apa research hses ckp psl kaunter ni...(by now u shud know what counter this is lah kan?)

pastu wa compare lak dgn short term chart yg wa akan share after this. it turns out to be..mmg interesting!

b4 we analyse the chart fm TA point of view, kita usha dulu part FA dia. b4 that, lu kena bacha dulu attachment yg wa dah compile ni...

then kat bwh attachment tu, wa ada buat conclusion point2 penting dia beb...nanti next posting part III, wa share dgn lu sbb apa wa ckp kaunter ni mmg 'interesting'..ok?

nanti sambung lg..wa nak cari selimut kat aweks wa yg dtg melawat wa tghari td...tido lak dia tgk world sevens rugby dpn tv (ekceli saper yg sakit sbnrnya ni?)

ps: new zealand kalah dgn samoa semi-final cup la...potong!

 

[alib4b4]

Something is WEIRD with this counter..part II

ok. sambung blk. break jap td tgk rugby

lps wa usha 1-year chart kaunter ni td in part I, wa godek2 sket apa research hses ckp psl kaunter ni...(by now u shud know what counter this is lah kan?)

pastu wa compare lak dgn short term chart yg wa akan share after this. it turns out to be..mmg interesting!

b4 we analyse the chart fm TA point of view, kita usha dulu part FA dia. b4 that, lu kena bacha dulu attachment yg wa dah compile ni...

then kat bwh attachment tu, wa ada buat conclusion point2 penting dia beb...nanti next posting part III, wa share dgn lu sbb apa wa ckp kaunter ni mmg 'interesting'..ok?

nanti sambung lg..wa nak cari selimut kat aweks wa yg dtg melawat wa tghari td...tido lak dia tgk world sevens rugby dpn tv (ekceli saper yg sakit sbnrnya ni?)

ps: new zealand kalah dgn samoa semi-final cup la...potong!

lupa lak nak letak attachment yg 2 lg ni

 

[alib4b4]

Something is WEIRD with this counter..part III

kita sambung dgn kaunter pelik (weird) kita ni. td wa ada kasi what analysts fm 4 research hses ckp psl FA kaunter ni kan? lu dah baca lom? kalo lu baca, lu akan faham apa yg wa try nak sampaikan ni.

tp b4 that, meh kita analyse dulu based on TA purely. lps ni kita combinekan dgn FA lak. baru cun cantum-mencantum ni kan? baru 2 ati jd 1 lah kan? (eh? apakah? muahahaha)

kaunter ni start downtrending on 020312. lu perasan tak ada 1 white shooting star with selling vol yg merah saga baek punya tu? shooting star signifies bearish reversal. so logik lah kan?

kalo lu tgk blk posting part I, lu akan perasan yg 20MA is always the support for this counter. price kaunter ni break 20MA on 130312 sampai lah 200312 bila dia touch BB lower band ritu.

on 210312, ada 1 white candle kan yg jdkan dia as a bullish engulfing if we were to combine with previous day black candle. bullish engulfing, as we know, is a bullish reversal. buying vol pun around 1.83M ritu. the next day, it's expected akan ada reversal. unfortunately, ada 1 black candle yg jdkan dia as a bearish piercing. macd pun dah start ada green histo tp price still jatuh. at the same time, stoc dah ada bullish crossover kat oversold area (anak panah wa ter-ke kanan sket). so, ni adalah 1st bullish reversal failure. kepelikan dah ni...

ok takpe. kita move on. after that price jatuh lg until 280312. lu nampak tak black hammer tu? hammer pun is another bullish reversal. tp still tak menjd wpun stoc again has bullish crossover & macd histo pun hijo gak. dah 2nd bullish reversal failure ni. makin pelik...

lps hammer tu ada spinning top kan? bila cantum dgn black hammer sblm tu, dia jd bullish counter attack on 290312. again, stoc produce bullish crossover & macd with green histo.

on 300312, jemaat lps, baru ada white candle with buying vol. stoc still with bullish crossover & macd with green histo. ni mmg another bullish reversal sbb dia dah jd a morning star. wa akan jd pelik kuasa 3 kalo esok masih lg false reversal. so esok, kita usha betul2 sbb this will be its 3rd bullish reversal in a matter of 9 trading days.

so let's say esok KALO betul2 jd reversal, this will be the plan lah kan. E=2.20. TP1=2.26 (20MA). TP2=2.34 & TP3=2.42. SL=2.13.

now, let's combine with analyst2 punya FA. ada 3 coverage calling for a BUY on 260312 ie: 3rd trading day after bullish engulfing terbentuk tp price still keep on falling down. ni pelik sbb normally sst kaunter agak react +vely bila coverage yg recommend BUY serentak mcm ni. tu 1...

then the last coverage was on 280312 by MIDF. dia soh HOLD. lps tu kaunter ni baru react sampai ada bullish counter attack signal. yg bestnya, bila ada 3 recommendation soh BUY with FV yg tinggi (2.34, 2.50, 2.70), price jatuh tp bila ada 1 recommendation soh HOLD with FV yg rendah (2.20), price naik. pelik kan? wa tatau arr lu kalo2 lu still tak rasa apa2...muahahaha

ok now, kita tgk kebetulan dia lak. FV yg 2.20 tu ekceli Entry price esok kan? FV 2.34 tu kita nyer TP2 kan? wa ckp kebetulan ok? ke.be.tu.lan. muahahaha

so amacam beb? kepelikan turn out to be kebetulan dah ni. so, lu ada rasa mcm adrenalin lu membuak2 sebagaimana wa tgk aweks wa mengeliat2 manja waktu dia bgn tido ptg td? muahahaha )

 

[alib4b4]

Weirdo no more...

hehehe..amacam bro? teruja? terkesima? (ekceli ntah haper2 bhs 1mesia skrg ni)

baru semlm wa ckp 'kepelikan tetiba jd kebetulan' kan? so rini? hehehe...

ahhh..wa malas ngomel pjg2. lu tgk aar sendrik apa dah jd dgn kaunter weirdo rini...even wa still in position for this weirdo counter, wa dah leh plan port mana wa mao ajak aweks2 wa berfoya2 nanti...lu leh agak level mana wa mao offload kan?

muahahaha

ps: RHB upgrades FV to $2.46 (fm $2.34)...fm RHB Research pg ni (ntah2 derang flw wa nyer 'kepelikan' kot?)

 

[johnnydepp]

1) wijaya
E: 0.735
TP: 0.77
SL: 0.685

2) mbl
E: 0.855
TP: 0.93
SL: 0.825

3) ecm
E: 0.835
TP:0.885
SL:0.81

 

[alib4b4]

1) wijaya
E: 0.735
TP: 0.77
SL: 0.685

2) mbl
E: 0.855
TP: 0.93
SL: 0.825

3) ecm
E: 0.835
TP:0.885
SL:0.81

bro, ni mende lu cuba bgtau wa ni bro?

wa tak rheti blackberry2 ni bro..wa tau burberry je (tu pun sbb ada soang aweks wa suka pakai eu d'parfum dia bila dia nak menempel kat bahu wa)