" Profit make traders feel powerful and give them an emotional high. They try to get high again, put on reckless trades, and give back their profits. Most traders cannot stand the pain of string losses. They dies as traders after hitting rock bottom and wash out of the markets. The few survivors realize that the main trouble is not with their methods, the trouble is with their thinking. They can change and become a successful traders." ~ DR. ALEXANDER ELDER
On Friday, KLCI ends at 979.19 in thin volume ahead of long festive break after trading in tight 977-981 range. The benchmark is expected to trade within 977-984 next week. Gains in plantation, construction and handful of government-linked companies (GLC) helped offset profit-taking.
On Friday, My CHAP AYAM INDICATOR filtered the following:
EDEN (7471)
Best bet 0.56-0.58. Resistance 0.625/0.655
For 20/10/2006 the closing price was 0.615.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.70.
The projected lower bound is: 0.54.
CUT LOSS: 0.55
HIAPTEK (5072)
Best bet at 1.04/1.00. Target 1.12
For 20/10/2006 the closing price was 1.08.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.15.
The projected lower bound is: 1.02.
CUT LOSS: 1.00
SUNRISE (6165)
Best bet at 1.54/1.56. Target 1.72
For 20/10/2006 the closing price was 1.59.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.65.
The projected lower bound is: 1.53.
CUT LOSS: 1.50
YECHIU (7463)
Target 1.27/1.33
For 20/10/2006 the closing price was 1.23.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.32.
The projected lower bound is: 1.15.
CUT LOSS: 1.14
And THE CHAP AYAM MONITORING LIST
SELAMAT HARI RAYA
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