" A person is a success if they get up in the morning and gets to bed at night and in between does what he wants to do." ~ Bob Dylan
On Friday, KLCI up 0.7% at 989.26 on relatively high volume. Testing the 990 resistance (6.5-year high). Note market's rise has gained momentum, which surprising given many fund managers away on extended holiday after 5-day weekend.
The volume's pretty good which could mean the rise is sustainable. My immediate target for KLCI still 1,002-1,005 (refer to my previous posting)
KLCI - Real Bull or just Bullshit
Technically heading toward 1,002 - 1,005 point target (based on Chap Ayam Projection)
For 27/10/2006, KLCI closed at 989.90.
Overall, the bias in Index is: Upwards.
Short term: Index are moving.
Intermediate term: Prices are ranging.
The projected upper bound is: 1,001.15.
The projected lower bound is: 980.40.
SPOTMONTH
Testing resistance 987-990. Next target 1,040 - 1,050
For 27/10/2006 the closing price was 986.50.
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are ranging.
The projected upper bound is: 999.75.
The projected lower bound is: 975.05.
TALAM
Strong Uptrend
To test resistance 0.225 - 0.235. Immediate support at 0.16
For 27/10/2006 the closing price was 0.205.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.24.
The projected lower bound is: 0.17.
FRONTKN
Strong Uptrend
Testing resistance 0.60. Best buy on the pullback toward 0.55. Cut loss point 0.515
For 27/10/2006 the closing price was 0.5950.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.65.
The projected lower bound is: 0.55.
LEADER
Strong Uptrend. To test resistance 0.535 - 0.560. Cut Loss point 0.50
For 27/10/2006 the closing price was 0.5150.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.55.
The projected lower bound is: 0.48.
JAVA
Testing resistance 1.01-1.03. Next Target 1.15. Cut Loss point 0.94.
For 27/10/2006 the closing price was 1.0200.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.11.
The projected lower bound is: 0.94.
AISB
To test resistance 0.67-0.74. Best buy at 0.62. Cut Loss 0.60
For 27/10/2006 the closing price was 0.6450.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.69.
The projected lower bound is: 0.60.
AMMB
Break resistance 2.70. Next target 2.95. Support 2.55
For 27/10/2006 the closing price was 2.7400.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 2.85.
The projected lower bound is: 2.65.
MBFHLDG
To test resistance 0.435. Next target 0.50. Cut Loss 0.40
For 27/10/2006 the closing price was 0.4300.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.49.
The projected lower bound is: 0.38.
THE CHAP AYAM SHOPPING LIST
HAPPY BULLYDAY DEY DEYYYY POORAH
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