Wednesday, October 04, 2006

UTAMA, COSWAY & ASTRO-CA

"If only God would give me some clear sign! Like making a large deposit in my name at a Swiss bank." ~ Woody Allen

Share prices closed lower today 4 Oct 2006, as investors remained on the sidelines, finding no fresh leads to counter uncertainty about the market's new prospects after yesterday's profit-taking.

Investors ignored Wall Street's record-breaking performance overnight, as sentiment remained weak after recent data showed loan growth in the banking sector slowed in August.

The Kuala Lumpur Composite Index (KLCI) dropped 3.50 points or 0.36 pct to close at 964.06.

But still, for today the CHAP AYAM INDICATOR filtered UTAMA, COSWAY & ASTRO-CA:


UTAMA (6831)
Test 1.23 Resistance – Next Target 1.27

For 4/10/2006 the closing price was 1.19
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.31.
The projected lower bound is: 1.08.
CUT LOSS: 1.14

Business Activity:
INVESTMENT HLDG PROV OF MGMT SRVCS BANKING AND REALTED FINANCIAL SRVCS

Recent News:
UTAMA BANKING REJECTS EPF OFFER FOR ITS RHB STAKE STAKE - 15 Sept 2006
UTAMA BANKING ON TAKEOVER OFFER FROM EPF FOR RHB BANK - 06 Jul 2006



COSWAY (4812)
Test 1.19 Resistance – Next Target 1.23


For 4/10/2006 the closing price was 1.1400.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.24.
The projected lower bound is: 1.05.
CUT LOSS: 1.04

Business Activity
MKTG & SELLING OF MULTI-BRANDED CONSUMER DURABLES ON CASH CREDIT EQUAL PAYMENT AND HP TERMS MFR SRVC & TRADING IN COMMERCIAL & RESIDENTIAL AIRCPN REFRIGERATION & RELATED EQPT



ASTRO-CA(5076-CA)
Trading Play – Best Bet at 0.20

As for 4/10/2006 the closing price was 0.2100.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.25.
The projected lower bound is: 0.17.
Cut Loss: 0.19

TOMYAM RAW ANALYSIS FOR 4 OCT 2006


Happy Fishing!

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