Tuesday, November 21, 2006

ACOSTEC, YGL, DOLMITE


KLCI ended +0.3% at 1036.16 and expected to extend gains tomorrow, possibly rise to retest 1041 resistance in follow through buying interest in blue chips and M&A driven interest in banking stocks. The market's rise today was supported by a rally in plantation stocks after palm oil (February) futures peaked at MYR1,949 per ton. Yesterday's pullback also allowed investors to accumulate blue chips, leading to broad market gains.

For CASH KLCI, the Overall bias is Upwards. Short term are moving. The projected upper bound is: 1,050.48. The projected lower bound is 1,025.06.

And for SPOTMONTH(NOV) FUTURE. Overall bias ia Upwards. Short term are moving. The projected upper bound is 1,052.72. The projected lower bound is 1,024.90.


ACOSTEC
Breakout Resistance 0.99. Potential testing next target 1.07/1.08.

For 21 NOV the closing price was 0.9950.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.04.
The projected lower bound is: 0.96.


YGL
Trend continuation. Target 1.13/1.15. Support 0.99/0.98

For 21 NOV the closing price was 1.0700.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.15.
The projected lower bound is: 1.01.


DOLMITE
Best Buy 0.25

For 21 NOV the closing price was 0.2700.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.30.
The projected lower bound is: 0.24.


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3 comments:

PhilipChew said...

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Anonymous said...

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Tauke Saham said...

Hey Dude,
Thanx for visiting my blog. Yeah, no bro, I ain't no stock god, just a weirdo testing technical indicators/formula LOL. Hopefully, i get the right one ha ha.

Cheers..