Thursday, November 16, 2006

INSAS, SUNRISE, KRETAM-WA & The longest Shopping list ever


KLCI ends +0.9% at 1037.60. Market may extend gains tomorrow, test 1041.30 (March 97 peak) but pre-weekend profit-taking may narrow gains. The rally is still very much intact. A slew of healthy corporate results helped to sustain buying interest. Construction stocks rebounded from yesterday's profit-taking, lagging property stocks gained on foreign buying interes. Government-linked stocks gained as institutions accumulated stocks on weakness; banking sector boosted by central bank move to allow negotiations with multiple parties on equity sale/purchase, suggesting M&A process may be quickened.


INSAS
Testing resistance 0.405. Best Buy 0.39/0.385.

For 16 Nov the closing price was 0.4000.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.44.
The projected lower bound is: 0.36.


SUNRISE
Best Buy 1.88/1.77. Next Target 1.95/2.00

For 16 Nov the closing price was 1.8600.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.95.
The projected lower bound is: 1.79.


KRETAM-WA
Breakout Resistance 0.165. Next Target 0.205

For 16 Nov the closing price was 0.1800.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.21.
The projected lower bound is: 0.15.
The projected closing price is: 0.18.


THE TOMYAM SHOPPING LIST

Becoz its too long.. I got to link it out. To view in Excel format click the link below.
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