Monday, November 20, 2006

KBB & APB

( Image: Courtesy of SUPERCAT )
KLCI ends down 0.7% at 1033.52, off intraday low of 1029.41, in heavy volume on profit-taking; main support 1,025. The market was overbought after its recent rally and the profit-taking is seen as healthy; also market down in tandem with weak performance in regional bourses. Timber stocks bucked the softer bias on bullish price outlook while plantation stocks attracted attention after CPO futures hit upper limit on Bursa Malaysia Derivative exchange.


KBB
Testing Resistance 1.00. If breakout, next target is 1.09. Support 0.94/0.93

For 20 NOV the closing price was 0.9700.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.04.
The projected lower bound is: 0.91.


APB
Best Buy 1.21. Target 1.35

For 20 NOV the closing price was 1.2700.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.36.
The projected lower bound is: 1.19.


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