MWE, SAPTECH, NPC

KLCI ended +0.3% at 1046.51 and follow through buying interest in finance stocks, blue chips and possible bottom-fishing in construction stocks is likely to drive the KLCI higher tomorrow to test 1050 resistance. Profit-taking was well absorbed today. Volume traded remains high, indicating that investors were willing to buy on weakness. Banking stocks remained buoyant on M&A hopes. Speculative issues dominated trade but ended mixed.

FOR CASH KLCI the closing price was 1,046.5100. Overall, the bias is Upwards. Short term prices are moving. Intermediate term trending. The projected upper bound is 1,050.48. The projected lower bound is: 1,035.00

FOT SPOTMONTH (NOV). Overall the bias is Upwards. Short term is moving. Intermediate term is trending. The projected upper bound is: 1,052.48. The projected lower bound is: 1,035.00.

MWE
Testing Resistance 0.70. Next Target 0.73

For 23 NOV the closing price was 0.7000.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.73.
The projected lower bound is: 0.67.
CUT LOSS: 0.66


SAPTECH
Testing Resistance 0.85. Best Buy 0.815/0.795

For 23 NOV the closing price was 0.8450.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.89.
The projected lower bound is: 0.81.
CUT LOSS: 0.78


NPC
To test resistance 1.56. Next Target upon breakout is 1.59

For 23 NOV the closing price was 1.5500.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.65.
The projected lower bound is: 1.45.

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