Sunday, November 12, 2006

OPCOM, PLUS-CA, DBHD, IPOWER - One Way Ticket To Mongolia

Is she being bombed because she's "DA BOOM shell".

MORE PICS & Latest Updates – On the Murdered MONGOLIAN Altantuya Shaariibuu @ Aminah (Model Name - ANNA ANA ANG) - Continuing UPDATES ; BODY Blown UP with Grenades -
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The week saw Bursa Malaysia powering ahead on aggressive follow-through interest while the bulls continued to ride on market strength. Glaring advancers during the week were typical blue-chip issues and quality stocks in the plantation, banking, construction and timber sectors, leading the CI to a highest level since July 31, 1997. This group of stocks is usually associated with the big boys, implying that foreign funds and local institutional investors are already in the market, betting on more scaling on expectations of Malaysia's steady economic growth going forward. The daily volume which is consistently on the high side gives us the notion that investor confidence is mounting. Any pullback in the CI owing to profit-taking activity would be shallow and temporary. Thus this will give those who have missed the boat a chance to participate.

Technically, indicators are bullish and the current strong momentum may bring the benchmark index to higher ground in the near term. However, Bursa Malaysia has been running in an overbought condition for a moment without taking a noteworthy break. Therefore, it is about time the market undergoes some sort of consolidation to avoid overheating, with the key index expected to trade range-bound this week.

To the upside, the CI will be facing an initial resistance at 1,025 points, followed closely by 1,040. The immediate support is expected at 1,015.


OPCOM
Testing resistance 0.48. Next target 0.53. Strong Support 0.45. Tip Top Condition

For 10 Nov the closing price was 0.4800.
Overall, the bias in prices is: Downwards.
The projected upper bound is: 0.53.
The projected lower bound is: 0.43.


PLUS-CA
Breakout resistance 0.245. Next Target 0.28/0.325.

For 10 Nov the closing price was 0.2550.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.29.
The projected lower bound is: 0.22.
Cut Loss: 0.20


DBHD
Trading Play. Best Buy at 0.16/0.165. Target 0.19

For 10 Nov the closing price was 0.1700.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.19.
The projected lower bound is: 0.15.


IPOWER
My old friend e-mailed asking about this counter. My technical view currently is BEARISH. Support level 0.90 broken last Friday. Next support level is 0.80.

For 10 Nov the closing price was 0.8600.
Overall, the bias in prices is: Sideways.
The projected upper bound is: 0.96.
The projected lower bound is: 0.77.


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