METROK, SUCCESS

KLCI ended +0.7% at 1064.60 led by gains in plantation, construction and select blue chips. Good chance that follow-through buying interest in blue chips will help lift KLCI to test year high of 1071.82. Underlying sentiment remains bullish as investors focus on the slew of M&As and solid earnings reports. Oil palm plantation companies involved in government-led merger most active. Speculation of media group merger lifts New Straits Times Press & Utusan Melayu.

Technical Readings:

KLCI
For 29 NOV the KLCI closed at 1,064.6000.
Overall, the bias: Upwards.
The projected upper bound is: 1,081.91.
The projected lower bound is: 1,051.51.
The projected close: 1,066.71.

SPOTMONTH (NOV)
For 29 NOV the closing price was 1,063.0000.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1,081.70.
The projected lower bound is: 1,048.38.
The projected closing price is: 1,065.04.


METROK
Testing Resistance 1.08. Cut Loss 0.98. Target 1.14

For 29 NOV the closing price was 1.0700.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.14.
The projected lower bound is: 1.01.


SUCCESS
Strong support 0.985. Target 1.07. Best Buy 0.96/0.975. Cut Loss 0.92

For 29 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: 0.95.

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MULPHA, TDM

KLCI ended down 1% at 1057.23 from intraday high of 1065.33 in heavy volume of 1.04 billion shares with losers outnumbering gainers almost 4-to-1; bargain hunting on blue chips and strong quarterly results from MAS may help KLCI reverse some losses tomorrow, possibly retest psychological resistance at 1060. Weak Asian markets, following sharp declines in U.S. stocks overnight, weighed on the market. The pullback has been long overdue after almost three weeks of strong gains. Host of penny stocks, small caps posted double digit losses in percentage terms as retail players locked-in profits and stayed on sidelines.

Watch the Dow Jones for a rebound.

KLCI
Immediate Support 1,055. Strong Support at 1,040.



For 28 NOV KLCI closed at 1,057.2300.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1,074.27.
The projected lower bound is: 1,044.20.
The projected closing price is: 1,059.23.


MULPHA
Still Strong Uptrend. Best Buy at 1.38/1.39. CUT LOSS 1.34



For 28 NOV the closing price was 1.4200.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.49.
The projected lower bound is: 1.36.


TDM
Testing resistance 1.00/1.04. Possible Target 1.12/1.17. Hit & Run. CUT LOSS 0.95.



For 28 NOV the closing price was 0.9950.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.05.
The projected lower bound is: 0.95.

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$%#&Millionaire(@&%^$Kaya@$

KLCI ends +0.7% at 1068.29 in heavy volume of 1.4 billion shares led by blue chips, plantation and construction stocks; market likely to extend gains tomorrow to retest year high of 1071.82 Fueled by hopes of more M&A among banks, media groups and possibly some government-led companies. Among gainers, plantation stocks extended rally on surging CPO prices. Plantation companies involved in government driven mega merger resume trade Wednesday; likely to give market another leg-up. Media group NSTP ended +10.7% at MYR2.49 on Singapore BT report company plans to form Malaysia's largest media group via merger with Utusan Melayu +14.7% at MYR1.25.

Technical Readings:
KLCI
For 27 NOV KLCI closed at 1,068.2900. Overall, the bias is Upwards. The projected upper bound is 1,084.53. The projected lower bound is 1,056.62.

SPOTMONTH (NOV)
For 27 NOV SPOTMNTH closed at 1,068.5000. Overall, the bias is Upwards. The projected upper bound is 1,085.49. The projected lower bound is 1,056.19.

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KLCI, SPOTMNTH, ONASTEL, APLAND, TIMECOM, L&G

KLCI ends +1.2% at intraday high of 1060.43 in heavy volume of 1.33 billion shares to levels last seen in July '97. The index expected to extend rise next week to around 1070-1080 on sustained buying interest in blue chips from foreign funds. Better-than-expected 3Q GDP growth of 5.8% (vs. 5.5% expected) for fresh buying interest. Strong economic growth, benign inflation, expectations that the overnight policy rate will be held at 3.5% and a healthy set of quarterly earnings have attracted fresh buying interest.

KLCI
High Posibility to test 1,070-1,080 resistance zone.

For 24 NOV KLCI closed at 1,060.4301.
Overall, the bias is: Upwards.
Short term: Moving.
Intermediate term: Trending.
The projected upper bound is: 1,076.33.
The projected lower bound is: 1,048.80.


SPOTMONTH (NOV)
Testing resistance 1,060. Immediate target 1,075. Middle term target 1,105-1,115.


For 24 NOV the closing price was 1,058.5000.
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
The projected upper bound is: 1,075.09.
The projected lower bound is: 1,046.41.


ONASTEL
Possible testing immediate target 1.15. Support 1.02

For 24 NOV the closing price was 1.0700.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.13.
The projected lower bound is: 1.02.
CUT LOSS: 1.00


APLAND
Testing resistance 0.41. Upon breakout, next target 0.44.

For 24 NOV the closing price was 0.4100.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.44.
The projected lower bound is: 0.38.
CUT LOSS: 0.41


TIMECOM
Breakout Resistance 0.78. Next target 0.825/0.86

For 24 NOV the closing price was 0.8000.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.86.
The projected lower bound is: 0.74.


L&G
Breakout Resistance 0.245. Next Target 0.285


For 24 NOV the closing price was 0.2550.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.28.
The projected lower bound is: 0.23.


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TOMYAM TIP TOP


____________________________________

FAQ 3

There was an interesting question e-mailed to me yesterday.
Dr. Karena wrote:

"It seems that Ur Cap Ayam indicators largely based on Fibonacci Tools? Can Fibonacci Trading become Safer & Profitable?"

For me, since I'm a swing/short term trader - Timing is the most crucial element in trading. It is important to know what and when to buy. All the Fibonacci signals is the result from geometrical interpretation of market price patterns. All the Fibonacci mechanism are based on understanding of investors' behavior expressed in TOP and BOTTOM formations.

The most beautiful things about Fibonacci is that, in certain instances, Fibonacci can forecast trend changes in PRICE and TIME. However forecasting in this way, does not mean we can say in advance whether a turning point is going to be triggered, but if a precalculated price target is reached, we can safely act accordingly.

Working with Fibonacci actually is very easy than it seems to be, it only takes nothing more than swing highs and lows and the GOLDEN RATIO. The greatest difficulty is choosing correct swing highs or lows.

Using the Fibonacci tools will not ensure that we never suffer losing trades, but we can expect the majority of trades to be profitable.

Cheers,
TS

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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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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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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KLCI, SPOTMNTH, BURSA, EKSONS, SCOMAL, SPOLYMR, CEPAT, MEASAT

The bulls continued to charge forward, spurred by encouraging economic-stimulating news on the home front and positive leads from abroad, such as the strong performance of regional exchanges, Wall Street's sustainable rally and plummeting global crude oil prices. Profit-taking activity appears well absorbed and any pullback is brief and shallow. The prevailing underlying tone of the local bourse is extremely upbeat. Given the positive developments in the US, Bursa Malaysia may just extend the upward thrust in the immediate term, with sporadic profit taking along the way. After all, technical indicators are still painting a promising picture. We had seen some sideways trading on Friday but volume remained strong -- there had been a mixture of both local and foreign funds buying. However early next week, trading is likely to turn relatively quiet after the three-day-long UMNO (ruling United Malays National Organization) general assembly ended.


KLCI
As long as CI able to maintain above 1,025 support, the 1,070-1,080 target within reach. Important date is 22 Nov. (See the Chart)

For 17 NOV the Index closed at 1,040.7900.
Overall, the bias is: Upwards.
Short term: Moving.
Intermediate term: Trending.
The projected upper bound is: 1,055.09.
The projected lower bound is: 1,029.57.


SPOTMONTH
Maintan Target 1,040 Tip Top

For 17 NOV the closing price was 1,035.0000.
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
The projected upper bound is: 1,049.38.
The projected lower bound is: 1,024.12.


BURSA
Testing Resistance 6.95-7.00. Next target 7.10 - 7.50

For 17 NOV the closing price was 6.9000.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 7.23.
The projected lower bound is: 6.61.

EKSON
Testing Resistance 1.26. Next Target 1.36

For 17 NOV the closing price was 1.2400.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.31.
The projected lower bound is: 1.18.


SCOMAL
Best Bet 0.13. Trading Play.

For 17 NOV the closing price was 0.1400.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.16.
The projected lower bound is: 0.12.


SPOLYMR
Better Bet at 0.89. Target 0.95

For 17 NOV the closing price was 0.9050.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.95.
The projected lower bound is: 0.86.

CEPAT
Testing Resistance 0.85-0.86. Next Target 0.90.

For 17 NOV the closing price was 0.8550.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.89.
The projected lower bound is: 0.82.


MEASAT
Someone e-mailed asking target for this counter. Heading toward resistance 2.50-2.55/3.00-3.15. Support 2.20. Tip Top Condition.

For 17 NOV the closing price was 2.3300.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 2.46.
The projected lower bound is: 2.22.

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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.

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Shopping list 16 Nov

---------------------------------------------------------

DIALOG, MASTEEL Boink Boink

KLCI down 0.4% at 1026.16 on profit-taking, support at 1025 (chap ayam indicator). Decline attributed to fall in Maybank, down 1.7% at MYR11.30 on poor 1Q net profit, 0.5% fall in MISC to MYR9.15 and Gamuda's 0.8% fall to MYR4.74. Maybank's poor results aside, investors are also locking in profits from a broad range of construction, property and blue chips after the recent rally. The market is overbought. Investors will continue to sell until this is corrected.

Heh heh.. Alamak! The Chap Ayam Target for KLCI is in line with DEUSTCHE BANK lar!!.. or is it the other way around.. heh heh.
"Deutsche Bank overweight on Malaysia equities. In 2007 strategy report says bottom-up KLCI index target is 1,075, suggesting 9%-13% upside on total returns basis. 2006 EPS growth momentum has picked up to 12.2% (ex-MAS) from 9.6% in January. Market's dividend yield of 3.6% superior vs. regional average of 2.9%. Picks five 'high conviction' stocks to own into 2007 which are either industry leaders and/or are being restructured for the better; Tenaga, target MYR12.20; Bumiputra-Commerce, target MYR7.90; IOI Corp., target MYR18.70; Transmile, target MYR14.70; and KLCC Property target MYR2.90; . Key risks to market call - poor implementation of the 9MP and a sharp downturn in the economy."

DIALOG
Best Buy at 0.60/0.59.

For 15 Nov the closing price was 0.6150.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.65.
The projected lower bound is: 0.59.


MASTEEL
Best Buy at 0.86/0.85

For 15 Nov the closing price was 0.8800.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.91.
The projected lower bound is: 0.85.


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