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.

TOMYAM SHOPPING LIST

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.

STILL GOT THE TOMYAM SHOPPING LIST

$%#&Millionaire(@&%^$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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(Click on the image to enlarge)

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.


A LOT MORE IN TOMYAM SHOPPING LIST

Click the link below (again becoz of a damned long list)
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.


THE TOMYAM SHOPPING LIST

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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Tomyam Tip Top

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

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.


THE TOMYAM SHOPPING LIST FOR TOMOLOW

KLCI, SPOTMNTH, PWE, AWC, NICORP, CRESBLD, RHB -- YeeeeeHaaa!

KLCI +10.28pts 1030.09 (highest in 9yrs) in heavy trade after yesterday's mild correction. Bullish underlying sentiment with heavy interest in retail-favored stocks. Government-linked construction stocks up sharply on buying interest from both foreign and local funds.

He he.. Seems like `Abang Besar' lepas lor..
Low, the former executive chairman of Repco Holdings, was charged in 1999 under section 84(1) of the Securities Industry Act 1983 for the manipulation of Repco Holdings shares. However, Low was acquitted by the Sessions Court on Nov 14, without his defence being called. The judge, Akhtar Tahir, said on Nov 14 the prosecution failed to prove that Low had instructed a dealer's representative to purchase Repco shares at any offer price. (Full Report)


KLCI - 1,070-1,080?
aiiyah! really in dilemma. The 1,025 resistance broken. The chap ayam indicator suggested that the CI could reach 1,070-1,080? Is it too much arrgh given the overbought condition, cukup lar immediate target 1,035 - 1,040, dunno lar? Better ask 2nd opinion from Zen Trader, Swift, Bomoh Saham.

For 14 Nov 2006 the Index closed at 1,030.0900.
Overall, the bias is: Upwards.
The projected upper bound is: 1,044.28.
The projected lower bound is: 1,018.78.


SPOTMONTH
Maintain target 1,040.




For 14 Nov the closing price was 1,027.0000.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1,042.47.
The projected lower bound is: 1,014.29.



PWE
Testing resistance 0.465/0.48. Next target 0.53

For 14 NOV the closing price was 0.4450.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.50.
The projected lower bound is: 0.39.

AWC
Breakout resistance 0.285. Target 0.325

For 14 Nov the closing price was 0.2950.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.32.
The projected lower bound is: 0.27.


NICORP
Breakout Resistance 0.135. Target 0.165/0.205

For 14 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: 0.13.


CRESBLD
Someone e-mailed asking for the target. My technical view: Bullish. Breakout resistance 1.15. Next Target 1.34.

For 14 Nov the closing price was 1.1700.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.26.
The projected lower bound is: 1.09.


RHB
Also e-mail from someone asking for the target. My current technical view on this counter is Bullish. Breakout Resistance 1.50. Next target 2.00

For 14 Nov the closing price was 1.5600.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.71.
The projected lower bound is: 1.43.


And Fuiiyooo, the rest of the Longest TOMYAM Shopping List

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

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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.


And the Rest of TOMYAM SHOPPING LIST


See ya in Ulan Bator

KLCI, SPOTMONTH, PROTON, NAMFATT, FREIGHT

(Killing Zone)

KLCI ends +1.3% at 1019.93 in heavy volume of 1.02 billion shares, very likely to test 1025 resistance tomorrow in follow through trade. Both foreign and local institutions having been plowing funds into construction stocks ahead of the award of infrastructure projects outlined in the Ninth Malaysia Plan. Palm oil stocks extended gains on hopes growing demand for biodiesel will support higher crude palm oil prices. A number of laggard heavyweights and turnaround stories attracted heavy buying interest.


KLCI CASH
As mentioned earlier (previous post 1, previous post 2) my target for KLCI Cash is 1,025 although the 1021.20 resistance is the peak in 2000 led by rally in tech stocks. Then the market should experience consolidation/mild correction to neutralise the overbought condition.

(CLICK ON CHART TO ENLARGE)

For 9 NOV the Index closed at 1,019.93.
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
The projected upper bound is: 1,033.49.
The projected lower bound is: 1,009.15.


SPOTMONTH
For Spotmonth fans, my target for NOV is 1,040.

(CLICK ON CHART TO ENLARGE)

For 9 NOV the Spotmnth closed at 1,014.00.
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
The projected upper bound is: 1,028.76.
The projected lower bound is: 1,001.76.


PROTON

Somebody e-mailed asking about PROTON. Here is my technical view the Chap Ayam Way: Proton is currently testing the 5.65 resistance. If broken, the next target would be 6.40 Tip Top Condition

For 9 NOV the closing price was 5.5000.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 5.90.
The projected lower bound is: 5.15.
CUT LOSS: 5.00


NAMFATT
Testing resistance 0.435/0.44. Next target 0.475 Tip Top Condition

For 9 NOV the closing price was 0.44.
Overall, the bias in prices is: Upwards.
By the way, prices are vulnerable to a correction towards 0.39.
The projected upper bound is: 0.48.
The projected lower bound is: 0.41.
CUT LOSS: 0.40


FREIGHT
Break resistance 0.845/0.86. Target 0.96 Tip Top Condition

For 9 NOV the closing price was 0.88.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.93.
The projected lower bound is: 0.84.
CUT LOSS: 0.80

AND THE REST OF CHAP AYAM SHOPING LIST

INFOTEC, ANTAH Entah ler

KLCI ends +0.4% at 1007.29 in heavy volume of 984 million shares but off intraday high of 1011.20 as regional declines weighed on sentiment.

Expects KLCI to consolidate Thursday within 1,005-1,015 (which would be the highest close since 2000) as profit-taking caps gains.

Among gainers, Proton +11.6% on speculation company plans to sell 51% stake in main unit Perusahaan Otomobil Nasional to Volkswagen. Construction stocks gained on hopes infrastructure projects under 9MP (development plan) will be awarded before year-end. Plantations swooned on profit-taking from its recent rally.

INFOTEC
Trading Play. Best Buy 0.13. Target 0.185

For 8 Nov the closing price was 0.1550.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.19.
The projected lower bound is: 0.13.


ANTAH
Trading Play. Best Buy 0.205. Target 0.255

For 8 Nov the closing price was 0.2200.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.27.
The projected lower bound is: 0.18.
Cut Loss: 0.20


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KLCI testing 1,005 pts

Yeeehaa!! as predicted earlier (refer to posting on Oct 29)the CI currently testing resistance 1,002-1,005. If this resistance level broken, the new target is 1,025.


THE KLCI
Testing resistance 1,002-1,005.


For 7/11/2006 the index close at 1,003.28.
Overall, the bias is: Upwards.
Short term: Moving.
Intermediate term: Trending.
The projected upper bound is: 1,015.51.
The projected lower bound is: 993.25.


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(Click on the image to enlarge)

KEURO KEORU KUORE KROEU

KLCI ends down 0.5% at 993.30 on profit-taking in heavyweights. market likely to extend declines, test 990 as market consolidates last week's gains. The heavyweights-led rally to a high of 1000.06 failed to sustain its momentum as investors took their cues from weaker U.S. stocks (Friday) and rise in crude oil prices. Also notes double limit-down by Sugar Bun to intraday low MYR1.45 hurt retail sentiment, causing selldown in broader market.


KEURO
Testing resistance 0.395. Target 0.42/0.49

For 6/11/2006 the closing price was 0.3850.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.43.
The projected lower bound is: 0.34.
CUT LOSS: 0.33


TOMYAM SHOPPING LIST

TOMYPAK, PA lai liao

Bad News from Wall Street:
Wall Street’s rally stumbled over the past week as investors were caught off-guard by data highlighting inflation concerns, and amid caution ahead of Tuesday’s congressional election.
Full Report

Local Front:
On the technical perspective, the local bourse is certainly bullish, as indicated by the daily/weekly MACD. However, the mounting overbought reading of the daily/weekly slow-stochastic momentum indices and the 14-day RSI suggest that our market is due for correction, and any pullback is likely to be shallow and healthy, giving investors the opportunity to accumulate more.
Full Report


TOMYPAK
Strong uptrend. Testing resistance 0.69/0.70.


For 3/11/2006 the closing price was 0.665.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.73.
The projected lower bound is: 0.61.
CUT LOSS: 0.60



PA
Testing resistance 0.84. Target 0.87.

For 3/11/2006 the closing price was 0.8300.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.88.
The projected lower bound is: 0.79.
CUT LOSS: 0.75

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TA Tip Top

KLCI rises further 0.6% at 995.30, after hitting new 6-year high of 996.00 and may attempt to test psychological resistance at 1,000. Gains led by plantation stocks on sharp rise in CPO futures. Also, finance stocks attracting buying interest from both local and foreign funds.

TA
Best Buy between 0.68-0.70. Target 0.74

For 2/11/2/2006 the closing price was 0.7100.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.74.
The projected lower bound is: 0.68.


The TOMYAM SHOPPING LIST (click on the image to enlarge)

PREMIUM, MUTIARA & ABRIC

Wooiii!! KLCI naik 1,000 lahhhh. Why so slowww? Up up, 1,000 lar.

UMNO Assembly, Pak Lah, Mahathir, Khairy, Tingkat 4, Oxbridge, Zakaria Rumah Banglo
CI 1,000;

SJER, CORRIDOR sana CORRIDOR sini,
CI 1,000 lah;

PENANG BRIDGE London Bridge is falling down, CI 1,000 lah;

BATIK, SONGKET, ISlam Hadhari, CI 1,000 lah;


DISNEY LAND Ticket affordable he he,
CI 1,000 lah;

Bullet Train, BIODIESEL, First Malaysian Cosmonaut CAN O NOT, CI 1,000 lah;

UEM Group, TIME Group TEBRAU KERBAU semua kasi up, CI 1,000 lahhh,

MAWI, INA, Era Fazira, Siti Nurhaliza, Maya Karin
CI 1,000 lah

Why so hard?? Just 10 points more la wooi!!
Dah 2 tahun tunggu la, Dah 2 jugak tahun tarak gunting rambut, tak sampai2 1,000;
Ini kali kasi up up betul-betul 1,000.



PREMIUM
Testing Resistance 0.225. Best buy at 0.21. Target 0.25

For 1/11/2006 the closing price was 0.2250.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.25.
The projected lower bound is: 0.20.



MUTIARA
To test resistance 0.45. Best Buy at 0.44. Target 0.505.


For 1/11/2006 the closing price was 0.4500.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.49.
The projected lower bound is: 0.42.


ABRIC
Testing Resistance 0.385.

For 1/11/2006 the closing price was 0.3650.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.39.
The projected lower bound is: 0.34.


.... and the rest of TOMYAM SHOPPING LIST