Monday, January 08, 2007


KLCI ends down 0.7% at 1113.17 in active trade, off intraday low of 1110.38, as mild bargain hunting in select heavyweights by local funds helped absorb some selling pressure; local bourse expected to see a little rebound tomorrow on bargain hunting. Sentiment was hurt by the weakness in regional bourses following the declines in U.S. stocks Friday but the market's uptrend is still intact.

Strong Uptrend. Immediate Target 0.57. Best Buy below 0.51. Cut Loss 0.45.

For 8/1/2007 the closing price was 0.5000.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.57.
The projected lower bound is: 0.44.


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