KLCI ends +1.2% at 1203.29, off its intraday high of 1205.86, firmly cracking through 1200 resistance as local funds continue to accumulate blue chips, plantation, banking stocks. KLCI is expected to test 1211 (61.8% retracement) tomorrow in the absence of negative external news. However, due to low volume please take necessary precaution.
As for myself, still no position yet. No buy signal.
KLCI
Seems to warm-up. Low volume. Poor retail participation. However, short term trend has changed to Uptrend. Expected to test 1211 resistance. Ok lar
For 12 March 2007 the indeks closed at 1,203.2900.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1,251.81.
The projected lower bound is: 1,159.72.
MULPHAL-WA
As requested by Doraemon. Very volatile. However, crossed my parabolic line already, so its a short term buy (not a very strong buy signal though). Observe the mother shares before taking any position.
For 12 March 2007 the closing price was 0.3000.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.40.
The projected lower bound is: 0.21.
Some important news for today:
- OSK Says Accumulate Lingui Based On Charts
- TSH +18.6% On Undemanding Valuations
- MIDF +9.9% On Persistent Privatization Talk
- MIMB Has Strong Buy On Puncak Based On Charts
- Proton Off 2.3%; May Rebound On Tie-Up Hopes
- 2nd Fin Min: To Name Proton Partner "Soon"-Bernama
- Melewar Up On Penang Monorail Report
- TimedotCom May Test 90 Sen On Unit Stake Sale Rprt
- MAS May Rise On MAS Academy Sale
- EON Cap May Test MYR7 On Renewed Takeover Talk
- SapuraCrest Up; MYR3B Job Rprt
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