Thursday, May 03, 2007

KLCI, PTARAS, KLCCP


Malaysian shares rose 1.6% to a new record closing high Thursday, buoyed by Wall Street's overnight close, strong buying in telecommunications stocks and pent-up demand for shares in a holiday shortened week. The weighted Composite Index of 100 blue chip stocks gained 20.54 points to close at 1342.79 points, beating its previous all-time high of 1334.44 points achieved on April 17. Interest was quite firm across almost all sectors as investors took their cue from firmer U.S stocks and gains in regional bourses.


KLCI
The Index is now heading to the unknown territory. The sure thing is the immediate support level - 1310.

Overall, the bias is: Upwards.
Short term: Moving.
The projected upper bound is: 1,393.56.
The projected lower bound is: 1,295.38.




PTARAS
Set to test resistance 1.80.

Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
The projected upper bound is: 1.63.
The projected lower bound is: 1.37.


KLCCP
Futher upside expected.

Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
The projected upper bound is: 4.20.
The projected lower bound is: 3.70.


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4 comments:

Anonymous said...

Are you coming with new TA indicators based on your photo. Hehe.....mayb double top with a long strap...

Tauke Saham said...

Great idea dude! better test it :)

Ali BAba said...

halo tauke saham, can u pls link my blog to your blog ? because ur blog is very interesting.

thank you

Tauke Saham said...

No prob dude... coming right up...