Popui's financial investment blog -

KLCI TOP 40 VOLUME COUNTERS

Mon, 30 Jan 2012 21:01:19 +0800

(30 Jan 2012) I attached herewith KLCI Top 40 most active counters for reference.

KNM: We could wait for correction and accumulate near the support line; RM 1.04 (It closed at RM 1.13).

ZELAN: It is a break up.
Action: We could accumulate during correction near RM 0.365 (It closed at RM 0.435).

PUNCAK: It is a break up too just like ZELAN.
Action: Accumulate at a) RM 1.25 b) RM 1.08 or c) RM between RM 1.08 & RM 1.25.

KLCI Looks SideWay

Wed, 28 Dec 2011 09:51:05 +0800

28 Dec 2011. KLCI (Kuala Lumpur Composite Index) seems head for a consolidation and it is near the recent resistant too. With two more trading days towards year end, the market could correct.

Highs Continue To Be Lower

Wed, 25 May 2011 21:35:56 +0800

(25 May 2011) The highs of KLCI are getting lower (refer to chart) indicating that the market is getting weaker.
Unless the market can break the high, it will stay bearish. It could even drop further. Beware!

KLCI - The High Getting Lower

Sun, 24 Apr 2011 20:54:44 +0800

(24 April 2011) KLCI closed at 1522.75 on Friday 22 April 2011. Looking at the daily chart of KLCI, it is obvious that the high is getting lower i.e. from 1576.95 registered on 6 Jan 2011 to 1565.04 registered on 4 April 2011. This could mean the market is weakening unless it could break the high (1576.95).

Consolidation On Bearish Side

Sat, 5 Mar 2011 23:39:15 +0800

(5 March 2011) KLCI rebounded to 1522.61 with the high of 1529.41 touched the moving average high of 1528. The forming candle chart pattern of 'shotting star' would mean the current rebound be over.
My strategy:
I would sell on strength of all my stocks holding. The broken down of KLCI below moving averages of 60 days seemed convincing of the downside ahead.

KLCI Finally Broke Down

Sun, 27 Feb 2011 20:47:01 +0800

(27 Feb 2011) KLCI finally broke down recent low of 1505. This could mean the end of up trends since April 2009.

The following chart is CIMB which appeared to be similar to KLCI.

Two Reversal Pattern In A Roll - KLCI

Sun, 9 Jan 2011 08:58:57 +0800

(9 Jan 2011) There are two reversal candlestick pattern emerged in a roll meaning that the current uptrend might consolidate for now. It is important to buy on dip for now. However, if it could break the current high (1576.95 dated 6 Jan 2011), KLCI will continue the upside.
What can I say! It is a bull run.

KLCI - Wait And See

Sun, 26 Sep 2010 13:07:35 +0800

(26/09/2010) With the KLCI weekly closed at 1451.19 with the same high as previous week of 1479.59. The market is now in neutral mode now. Any price dropping below 1439.26 registered on previous week (13/09/2010) would mean a bearish market ahead.
It is a wait and see situation for now.

However, if the price could broke above the recent high of 1479.59, the market could continue the upside.

KLCI - 5th Week With White Candle

Sat, 18 Sep 2010 14:43:33 +0800

(18 Sept 2010) This is the 5th week that KLCI surged with a white candle close at 1466.97. The bullishness really caught me by surprise. I was every tempted to further buy more stocks.
History has shown us again and again, the next candle after 5 consecutive bullish bar would ended up a correction bar; a reversal pattern some what.

My strategy:
I will further buy on correction specially when KLCI corrects near it's moving average line. Let's see.

Parkson Break Up - A New Beginning

Sat, 11 Sep 2010 15:24:04 +0800

(11 Sept 2010) It looks like Parkson (5657) is heading to new high after witnessing a down trend line break out (refer to chart).
Parkson has been trading side way for a while. There were few failed break up. With the current surge, there is high chance that the price would continue on the upside.
I am gradually buying for now. Any weakness, I would further buy.
My stop loss level is at RM5.35 lower.

30 Component Stocks With High Dividend

Sat, 11 Sep 2010 12:13:07 +0800

(11 Sept 2010) There are few stocks under 30 component stocks list that generate high dividend. We can enter and exit based on technical analysis (monthly chart) and enjoy high dividend at the same times. Why not!

They are: (as at 10 Sept 2010)
BJTOTO - 14% Dividend , price closed at RM4.19

Maybank - 7% Dividend yield based on RM8.42

TM - 7% dividend yield based on RM3.39

YTLPower - 6% Dividend yield based on RM2.32

BAT - 5% Dividend yield based on RM47.72

PETDAG - 5% Dividend yield based on RM11.20

PETGAS - 5% Dividend yield based on RM10.74

TANJONG - 5% Dividend yield based on RM21.60

A Breakup Is A Breakup

Sat, 21 Aug 2010 15:47:24 +0800

(21 Aug 2010) KLCI broke recent high of 1370.52 and closed at 1395.03 with 38.47 points up week on week. A breakup is a breakup. It also formed a bullish engulfing pattern indicating the bullishness ahead. More counters will follow up.

KLCI - Hang Man Reversal Pattern

Sun, 15 Aug 2010 12:02:41 +0800

(15 August 2010) KLCI closed marginal lower at 1360 and formed a candle stick chart pattern called hang man reversal pattern. Any closing below the low of 1342 registered on 12 August 2010 would mean bearish market ahead. The confirmation is needed.
However, if it could violate the recent high of 1370.50 registered on 3 August 2010, it would mean a continuation of uptrend market.

BSTEAD - Buy On Correction

Sun, 8 Aug 2010 14:44:18 +0800

(8 Aug 2010) Boustead Holding Bhd (BSTEAD 2771) broke up the recent high of RM4.01 and closed at RM4.11.
Strategy: I will buy on correction to near 24 moving averages high or low and starts.

Note:
BSTEAD is in 100 component stocks list under industrials.
P/E Ratio (YTD): 42.15 based on RM4.11
EPS (Earning Per Share): RM 0.10 (2.43% based on RM4.11)

KLCI - Potential Reversal

Sat, 7 Aug 2010 14:21:08 +0800

(6 Aug 2010) Week on week, KLCI closed at 1360.45 making a candle stick pattern called Grave Stone; a potential reversal pattern. A confirmation is needed. Any weakness coming on week would mean a correction ahead of us.
Further more, the market has been up; 4 white candles in a row. There is high chance that the following week could point for a further weakness. Another black candle is expected week on week.
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