KLCI TOP 40 VOLUME COUNTERS

(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.

Highs Continue To Be Lower

(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

(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

(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

(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

(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

(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

(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

(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

(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