Fool Trader KLSE Research: June 2012

Thursday 28 June 2012

Technical stock picks table - 29 June 2012

Friday, 29 June 2012

Stock code / Price Action : Date Stop loss Target Comment

TRC (5054/0.735) Buy: 10/5/2012 Sell:15/5/2012 0.70 0.78,0.81 Consolidation breakout Stop out at 0.70
PERISAI (0047/0.90) Buy: 10/5/2012 Sell:16/5/2012 0.87 1.04,1.12 Consolidation breakout Stop out at 0.87
CIMB (1023/7.64) Buy: 10/5/2012 Sell:14/5/2012 7.54 8.16,8.28 Uptrend, oversold
Stop out at 7.54
MUHIBAH (5703/1.30) Buy: 10/5/2012 Sell:16/5/2012 1.22 1.45,1.50 Technical rebound, oversold Stop out at 1.22
MPHB (3859/2.95) Buy: 11/5/2012 Sell:16/5/2012 2.80 3.20,3.49 Bullish Pennant or Flag Stop out at 2.80
JAKS (4723/0.565) Buy: 11/5/2012 Sell:15/5/2012 0.54 0.66,0.73 Technical rebound, oversold Stop out at 0.54
AIRASIA (5099/3.65) Buy: 11/5/2012 Sell:15/5/2012 3.50 4.04 Bullish Pennant or Flag Stop out at 3.50
MUDAJYA (5085/2.75) Buy: 11/5/2012 Sell:14/5/2012 2.63 2.90,2.98 Technical rebound, oversold Stop out at 2.63
TM (4863/5.43) Buy: 14/5/2012 Sell:18/5/2012 5.33 5.80 Uptrend Stop out at 5.33
MEGB (5166/1.05) Buy: 14/5/2012 Sell:17/5/2012 1.00 1.18 Technical rebound, oversold Stop out at 1.00
LFECORP (7170/0.145) Buy: 14/5/2012 Sell:16/5/2012 0.125 0.21 Consolidation breakout Stop out at 0.125
DIALOG (7277/2.24) Buy: 14/5/2012 Sell:8/6/2012 2.16 2.52 Technical rebound, oversold Take profit at 2.39
CANONE (5105/2.10) Buy: 15/5/2012 Sell:20/6/2012 2.00 2.42 Uptrend Take profit at 2.34
DAYA (0091/0.21) Buy: 15/5/2012 0.18 0.28 Technical rebound, oversold BJCORP (3395/0.765) Buy below 0.75:15/5/2012 0.72 0.82 Due for a technical rebound
WINGTM (2976/1.70) Buy: 16/5/2012 Sell:22/5/2012 1.62 1.94,2.06 Uptrend Take profit at 2.00
GAMUDA (5398/3.56) Buy: 16/5/2012 Sell:16/5/2012 3.46 3.90 Technical rebound, oversold Stop out at 3.46
MITRA (9571/0.55) Buy: 17/5/2012 0.54 0.61 Double Bottom
KINSTEL (5060/0.43) Buy: 17/5/2012 0.40 0.50 Double Bottom
MBSB (1171/2.10) Buy below 2.00:17/5/2012 Sell: 4/6/2012 1.83 2.38 Small downside
Take profit at 2.22
GENM (4715/3.58) Buy: 18/5/2012 Sell:30/5/2012 3.50 3.93-3.97 Technical rebound, oversold Take profit at 3.83
MRCB (1651/1.58) Buy: 18/5/2012 Sell:20/6/2012 1.46 1.82-1.90 Technical rebound, oversold Take profit at 1.82
BIMB (5258/2.42) Buy: 18/5/2012 Sell:29/5/2012 2.27 2.58 Technical rebound, oversold Take profit at 2.60
MISC (3816/4.23) Buy: 21/5/2012 Sell: 4/6/2012 4.00 4.60 Correction ended at 3.92 Stop out at 4.00
MFLOUR (3662/1.45)Buy: 22/5/2012 1.32 5/6/2012:Stop loss raised to 1.45 1.70,1.82 Technical rebound, oversold
PERWAJA(5146/0.575) Buy: 22/5/2012 Sell:26/6/2012 0.52 0.69 Technical rebound, oversold Take profit at 0.68
PERDANA (7108/0.50) Buy: 22/5/2012 Sell:14/6/2012 0.47 0.58,0.64 Technical rebound, oversold Take profit at 0.59
CRESBLD (8591/1.08) Buy: 23/5/2012 Sell:25/5/2012 1.04 1.30 Uprun
Stop out at 1.04
BSTEAD (2771/4.98) Buy: 23/5/2012 Sell:19/6/2012 4.86 5.44,5.54 Technical rebound, oversold Take profit at 5.44
TA (4898/0.54) Buy: 24/5/2012 0.51 0.62,0.72 RSI positive divergence
UNISEM (5005/1.28)Buy: 24/5/2012 1.22 1.44,1.49 Technical rebound, oversold
YTLLAND (2577/0.975) Buy below 0.96:24/5/2012 0.93 1.12 Technical rebound, oversold
KNM (7164/0.76) Buy: 24/5/2012 Sell: 4/6/2012 0.72 0.84,0.88 Technical rebound, oversold Stop out at 0.72
CBIP (7076/2.54) Buy: 25/5/2012 Sell: 4/6/2012 2.44 2.80 Technical rebound, oversold Stop out at 2.44
KPSCB (9121/0.39) Buy: 25/5/2012 0.37 0.48 Technical rebound, oversold
BRAHIMS(9474/1.20) Buy: 25/5/2012 Sell:11/6/2012 1.14 1.40 Technical rebound, oversold Stop out at 1.13
DIGI (6947/3.95) Buy: 29/5/2012 Sell:20/6/2012 3.89 4.20 Technical rebound, oversold
Take profit at 4.20
PERMAJU (7080/0.84) Buy: 29/5/2012 Sell: 4/5/2012 0.80 1.02 Double bottom
Stop out at 0.80
LEESK (8079/0.145) Buy: 30/5/2012 0.125 0.19 Technical rebound, oversold
SBCCORP (5207/0.93) Buy: 30/5/2012 0.86 1.00 Technical rebound, oversold
E&O (3417/1.43) Buy: 30/5/2012 1.38 1.53 Technical rebound, oversold
MAS (3786/1.17) Buy: 31/5/2012 1.08 1.30,1.40 Technical rebound, oversold
PUNCAK (6807/1.33) Buy: 31/5/2012 1.26 1.57 Consolidation breakout
YINSON (7293/2.00) Buy: 1/6/2012 Sell:11/6/2012 1.90 2.20 Uptrend Take profit at 2.14
L&G (3174/0.34) Buy: 1/6/2012 Sell:19/6/2012 0.31 0.39,0.44 Trend breakout Take profit at 0.39
COASTAL (5071/1.76) Buy: 1/6/2012 Sell:11/6/2012 1.62 2.00 Technical rebound, oversold Take profit at 1.91
TM (4863/5.39) Buy: 1/6/2012 Sell:22/6/2012 5.30 5.70 Uptrend Take profit at 5.80
TAGB (5158/0.275) Buy: 4/6/2012 0.26 0.34 Double bottom
BURSA (1818/6.05) Buy: 4/6/2012 5.85 6.40,6.60 Technical rebound, oversold
BINTAI (6998/0.375) Buy: 4/6/2012 Sell:11/6/2012 0.34 0.46 Breakout
Take profit at 0.42
SMI (4375/0.21) Buy below 0.20:5/6/2012 0.185 0.25 Correction completed
KLCCP (5089/3.95) Buy: 5/6/2012 Sell:28/6/2012 3.84 4.22,4.34 Consolidation breakout Take profit at 4.34
MPHB (3859/3.24) Buy: 6/6/2012 Sell:18/6/2012 3.10 14/6/2012:Stop loss raised to 3.38 3.50,3.64 Uptrend Take profit at 3.38
TDM (2054/3.78) Buy: 6/6/2012 Sell:15/6/2012
3.69 4.20 Technical rebound, oversold Take profit at 4.55
LITRAK (6645/4.10) Buy: 6/6/2012 3.92 4.48 Uptrend
MAYBANK (1155/8.70) Buy: 7/6/2012 8.50 9.20 Oversold
UMW (4588/8.08) Buy: 7/6/2012 Sell:14/6/2012 7.90 14/6/2012:Stop loss raised to 8.22 8.40,8.60 Uptrend Take profit at 8.44
BJTOTO (1562/4.31) Buy: 7/6/2012 4.20 4.70 Oversold
UEMLAND (5148/1.96) Buy: 8/6/2012 1.90 2.15,2.19 Oversold
FITTERS (9318/0.72) Buy: 8/6/2012 0.69 0.85 Double bottom
AIRASIA (5099/3.65) Buy: 11/6/2012 3.52 3.82,3.94 Rebound
SKPRES (7155/0.535) Buy: 11/6/2012 0.50 0.63 Consolidation breakout
CENSOF (5195/0.37) Buy: 12/6/2012 Sell:18/6/2012 0.35 0.41 Oversold Take profit at 0.41
FAVCO (7229/1.43) Buy: 13/6/2012 Sell:25/6/2012 1.35 1.60 Oversold Take profit at 1.62
FAJAR (7047/1.08) Buy: 13/6/2012 Sell:14/6/2012 1.04 1.22 Technical rebound Stop out at 1.04
MUHIBAH (5703/1.21) Buy:14/6/2012 1.18 28/6/2012:Stop loss lowered to 0.94 1.34 Double bottom
ENG (8826/1.95) Buy:14/6/2012 1.91 2.20 Breakout
TRC (5054/0.67) Buy around 0.65 :15/6/2012 0.62 0.74 Double Bottom
SUPERMX (7106/1.96) Buy:18/6/2012 1.88 2.15 Positive technicals
OLDTOWN(5201/1.59) Buy:18/6/2012 Sell:19/6/2012 1.51 1.74 Positive technicals Take profit at 1.74
THPLANT (5112/2.29) Buy:19/6/2012 2.18 2.54 Oversold
MALTON (6181/0.57) Buy:19/6/2012 0.55 0.65 Technical rebound
AZRB (7078/0.775) Buy:21/6/2012 0.74 0.90,0.96 Technical rebound
PARAMON (1724/1.78) Buy:22/6/2012 1.70 1.90,2.00 Consolidation breakout
MAYBULK (5077/1.58) Buy below 1.55:22/6/2012 1.52 1.76,1.84 Oversold
GKENT (3204/1.04) Buy:25/6/2012 0.94 1.22 Double bottom
HWGB (9601/0.415) Buy:25/6/2012 Sell:26/6/2012 0.40 0.45,0.49 Consolidation breakout Take profit at 0.45
UMLAND (4561/2.25) Buy:26/6/2012 2.18 2.40,2.49 Uprun
PARKSON (5657/4.59) Buy below 4.50 :29/6/2012 4.36 4.90 Oversold

Source:Jupiter Securities Research 29 June 2012

PARKSON ( 5657 : 4.59 ) : Buy below 4.50

Description

Resistance : 4.90
Support : 4.46

RSI of 43
RSI is on a positive divergence

STOCHASTIC
It is riding on an upswing

Comment
While a small pullback, with support 4.46, is likely, it is heading higher to 4.90

Trading Strategy
Buy below 4.50. Stop loss is at 4.36

Source:Jupiter Securities Research 29 June 2012

Stock Overview - KLCCP - 29 June 2012

KLCCP ( 5089 : 4.34 ) : Take profit

Description

Resistance : 4.40
Support : 4.00

RSI of 73
RSI is overbought

STOCHASTIC
It is riding on an upswing

Comment
On the buy of 5/6/2012 at 3.95, we are recommending to take profit as it has hit the 4.34 target

Trading Strategy
Take profit

Source:Jupiter Securities Research 29 June 2012

Daily Summary - 29 June 2012

YOUR MORNING COFFEE – Friday 29/6/2012

SUMMARY

Wall St closed 0.2% lower on concern over healthcare costs following the Court decision to uphold Obama healthcare reform law. Weeklyinitial jobless claims dipped to 386,000.
Dow of 12,602 is on a pullback support of 12,365. RSI of 50, is neutral.
DOLLAR INDEX is higher at 82.7. Resistance is at 83.1.
Crude oil is lower at USD77.7. Support is at 75.6.
Dollar yen is lower at 79.3 yen. Upside is at 80.6.
Euro/dollar is lower at 1.244. Support is at 1.232.
Gold is lower at USD1552. Upside is at 1740.
Shanghai closed lower at 2,195.
Singapore STI closed higher at 2,847.
Ringgit is weaker at 3.196. Downside is at 3.210.
S’pore ringgit is lower at 2.495. Upside is at 2.520.
Malaysian market closed lower at 1594. On the Daily chart, it is targeting 1607. Pullback support is at 1586. RSI of 56, remains positive. Today’s range is between 1591 and 1601.
CPO Aug futures is lower at RM2980. Upside is at 3211.
Trading : PARKSON ( 5657 : 4.59 ) : Buy below 4.50, KLCCP ( 5089 : 4.34 ) : Take profit

Source:Jupiter Securities Research 29 June 2012

Wednesday 27 June 2012

Technical stock picks table - 28 June 2012

Thursday, 28 June 2012

Stock code / Price Action : Date Stop loss Target Comment

TRC (5054/0.735) Buy: 10/5/2012 Sell:15/5/2012 0.70 0.78,0.81 Consolidation breakout Stop out at 0.70
PERISAI (0047/0.90) Buy: 10/5/2012 Sell:16/5/2012 0.87 1.04,1.12 Consolidation breakout Stop out at 0.87
CIMB (1023/7.64) Buy: 10/5/2012 Sell:14/5/2012 7.54 8.16,8.28 Uptrend, oversold
Stop out at 7.54
MUHIBAH (5703/1.30) Buy: 10/5/2012 Sell:16/5/2012 1.22 1.45,1.50 Technical rebound, oversold Stop out at 1.22
MPHB (3859/2.95) Buy: 11/5/2012 Sell:16/5/2012 2.80 3.20,3.49 Bullish Pennant or Flag Stop out at 2.80
JAKS (4723/0.565) Buy: 11/5/2012 Sell:15/5/2012 0.54 0.66,0.73 Technical rebound, oversold Stop out at 0.54
AIRASIA (5099/3.65) Buy: 11/5/2012 Sell:15/5/2012 3.50 4.04 Bullish Pennant or Flag Stop out at 3.50
MUDAJYA (5085/2.75) Buy: 11/5/2012 Sell:14/5/2012 2.63 2.90,2.98 Technical rebound, oversold Stop out at 2.63
TM (4863/5.43) Buy: 14/5/2012 Sell:18/5/2012 5.33 5.80 Uptrend Stop out at 5.33
MEGB (5166/1.05) Buy: 14/5/2012 Sell:17/5/2012 1.00 1.18 Technical rebound, oversold Stop out at 1.00
LFECORP (7170/0.145) Buy: 14/5/2012 Sell:16/5/2012 0.125 0.21 Consolidation breakout Stop out at 0.125
DIALOG (7277/2.24) Buy: 14/5/2012 Sell:8/6/2012 2.16 2.52 Technical rebound, oversold Take profit at 2.39
CANONE (5105/2.10) Buy: 15/5/2012 Sell:20/6/2012 2.00 2.42 Uptrend Take profit at 2.34
DAYA (0091/0.21) Buy: 15/5/2012 0.18 0.28 Technical rebound, oversold
BJCORP (3395/0.765) Buy below 0.75:15/5/2012 0.72 0.82 Due for a technical rebound
WINGTM (2976/1.70) Buy: 16/5/2012 Sell:22/5/2012 1.62 1.94,2.06 Uptrend
Take profit at 2.00
GAMUDA (5398/3.56) Buy: 16/5/2012 Sell:16/5/2012 3.46 3.90 Technical rebound, oversold Stop out at 3.46
MITRA (9571/0.55) Buy: 17/5/2012 0.54 0.61 Double Bottom
KINSTEL (5060/0.43) Buy: 17/5/2012 0.40 0.50 Double Bottom
MBSB (1171/2.10) Buy below 2.00:17/5/2012 Sell: 4/6/2012 1.83 2.38 Small downside
Take profit at 2.22
GENM (4715/3.58) Buy: 18/5/2012 Sell:30/5/2012 3.50 3.93-3.97 Technical rebound, oversold Take profit at 3.83
MRCB (1651/1.58) Buy: 18/5/2012 Sell:20/6/2012 1.46 1.82-1.90 Technical rebound, oversold Take profit at 1.82
BIMB (5258/2.42) Buy: 18/5/2012 Sell:29/5/2012 2.27 2.58 Technical rebound, oversold Take profit at 2.60
MISC (3816/4.23) Buy: 21/5/2012 Sell: 4/6/2012 4.00 4.60 Correction ended at 3.92 Stop out at 4.00
MFLOUR (3662/1.45) Buy: 22/5/2012 1.32 5/6/2012: Stop loss raised to 1.45 1.70,1.82 Technical rebound, oversold
PERWAJA(5146/0.575) Buy: 22/5/2012 Sell:26/6/2012 0.52 0.69 Technical rebound, oversold Take profit at 0.68
PERDANA (7108/0.50) Buy: 22/5/2012 Sell:14/6/2012 0.47 0.58,0.64 Technical rebound, oversold Take profit at 0.59
CRESBLD (8591/1.08) Buy: 23/5/2012 Sell:25/5/2012 1.04 1.30 Uprun Stop out at 1.04
BSTEAD (2771/4.98) Buy: 23/5/2012 Sell:19/6/2012 4.86 5.44,5.54 Technical rebound, oversold Take profit at 5.44
TA (4898/0.54) Buy: 24/5/2012 0.51 0.62,0.72 RSI positive divergence
UNISEM (5005/1.28) Buy: 24/5/2012 1.22 1.44,1.49 Technical rebound, oversold
YTLLAND (2577/0.975) Buy below 0.96:24/5/2012 0.93 1.12 Technical rebound, oversold
KNM (7164/0.76) Buy: 24/5/2012 Sell: 4/6/2012 0.72 0.84,0.88 Technical rebound, oversold Stop out at 0.72
CBIP (7076/2.54) Buy: 25/5/2012 Sell: 4/6/2012 2.44 2.80 Technical rebound, oversold Stop out at 2.44
KPSCB (9121/0.39)
Buy: 25/5/2012 0.37 0.48 Technical rebound, oversold
BRAHIMS(9474/1.20) Buy: 25/5/2012 Sell:11/6/2012 1.14 1.40 Technical rebound, oversold Stop out at 1.13
DIGI (6947/3.95) Buy: 29/5/2012 Sell:20/6/2012 3.89 4.20 Technical rebound, oversold Take profit at 4.20
PERMAJU (7080/0.84) Buy: 29/5/2012 Sell: 4/5/2012 0.80 1.02 Double bottom Stop out at 0.80
LEESK (8079/0.145) Buy: 30/5/2012 0.125 0.19 Technical rebound, oversold
SBCCORP (5207/0.93) Buy: 30/5/2012 0.86 1.00 Technical rebound, oversold
E&O (3417/1.43) Buy: 30/5/2012 1.38 1.53 Technical rebound, oversold
MAS (3786/1.17) Buy: 31/5/2012 1.08 1.30,1.40 Technical rebound, oversold
PUNCAK (6807/1.33) Buy: 31/5/2012 1.26 1.57 Consolidation breakout
YINSON (7293/2.00) Buy: 1/6/2012 Sell:11/6/2012 1.90 2.20 Uptrend Take profit at 2.14
L&G (3174/0.34) Buy: 1/6/2012 Sell:19/6/2012 0.31 0.39,0.44 Trend breakout Take profit at 0.39
COASTAL (5071/1.76) Buy: 1/6/2012 Sell:11/6/2012 1.62 2.00 Technical rebound, oversold Take profit at 1.91
TM (4863/5.39) Buy: 1/6/2012 Sell:22/6/2012 5.30 5.70 Uptrend Take profit at 5.80
TAGB (5158/0.275) Buy: 4/6/2012 0.26 0.34 Double bottom
BURSA (1818/6.05) Buy: 4/6/2012 5.85 6.40,6.60 Technical rebound, oversold
BINTAI (6998/0.375) Buy: 4/6/2012 Sell:11/6/2012 0.34 0.46 Breakout Take profit at 0.42
SMI (4375/0.21) Buy below 0.20:5/6/2012 0.185 0.25 Correction completed
KLCCP (5089/3.95) Buy: 5/6/2012 3.84 4.22,4.34 Consolidation breakout
MPHB (3859/3.24) Buy: 6/6/2012 Sell:18/6/2012 3.10
14/6/2012:Stop loss raised to 3.38 3.50,3.64 Uptrend Take profit at 3.38
TDM (2054/3.78) Buy: 6/6/2012 Sell:15/6/2012 3.69 4.20 Technical rebound, oversold
Take profit at 4.55 LITRAK (6645/4.10) Buy: 6/6/2012 3.92 4.48 Uptrend
MAYBANK (1155/8.70) Buy: 7/6/2012 8.50 9.20 Oversold
UMW (4588/8.08) Buy: 7/6/2012 Sell:14/6/2012 7.90 14/6/2012:Stop loss raised to 8.22 8.40,8.60 Uptrend Take profit at 8.44
BJTOTO (1562/4.31) Buy: 7/6/2012 4.20 4.70 Oversold
UEMLAND (5148/1.96) Buy: 8/6/2012 1.90 2.15,2.19 Oversold
FITTERS (9318/0.72) Buy: 8/6/2012 0.69 0.85 Double bottom
AIRASIA (5099/3.65) Buy: 11/6/2012 3.52 3.82,3.94 Rebound
SKPRES (7155/0.535) Buy: 11/6/2012 0.50 0.63 Consolidation breakout
CENSOF (5195/0.37) Buy: 12/6/2012 Sell:18/6/2012 0.35 0.41 Oversold Take profit at 0.41
FAVCO (7229/1.43) Buy: 13/6/2012 Sell:25/6/2012 1.35 1.60 Oversold Take profit at 1.62
FAJAR (7047/1.08) Buy: 13/6/2012 Sell:14/6/2012 1.04 1.22 Technical rebound Stop out at 1.04
MUHIBAH (5703/1.21) Buy:14/6/2012 1.18 28/6/2012:Stop loss lowered to 0.94 1.34 Double bottom
ENG (8826/1.95) Buy:14/6/2012 1.91 2.20 Breakout
TRC (5054/0.67) Buy around 0.65:15/6/2012 0.62 0.74 Double Bottom
SUPERMX (7106/1.96) Buy:18/6/2012 1.88 2.15 Positive technicals
OLDTOWN(5201/1.59) Buy:18/6/2012 Sell:19/6/2012 1.51 1.74 Positive technicals Take profit at 1.74
THPLANT (5112/2.29) Buy:19/6/2012 2.18 2.54 Oversold
MALTON (6181/0.57) Buy:19/6/2012 0.55 0.65 Technical rebound
AZRB (7078/0.775) Buy:21/6/2012 0.74 0.90,0.96 Technical rebound
PARAMON (1724/1.78) Buy:22/6/2012 1.70 1.90,2.00 Consolidation breakout
MAYBULK (5077/1.58) Buy below 1.55:22/6/2012 1.52 1.76,1.84 Oversold
GKENT (3204/1.04) Buy:25/6/2012 0.94 1.22 Double bottom
HWGB (9601/0.415) Buy:25/6/2012 Sell:26/6/2012 0.40 0.45,0.49 Consolidation breakout Take profit at 0.45
UMLAND (4561/2.25) Buy:26/6/2012 2.18 2.40,2.49 Uprun

Source:Jupiter Securities Research 28 June 2012

Stock Overview - MUHIBAH - 28 June 2012

MUHIBAH ( 5703 : 1.02 ) : Targeting 1.27/Stop loss 0.94

Description

Resistance : 1.15 1.27
Support : 0.95 1.01

RSI of 27
RSI is oversold

STOCHASTIC
It is oversold

Comment
On the 14/6/2012 buy call, we are lowering the stop loss to 0.94, from 1.18. As technicals are oversold, and the downside is limited to 1.01 - 0.95, a technical rebound to 1.15 is likely. The 50% retracement is at 1.27

Trading Strategy
Buy. Stop loss is at 0.94

Source:Jupiter Securities Research 28 June 2012

Daily Summary - 28 June 2012

YOUR MORNING COFFEE – Thursday 28/6/2012

SUMMARY

Wall St closed 0.7% higher, due to the strong durable goods orders, and housing. Durable goods rose 1.1%. Housing continues to churn out positives, with the latest pending home sales at the highest in 2 years. Focus is on the EU summit meeting Thursday.
Dow of 12,627 is on a pullback support of 12,365. RSI of 50, is neutral.
DOLLAR INDEX is higher at 82.5. Resistance is at 83.1.
Crude oil is higher at USD80.2. Support is at 75.6.
Dollar yen is higher at 79.6 yen. Upside is at 80.6.
Euro/dollar is lower at 1.247. Support is at 1.232.
Gold is higher at USD1574. Upside is at 1740.
Shanghai closed lower at 2,216.
Singapore STI closed higher at 2,843.
Ringgit is firmer at 3.194. Downside is at 3.210.
S’pore ringgit is lower at 2.495. Upside is at 2.520.
Malaysian market closed higher at 1601. On the Daily chart, it is targeting 1607. Pullback support is at 1586. RSI of 60, remains positive. Today’s range is between 1596 and 1606.
CPO Aug futures is lower at RM3020. Upside is at 3211.
Trading : MUHIBAH ( 5703 : 1.02 ) : Targeting 1.27/Stop loss 0.94

Source:Jupiter Securities Research 28 June 2012

Tuesday 26 June 2012

Technical stock picks table - 27 June 2012

Wednesday, 27 June 2012

Stock code / Price Action : Date Stop loss Target Comment

TRC (5054/0.735) Buy: 10/5/2012 Sell:15/5/2012 0.70 0.78,0.81 Consolidation breakout Stop out at 0.70
PERISAI (0047/0.90) Buy: 10/5/2012 Sell:16/5/2012 0.87 1.04,1.12 Consolidation breakout Stop out at 0.87
CIMB (1023/7.64) Buy: 10/5/2012 Sell:14/5/2012 7.54 8.16,8.28 Uptrend, oversold
Stop out at 7.54
MUHIBAH (5703/1.30) Buy: 10/5/2012 Sell:16/5/2012 1.22 1.45,1.50 Technical rebound, oversold Stop out at 1.22
MPHB (3859/2.95) Buy: 11/5/2012 Sell:16/5/2012 2.80 3.20,3.49 Bullish Pennant or Flag Stop out at 2.80
JAKS (4723/0.565) Buy: 11/5/2012 Sell:15/5/2012 0.54 0.66,0.73 Technical rebound, oversold Stop out at 0.54
AIRASIA (5099/3.65) Buy: 11/5/2012 Sell:15/5/2012 3.50 4.04 Bullish Pennant or Flag Stop out at 3.50
MUDAJYA (5085/2.75) Buy: 11/5/2012 Sell:14/5/2012 2.63 2.90,2.98 Technical rebound, oversold Stop out at 2.63
TM (4863/5.43) Buy: 14/5/2012 Sell:18/5/2012 5.33 5.80 Uptrend Stop out at 5.33
MEGB (5166/1.05) Buy: 14/5/2012 Sell:17/5/2012 1.00 1.18 Technical rebound, oversold Stop out at 1.00
LFECORP (7170/0.145) Buy: 14/5/2012 Sell:16/5/2012 0.125 0.21 Consolidation breakout Stop out at 0.125
DIALOG (7277/2.24) Buy: 14/5/2012 Sell:8/6/2012 2.16 2.52 Technical rebound, oversold Take profit at 2.39
CANONE (5105/2.10) Buy: 15/5/2012 Sell:20/6/2012 2.00 2.42 Uptrend Take profit at 2.34
DAYA (0091/0.21) Buy: 15/5/2012 0.18 0.28 Technical rebound, oversold
BJCORP (3395/0.765) Buy below 0.75:15/5/2012 0.72 0.82 Due for a technical rebound
WINGTM (2976/1.70) Buy: 16/5/2012 Sell:22/5/2012 1.62 1.94,2.06 Uptrend Take profit at 2.00
GAMUDA (5398/3.56) Buy: 16/5/2012 Sell:16/5/2012 3.46 3.90 Technical rebound, oversold Stop out at 3.46
MITRA (9571/0.55) Buy: 17/5/2012 0.54 0.61 Double Bottom
KINSTEL (5060/0.43) Buy: 17/5/2012 0.40 0.50 Double Bottom
MBSB (1171/2.10) Buy below 2.00:17/5/2012 Sell: 4/6/2012 1.83 2.38 Small downside
Take profit at 2.22

GENM (4715/3.58) Buy: 18/5/2012 Sell:30/5/2012 3.50 3.93-3.97 Technical rebound, oversold Take profit at 3.83
MRCB (1651/1.58) Buy: 18/5/2012 Sell:20/6/2012 1.46 1.82-1.90 Technical rebound, oversold Take profit at 1.82
BIMB (5258/2.42) Buy: 18/5/2012 Sell:29/5/2012 2.27 2.58 Technical rebound, oversold Take profit at 2.60
MISC (3816/4.23) Buy: 21/5/2012 Sell: 4/6/2012 4.00 4.60 Correction ended at 3.92 Stop out at 4.00
MFLOUR (3662/1.45) Buy: 22/5/2012 1.32 5/6/2012:Stop loss raised to 1.45 1.70,1.82 Technical rebound, oversold
PERWAJA(5146/0.575) Buy: 22/5/2012 Sell:26/6/2012 0.52 0.69 Technical rebound, oversold Take profit at 0.68
PERDANA (7108/0.50) Buy: 22/5/2012 Sell:14/6/2012 0.47 0.58,0.64 Technical rebound, oversold Take profit at 0.59
CRESBLD (8591/1.08) Buy: 23/5/2012 Sell:25/5/2012 1.04 1.30 Uprun Stop out at 1.04
BSTEAD (2771/4.98)
Buy: 23/5/2012 Sell:19/6/2012 4.86 5.44,5.54 Technical rebound, oversold
Take profit at 5.44
TA (4898/0.54)Buy: 24/5/2012 0.51 0.62,0.72 RSI positive divergence
UNISEM (5005/1.28) Buy: 24/5/2012 1.22 1.44,1.49 Technical rebound, oversold
YTLLAND (2577/0.975) Buy below 0.96:24/5/2012 0.93 1.12 Technical rebound, oversold
KNM (7164/0.76) Buy: 24/5/2012 Sell: 4/6/2012 0.72 0.84,0.88 Technical rebound, oversold Stop out at 0.72
CBIP (7076/2.54) Buy: 25/5/2012 Sell: 4/6/2012 2.44 2.80 Technical rebound, oversold Stop out at 2.44
KPSCB (9121/0.39) Buy: 25/5/2012 0.37 0.48 Technical rebound, oversold
BRAHIMS (9474/1.20) Buy: 25/5/2012 Sell:11/6/2012 1.14 1.40 Technical rebound, oversold Stop out at 1.13
DIGI (6947/3.95) Buy: 29/5/2012 Sell:20/6/2012 3.89 4.20 Technical rebound, oversold Take profit at 4.20
PERMAJU (7080/0.84) Buy: 29/5/2012 Sell: 4/5/2012 0.80 1.02 Double bottom Stop out at 0.80
LEESK (8079/0.145) Buy: 30/5/2012 0.125 0.19 Technical rebound, oversold
SBCCORP (5207/0.93) Buy: 30/5/2012 0.86 1.00 Technical rebound, oversold
E&O (3417/1.43) Buy: 30/5/2012 1.38 1.53 Technical rebound, oversold
MAS (3786/1.17) Buy: 31/5/2012 1.08 1.30,1.40 Technical rebound, oversold
PUNCAK (6807/1.33) Buy: 31/5/2012 1.26 1.57 Consolidation breakout
YINSON (7293/2.00) Buy: 1/6/2012 Sell:11/6/2012 1.90 2.20 Uptrend Take profit at 2.14 L&G (3174/0.34) Buy: 1/6/2012 Sell:19/6/2012 0.31 0.39,0.44 Trend breakout Take profit at 0.39
COASTAL (5071/1.76) Buy: 1/6/2012 Sell:11/6/2012 1.62 2.00 Technical rebound, oversold Take profit at 1.91
TM (4863/5.39) Buy: 1/6/2012 Sell:22/6/2012 5.30 5.70 Uptrend Take profit at 5.80
TAGB (5158/0.275) Buy: 4/6/2012 0.26 0.34 Double bottom
BURSA (1818/6.05) Buy: 4/6/2012 5.85 6.40,6.60 Technical rebound, oversold
BINTAI (6998/0.375) Buy: 4/6/2012 Sell:11/6/2012 0.34 0.46 Breakout Take profit at 0.42
SMI (4375/0.21) Buy below 0.20:5/6/2012 0.185 0.25 Correction completed
KLCCP (5089/3.95) Buy: 5/6/2012 3.84 4.22,4.34 Consolidation breakout
MPHB (3859/3.24) Buy: 6/6/2012 Sell:18/6/2012 3.10 14/6/2012:Stop loss raised to 3.38 3.50,3.64 Uptrend Take profit at 3.38
TDM (2054/3.78) Buy: 6/6/2012 Sell:15/6/2012 3.69 4.20 Technical rebound, oversold Take profit at 4.55
LITRAK (6645/4.10) Buy: 6/6/2012 3.92 4.48 Uptrend

Source:Jupiter Securities Research 27 June 2012

Stock Overview - PERWAJA - 27 June 2012

PERWAJA ( 5146 : 0.68 ) : Take profit

Description

Resistance : 0.69
Support : 0.64

RSI of 72
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 22/5/2012 buy call at 0.57, we are recommending to take profit as technicals are overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research 27 June 2012

Stock Overview - HWGB - 27 June 2012

HWGB ( 9601 : 0.44 ) : Take profit

Description

Resistance : 0.45
Support : 0.42

RSI of 70
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 25/6/2012 buy call at 0.42, we are recommending to take profit as technicals are overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research 27 June 2012

Daily Summary - 27 June 2012

YOUR MORNING COFFEE – Wednesday 27/6/2012

SUMMARY

Wall St closed 0.2% higher, ahead of EU summit meeting later in the week. Spain has requested for bank aid on Monday. Home prices rose 0.7% in April. Consumer confidence index dipped to 62, a 5 month low.
Dow of 12,534 is on a pullback support of 12,365. RSI of 47, is weakening.
DOLLAR INDEX is higher at 82.4. Resistance is at 83.1.
Crude oil is higher at USD79.2. Support is at 75.6.
Dollar yen is lower at 79.4 yen. Upside is at 80.6.
Euro/dollar is lower at 1.248. Support is at 1.232.
Gold is lower at USD1572. Upside is at 1740.
Shanghai closed lower at 2,222.
Singapore STI closed lower at 2,810.
Ringgit is firmer at 3.192. Downside is at 3.210.
S’pore ringgit is lower at 2.495. Upside is at 2.520.
Malaysian market closed lower at 1594. On the Daily chart, it is targeting 1607. Pullback support is at 1586. RSI of 58, remains positive. Today’s range is between 1590 and 1600.
CPO Aug futures is lower at RM3011. Upside is at 3211.
Trading : PERWAJA ( 5146 : 0.68 ) : Take profit, HWGB ( 9601 : 0.44 ) : Take profit

Source:Jupiter Securities Research 27 June 2012

Monday 25 June 2012

Technical stock picks table - 26 June 2012

Tuesday, 26 June 2012

Stock code / Price Action : Date Stop loss Target Comment

TRC (5054/0.735) Buy:10/5/2012 Sell:15/5/2012 0.70 0.78,0.81 Consolidation breakout Stop out at 0.70
PERISAI (0047/0.90) Buy: 10/5/2012 Sell:16/5/2012 0.87 1.04,1.12 Consolidation breakout Stop out at 0.87
CIMB (1023/7.64) Buy: 10/5/2012 Sell:14/5/2012 7.54 8.16,8.28 Uptrend, oversold Stop out at 7.54
MUHIBAH (5703/1.30) Buy: 10/5/2012 Sell:16/5/2012 1.22 1.45,1.50 Technical rebound, oversold Stop out at 1.22
MPHB (3859/2.95) Buy: 11/5/2012 Sell:16/5/2012 2.80 3.20,3.49 Bullish Pennant or Flag Stop out at 2.80
JAKS (4723/0.565) Buy: 11/5/2012 Sell:15/5/2012 0.54 0.66,0.73 Technical rebound, oversold Stop out at 0.54
AIRASIA (5099/3.65) Buy: 11/5/2012 Sell:15/5/2012 3.50 4.04 Bullish Pennant or Flag Stop out at 3.50
MUDAJYA (5085/2.75) Buy: 11/5/2012 Sell:14/5/2012 2.63 2.90,2.98 Technical rebound, oversold Stop out at 2.63
TM (4863/5.43) Buy: 14/5/2012 Sell:18/5/2012 5.33 5.80 Uptrend Stop out at 5.33
MEGB (5166/1.05) Buy: 14/5/2012 Sell:17/5/2012 1.00 1.18 Technical rebound,oversold Stop out at 1.00
LFECORP (7170/0.145) Buy: 14/5/2012 Sell:16/5/2012 0.125 0.21 Consolidation breakout Stop out at 0.125
DIALOG (7277/2.24) Buy: 14/5/2012 Sell:8/6/2012 2.16 2.52 Technical rebound, oversold Take profit at 2.39
CANONE (5105/2.10) Buy: 15/5/2012 Sell:20/6/2012 2.00 2.42 Uptrend Take profit at 2.34
DAYA (0091/0.21) Buy: 15/5/2012 0.18 0.28 Technical rebound, oversold
BJCORP (3395/0.765) Buy below 0.75:15/5/2012 0.72 0.82 Due for a technical rebound
WINGTM (2976/1.70) Buy: 16/5/2012 Sell:22/5/2012 1.62 1.94,2.06 Uptrend Take profit at 2.00
GAMUDA (5398/3.56) Buy: 16/5/2012 Sell:16/5/2012 3.46 3.90 Technical rebound, oversold Stop out at 3.46
MITRA (9571/0.55) Buy: 17/5/2012 0.54 0.61 Double Bottom
KINSTEL (5060/0.43) Buy: 17/5/2012 0.40 0.50 Double Bottom
MBSB (1171/2.10) Buy below 2.00:17/5/2012 Sell: 4/6/2012 1.83 2.38 Small downside Take profit at 2.22
GENM (4715/3.58) Buy: 18/5/2012 Sell:30/5/2012 3.50 3.93-3.97 Technical rebound, oversold Take profit at 3.83
MRCB (1651/1.58) Buy: 18/5/2012 Sell:20/6/2012 1.46 1.82-1.90 Technical rebound, oversold Take profit at 1.82
BIMB (5258/2.42) Buy: 18/5/2012 Sell:29/5/2012 2.27 2.58 Technical rebound, oversold Take profit at 2.60
MISC (3816/4.23) Buy: 21/5/2012 Sell: 4/6/2012 4.00 4.60 Correction ended at 3.92 Stop out at 4.00
MFLOUR (3662/1.45)Buy: 22/5/2012 1.32 5/6/2012:Stop loss raised to 1.45 1.70,1.82 Technical rebound, oversold
PERWAJA(5146/0.575) Buy: 22/5/2012 0.52 0.69 Technical rebound, oversold
PERDANA (7108/0.50) Buy: 22/5/2012 Sell:14/6/2012 0.47 0.58,0.64 Technical rebound, oversold Take profit at 0.59
CRESBLD (8591/1.08) Buy: 23/5/2012 Sell:25/5/2012 1.04 1.30 Uprun Stop out at 1.04
BSTEAD (2771/4.98) Buy: 23/5/2012 Sell:19/6/2012 4.86 5.44,5.54 Technical rebound, oversold Take profit at 5.44
TA (4898/0.54) Buy: 24/5/2012 0.51 0.62,0.72 RSI positive divergence
UNISEM (5005/1.28) Buy: 24/5/2012 1.22 1.44,1.49 Technical rebound, oversold
YTLLAND (2577/0.975) Buy below 0.96:24/5/2012 0.93 1.12 Technical rebound, oversold
KNM (7164/0.76) Buy: 24/5/2012 Sell: 4/6/2012 0.72 0.84,0.88 Technical rebound, oversold Stop out at 0.72
CBIP (7076/2.54) Buy: 25/5/2012 Sell: 4/6/2012 2.44 2.80 Technical rebound, oversold Stop out at 2.44
KPSCB (9121/0.39) Buy: 25/5/2012 0.37 0.48 Technical rebound, oversold
BRAHIMS(9474/1.20) Buy: 25/5/2012 Sell:11/6/2012 1.14 1.40 Technical rebound, oversold Stop out at 1.13
DIGI (6947/3.95) Buy: 29/5/2012 Sell:20/6/2012 3.89 4.20 Technical rebound, oversold Take profit at 4.20
PERMAJU (7080/0.84) Buy: 29/5/2012 Sell: 4/5/2012 0.80 1.02 Double bottom Stop out at 0.80
LEESK (8079/0.145) Buy: 30/5/2012 0.125 0.19 Technical rebound, oversold
SBCCORP (5207/0.93) Buy: 30/5/2012 0.86 1.00 Technical rebound, oversold
E&O (3417/1.43) Buy: 30/5/2012 1.38 1.53 Technical rebound, oversold
MAS (3786/1.17) Buy: 31/5/2012 1.08 1.30,1.40 Technical rebound, oversold
PUNCAK (6807/1.33) Buy: 31/5/2012 1.26 1.57 Consolidation breakout
YINSON (7293/2.00) Buy: 1/6/2012 Sell:11/6/2012 1.90 2.20 Uptrend Take profit at 2.14
L&G (3174/0.34) Buy: 1/6/2012 Sell:19/6/2012 0.31 0.39,0.44 Trend breakout Take profit at 0.39
COASTAL (5071/1.76) Buy: 1/6/2012 Sell:11/6/2012 1.62 2.00 Technical rebound, oversold Take profit at 1.91
TM (4863/5.39) Buy: 1/6/2012 Sell:22/6/2012 5.30 5.70 Uptrend Take profit at 5.80
TAGB (5158/0.275) Buy: 4/6/2012 0.26 0.34 Double bottom
BURSA (1818/6.05) Buy: 4/6/2012 5.85 6.40,6.60 Technical rebound, oversold
BINTAI (6998/0.375) Buy: 4/6/2012 Sell:11/6/2012 0.34 0.46 BreakoutTake profit at 0.42
SMI (4375/0.21) Buy below 0.20:5/6/2012 0.185 0.25 Correction completed
KLCCP (5089/3.95)Buy: 5/6/2012 3.84 4.22,4.34 Consolidation breakout
MPHB (3859/3.24) Buy: 6/6/2012 Sell:18/6/2012 3.10 14/6/2012:Stop loss raised to 3.38 3.50,3.64 Uptrend Take profit at 3.38
TDM (2054/3.78) Buy: 6/6/2012 Sell:15/6/2012 3.69 4.20 Technical rebound, oversold Take profit at 4.55
LITRAK (6645/4.10) Buy: 6/6/2012 3.92 4.48 Uptrend
MAYBANK (1155/8.70) Buy: 7/6/2012 8.50 9.20 Oversold
UMW (4588/8.08) Buy: 7/6/2012 Sell:14/6/2012 7.90 14/6/2012:Stop loss raised to 8.22 8.40,8.60 Uptrend Take profit at 8.44
BJTOTO (1562/4.31) Buy: 7/6/2012 4.20 4.70 Oversold
UEMLAND (5148/1.96) Buy: 8/6/2012 1.90 2.15,2.19 Oversold
FITTERS (9318/0.72) Buy: 8/6/2012 0.69 0.85 Double bottom
AIRASIA (5099/3.65) Buy: 11/6/2012 3.52 3.82,3.94 Rebound
SKPRES (7155/0.535) Buy: 11/6/2012 0.50 0.63 Consolidation breakout
CENSOF (5195/0.37) Buy: 12/6/2012 Sell:18/6/2012 0.35 0.41 Oversold Take profit at 0.41
FAVCO (7229/1.43) Buy: 13/6/2012 Sell:25/6/2012 1.35 1.60 Oversold Take profit at 1.62
FAJAR (7047/1.08) Buy: 13/6/2012 Sell:14/6/2012 1.04 1.22 Technical rebound Stop out at 1.04
MUHIBAH (5703/1.21) Buy:14/6/2012 1.18 1.34 Double bottom
ENG (8826/1.95) Buy:14/6/2012 1.91 2.20 Breakout
TRC (5054/0.67) Buy around 0.65:15/6/2012 0.62 0.74 Double Bottom
SUPERMX (7106/1.96) Buy:18/6/2012 1.88 2.15 Positive technicals
OLDTOWN(5201/1.59) Buy:18/6/2012 Sell:19/6/2012 1.51 1.74 Positive technicals Take profit at 1.74
THPLANT (5112/2.29) Buy:19/6/2012 2.18 2.54 Oversold
MALTON (6181/0.57) Buy:19/6/2012 0.55 0.65 Technical rebound
AZRB (7078/0.775) Buy:21/6/2012 0.74 0.90,0.96 Technical rebound
PARAMON (1724/1.78) Buy:22/6/2012 1.70 1.90,2.00 Consolidation breakout
MAYBULK (5077/1.58) Buy below 1.55 :22/6/2012 1.52 1.76,1.84 Oversold
GKENT (3204/1.04) Buy:25/6/2012 0.94 1.22 Double bottom
HWGB (9601/0.415) Buy:25/6/2012 0.40 0.45,0.49 Consolidation breakout
UMLAND (4561/2.25) Buy:26/6/2012 2.18 2.40,2.49 Uprun

Source:Jupiter Securities Research 26 June 2012

Morning Coffee - 26 Jun 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Drop On Europe As Crisis Threatens Earnings: U.S. stocks tumbled on concern this week’s European Union summit will fail to tame a crisis which put American earnings on pace for the first decline since 2009. Technology, financial and energy shares dropped the most among 10 groups in the Standard & Poor’s 500 Index. The S&P 500 slid 1.6 percent to 1,313.72 as 470 of its 500 stocks declined. The Dow Jones Industrial Average fell 138.12 points, or 1.1 percent, to 12,502.66. Volume for exchange-listed stocks in the U.S. was about 5.9 billion shares, or 13 percent below the three-month average.

European Stock Fall Before Summit As Soros Warns On Euro: Billionaire investor George Soros called on Europe to start a fund to buy Italian and Spanish bonds, saying policy makers should create a European Fiscal Authority to purchase the debt in return for the countries implementing achievable budget cuts. France’s CAC 40 fell 2.2 percent, the U.K.’s FTSE 100 slid 1.1 percent and Germany’s DAX lost 2.1 percent.

Oil Declines Below $80 For A Third Day On Euro-Zone Debt: on concern that a meeting of European Union leaders this week will fail to check the region’s debt crisis, leading to a reduction in fuel demand. Futures dropped 0.7 percent as George Soros warned that a failure by EU leaders to produce drastic measures may spell the demise of the bloc’s shared currency. Crude climbed earlier as oil and gas installations in the Gulf of Mexico were shut because of Tropical Storm Debby. Prices slid as the storm moved toward Florida and away from energy fields.

Oil for August delivery declined 55 cents to settle at $79.21 a barrel on the New York Mercantile Exchange. Futures are down 20 percent this year. Prices have fallen 23 percent since the end of March, heading for the biggest quarterly decline since the final three months of 2008.

CORPORATE NEWS

FGVH posts lower Q1 net profit of RM223m: has reported a 36.3% drop in net profit for its first quarter ended March 31, 2012 to RM223.2 million on higher cost of sales and administrative expenses as well as fair value changes in the Land Lease Agreement liability.

Bernas to spend RM250m on acquisitions, capex: for new acquisitions and capital expenditure (capex) to upgrade its rice mills this year. Bernas, which currently operates 32 mills, is looking at acquiring up to three mills over the next few years. The group expects its earnings to slightly improve this year, due to increased volume compared with 2011 and with the price of local padi remaining stable at between RM1,000 and RM1,220 per tonne in the peninsula. Bernas' share of the local padi market
stands at 33%.

Handal bags RM150m crane deal from ExxonMobil: has bagged its fourth contract worth RM150 million from ExxonMobil Exploration and Production Malaysia Inc to provide integrated crane services to the latter's offshore Malaysia operations. Handal's first contract with ExxonMobil was in 1995. Under the
deal, Handal's unit Handal Offshore Services Sdn Bhd will repair, maintain and overhaul ExxonMobil's offshore cranes from now until 2017, with an option to extend by another year.

SunBiz

Kelington sees more earnings: which installs ultra-high purity gas and chemical infrastructure, expects contribution to earnings from recently acquired Puritech Tech Ltd in the second half of this year. Apart from Malaysia, Kelington has operations in Singapore, China and Taiwan. The company's overseas business accounted for about 70% of Kelingotn's total earnings. Singapore-based Puritec, which was acquired in February this year, specialises in the design and installation of delivery systems for exhausts.

Top Glove unit to buy PT Agro stake for RM22mil: whollyowned sub-subsidiary,Best Advance Resources Ltd, will acquire 95% equity or 5,700 shares inPT Agro Pramata Sejahtera for RM22mil.

Investment in paper and printing stays at RM533mil: from January to April this year, the investment in the paper and printing industries had already hit RM264.9mil.

StarBiz

Muhibbah Engr in deal with Favelle Favco: Muhibbah Engineering (M) Bhd (MEB) entered into a conditional sale and purchase agreement with Favelle Favco Bhd (FFB) for a proposed disposal of a crane fabrication yard in New South Wales, Australia, for RM48 million. The yard comprises a large industrial factory used by FFB for crane fabricating/manufacturing on around 4.684ha industrial land
parcel.

New steel mill in Lumut: Maegma Steel HRC Sdn Bhd director Tunku Shaharuddin Tunku Mahmud said the company would be investing RM4.5 billion in the first phase of the project to build the plant, which would have the capacity to produce some
1.5 million tonnes of thin metal sheets, or "Hot Roll Coils" (HRC), a year.

Source:Jupiter Securities Research 26 June 2012

Stock Overview - UMLAND - 26 June 2012

UMLAND ( 4561 : 2.25 ) : Targeting 2.49/Stop loss 2.18

Description

Resistance : 2.40 2.49
Support : 2.12 2.18

RSI of 77
RSI is to remain firm

STOCHASTIC
It is overbought

Comment
The current uprun is likely to retest the previous high of 2.49

Trading Strategy
Buy. Stop loss is at 2.18

Source:Jupiter Securities Research 26 June 2012

Stock Overview - FAVCO - 26 June 2012

FAVCO ( 7229 : 1.62 ) : Take profit

Description

Resistance : 1.65
Support : 1.58

RSI of 71
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 13/6/2012 buy call at 1.43, we are recommending to take profit as technicals approaching overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research 26 June 2012

Daily Summary - 26 June 2012

YOUR MORNING COFFEE – Tuesday 26/6/2012

SUMMARY

Wall St closed 1.1% lower, ahead of EU summit meeting later in the week. Spain has requested for bank aid on Monday. New home sales rose at an annual rate of 369,000.
Dow of 12,502 is on a pullback support of 12,365. RSI of 46, is weakening.
DOLLAR INDEX is higher at 82.4. Resistance is at 83.1.
Crude oil is lower at USD79.0. Support is at 75.6.
Dollar yen is lower at 79.6 yen. Upside is at 80.6.
Euro/dollar is lower at 1.250. Support is at 1.232.
Gold is higher at USD1585. Upside is at 1740.
Shanghai closed lower at 2,224.
Singapore STI closed lower at 2,811.
Ringgit is weaker at 3.196. Downside is at 3.210.
S’pore ringgit is lower at 2.495. Upside is at 2.520.
Malaysian market closed unchanged 1603. On the Daily chart, it is
targeting 1607. Pullback support is at 1586. RSI of 64, remains positive. Today’s range is between 1593 and 1603.
CPO Aug futures is higher at RM3026. Upside is at 3211.
Trading : FAVCO ( 7229 : 1.60 ) : Take profit, UMLAND ( 4561 : 2.25 ) : Targeting 2.49/Stop loss 2.18

Source:Jupiter Securities Research 26 June 2012

Morning Coffee - 25 Jun 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Fall, Ending 2-Week Rally, On Growth Concern: after the Federal Reserve cut its economic forecast and a bear market in commodities prices dragged down energy producers. The S&P 500 slid 0.6 percent to 1,335.02, snapping a two- week rally of 5.1 percent. The Dow Jones Industrial Average declined 126.39 points, or 1 percent, to 12,640.78, trimming its advance for the year to 3.5 percent.

U.K. Stocks Slide Amid Global Growth Concern: led by a sell off in mining and energy companies, as base metals declined amid signs of a global economic slowdown. The FTSE 100 Index fell 1 percent to 5,513.69 at the close in London, trimming the gauge’s third week of gains to 0.6 percent.

Oil Gains A Second Day After Storm Cuts Gulf Of Mexico Output: Oil rose for a second day in New York after Tropical Storm Debby shut rigs and disrupted production in the Gulf of Mexico. The contract increased $1.56 to $79.76 on June 22. Prices are 19 percent lower this year.

CORPORATE NEWS

Chery investing RM250m in assembly plant: the Malaysian plant will have a capacity to assemble 10,000 cars annually for the first five years, with an option to expand to 20,000 units once it has expanded its overseas markets. Chery will focus on the domestic market first, as its exports are currently in small volumes to countries such as Indonesia, India, Thailand and Sri
Lanka.

MAS needs cash to succeed with turnaround plan: MAS on Thursday announced its target to return to profitability by 2014, which was an extension of a year from its turnaround plan announced in December last year. Despite its financial woes, he said MAS was still relevant as its plays a major role in spurring growth in related activities such as aircraft maintenance, repair and operations businesses, leasing aircraft as well as the tourism
industry..

SunBiz

Competition heats up among telcos in IDD segment: Recently, Maxis Bhd has up the ante and become more aggressive with cheaper new prepaid and IDD packages
among migrant workers with attractive headline rates. Maxis'aggressiveness has proved to be fruitful for the telco and continues to gain traction. Following this, DiGi.Com Bhd, which controls some 50% of the migrant worker market, responded to its rival's rate cut by slashing IDD rates for key migrant markets
by up to 77% in April.

Wah Seong a major oil and gas player in the making: outbidding other contenders for a substantial stake in Petra Energy Bhd, pipe-coating specialist Wah Seong Corp Bhd is set to emerge as the second-largest shareholder in the integrated oil and gas (O&G) brown field services provider once the deal is finalised. This will likely see Wah Seong strengthening its position as a major player in the O&G sector that is set to boom under Malaysia's Economic Transformation Programme (ETP).

StarBiz

Source:Jupiter Secutiries Research 26 June 2012

Sunday 24 June 2012

Technical stock picks table - 25 June 2012

Monday, 25 June 2012

Stock code / Price Action : Date Stop loss Target Comment

TRC (5054/0.735) Buy: 10/5/2012, Sell:15/5/2012, 0.70 0.78,0.81 Consolidation breakout, Stop out at 0.70
PERISAI (0047/0.90) Buy: 10/5/2012, Sell:16/5/2012, 0.87 1.04,1.12 Consolidation breakout, Stop out at 0.87
CIMB (1023/7.64) Buy: 10/5/2012, Sell:14/5/2012, 7.54 8.16,8.28 Uptrend, oversold, Stop out at 7.54
MUHIBAH (5703/1.30) Buy: 10/5/2012, Sell:16/5/2012, 1.22 1.45,1.50 Technical rebound, oversold, Stop out at 1.22
MPHB (3859/2.95) Buy: 11/5/2012., Sell:16/5/2012, 2.80 3.20,3.49 Bullish Pennant or Flag, Stop out at 2.80
JAKS (4723/0.565) Buy: 11/5/2012, Sell:15/5/2012, 0.54 0.66,0.73 Technical rebound, oversold, Stop out at 0.54
AIRASIA (5099/3.65) Buy: 11/5/2012, Sell:15/5/2012, 3.50 4.04 Bullish Pennant or Flag, Stop out at 3.50
MUDAJYA (5085/2.75) Buy: 11/5/2012, Sell:14/5/2012, 2.63 2.90,2.98 Technical rebound, oversold, Stop out at 2.63
TM (4863/5.43) Buy: 14/5/2012, Sell:18/5/2012, 5.33 5.80 Uptrend, Stop out at 5.33
MEGB (5166/1.05) Buy: 14/5/2012, Sell:17/5/2012, 1.00 1.18 Technical rebound, oversold, Stop out at 1.00
LFECORP (7170/0.145) Buy: 14/5/2012, Sell:16/5/2012, 0.125 0.21 Consolidation breakout, Stop out at 0.125
DIALOG (7277/2.24) Buy: 14/5/2012, Sell:8/6/2012, 2.16 2.52 Technical rebound, oversold, Take profit at 2.39
CANONE (5105/2.10) Buy: 15/5/2012, Sell:20/6/2012, 2.00 2.42 Uptrend, Take profit at 2.34
DAYA (0091/0.21) Buy: 15/5/2012 0.18 0.28 Technical rebound, oversold
BJCORP (3395/0.765) Buy below 0.75:15/5/2012, 0.72 0.82 Due for a technical rebound
WINGTM (2976/1.70) Buy: 16/5/2012, Sell:22/5/2012, 1.62 1.94,2.06 Uptrend, Take profit at 2.00
GAMUDA (5398/3.56) Buy: 16/5/2012, Sell:16/5/2012, 3.46 3.90 Technical rebound, oversold, Stop out at 3.46
MITRA (9571/0.55) Buy: 17/5/2012 0.54 0.61 Double Bottom
KINSTEL (5060/0.43) Buy: 17/5/2012 0.40 0.50 Double Bottom
MBSB (1171/2.10) Buy below 2.00:17/5/2012, Sell: 4/6/2012, 1.83 2.38 Small downside, Take profit at 2.22
GENM (4715/3.58), Buy: 18/5/2012, Sell:30/5/2012, 3.50, 3.93-3.97, Technical rebound, oversold, Take profit at 3.83
MRCB (1651/1.58), Buy: 18/5/2012, Sell:20/6/2012, 1.46 1.82-1.90 Technical rebound, oversold, Take profit at 1.82
BIMB (5258/2.42), Buy: 18/5/2012, Sell:29/5/2012, 2.27 2.58 Technical rebound, oversold, Take profit at 2.60
MISC (3816/4.23), Buy: 21/5/2012,Sell: 4/6/2012, 4.00 4.60 Correction ended at 3.92, Stop out at 4.00
MFLOUR (3662/1.45), Buy: 22/5/2012 1.32, 5/6/2012:Stop loss, raised to 1.45, 1.70,1.82 Technical rebound, oversold
PERWAJA(5146/0.575), Buy: 22/5/2012 0.52 0.69 Technical rebound, oversold
PERDANA (7108/0.50), Buy: 22/5/2012, Sell:14/6/2012, 0.47 0.58,0.64 Technical rebound, oversold, Take profit at 0.59
CRESBLD (8591/1.08), Buy: 23/5/2012, Sell:25/5/2012, 1.04 1.30 Uprun, Stop out at 1.04
BSTEAD (2771/4.98), Buy: 23/5/2012, Sell:19/6/2012, 4.86 5.44,5.54 Technical rebound, oversold, Take profit at 5.44, TA (4898/0.54), Buy: 24/5/2012 0.51 0.62,0.72 RSI positive divergence
UNISEM (5005/1.28), Buy: 24/5/2012 1.22 1.44,1.49 Technical rebound, oversold
YTLLAND (2577/0.975), Buy below 0.96:24/5/2012, 0.93 1.12 Technical rebound, oversold
KNM (7164/0.76), Buy: 24/5/2012, Sell: 4/6/2012, 0.72 0.84,0.88 Technical rebound, oversold, Stop out at 0.72
CBIP (7076/2.54) Buy: 25/5/2012, Sell: 4/6/2012, 2.44 2.80 Technical rebound, oversold, Stop out at 2.44, Continue

KPSCB (9121/0.39), Buy: 25/5/2012 0.37 0.48 Technical rebound, oversold
BRAHIMS(9474/1.20), Buy: 25/5/2012, Sell:11/6/2012, 1.14 1.40 Technical rebound, oversold, Stop out at 1.13
DIGI (6947/3.95), Buy: 29/5/2012, Sell:20/6/2012, 3.89, 4.20 Technical rebound, oversold, Take profit at 4.20
PERMAJU (7080/0.84), Buy: 29/5/2012, Sell: 4/5/2012, 0.80 1.02 Double bottom, Stop out at 0.80
LEESK (8079/0.145), Buy: 30/5/2012 0.125 0.19 Technical rebound, oversold
SBCCORP (5207/0.93), Buy: 30/5/2012 0.86 1.00 Technical rebound, oversold
E&O (3417/1.43), Buy: 30/5/2012 1.38 1.53 Technical rebound, oversold
MAS (3786/1.17), Buy: 31/5/2012 1.08 1.30,1.40 Technical rebound, oversold
PUNCAK (6807/1.33), Buy: 31/5/2012 1.26 1.57 Consolidation breakout
YINSON (7293/2.00), Buy: 1/6/2012, Sell:11/6/2012, 1.90 2.20 Uptrend, Take profit at 2.14
L&G (3174/0.34), Buy: 1/6/2012, Sell:19/6/2012, 0.31 0.39,0.44 Trend breakout, Take profit at 0.39
COASTAL (5071/1.76), Buy: 1/6/2012, Sell:11/6/2012, 1.62 2.00 Technical rebound, oversold, Take profit at 1.91
TM (4863/5.39), Buy: 1/6/2012, Sell:22/6/2012, 5.30 5.70 Uptrend, Take profit at 5.80
TAGB (5158/0.275), Buy: 4/6/2012 0.26 0.34 Double bottom
BURSA (1818/6.05), Buy: 4/6/2012 5.85 6.40,6.60 Technical rebound, oversold
BINTAI (6998/0.375), Buy: 4/6/2012, Sell:11/6/2012, 0.34 0.46 Breakout, Take profit at 0.42
SMI (4375/0.21), Buy below 0.20:5/6/2012, 0.185 0.25 Correction completed
KLCCP (5089/3.95), Buy: 5/6/2012 3.84 4.22,4.34 Consolidation breakout
MPHB (3859/3.24), Buy: 6/6/2012, Sell:18/6/2012, 3.10, 14/6/2012:Stop loss, raised to 3.38, 3.50,3.64 Uptrend, Take profit at 3.38
TDM (2054/3.78) Buy: 6/6/2012, Sell:15/6/2012, 3.69 4.20 Technical rebound, oversold, Take profit at 4.55
LITRAK (6645/4.10), Buy: 6/6/2012 3.92 4.48 Uptrend

MAYBANK (1155/8.70) Buy: 7/6/2012 8.50 9.20 Oversold
UMW (4588/8.08) Buy: 7/6/2012, Sell:14/6/2012, 7.90, 14/6/2012:Stop loss
raised to 8.22, 8.40,8.60 Uptrend, Take profit at 8.44
BJTOTO (1562/4.31) Buy: 7/6/2012 4.20 4.70 Oversold
UEMLAND (5148/1.96) Buy: 8/6/2012 1.90 2.15,2.19 Oversold
FITTERS (9318/0.72) Buy: 8/6/2012 0.69 0.85 Double bottom
AIRASIA (5099/3.65) Buy: 11/6/2012 3.52 3.82,3.94 Rebound
SKPRES (7155/0.535) Buy: 11/6/2012 0.50 0.63 Consolidation breakout
CENSOF (5195/0.37) Buy: 12/6/2012, Sell:18/6/2012, 0.35 0.41 Oversold, Take profit at 0.41
FAVCO (7229/1.43) Buy: 13/6/2012 1.35 1.60 Oversold
FAJAR (7047/1.08) Buy: 13/6/2012, Sell:14/6/2012, 1.04 1.22 Technical rebound
Stop out at 1.04
MUHIBAH (5703/1.21) Buy:14/6/2012 1.18 1.34 Double bottom
ENG (8826/1.95) Buy:14/6/2012 1.91 2.20 Breakout
TRC (5054/0.67) Buy around 0.65:15/6/2012, 0.62 0.74 Double Bottom
SUPERMX (7106/1.96) Buy:18/6/2012 1.88 2.15 Positive technicals
OLDTOWN(5201/1.59) Buy:18/6/2012, Sell:19/6/2012, 1.51 1.74 Positive technicals
Take profit at 1.74
THPLANT (5112/2.29) Buy:19/6/2012 2.18 2.54 Oversold
MALTON (6181/0.57) Buy:19/6/2012 0.55 0.65 Technical rebound
AZRB (7078/0.775) Buy:21/6/2012 0.74 0.90,0.96 Technical rebound
PARAMON (1724/1.78) Buy:22/6/2012 1.70 1.90,2.00 Consolidation breakout
MAYBULK (5077/1.58) Buy below 1.55:22/6/2012, 1.52 1.76,1.84 Oversold

GKENT (3204/1.04) Buy:25/6/2012 0.94 1.22 Double bottom
HWGB (9601/0.415) Buy:25/6/2012 0.40 0.45,0.49 Consolidation breakout

Source:Jupiter Securities Research 25 June 2012

Stock Overview - TM - 25 June 2012

TM ( 4863 : 5.69 ) : Take profit

Description

Resistance : 5.82
Support : 5.50

RSI of 71
RSI is overbought

STOCHASTIC
It is on an upswing

Comment
On the 1/6/2012 buy call at 5.39, we are recommending to take profit as technicals approaching overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research 25 June 2012

Stock Overview - HWGB - 25 June 2012

HWGB ( 9601 : 0.415 ) : Targeting 0.45/Stop loss 0.40

Description

Resistance : 0.45 0.49
Support : 0.40

RSI of 63
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
Following the consolidation breakout, it is heading higher to 0.45, and possibly 0.49

Trading Strategy
Buy. Stop loss is at 0.40

Source:Jupiter Securities Research 25 June 2012

Stock Overview - GKENT - 25 June 2012

GKENT ( 3204 : 1.02 ) : Targeting 1.22/Stop loss 0.94

Description

Resistance : 1.22
Support : 0.94

RSI of 54
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
Following the Double bottom of 0.94, it is heading higher to 1.22

Trading Strategy
Buy. Stop loss is at 0.94

Source:Jupiter Securities Research 25 June 2012

Daily Summary - 25 June 2012

YOUR MORNING COFFEE – Monday 25/6/2012

SUMMARY

Wall St closed 0.5% higher, following the Moody’s downgrade of 15 banks. Spain will formally request for bank aid on Monday; it is said that Spanish banks may need 62bln euros.
Dow of 12,640 is on a pullback support of 12,365. RSI of 50, is weakening.
DOLLAR INDEX is higher at 82.4. Resistance is at 83.1.
Crude oil is higher at USD79.3. Support is at 75.6.
Dollar yen is higher at 80.5 yen. Upside is at 80.6.
Euro/dollar is lower at 1.254. Support is at 1.232.
Gold is higher at USD1570. Upside is at 1740.
Shanghai closed lower at 2,260.
Singapore STI closed lower at 2,820.
Ringgit is weaker at 3.191. Downside is at 3.210.
S’pore ringgit is lower at 2.495. Upside is at 2.520.
Malaysian market closed higher 1603. On the Daily chart, it is targeting 1607. Pullback support is at 1586. RSI of 64, remains positive. Today’s range is between 1597 and 1607.
CPO Aug futures is lower at RM2945. Upside is at 3211.
Trading : TM ( 4863 : 5.69 ) : Take profit
GKENT ( 3204 : 1.02 ) : Targeting 1.22/Stop loss 0.94
HWGB ( 9601 : 0.415 ) : Targeting 0.45/Stop loss 0.40

Source:Jupiter Securities Research 25 June 2012

Thursday 21 June 2012

Technical stock picks table - 22 June 2012

Friday, 22 June 2012

Stock code / Price Action : Date Stop loss Target Comment

TRC (5054/0.735) Buy: 10/5/2012, Sell:15/5/2012, 0.70 0.78,0.81 Consolidation breakout, Stop out at 0.70
PERISAI (0047/0.90) Buy: 10/5/2012, Sell:16/5/2012, 0.87 1.04,1.12 Consolidation breakout, Stop out at 0.87
CIMB (1023/7.64) Buy: 10/5/2012, Sell:14/5/2012, 7.54 8.16,8.28 Uptrend, oversold
Stop out at 7.54
MUHIBAH (5703/1.30) Buy: 10/5/2012, Sell:16/5/2012, 1.22 1.45,1.50 Technical rebound, oversold, Stop out at 1.22
MPHB (3859/2.95) Buy: 11/5/2012, Sell:16/5/2012, 2.80 3.20,3.49 Bullish Pennant or Flag Stop out at 2.80
JAKS (4723/0.565) Buy: 11/5/2012, Sell:15/5/2012, 0.54 0.66,0.73 Technical rebound, oversold, Stop out at 0.54
AIRASIA (5099/3.65) Buy: 11/5/2012, Sell:15/5/2012, 3.50 4.04 Bullish Pennant or Flag, Stop out at 3.50
MUDAJYA (5085/2.75) Buy: 11/5/2012, Sell:14/5/2012, 2.63 2.90,2.98 Technical rebound, oversold, Stop out at 2.63
TM (4863/5.43) Buy: 14/5/2012, Sell:18/5/2012, 5.33 5.80 Uptrend, Stop out at 5.33
MEGB (5166/1.05) Buy: 14/5/2012, Sell:17/5/2012, 1.00 1.18 Technical rebound, oversold, Stop out at 1.00
LFECORP (7170/0.145) Buy: 14/5/2012, Sell:16/5/2012, 0.125 0.21 Consolidation breakout, Stop out at 0.125
DIALOG (7277/2.24) Buy: 14/5/2012, Sell:8/6/2012, 2.16 2.52 Technical rebound, oversold, Take profit at 2.39
CANONE (5105/2.10) Buy: 15/5/2012, Sell:20/6/2012, 2.00 2.42 Uptrend, Take profit at 2.34
DAYA (0091/0.21) Buy: 15/5/2012 0.18 0.28 Technical rebound, oversold
BJCORP (3395/0.765) Buy below 0.75:15/5/2012, 0.72 0.82 Due for a technical rebound
WINGTM (2976/1.70) Buy: 16/5/2012, Sell:22/5/2012, 1.62 1.94,2.06 Uptrend, Take profit at 2.00
GAMUDA (5398/3.56) Buy: 16/5/2012, Sell:16/5/2012, 3.46 3.90 Technical rebound, oversold, Stop out at 3.46
MITRA (9571/0.55) Buy: 17/5/2012 0.54 0.61 Double Bottom
KINSTEL (5060/0.43) Buy: 17/5/2012 0.40 0.50 Double Bottom
MBSB (1171/2.10) Buy below 2.00:17/5/2012, Sell: 4/6/2012, 1.83 2.38 Small downside, Take profit at 2.22
GENM (4715/3.58), Buy: 18/5/2012, Sell:30/5/2012, 3.50, 3.93-3.97, Technical rebound, oversold, Take profit at 3.83
MRCB (1651/1.58), Buy: 18/5/2012, Sell:20/6/2012, 1.46 1.82-1.90 Technical rebound, oversold, Take profit at 1.82
BIMB (5258/2.42), Buy: 18/5/2012, Sell:29/5/2012, 2.27 2.58 Technical rebound, oversold, Take profit at 2.60
MISC (3816/4.23), Buy: 21/5/2012, Sell: 4/6/2012, 4.00 4.60 Correction ended at 3.92, Stop out at 4.00
MFLOUR (3662/1.45), Buy: 22/5/2012 1.32, 5/6/2012:Stop loss, raised to 1.45, 1.70,1.82 Technical rebound, oversold
PERWAJA(5146/0.575), Buy: 22/5/2012 0.52 0.69 Technical rebound, oversold
PERDANA (7108/0.50), Buy: 22/5/2012, Sell:14/6/2012, 0.47 0.58,0.64 Technical rebound, oversold, Take profit at 0.59
CRESBLD (8591/1.08), Buy: 23/5/2012, Sell:25/5/2012, 1.04 1.30 Uprun, Stop out at 1.04
BSTEAD (2771/4.98), Buy: 23/5/2012, Sell:19/6/2012, 4.86 5.44,5.54 Technical rebound, oversold, Take profit at 5.44
TA (4898/0.54), Buy: 24/5/2012 0.51 0.62,0.72 RSI positive divergence
UNISEM (5005/1.28), Buy: 24/5/2012 1.22 1.44,1.49 Technical rebound, oversold
YTLLAND (2577/0.975), Buy below 0.96:24/5/2012, 0.93 1.12 Technical rebound, oversold
KNM (7164/0.76), Buy: 24/5/2012, Sell: 4/6/2012, 0.72 0.84,0.88 Technical rebound, oversold, Stop out at 0.72
CBIP (7076/2.54) Buy: 25/5/2012, Sell: 4/6/2012, 2.44 2.80 Technical rebound, oversold, Stop out at 2.44
KPSCB (9121/0.39), Buy: 25/5/2012 0.37 0.48 Technical rebound, oversold
BRAHIMS (9474/1.20), Buy: 25/5/2012, Sell:11/6/2012, 1.14 1.40 Technical rebound, oversold, Stop out at 1.13
DIGI (6947/3.95), Buy: 29/5/2012, Sell:20/6/2012, 3.89, 4.20 Technical rebound, oversold, Take profit at 4.20
PERMAJU (7080/0.84), Buy: 29/5/2012, Sell: 4/5/2012, 0.80 1.02 Double bottom, Stop out at 0.80
LEESK (8079/0.145), Buy: 30/5/2012 0.125 0.19 Technical rebound, oversold
SBCCORP (5207/0.93), Buy: 30/5/2012 0.86 1.00 Technical rebound, oversold
E&O (3417/1.43), Buy: 30/5/2012 1.38 1.53 Technical rebound, oversold
MAS (3786/1.17), Buy: 31/5/2012 1.08 1.30,1.40 Technical rebound, oversold
PUNCAK (6807/1.33), Buy: 31/5/2012 1.26 1.57 Consolidation breakout
YINSON (7293/2.00), Buy: 1/6/2012, Sell:11/6/2012, 1.90 2.20 Uptrend, Take profit at 2.14
L&G (3174/0.34), Buy: 1/6/2012, Sell:19/6/2012, 0.31 0.39,0.44 Trend breakout
Take profit at 0.39
COASTAL (5071/1.76), Buy: 1/6/2012, Sell:11/6/2012, 1.62 2.00 Technical rebound, oversold
Take profit at 1.91, TM (4863/5.39), Buy: 1/6/2012 5.30 5.70 Uptrend
TAGB (5158/0.275), Buy: 4/6/2012 0.26 0.34 Double bottom
BURSA (1818/6.05)
Buy: 4/6/2012 5.85 6.40,6.60 Technical rebound, oversold
BINTAI (6998/0.375), Buy: 4/6/2012, Sell:11/6/2012, 0.34 0.46 Breakout, Take profit at 0.42
SMI (4375/0.21), Buy below 0.20:5/6/2012, 0.185 0.25 Correction completed
KLCCP (5089/3.95), Buy: 5/6/2012 3.84 4.22,4.34 Consolidation breakout
MPHB (3859/3.24), Buy: 6/6/2012, Sell:18/6/2012, 3.10, 14/6/2012:Stop loss,raised to 3.38, 3.50,3.64 Uptrend, Take profit at 3.38
TDM (2054/3.78) Buy: 6/6/2012, Sell:15/6/2012, 3.69 4.20 Technical rebound, oversold, Take profit at 4.55
LITRAK (6645/4.10), Buy: 6/6/2012 3.92 4.48 Uptrend
MAYBANK (1155/8.70) Buy: 7/6/2012 8.50 9.20 Oversold
UMW (4588/8.08) Buy: 7/6/2012, Sell:14/6/2012, 7.90, 14/6/2012:Stop loss, raised to 8.22, 8.40,8.60 Uptrend, Take profit at 8.44
BJTOTO (1562/4.31) Buy: 7/6/2012 4.20 4.70 Oversold
UEMLAND (5148/1.96) Buy: 8/6/2012 1.90 2.15,2.19 Oversold
FITTERS (9318/0.72) Buy: 8/6/2012 0.69 0.85 Double bottom
AIRASIA (5099/3.65) Buy: 11/6/2012 3.52 3.82,3.94 Rebound
SKPRES (7155/0.535) Buy: 11/6/2012 0.50 0.63 Consolidation breakout
CENSOF (5195/0.37) Buy: 12/6/2012, Sell:18/6/2012, 0.35 0.41 Oversold, Take profit at 0.41
FAVCO (7229/1.43) Buy: 13/6/2012 1.35 1.60 Oversold
FAJAR (7047/1.08) Buy: 13/6/2012, Sell:14/6/2012, 1.04 1.22 Technical rebound
Stop out at 1.04
MUHIBAH (5703/1.21) Buy:14/6/2012 1.18 1.34 Double bottom
ENG (8826/1.95) Buy:14/6/2012 1.91 2.20 Breakout, TRC (5054/0.67) Buy around 0.65
:15/6/2012, 0.62 0.74 Double Bottom
SUPERMX (7106/1.96) Buy:18/6/2012 1.88 2.15 Positive technicals
OLDTOWN(5201/1.59) Buy:18/6/2012, Sell:19/6/2012, 1.51 1.74 Positive technicals
Take profit at 1.74
THPLANT (5112/2.29) Buy:19/6/2012 2.18 2.54 Oversold
MALTON (6181/0.57) Buy:19/6/2012 0.55 0.65 Technical rebound
AZRB (7078/0.775) Buy:21/6/2012 0.74 0.90,0.96 Technical rebound
PARAMON (1724/1.78) Buy:22/6/2012 1.70 1.90,2.00 Consolidation breakout
MAYBULK (5077/1.58) Buy below 1.55, :22/6/2012, 1.52 1.76,1.84 Oversold

Source:Jupiter Securities Research 22 June 2012

Stock Overview - PARAMON - 22 June 2012

PARAMON ( 1724 : 1.78 ) : Targeting 2.00/Stop loss 1.70

Description

Resistance : 1.90 2.00
Support : 1.70

RSI of 74
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
Following the consolidation breakout yesterday, it is heading for the 61.8% retracement of 2.00

Trading Strategy
Buy. Stop loss is at 1.70

Source:Jupiter Securities Research 22 June 2012

Stock Overview - MAYBULK - 22 June 2012

MAYBULK ( 5077 : 1.58 ) : Buy below 1.55/Stop loss 1.52

Description

Resistance : 1.76 1.84
Support : 1.55

RSI of 58
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
A pullback to 1.55 is likely before heading to retest the previous high of 1.84

Trading Strategy
Buy below 1.55. Stop loss is at 1.52

Source:Jupiter Securities Research 22 June 2012

Daily Summary - 22 June 2012

YOUR MORNING COFFEE – Friday 22/6/2012

SUMMARY

Wall St closed 1.9% lower, ahead of an imminent downgrade on banks by Moody’s. Weekly initial jobless claims rose to 387,000. Leading economic indicators rose 0.3%. Philadelphia’s Fed’s manufacturing index dipped 16.6%.
Dow of 12,573 is on a pullback support of 12,365. RSI of 48, is weakening.
DOLLAR INDEX is higher at 82.2. Resistance is at 83.1.
Crude oil is lower at USD77.8. Support is at 75.6.
Dollar yen is higher at 80.1 yen. Upside is at 80.6.
Euro/dollar is lower at 1.255. Support is at 1.232.
Gold is lower at USD1566. Upside is at 1740.
Shanghai closed lower at 2,260.
Singapore STI closed lower at 2,829.
Ringgit is weaker at 3.191. Downside is at 3.210.
S’pore ringgit is higher at 2.497. Upside is at 2.520.
Malaysian market closed lower 1601. On the Daily chart, it is targeting 1604. Pullback support is at 1586. RSI of 64, remainspositive. Today’s range is between 1593 and 1600.
CPO Aug futures is lower at RM3005. Upside is at 3211.
Trading : PARAMON ( 1724 : 1.78 ) : Targeting 2.00/Stop loss 1.70, MAYBULK, ( 5077 : 1.58 ) : Buy below 1.55/Stop loss 1.52

Source:Jupiter Securities Research 22 June 2012

Wednesday 20 June 2012

Technical stock picks table - 21 June 2012

Thursday, 21 June 2012

Stock code / Price Action : Date Stop loss Target Comment

TRC (5054/0.735) Buy: 10/5/2012, Sell:15/5/2012, 0.70 0.78,0.81 Consolidation breakout, Stop out at 0.70
PERISAI (0047/0.90) Buy: 10/5/2012, Sell:16/5/2012, 0.87 1.04,1.12 Consolidation breakout, Stop out at 0.87
CIMB (1023/7.64) Buy: 10/5/2012, Sell:14/5/2012, 7.54 8.16,8.28 Uptrend, oversold
Stop out at 7.54
MUHIBAH (5703/1.30) Buy: 10/5/2012, Sell:16/5/2012, 1.22 1.45,1.50 Technical rebound, oversold, Stop out at 1.22
MPHB (3859/2.95) Buy: 11/5/2012, Sell:16/5/2012, 2.80 3.20,3.49 Bullish Pennant or Flag, Stop out at 2.80
JAKS (4723/0.565) Buy: 11/5/2012, Sell:15/5/2012, 0.54 0.66,0.73 Technical rebound, oversold, Stop out at 0.54
AIRASIA (5099/3.65) Buy: 11/5/2012, Sell:15/5/2012, 3.50 4.04 Bullish Pennant or Flag, Stop out at 3.50
MUDAJYA (5085/2.75) Buy: 11/5/2012, Sell:14/5/2012, 2.63 2.90,2.98 Technical rebound, oversold, Stop out at 2.63
TM (4863/5.43) Buy: 14/5/2012, Sell:18/5/2012, 5.33 5.80 Uptrend, Stop out at 5.33
MEGB (5166/1.05) Buy: 14/5/2012, Sell:17/5/2012, 1.00 1.18 Technical rebound, oversold, Stop out at 1.00
LFECORP (7170/0.145) Buy: 14/5/2012, Sell:16/5/2012, 0.125 0.21 Consolidation breakout, Stop out at 0.125
DIALOG (7277/2.24) Buy: 14/5/2012, Sell:8/6/2012, 2.16 2.52 Technical rebound, oversold, Take profit at 2.39
CANONE (5105/2.10) Buy: 15/5/2012, Sell:20/6/2012, 2.00 2.42 Uptrend, Take profit at 2.34
DAYA (0091/0.21) Buy: 15/5/2012 0.18 0.28 Technical rebound, oversold
BJCORP (3395/0.765) Buy below 0.75:15/5/2012, 0.72 0.82 Due for a technical rebound
WINGTM (2976/1.70) Buy: 16/5/2012, Sell:22/5/2012, 1.62 1.94,2.06 Uptrend, Take profit at 2.00
GAMUDA (5398/3.56) Buy: 16/5/2012, Sell:16/5/2012, 3.46 3.90 Technical rebound, oversold, Stop out at 3.46
MITRA (9571/0.55) Buy: 17/5/2012 0.54 0.61 Double Bottom
KINSTEL (5060/0.43) Buy: 17/5/2012 0.40 0.50 Double Bottom
MBSB (1171/2.10) Buy below 2.00:17/5/2012, Sell: 4/6/2012, 1.83 2.38 Small downside, Take profit at 2.22

GENM (4715/3.58), Buy: 18/5/2012, Sell:30/5/2012, 3.50, 3.93-3.97, Technical rebound, oversold, Take profit at 3.83
MRCB (1651/1.58), Buy: 18/5/2012, Sell:20/6/2012, 1.46 1.82-1.90 Technical rebound, oversold, Take profit at 1.82
BIMB (5258/2.42), Buy: 18/5/2012, Sell:29/5/2012, 2.27 2.58 Technical rebound, oversold, Take profit at 2.60
MISC (3816/4.23), Buy: 21/5/2012, Sell: 4/6/2012, 4.00 4.60 Correction ended at 3.92, Stop out at 4.00
MFLOUR (3662/1.45), Buy: 22/5/2012 1.32, 5/6/2012:Stop loss, raised to 1.45, 1.70,1.82 Technical rebound, oversold
PERWAJA(5146/0.575), Buy: 22/5/2012 0.52 0.69 Technical rebound, oversold
PERDANA (7108/0.50), Buy: 22/5/2012, Sell:14/6/2012, 0.47 0.58,0.64 Technical rebound, oversold
Take profit at 0.59
CRESBLD (8591/1.08), Buy: 23/5/2012, Sell:25/5/2012, 1.04 1.30 Uprun, Stop out at 1.04
BSTEAD (2771/4.98), Buy: 23/5/2012, Sell:19/6/2012, 4.86 5.44,5.54 Technical rebound, oversold, Take profit at 5.44
TA (4898/0.54), Buy: 24/5/2012 0.51 0.62,0.72 RSI positive divergence
UNISEM (5005/1.28), Buy: 24/5/2012 1.22 1.44,1.49 Technical rebound, oversold
YTLLAND (2577/0.975), Buy below 0.96:24/5/2012, 0.93 1.12 Technical rebound, oversold
KNM (7164/0.76), Buy: 24/5/2012, Sell: 4/6/2012, 0.72 0.84,0.88 Technical rebound, oversold, Stop out at 0.72
CBIP (7076/2.54) Buy: 25/5/2012, Sell: 4/6/2012, 2.44 2.80 Technical rebound, oversold, Stop out at 2.44
KPSCB (9121/0.39), Buy: 25/5/2012 0.37 0.48 Technical rebound, oversold
BRAHIMS(9474/1.20), Buy: 25/5/2012, Sell:11/6/2012, 1.14 1.40 Technical rebound, oversold, Stop out at 1.13
DIGI (6947/3.95), Buy: 29/5/2012,Sell:20/6/2012, 3.89, 4.20 Technical rebound, oversold, Take profit at 4.20
PERMAJU (7080/0.84), Buy: 29/5/2012, Sell: 4/5/2012, 0.80 1.02 Double bottom, Stop out at 0.80
LEESK (8079/0.145), Buy: 30/5/2012 0.125 0.19 Technical rebound, oversold
SBCCORP (5207/0.93), Buy: 30/5/2012 0.86 1.00 Technical rebound, oversold
E&O (3417/1.43), Buy: 30/5/2012 1.38 1.53 Technical rebound, oversold
MAS (3786/1.17), Buy: 31/5/2012 1.08 1.30,1.40 Technical rebound, oversold
PUNCAK (6807/1.33), Buy: 31/5/2012 1.26 1.57 Consolidation breakout
YINSON (7293/2.00), Buy: 1/6/2012, Sell:11/6/2012, 1.90 2.20 Uptrend, Take profit at 2.14, L&G (3174/0.34), Buy: 1/6/2012, Sell:19/6/2012, 0.31 0.39,0.44 Trend breakout, Take profit at 0.39
COASTAL (5071/1.76), Buy: 1/6/2012, Sell:11/6/2012, 1.62 2.00 Technical rebound, oversold, Take profit at 1.91
TM (4863/5.39), Buy: 1/6/2012 5.30 5.70 Uptrend
TAGB (5158/0.275), Buy: 4/6/2012 0.26 0.34 Double bottom
BURSA (1818/6.05), Buy: 4/6/2012 5.85 6.40,6.60 Technical rebound, oversold
BINTAI (6998/0.375), Buy: 4/6/2012, Sell:11/6/2012, 0.34 0.46 Breakout, Take profit at 0.42
SMI (4375/0.21), Buy below 0.20:5/6/2012, 0.185 0.25 Correction completed
KLCCP (5089/3.95), Buy: 5/6/2012 3.84 4.22,4.34 Consolidation breakout
MPHB (3859/3.24), Buy: 6/6/2012, Sell:18/6/2012, 3.10, 14/6/2012:Stop loss, raised to 3.38, 3.50,3.64 Uptrend, Take profit at 3.38
TDM (2054/3.78) Buy: 6/6/2012, Sell:15/6/2012, 3.69 4.20 Technical rebound, oversold, Take profit at 4.55
LITRAK (6645/4.10), Buy: 6/6/2012 3.92 4.48 Uptrend
MAYBANK (1155/8.70) Buy: 7/6/2012 8.50 9.20 Oversold
UMW (4588/8.08) Buy: 7/6/2012, Sell:14/6/2012, 7.90, 14/6/2012:Stop loss, raised to 8.22, 8.40,8.60 Uptrend, Take profit at 8.44
BJTOTO (1562/4.31) Buy: 7/6/2012 4.20 4.70 Oversold
UEMLAND (5148/1.96) Buy: 8/6/2012 1.90 2.15,2.19 Oversold
FITTERS (9318/0.72) Buy: 8/6/2012 0.69 0.85 Double bottom
AIRASIA (5099/3.65) Buy: 11/6/2012 3.52 3.82,3.94 Rebound
SKPRES (7155/0.535) Buy: 11/6/2012 0.50 0.63 Consolidation breakout
CENSOF (5195/0.37) Buy: 12/6/2012, Sell:18/6/2012, 0.35 0.41 Oversold, Take profit at 0.41
FAVCO (7229/1.43) Buy: 13/6/2012 1.35 1.60 Oversold
FAJAR (7047/1.08) Buy: 13/6/2012, Sell:14/6/2012, 1.04 1.22 Technical rebound, Stop out at 1.04
MUHIBAH (5703/1.21) Buy:14/6/2012 1.18 1.34 Double bottom
ENG (8826/1.95) Buy:14/6/2012 1.91 2.20 Breakout
TRC (5054/0.67) Buy around 0.65:15/6/2012, 0.62 0.74 Double Bottom
SUPERMX (7106/1.96) Buy:18/6/2012 1.88 2.15 Positive technicals
OLDTOWN(5201/1.59) Buy:18/6/2012, Sell:19/6/2012, 1.51 1.74 Positive technicals, Take profit at 1.74
THPLANT (5112/2.29) Buy:19/6/2012 2.18 2.54 Oversold
MALTON (6181/0.57) Buy:19/6/2012 0.55 0.65 Technical rebound
AZRB (7078/0.775) Buy:21/6/2012 0.74 0.90,0.96 Technical rebound

Source:Jupiter Securities Research 21 June 2012

Stock Overview - MRCB - 21 June 2012

MRCB ( 1651 : 1.82 ) : Take profit

Description

Resistance : 1.82
Support : 1.69

RSI of 66
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 18/5/2012 buy at 1.58, we are recommending to take profit at 1.82, as it has hit our target of 1.82.

Technicals are also overbought indicating a limited upside

Trading Strategy
Take profit

Source:Jupiter Securities Research 21 June 2012

Stock Overview - DIGI - 21 June 2012

DIGI ( 6947 : 4.23 ) : Take profit

Description

Resistance : 4.23 4.32
Support : 2.25

RSI of 73
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 29/5/2012 buy at 3.95, we are recommending to take profit at 4.20, as it is has hit our target of 4.20

Trading Strategy
Take profit

Source:Jupiter Securities Research 21 June 2012

Stock Overview - CANONE - 21 June 2012

CANONE ( 5105 : 2.26 ) : Take profit

Description

Resistance : 2.42
Support : 2.25

RSI of 74
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 15/5/2012 buy at 2.10, we are recommending to take profit at 2.34, as it is approaching overbought indicating a limited upside

Trading Strategy
Take profit

Source:Jupiter Securities Research 21 June 2012

Stock Overview - AZRB - 21 June 2012

AZRB ( 7078 : 0.78 ) : Targeting 0.90/Stop loss 0.74

Description

Resistance : 0.90 0.96
Support : 0.74

RSI of 61
RSI is rising

STOCHASTIC
It is on an upswing

Comment
The current technical rebound is heading for 0.90, and possibly 0.96

Trading Strategy
Buy. Stop loss is at 0.74

Source:Jupiter Securities Research 21 June 2012

Daily Summary - 21 June 2012

YOUR MORNING COFFEE – Thursday 21/6/2012

SUMMARY

Wall St closed 0.1% lower, as the US Fed extended the current Operation Twist – a process of lengthening the bond maturity – to end of 2012. There is no aggressive bond buying policy. US Fed left rates unchanged. Oil price dipped on the news of higher weekly crude inventories, up 2.9 mln barrels.
Dow of 12,824 is heading higher to test a resistance at 13,100. RSI of 58, is on a positive divergence, indicating a technical rebound.
DOLLAR INDEX is higher at 81.5. Resistance is at 82.7.
Crude oil is lower at USD81.8. Upside is at 90.0.
Dollar yen is higher at 79.4 yen. Upside is at 80.6.
Euro/dollar is higher at 1.268. Resistance is at 1.283.
Gold is lower at USD1604. Upside is at 1740.
Shanghai closed lower at 2,292.
Singapore STI closed higher at 2,852.
Ringgit is weaker at 3.165. Downside is at 3.20.
S’pore ringgit is higher at 2.493. Upside is at 2.520.
Malaysian market closed higher 1604. On the Daily chart, it is targeting 1604. Pullback support is at 1586. RSI of 66, remains positive. Today’s range is between 1599 and 1609.
CPO Aug futures is higher at RM3035. Upside is at 3211.
Trading : CANONE ( 5105 : 2.34 ) : Take profit
MRCB ( 1651 : 1.79 ) : Take profit, AZRB ( 7078 : 0.77 ) : Targeting 0.90/Stop loss 0.74, DIGI ( 6947 : 4.23 ) : Take profit

Source:Jupiter Securities Research 21 June 2012

Tuesday 19 June 2012

Technical stock picks table - 20 June 2012

Wednesday, 20 June 2012

Stock code / Price Action : Date Stop loss Target Comment

TRC (5054/0.735) Buy: 10/5/2012, Sell:15/5/2012, 0.70 0.78,0.81 Consolidation breakout, Stop out at 0.70
PERISAI (0047/0.90) Buy: 10/5/2012, Sell:16/5/2012, 0.87 1.04,1.12 Consolidation breakout, Stop out at 0.87
CIMB (1023/7.64) Buy: 10/5/2012, Sell:14/5/2012, 7.54 8.16,8.28 Uptrend, oversold
Stop out at 7.54
MUHIBAH (5703/1.30) Buy: 10/5/2012, Sell:16/5/2012, 1.22 1.45,1.50 Technical rebound, oversold, Stop out at 1.22
MPHB (3859/2.95) Buy: 11/5/2012, Sell:16/5/2012, 2.80 3.20,3.49 Bullish Pennant or Flag, Stop out at 2.80
JAKS (4723/0.565) Buy: 11/5/2012, Sell:15/5/2012, 0.54 0.66,0.73 Technical rebound, oversold, Stop out at 0.54
AIRASIA (5099/3.65) Buy: 11/5/2012, Sell:15/5/2012, 3.50 4.04 Bullish Pennant or Flag, Stop out at 3.50
MUDAJYA (5085/2.75) Buy: 11/5/2012, Sell:14/5/2012, 2.63 2.90,2.98 Technical rebound, oversold, Stop out at 2.63
TM (4863/5.43) Buy: 14/5/2012, Sell:18/5/2012, 5.33 5.80 Uptrend, Stop out at 5.33
MEGB (5166/1.05) Buy: 14/5/2012, Sell:17/5/2012, 1.00 1.18 Technical rebound, oversold, Stop out at 1.00
LFECORP (7170/0.145) Buy: 14/5/2012, Sell:16/5/2012, 0.125 0.21 Consolidation breakout, Stop out at 0.125
DIALOG (7277/2.24) Buy: 14/5/2012, Sell:8/6/2012, 2.16 2.52 Technical rebound, oversold, Take profit at 2.39
CANONE (5105/2.10) Buy: 15/5/2012 2.00 2.42 Uptrend
DAYA (0091/0.21) Buy: 15/5/2012 0.18 0.28 Technical rebound, oversold
BJCORP (3395/0.765) Buy below 0.75:15/5/2012, 0.72 0.82 Due for a technical rebound
WINGTM (2976/1.70) Buy: 16/5/2012, Sell:22/5/2012, 1.62 1.94,2.06 Uptrend, Take profit at 2.00
GAMUDA (5398/3.56) Buy: 16/5/2012, Sell:16/5/2012, 3.46 3.90 Technical rebound, oversold, Stop out at 3.46
MITRA (9571/0.55) Buy: 17/5/2012 0.54 0.61 Double Bottom
KINSTEL (5060/0.43) Buy: 17/5/2012 0.40 0.50 Double Bottom
MBSB (1171/2.10) Buy below 2.00:17/5/2012, Sell: 4/6/2012, 1.83 2.38 Small downside, Take profit at 2.22
GENM (4715/3.58), Buy: 18/5/2012, Sell:30/5/2012, 3.50, 3.93-3.97, Technical rebound, oversold, Take profit at 3.83
MRCB (1651/1.58), Buy: 18/5/2012 1.46 1.82-1.90 Technical rebound, oversold
BIMB (5258/2.42), Buy: 18/5/2012, Sell:29/5/2012, 2.27 2.58 Technical rebound, oversold, Take profit at 2.60
MISC (3816/4.23), Buy: 21/5/2012, Sell: 4/6/2012, 4.00 4.60 Correction ended at 3.92, Stop out at 4.00
MFLOUR (3662/1.45), Buy: 22/5/2012 1.32, 5/6/2012:Stop loss, raised to 1.45, 1.70,1.82 Technical rebound, oversold
PERWAJA(5146/0.575), Buy: 22/5/2012 0.52 0.69 Technical rebound, oversold
PERDANA (7108/0.50), Buy: 22/5/2012, Sell:14/6/2012, 0.47 0.58,0.64 Technical rebound, oversold, Take profit at 0.59
CRESBLD (8591/1.08), Buy: 23/5/2012, Sell:25/5/2012, 1.04 1.30 Uprun, Stop out at 1.04
BSTEAD (2771/4.98), Buy: 23/5/2012, Sell:19/6/2012, 4.86 5.44,5.54 Technical rebound, oversold, Take profit at 5.44
TA (4898/0.54), Buy: 24/5/2012 0.51 0.62,0.72 RSI positive divergence
UNISEM (5005/1.28)
Buy: 24/5/2012 1.22 1.44,1.49 Technical rebound, oversold
YTLLAND (2577/0.975), Buy below 0.96:24/5/2012, 0.93 1.12 Technical rebound, oversold
KNM (7164/0.76), Buy: 24/5/2012, Sell: 4/6/2012, 0.72 0.84,0.88 Technical rebound, oversold, Stop out at 0.72
CBIP (7076/2.54) Buy: 25/5/2012, Sell: 4/6/2012, 2.44 2.80 Technical rebound, oversold, Stop out at 2.44
KPSCB (9121/0.39), Buy: 25/5/2012 0.37 0.48 Technical rebound, oversold
BRAHIMS(9474/1.20), Buy: 25/5/2012, Sell:11/6/2012, 1.14 1.40 Technical rebound, oversold, Stop out at 1.13
DIGI (6947/3.95), Buy: 29/5/2012 3.89, 4.20 Technical rebound, oversold
PERMAJU (7080/0.84), Buy: 29/5/2012, Sell: 4/5/2012, 0.80 1.02 Double bottom, Stop out at 0.80
LEESK (8079/0.145), Buy: 30/5/2012 0.125 0.19 Technical rebound, oversold
SBCCORP (5207/0.93), Buy: 30/5/2012 0.86 1.00 Technical rebound, oversold
E&O (3417/1.43), Buy: 30/5/2012 1.38 1.53 Technical rebound, oversold
MAS (3786/1.17), Buy: 31/5/2012 1.08 1.30,1.40 Technical rebound, oversold
PUNCAK (6807/1.33), Buy: 31/5/2012 1.26 1.57 Consolidation breakout
YINSON (7293/2.00)
Buy: 1/6/2012, Sell:11/6/2012, 1.90 2.20 Uptrend, Take profit at 2.14
L&G (3174/0.34), Buy: 1/6/2012, Sell:19/6/2012, 0.31 0.39,0.44 Trend breakout, Take profit at 0.39
COASTAL (5071/1.76), Buy: 1/6/2012, Sell:11/6/2012, 1.62 2.00 Technical rebound, oversold, Take profit at 1.91
TM (4863/5.39), Buy: 1/6/2012 5.30 5.70 Uptrend
TAGB (5158/0.275), Buy: 4/6/2012 0.26 0.34 Double bottom
BURSA (1818/6.05), Buy: 4/6/2012 5.85 6.40,6.60 Technical rebound, oversold
BINTAI (6998/0.375), Buy: 4/6/2012, Sell:11/6/2012, 0.34 0.46 Breakout, Take profit at 0.42
SMI (4375/0.21), Buy below 0.20:5/6/2012, 0.185 0.25 Correction completed
KLCCP (5089/3.95), Buy: 5/6/2012 3.84 4.22,4.34 Consolidation breakout
MPHB (3859/3.24), Buy: 6/6/2012, Sell:18/6/2012, 3.10, 14/6/2012:Stop loss, raised to 3.38, 3.50,3.64 Uptrend, Take profit at 3.38
TDM (2054/3.78) Buy: 6/6/2012, Sell:15/6/2012
3.69 4.20 Technical rebound, oversold, Take profit at 4.55
LITRAK (6645/4.10), Buy: 6/6/2012 3.92 4.48 Uptrend
MAYBANK (1155/8.70) Buy: 7/6/2012 8.50 9.20 Oversold
UMW (4588/8.08) Buy: 7/6/2012, Sell:14/6/2012, 7.90
14/6/2012:Stop loss, raised to 8.22, 8.40,8.60 Uptrend, Take profit at 8.44
BJTOTO (1562/4.31) Buy: 7/6/2012 4.20 4.70 Oversold
UEMLAND (5148/1.96) Buy: 8/6/2012 1.90 2.15,2.19 Oversold
FITTERS (9318/0.72) Buy: 8/6/2012 0.69 0.85 Double bottom
AIRASIA (5099/3.65) Buy: 11/6/2012 3.52 3.82,3.94 Rebound
SKPRES (7155/0.535) Buy: 11/6/2012 0.50 0.63 Consolidation breakout
CENSOF (5195/0.37) Buy: 12/6/2012, Sell:18/6/2012, 0.35 0.41 Oversold, Take profit at 0.41
FAVCO (7229/1.43) Buy: 13/6/2012 1.35 1.60 Oversold
FAJAR (7047/1.08) Buy: 13/6/2012, Sell:14/6/2012
1.04 1.22 Technical rebound, Stop out at 1.04
MUHIBAH (5703/1.21) Buy:14/6/2012 1.18 1.34 Double bottom
ENG (8826/1.95) Buy:14/6/2012 1.91 2.20 Breakout
TRC (5054/0.67) Buy around 0.65:15/6/2012, 0.62 0.74 Double Bottom
SUPERMX (7106/1.96) Buy:18/6/2012 1.88 2.15 Positive technicals
OLDTOWN(5201/1.59) Buy:18/6/2012, Sell:19/6/2012, 1.51 1.74 Positive technicals, Take profit at 1.74
THPLANT (5112/2.29) Buy:19/6/2012 2.18 2.54 Oversold
MALTON (6181/0.57) Buy:19/6/2012 0.55 0.65 Technical rebound

Source:Jupiter Securities Research 20 June 2012

OLDTOWN ( 5201 : 1.71 ) : Take profit

Description

Resistance : 1.77
Support : 1.60

RSI of 69
RSI turning down

STOCHASTIC
It is overbought

Comment
On the 18/6/2012 buy at 1.59, we are recommending to take profit as it has hit our target of 1.74. It is also approaching overbought indicating a limited upside

Trading Strategy
Take profit

Source:Jupiter Securities Research 20 June 2012

Stock Overview - OLDTOWN - 20 June 2012

Stock Overview - L&G - 20 June 2012

L&G ( 3174 : 0.39 ) : Take profit

Description

Resistance : 0.40
Support : 0.35

RSI of 70
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 1/6/2012 buy at 0.34, we are recommending to take profit as it has hit our target of 0.39. It is also approaching overbought indicating a limited upside

Trading Strategy
Take profit

Source:Jupiter Securities Research 20 June 2012

Stock Overview - BSTEAD - 20 June 2012

BSTEAD ( 2771 : 5.37 ) : Take profit

Description

Resistance : 5.46 5.54
Support : 5.30

RSI of 67
RSI is rising

STOCHASTIC
It is on an upswing

Comment
On the 23/5/2012 buy at 4.98, we are recommending to take profit as it has hit our target of 5.44

Trading Strategy
Take profit

Source:Jupiter Securities Research 20 June 2012

Stock Overview - BSTEAD - 20 June 2012

Daily Summary - 20 June 2012

YOUR MORNING COFFEE – Wednesday 20/6/2012

SUMMARY

Wall St closed 0.7 higher on expectation of US Fed Wednesday announcing some stimulus measures. In Greece, the pro-bailout parties, New Democracy and Pasok parties, led the election. Building permits rose at an annual rate of 780,000, the fastest pace since Sept 2008.
Dow of 12,837 is heading higher to test a resistance at 13,100. RSI of 59, is on a positive divergence, indicating a technical rebound.
DOLLAR INDEX is lower at 81.4. Resistance is at 82.7.
Crude oil is higher at USD84.0. Upside is at 90.0.
Dollar yen is higher at 79.1 yen. Upside is at 80.6.
Euro/dollar is higher at 1.268. Resistance is at 1.283.
Gold is lower at USD1620. Upside is at 1740.
Shanghai closed lower at 2,300.
Singapore STI closed higher at 2,840.
Ringgit is firmer at 3.150. Downside is at 3.238.
S’pore ringgit is higher at 2.489. Upside is at 2.520.
Malaysian market closed higher 1594. On the Daily chart, it is targeting 1604. Pullback support is at 1586. RSI of 62, remains positive. Today’s range is between 1590 and 1600.
CPO Aug futures is higher at RM2915. Downside is at 2770.
Trading : OLDTOWN ( 5201 : 1.71 ) : Take profit L&G ( 3174 : 0.39 ) : Take profit, BSTEAD ( 2771 : 5.37 ) : Take profit

Source:Jupiter Securities Research 20 June 2012

Monday 18 June 2012

Technical stock picks table - 19 June 2012

Tuesday, 19 June 2012

Stock code / Price Action : Date Stop loss Target Comment

TRC (5054/0.735) Buy: 10/5/2012, Sell:15/5/2012, 0.70 0.78,0.81 Consolidation breakout, Stop out at 0.70
PERISAI (0047/0.90) Buy: 10/5/2012, Sell:16/5/2012, 0.87 1.04,1.12 Consolidation breakout, Stop out at 0.87
CIMB (1023/7.64) Buy: 10/5/2012, Sell:14/5/2012, 7.54 8.16,8.28 Uptrend, oversold
Stop out at 7.54
MUHIBAH (5703/1.30) Buy: 10/5/2012, Sell:16/5/2012, 1.22 1.45,1.50 Technical rebound, oversold, Stop out at 1.22
MPHB (3859/2.95) Buy: 11/5/2012, Sell:16/5/2012, 2.80 3.20,3.49 Bullish Pennant or Flag, Stop out at 2.80
JAKS (4723/0.565) Buy: 11/5/2012, Sell:15/5/2012, 0.54 0.66,0.73 Technical rebound, oversold, Stop out at 0.54
AIRASIA (5099/3.65) Buy: 11/5/2012, Sell:15/5/2012, 3.50 4.04 Bullish Pennant or Flag, Stop out at 3.50
MUDAJYA (5085/2.75) Buy: 11/5/2012, Sell:14/5/2012, 2.63 2.90,2.98 Technical rebound, oversold, Stop out at 2.63
TM (4863/5.43) Buy: 14/5/2012, Sell:18/5/2012, 5.33 5.80 Uptrend, Stop out at 5.33
MEGB (5166/1.05) Buy: 14/5/2012, Sell:17/5/2012, 1.00 1.18 Technical rebound,oversold, Stop out at 1.00
LFECORP (7170/0.145) Buy: 14/5/2012, Sell:16/5/2012, 0.125 0.21 Consolidation breakout, Stop out at 0.125
DIALOG (7277/2.24) Buy: 14/5/2012, Sell:8/6/2012, 2.16 2.52 Technical rebound, oversold, Take profit at 2.39
CANONE (5105/2.10) Buy: 15/5/2012 2.00 2.42 Uptrend
DAYA (0091/0.21) Buy: 15/5/2012 0.18 0.28 Technical rebound, oversold
BJCORP (3395/0.765) Buy below 0.75:15/5/2012, 0.72 0.82 Due for a technical rebound
WINGTM (2976/1.70) Buy: 16/5/2012, Sell:22/5/2012, 1.62 1.94,2.06 Uptrend, Take profit at 2.00
GAMUDA (5398/3.56) Buy: 16/5/2012, Sell:16/5/2012, 3.46 3.90 Technical rebound, oversold, Stop out at 3.46
MITRA (9571/0.55) Buy: 17/5/2012 0.54 0.61 Double Bottom
KINSTEL (5060/0.43) Buy: 17/5/2012 0.40 0.50 Double Bottom
MBSB (1171/2.10) Buy below 2.00:17/5/2012, Sell: 4/6/2012, 1.83 2.38 Small downside, Take profit at 2.22

GENM (4715/3.58), Buy: 18/5/2012, Sell:30/5/2012, 3.50, 3.93-3.97, Technical, rebound, oversold, Take profit at 3.83
MRCB (1651/1.58), Buy: 18/5/2012 1.46 1.82-1.90 Technical rebound, oversold
BIMB (5258/2.42), Buy: 18/5/2012, Sell:29/5/2012, 2.27 2.58 Technical rebound, oversold, Take profit at 2.60
MISC (3816/4.23), Buy: 21/5/2012, Sell: 4/6/2012, 4.00 4.60 Correction ended at 3.92, Stop out at 4.00
MFLOUR (3662/1.45), Buy: 22/5/2012 1.32, 5/6/2012:Stop loss, raised to 1.45, 1.70,1.82 Technical rebound, oversold
PERWAJA(5146/0.575), Buy: 22/5/2012 0.52 0.69 Technical rebound, oversold
PERDANA (7108/0.50), Buy: 22/5/2012, Sell:14/6/2012, 0.47 0.58,0.64 Technical rebound, oversold, Take profit at 0.59
CRESBLD (8591/1.08), Buy: 23/5/2012, Sell:25/5/2012, 1.04 1.30 Uprun, Stop out at 1.04
BSTEAD (2771/4.98), Buy: 23/5/2012 4.86 5.44,5.54 Technical rebound, oversold
TA (4898/0.54), Buy: 24/5/2012 0.51 0.62,0.72 RSI positive divergence
UNISEM (5005/1.28), Buy: 24/5/2012 1.22 1.44,1.49 Technical rebound, oversold
YTLLAND (2577/0.975), Buy below 0.96:24/5/2012
0.93 1.12 Technical rebound, oversold
KNM (7164/0.76), Buy: 24/5/2012, Sell: 4/6/2012
0.72 0.84,0.88 Technical rebound, oversold, Stop out at 0.72
CBIP (7076/2.54) Buy: 25/5/2012, Sell: 4/6/2012, 2.44 2.80 Technical rebound, oversold, Stop out at 2.44
KPSCB (9121/0.39), Buy: 25/5/2012 0.37 0.48 Technical rebound, oversold
BRAHIMS, (9474/1.20), Buy: 25/5/2012, Sell:11/6/2012, 1.14 1.40 Technical rebound, oversold, Stop out at 1.13, DIGI (6947/3.95), Buy: 29/5/2012 3.89
4.20 Technical rebound, oversold
PERMAJU (7080/0.84), Buy: 29/5/2012, Sell: 4/5/2012, 0.80 1.02 Double bottom
Stop out at 0.80
LEESK (8079/0.145), Buy: 30/5/2012 0.125 0.19 Technical rebound, oversold
SBCCORP (5207/0.93), Buy: 30/5/2012 0.86 1.00 Technical rebound, oversold
E&O (3417/1.43), Buy: 30/5/2012 1.38 1.53 Technical rebound, oversold
MAS (3786/1.17), Buy: 31/5/2012 1.08 1.30,1.40 Technical rebound, oversold
PUNCAK (6807/1.33), Buy: 31/5/2012 1.26 1.57 Consolidation breakout
YINSON (7293/2.00), Buy: 1/6/2012, Sell:11/6/2012, 1.90 2.20 Uptrend, Take profit at 2.14
L&G (3174/0.34), Buy: 1/6/2012 0.31 0.39,0.44 Trend breakout
COASTAL (5071/1.76), Buy: 1/6/2012, Sell:11/6/2012, 1.62 2.00 Technical rebound, oversold, Take profit at 1.91
TM (4863/5.39), Buy: 1/6/2012 5.30 5.70 Uptrend
TAGB (5158/0.275), Buy: 4/6/2012 0.26 0.34 Double bottom
BURSA (1818/6.05), Buy: 4/6/2012 5.85 6.40,6.60 Technical rebound, oversold
BINTAI (6998/0.375), Buy: 4/6/2012, Sell:11/6/2012, 0.34 0.46 Breakout, Take profit at 0.42
SMI (4375/0.21), Buy below 0.20:5/6/2012, 0.185 0.25 Correction completed
KLCCP (5089/3.95), Buy: 5/6/2012 3.84 4.22,4.34 Consolidation breakout
MPHB (3859/3.24), Buy: 6/6/2012, Sell:18/6/2012, 3.10, 14/6/2012:Stop loss, raised to 3.38, 3.50,3.64 Uptrend, Take profit at 3.38
TDM (2054/3.78) Buy: 6/6/2012, Sell:15/6/2012, 3.69 4.20 Technical rebound, oversold, Take profit at 4.55
LITRAK (6645/4.10), Buy: 6/6/2012 3.92 4.48 Uptrend
MAYBANK (1155/8.70) Buy: 7/6/2012 8.50 9.20 Oversold
UMW (4588/8.08) Buy: 7/6/2012, Sell:14/6/2012, 7.90, 14/6/2012:Stop loss, raised to 8.22, 8.40,8.60 Uptrend, Take profit at 8.44
BJTOTO (1562/4.31) Buy: 7/6/2012 4.20 4.70 Oversold
UEMLAND (5148/1.96) Buy: 8/6/2012 1.90 2.15,2.19 Oversold
FITTERS (9318/0.72) Buy: 8/6/2012 0.69 0.85 Double bottom
AIRASIA (5099/3.65) Buy: 11/6/2012 3.52 3.82,3.94 Rebound
SKPRES (7155/0.535) Buy: 11/6/2012 0.50 0.63 Consolidation breakout
CENSOF (5195/0.37) Buy: 12/6/2012, Sell:18/6/2012, 0.35 0.41 Oversold, Take profit at 0.41
FAVCO (7229/1.43) Buy: 13/6/2012 1.35 1.60 Oversold
FAJAR (7047/1.08) Buy: 13/6/2012, Sell:14/6/2012, 1.04 1.22 Technical rebound
Stop out at 1.04
MUHIBAH (5703/1.21) Buy:14/6/2012 1.18 1.34 Double bottom
ENG (8826/1.95) Buy:14/6/2012 1.91 2.20 Breakout
TRC (5054/0.67) Buy around 0.65:15/6/2012, 0.62 0.74 Double Bottom
SUPERMX (7106/1.96) Buy:18/6/2012 1.88 2.15 Positive technicals
OLDTOWN(5201/1.59) Buy:18/6/2012 1.51 1.74 Positive technicals
THPLANT (5112/2.29) Buy:19/6/2012 2.18 2.54 Oversold
MALTON (6181/0.57) Buy:19/6/2012 0.55 0.65 Technical rebound

Source:Jupiter Securities Research 19 June 2012