Stock Overview - TWSCORP - 11 Sep 2012

TWSCORP ( 4804 : 0.77 ) : Targeting 0.89/Stop loss 0.74

Description

Resistance : 0.85 0.89
Support : 0.74

RSI of 54
RSI is rising

STOCHASTIC
It is on an upswing

Comment
The current rise from the lower boundary, is heading for 0.89

Trading Strategy
Buy. Stop loss is at 0.74

Source:Jupiter Securities Research 11 September 2012

Stock Overview - ITRONIC - 11 Sep 2012

ITRONIC ( 9393 : 0.74 ) : Targeting 0.85/Stop loss 0.715

Description

Resistance : 0.85
Support : 0.715

RSI of 64
RSI is rising

STOCHASTIC
It is oversold, and due for a rebound

Comment
It has completed its correction at 0.695, and is heading for 0.85

Trading Strategy
Buy. Stop loss is at 0.715

Source:Jupiter Securities Research 11 September 2012

Stock Overview - MISC - 11 Sep 2012

MISC ( 3816 : 4.20 ) : Targeting 4.50/Stop loss 4.00

Description

Resistance : 4.50
Support : 4.00

RSI of 38
RSI is on a base forming

STOCHASTIC
It is oversold, and turning upwards

Comment
With oversold technicals, the downside is limited

Trading Strategy
Buy. Stop loss is at 4.00

Source:Jupiter Securities Research 11 September 2012

Daily Summary - 11 Sep 2012

YOUR MORNING COFFEE – Tuesday 11/9/2012

SUMMARY

• Wall St closed 0.4% lower ahead of a decision by the German Constitutional court Wednesday which could impact on the ECB’s plans to preserve the euro. Then there is the bet on QE3 or quantitative easing move by US Fed Thursday.
• Dow of 13,254, is on a technical rebound. Resistance is at 13,338. RSI of 58, is steady.
• DOLLAR INDEX is higher at 80.4. Support is at 79.9.
• Crude oil is higher at USD96.5. Resistance is at 100.0.
• Dollar yen is lower at 78.2 yen. Support is at 77.4.
• Euro/dollar is higher at 1.277. Upside is at 1.300.
• Gold is lower at USD1728. Resistance is at 1790.
• Shanghai closed higher at 2,134.
• Singapore STI closed higher at 3,012.
• Ringgit is weaker at 3.106. Downside is at 3.210.
• S’pore ringgit is higher at 2.510. Upside is at 2.540.
• Malaysian market closed lower at 1621. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1612. RSI of 35, is up. Today’s range is between 1618 and 1630.
• CPO Nov futures is higher at RM2927. Resistance is at 3270.
• Trading : ITRONIC ( 9393 : 0.74 ) : Targeting 0.85/Stop loss 0.715, TWSCORP ( 4804 : 0.77 ) : Targeting 0.89/Stop loss 0.74, MISC ( 3816 : 4.20 ) : Targeting 4.50/Stop loss 4.00

Source:Jupiter Securities Research 11 September 2012

Stock Overview - IJMLAND - 10 Sept 2012

IJMLAND ( 5215 : 2.31 ) : Targeting 2.54/Stop loss 2.22

Description

Resistance : 2.54
Support : 2.22

RSI of 37
RSI is neutral

STOCHASTIC
It is oversold, and due for a rebound

Comment
Following the recent sell down, the downside is limited

Trading Strategy
Buy. Stop loss is at 2.22

Source:Jupiter Securities Research 10 September 2012

Stock Overview - MPHB- 10 Sept 2012

MPHB ( 3859 : 3.64 ) : Targeting 3.82/Stop loss 3.52

Description

Resistance : 3.82
Support : 3.58

RSI of 47
RSI is neutral

STOCHASTIC
It is oversold, and due for a rebound

Comment
Following the recent sell down, it is due for a technical rebound

Trading Strategy
Buy. Stop loss is at 3.52

Source:Jupiter Securities Research 10 September 2012

Stock Overview - MYEG - 10 Sept 2012

MYEG ( 0138 : 0.78 ) : Targeting 0.86/Stop loss 0.75

Description

Resistance : 0.86 0.96
Support : 0.75

RSI of 54
RSI is neutral

STOCHASTIC
It is oversold, and due for a rebound

Comment
It has bottomed out at 0.74, on the positive Island reversal chart pattern

Trading Strategy
Buy. Stop loss is at 0.75


Source:Jupiter Securities Research 10 September 2012