KUCHAI ( 2186 : 1.06 ) : Targeting 1.27/Stop loss 0.98
Description
Resistance : 1.27
Support : 0.98
RSI of 80
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
Following the consolidation breakout, it is heading for 1.27
Trading Strategy
Buy. Stop loss is at 0.98
Source:Jupiter Securities Research, 9 October 2012
Monday, 8 October 2012
Stock Overview - KLCCP - 9 Oct 2012
KLCCP ( 5089 : 6.16 ) : Targeting 6.52/Stop loss 6.04
Description
Resistance : 6.52
Support : 6.04
RSI of 72
RSI is overbought
STOCHASTIC
It is overbought
Comment
The current upmove is heading for 6.52
Trading Strategy
Buy. Stop loss is at 6.04
Source:Jupiter Securities Research, 9 October 2012
Description
Resistance : 6.52
Support : 6.04
RSI of 72
RSI is overbought
STOCHASTIC
It is overbought
Comment
The current upmove is heading for 6.52
Trading Strategy
Buy. Stop loss is at 6.04
Source:Jupiter Securities Research, 9 October 2012
Stock Overview - CIMB - 9 Oct 2012
CIMB ( 1023 : 7.76 ) : Targeting 8.20/Stop loss 7.64
Description
Resistance : 8.30
Support : 7.64
RSI of 58
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current rebound is heading for 8.20
Trading Strategy
Buy. Stop loss is at 7.64
Source:Jupiter Securities Research, 9 October 2012
Description
Resistance : 8.30
Support : 7.64
RSI of 58
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current rebound is heading for 8.20
Trading Strategy
Buy. Stop loss is at 7.64
Source:Jupiter Securities Research, 9 October 2012
Daily Summary - 9 Oct 2012
YOUR MORNING COFFEE – Tuesday 9/10/2012
Source:Jupiter Securities Research, 9 October 2012
SUMMARY
- Wall St closed 0.2% lower, on worries over slowing growth. World Bank lowered Asia growth to 7.2% this year, and possibly 5% next year. Market is cautious ahead of the earnings results season starting this week.
- Dow of 13,583, is stabilising. Support is at 13,360. RSI of 61, is rebounding.
- DOLLAR INDEX is higher at 79.5. Support is at 78.7.
- Crude oil is lower at USD89.3. Resistance is at 96.0.
- Dollar yen is lower at 78.3 yen. Support is at 77.6.
- Euro/dollar is lower at 1.298. Resistance is at 1.329.
- Gold is lower at USD1777. Resistance is at 1900.
- Shanghai closed lower at 2,074.
- Singapore STI closed lower at 3,074.
- Ringgit is weaker at 3.065. Downside is at 3.09.
- S’pore ringgit is higher at 2.494. Upside is at 2.540.
- Malaysian market closed lower at 1660. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1638. RSI of 63, is on a buy divergence. Today’s range is between 1656 and 1666.
- CPO Dec futures is lower at RM2392. Support is at 2330.
- Trading : KUCHAI ( 2186 : 1.06 ) : Targeting 1.27/Stop loss 0.98, CIMB ( 1023 : 7.76 ) : Targeting 8.20/Stop loss 7.64, KLCCP ( 5089 : 6.16 ) : Targeting 6.52/Stop loss 6.04
Source:Jupiter Securities Research, 9 October 2012
Morning Coffee - 8 Oct 2012
MARKET ROUNDUP (Source Bloomberg)
U.S. Stocks Erase Gains as Optimism Over Jobs Data Fades; as optimism about an unexpected drop in the American unemployment rate faded and Apple Inc. shares slumped. The Standard & Poor’s 500 Index fell less than 0.1 percent to 1,460.93 at 4 p.m. in New York, after climbing as much as 0.7 percent. The index rose 1.4 percent this week. The Dow Jones Industrial Average added 34.79 points, or 0.3 percent, to 13,610.15, the highest level since December 2007. Volume for exchange-listed stocks in the U.S. was 5.7 billion shares, or 4.6 percent below the three-month average.
European Stocks Post Weekly Advance on U.S. Jobless Rate; as the U.S. unemployment rate dropped to the lowest level since January 2009 and stress tests bolstered confidence in the Spanish banking system. Germany’s DAX index added 2.5 percent, the U.K.’s FTSE 100 gained 2.3 percent and France’s CAC 40 increased 3.1 percent.
Oil Caps Third Weekly Drop on Supply; as signals that supply is exceeding demand outweighed an unexpected decline in the unemployment rate. Crude oil for November delivery fell $1.83, or 2 percent, to settle at $89.88 a barrel on the New York Mercantile Exchange. Prices declined 2.5 percent this week.
CORPORATE
Sarawak Hidro set to commission turbines; is expected to commission the remaining four of the eight turbines at Bakun hydroelectric dam in second half-2013 to ramp up full-power generation capacity. Sarawak Hidro, developer of the RM7.3bil Bakun dam, sells hydro power to SEB's wholly-owned Syarikat SESCO Sdn Bhd for 6.25sen per kilowatt hour (kWh) with an annual hike rate of 1.5% for 30 years from 2011.
WCT announces internal reorganisation proposals; The company had proposed the exchange of the securities of WCTB with securities in a new investment holding company, WCT Holdings Sdn Bhd, which would be converted into a public limited company and to be named as WCT Holdings Bhd (WCTH).This would involve the one-for-one exchange of the entire issued and paid-up ordinary shares of 50 sen each in WCTB for ordinary shares of 50 sen each (after the share split) in WCTH, it said in a statement to Bursa Malaysia.
StarbIz
AirAsia keeps option open on KLIA2 switch; remains coy about a move to KLIA2, the new LCC terminal due to be completed in seven months. AirAsia Malaysia chief executive officer Aireen Omar said the decision will be based on whether the new airport is safe and functional and can facilitate the carrier's low-cost operation.
Malaysia investing heavily in healthcare; In 2013 Budget, the government will allocate RM20 million to establish 70 new 1Malaysia clinics next year. KPJ is a leading healthcare service provider in Malaysia, operating the country's largest network of 22 private specialist hospitals. It also has a presence in Indonesia with two hospitals in Jakarta and a retirement and aged-care resort called Jeta Gardens in Brisbane, Australia.
Btimes
Source:Jupiter Securities Research, 09 October 2012
U.S. Stocks Erase Gains as Optimism Over Jobs Data Fades; as optimism about an unexpected drop in the American unemployment rate faded and Apple Inc. shares slumped. The Standard & Poor’s 500 Index fell less than 0.1 percent to 1,460.93 at 4 p.m. in New York, after climbing as much as 0.7 percent. The index rose 1.4 percent this week. The Dow Jones Industrial Average added 34.79 points, or 0.3 percent, to 13,610.15, the highest level since December 2007. Volume for exchange-listed stocks in the U.S. was 5.7 billion shares, or 4.6 percent below the three-month average.
European Stocks Post Weekly Advance on U.S. Jobless Rate; as the U.S. unemployment rate dropped to the lowest level since January 2009 and stress tests bolstered confidence in the Spanish banking system. Germany’s DAX index added 2.5 percent, the U.K.’s FTSE 100 gained 2.3 percent and France’s CAC 40 increased 3.1 percent.
Oil Caps Third Weekly Drop on Supply; as signals that supply is exceeding demand outweighed an unexpected decline in the unemployment rate. Crude oil for November delivery fell $1.83, or 2 percent, to settle at $89.88 a barrel on the New York Mercantile Exchange. Prices declined 2.5 percent this week.
CORPORATE
Sarawak Hidro set to commission turbines; is expected to commission the remaining four of the eight turbines at Bakun hydroelectric dam in second half-2013 to ramp up full-power generation capacity. Sarawak Hidro, developer of the RM7.3bil Bakun dam, sells hydro power to SEB's wholly-owned Syarikat SESCO Sdn Bhd for 6.25sen per kilowatt hour (kWh) with an annual hike rate of 1.5% for 30 years from 2011.
WCT announces internal reorganisation proposals; The company had proposed the exchange of the securities of WCTB with securities in a new investment holding company, WCT Holdings Sdn Bhd, which would be converted into a public limited company and to be named as WCT Holdings Bhd (WCTH).This would involve the one-for-one exchange of the entire issued and paid-up ordinary shares of 50 sen each in WCTB for ordinary shares of 50 sen each (after the share split) in WCTH, it said in a statement to Bursa Malaysia.
StarbIz
AirAsia keeps option open on KLIA2 switch; remains coy about a move to KLIA2, the new LCC terminal due to be completed in seven months. AirAsia Malaysia chief executive officer Aireen Omar said the decision will be based on whether the new airport is safe and functional and can facilitate the carrier's low-cost operation.
Malaysia investing heavily in healthcare; In 2013 Budget, the government will allocate RM20 million to establish 70 new 1Malaysia clinics next year. KPJ is a leading healthcare service provider in Malaysia, operating the country's largest network of 22 private specialist hospitals. It also has a presence in Indonesia with two hospitals in Jakarta and a retirement and aged-care resort called Jeta Gardens in Brisbane, Australia.
Btimes
Source:Jupiter Securities Research, 09 October 2012
Sunday, 7 October 2012
Stock Overview - IJM - 8 Oct 2012
IJM ( 3336 : 4.96 ) : Take profit
Description
Resistance : 5.05
Support : 4.88
RSI of 48
RSI is on the rise
STOCHASTIC
It is overbought
Comment
On the 28/9/2012 buy call at 4.73, we are recommending to take profit as technicals are approaching overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research 08 October 2012
Description
Resistance : 5.05
Support : 4.88
RSI of 48
RSI is on the rise
STOCHASTIC
It is overbought
Comment
On the 28/9/2012 buy call at 4.73, we are recommending to take profit as technicals are approaching overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research 08 October 2012
Stock Overview - GOLSTA - 8 Oct 2012
GOLSTA ( 7105 : 0.90 ) : Take profit
Description
Resistance : 1.04
Support : 0.85
RSI of 85
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the 5/10/2012 buy call at 0.75, as it has gone above the 0.89 target, we are recommending to take profit due to the overbought technicals
Trading Strategy
Take profit
Source:Jupiter Securities Research 08 October 2012
Description
Resistance : 1.04
Support : 0.85
RSI of 85
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the 5/10/2012 buy call at 0.75, as it has gone above the 0.89 target, we are recommending to take profit due to the overbought technicals
Trading Strategy
Take profit
Source:Jupiter Securities Research 08 October 2012
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