KNM ( 7164 : 0.71 ) : Take profit
Description
Resistance : 0.76
Support : 0.68
RSI of 61
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
On the 7/9/2012 buy call at 0.66, we are recommending to take profit
Trading Strategy
Take profit
Source:Jupiter Securities Research 08 October 2012
Sunday, 7 October 2012
Stock Overview - LATEXX - 8 Oct 2012
LATEXX ( 7064 : 1.79 ) : Take profit
Description
Resistance : 1.84
Support : 1.72
RSI of 68
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the 19/9/2012 buy call at 1.63, we are recommending to take profit due to the overbought technicals
Trading Strategy
Take profit
Source:Jupiter Securities Research 08 October 2012
Description
Resistance : 1.84
Support : 1.72
RSI of 68
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the 19/9/2012 buy call at 1.63, we are recommending to take profit due to the overbought technicals
Trading Strategy
Take profit
Source:Jupiter Securities Research 08 October 2012
Daily Summary - 8 Oct 2012
YOUR MORNING COFFEE – Monday 8/10/2012
SUMMARY
SUMMARY
- Wall St closed 0.25% higher, following a better than expected job data. In September, 114,000 jobs were added. Unemployment dipped to 7.8%.
- Dow of 13,610, is stabilising. Support is at 13,360. RSI of 64, is
- rebounding.
- DOLLAR INDEX is lower at 79.4. Support is at 78.7.
- Crude oil is lower at USD89.9. Resistance is at 96.0.
- Dollar yen is higher at 78.7 yen. Support is at 77.6.
- Euro/dollar is higher at 1.301. Resistance is at 1.329.
- Gold is lower at USD1777. Resistance is at 1900.
- Shanghai closed higher at 2,086.
- Singapore STI closed higher at 3,107.
- Ringgit is weaker at 3.063. Downside is at 3.09.
- S’pore ringgit is higher at 2.490. 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 1658 and 1668.
- CPO Dec futures is higher at RM2356. Support is at 2330.
- Trading : GOLSTA ( 7105 : 0.90 ) : Take profit, IJM ( 3336 : 4.96 ) : Take profit, LATEXX ( 7064 : 1.79 ) : Take profit, KNM ( 7164 : 0.71 ) : Take profit
Thursday, 4 October 2012
Morning Coffee - 5 Oct 2012
MARKET ROUNDUP (Source Bloomberg)
U.S. Stocks Rise on Economic Reports Amid Draghi Comments; as reports on jobless claims and factory orders were better than forecast and the European Central Bank said it stands ready to buy bonds. The S&P 500 increased 0.7 percent to 1,461.40 at 4 p.m. in New York. The benchmark index for American equities has rallied 1.4 percent this week. The Dow Jones Industrial Average rose 80.75 points, or 0.6 percent, to 13,575.36 today. Volume for exchange-listed stocks in the U.S. was 6.1 billion shares, or 2.2 percent above the three-month average.
European Stocks Close Little Changed; Halfords Rallies; as the European Central Bank and the Bank of Englandleft their benchmark interest rates on hold. Germany’s DAX fell 0.2 percent and France’s CAC 40 declined 0.1 percent. Britain’s FTSE 100 was little changed.
Oil Falls After Surging on Middle East, Heads for Weekly Decline; on speculation the biggest gain in two months yesterday was exaggerated amid rising supplies. Crude for November delivery fell as much as 32 cents to $91.39 a barrel and was at $91.48 in electronic trading on the New York Mercantile Exchange at 8:47 a.m. in Tokyo. The contract rose $3.57 to $91.71 yesterday. Prices are down 0.8 percent this week and 7.4 percent this year.
CORPORATE NEWS
Malaysia Airlines charts course for next 20; Interestingly at 40, there is still talk that MAS may be taken private once again. There is a long-standing rumour that MAS parent Khazanah Nasional Bhd would want to do a “Proton” i.e. sell its MAS shares to a businessman. Some say the suitors may include Middle Eastern investors. Others say Tan Sri Ahmad Johan of Nadi Sdn Bhd is keen to acquire a stake in MAS. His name has long been linked with a possible MAS sale, but it should be noted that he has partnered Indonesia's Lion Air to set up Malindo Airways, a low-cost airline that will begin operations on May 1 from KLIA2.
Malaysia aims to maintain cocoa export revenue; Malaysia aims to maintain its cocoa export revenue of over RM4.2bil this year despite the slowdown in production, according to Malaysian Cocoa Board director-general Dr Lee Choon Hui. The slowdown in production was due to El Nino phenomenon and that some of the farmers have started to switch to other crops like palm oil,” he told a media briefing yesterday.
StarbIz
Pestech lands Sg Siput works deal; wholly owned subsidiary Mega Linear Sdn Bhd will undertake the supply and build and commission of 132 KV and 33 KV switchgear, transformer and ancillary equipment with associated civil works for the Bukit Siput extension in Johor.
Emico unit inks RM8.6m land pacts; wholly owned subsidiary, Emico Development Sdn Bhd has signed three sale and purchase agreements with Gre-East Builders Sdn Bhd for the proposed disposal of several pieces of land owned by Emico for RM8.6 millon cash.
Btimes
Source:Jupiter Securities Research, 5 October 2012
U.S. Stocks Rise on Economic Reports Amid Draghi Comments; as reports on jobless claims and factory orders were better than forecast and the European Central Bank said it stands ready to buy bonds. The S&P 500 increased 0.7 percent to 1,461.40 at 4 p.m. in New York. The benchmark index for American equities has rallied 1.4 percent this week. The Dow Jones Industrial Average rose 80.75 points, or 0.6 percent, to 13,575.36 today. Volume for exchange-listed stocks in the U.S. was 6.1 billion shares, or 2.2 percent above the three-month average.
European Stocks Close Little Changed; Halfords Rallies; as the European Central Bank and the Bank of Englandleft their benchmark interest rates on hold. Germany’s DAX fell 0.2 percent and France’s CAC 40 declined 0.1 percent. Britain’s FTSE 100 was little changed.
Oil Falls After Surging on Middle East, Heads for Weekly Decline; on speculation the biggest gain in two months yesterday was exaggerated amid rising supplies. Crude for November delivery fell as much as 32 cents to $91.39 a barrel and was at $91.48 in electronic trading on the New York Mercantile Exchange at 8:47 a.m. in Tokyo. The contract rose $3.57 to $91.71 yesterday. Prices are down 0.8 percent this week and 7.4 percent this year.
CORPORATE NEWS
Malaysia Airlines charts course for next 20; Interestingly at 40, there is still talk that MAS may be taken private once again. There is a long-standing rumour that MAS parent Khazanah Nasional Bhd would want to do a “Proton” i.e. sell its MAS shares to a businessman. Some say the suitors may include Middle Eastern investors. Others say Tan Sri Ahmad Johan of Nadi Sdn Bhd is keen to acquire a stake in MAS. His name has long been linked with a possible MAS sale, but it should be noted that he has partnered Indonesia's Lion Air to set up Malindo Airways, a low-cost airline that will begin operations on May 1 from KLIA2.
Malaysia aims to maintain cocoa export revenue; Malaysia aims to maintain its cocoa export revenue of over RM4.2bil this year despite the slowdown in production, according to Malaysian Cocoa Board director-general Dr Lee Choon Hui. The slowdown in production was due to El Nino phenomenon and that some of the farmers have started to switch to other crops like palm oil,” he told a media briefing yesterday.
StarbIz
Pestech lands Sg Siput works deal; wholly owned subsidiary Mega Linear Sdn Bhd will undertake the supply and build and commission of 132 KV and 33 KV switchgear, transformer and ancillary equipment with associated civil works for the Bukit Siput extension in Johor.
Emico unit inks RM8.6m land pacts; wholly owned subsidiary, Emico Development Sdn Bhd has signed three sale and purchase agreements with Gre-East Builders Sdn Bhd for the proposed disposal of several pieces of land owned by Emico for RM8.6 millon cash.
Btimes
Source:Jupiter Securities Research, 5 October 2012
Stock Overview - GOLSTA - 5 Oct 2012
GOLSTA ( 7105 : 0.78 ) : Targeting 0.89/Stop loss 0.68
Description
Resistance : 0.89
Support : 0.68
RSI of 76
RSI is rising
STOCHASTIC
It is on upswing
Comment
The current upmove is heading for 0.89
Trading Strategy
Buy. Stop loss is at 0.68
Source:Jupiter Securities Research, 5 October 2012
Description
Resistance : 0.89
Support : 0.68
RSI of 76
RSI is rising
STOCHASTIC
It is on upswing
Comment
The current upmove is heading for 0.89
Trading Strategy
Buy. Stop loss is at 0.68
Source:Jupiter Securities Research, 5 October 2012
Stock Overview - KIMLUN - 5 Oct 2012
KIMLUN ( 5171 : 1.32 ) : Targeting 1.44/Stop loss 1.28
Description
Resistance : 1.44
Support : 1.28
RSI of 45
RSI is rising
STOCHASTIC
It is on upswing
Comment
The current upmove is heading for 1.44
Trading Strategy
Buy. Stop loss is at 1.28
Source:Jupiter Securities Research, 5 October 2012
Description
Resistance : 1.44
Support : 1.28
RSI of 45
RSI is rising
STOCHASTIC
It is on upswing
Comment
The current upmove is heading for 1.44
Trading Strategy
Buy. Stop loss is at 1.28
Source:Jupiter Securities Research, 5 October 2012
Stock Overview - SCIENTX - 5 Oct 2012
SCIENTX ( 4731 : 2.54 ) : Targeting 2.94/Stop loss 2.46
Description
Resistance : 2.80 2.94
Support : 2.48
RSI of 73
RSI is rising
STOCHASTIC
It is oversold
Comment
Following the consolidation breakout, it is heading to 2.94
Trading Strategy
Buy. Stop loss is at 2.46
Source:Jupiter Securities Research, 5 October 2012
Description
Resistance : 2.80 2.94
Support : 2.48
RSI of 73
RSI is rising
STOCHASTIC
It is oversold
Comment
Following the consolidation breakout, it is heading to 2.94
Trading Strategy
Buy. Stop loss is at 2.46
Source:Jupiter Securities Research, 5 October 2012
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