NEW STOCKS-TO-WATCH: D&O.
STOCKS WITH SELL SIGNALS: NIL.
STOCKS WITH TAKE PROFIT SIGNALS: NIL.
EXISTING STOCKS-TO-WATCH (Buy): MUDAJAYA, PROTON, MAYBANK, PBBANK*, RHBCAP, LIONIND, PARKSON, GENP, LBS, PJDEV, FABER.
HOW TO TRADE ON MONDAY (MAR 08 2010):
Aggressive trader Buy: D&O, MUDAJAYA, PROTON, MAYBANK, PBBANK*, RHBCAP, LIONIND, PARKSON, GENP, LBS, PJDEV, FABER.
Conservative trader: NIL.
LONG TERM INVESTOR: S.A./HOLD IF STOP LOSS NOT HIT/SELL IF STOP HIT!
STOCK MARKET OUTLOOK: KLCI has turned bullish with close above Ichimoku cloud of 1293. Turn long on KLCI and selective lower liners.
On Friday’s close the KLCI was up by 15.69 points or 1.22% at 1299.78 on higher volume of 941.6 million shares traded. Advancers led decliners by 547 to 194 with 236 stocks unchanged.
1. Our view is now changed to BULLISH for KLCI linked stocks and selected lower liners.
2. This is due to the change in the Ichimoku charts to predominantly bullish both for the short and the long term.
3. The longer term “chikou span” is now neutral but the shorter term tenkan-span is now greater than the “kijun-span”, which suggests short term bullishness. As well price is above the “kumo” or clouds.
4. Banking AND PROPERTY and selective Lion group stocks are strong.
5. They are MUDAJAYA, PROTON, MAYBANK, PBBANK*, RHBCAP, LIONIND, PARKSON, GENP, LBS, PJDEV, FABER.
6. New stock is D&O.
7. Moving average crossover (10-50 SMA) which is a reliable trend following indicator, has now triggered a buy signal. Turtles system has also triggered a buy, and the Ichimoku chart is BULLLISH.
8. Most if not all indicators are now pointing to a bull market.
9. As such Right now I am bullish about our market
10. The U.S dollar is strengthening and that is probably one of the reasons for the sell-off in stocks. Dollar is not expected to weaken as such be wary about stocks, commodities, etc all of which would react adversely to a rise in the dollar.
2. This is due to the change in the Ichimoku charts to predominantly bullish both for the short and the long term.
3. The longer term “chikou span” is now neutral but the shorter term tenkan-span is now greater than the “kijun-span”, which suggests short term bullishness. As well price is above the “kumo” or clouds.
4. Banking AND PROPERTY and selective Lion group stocks are strong.
5. They are MUDAJAYA, PROTON, MAYBANK, PBBANK*, RHBCAP, LIONIND, PARKSON, GENP, LBS, PJDEV, FABER.
6. New stock is D&O.
7. Moving average crossover (10-50 SMA) which is a reliable trend following indicator, has now triggered a buy signal. Turtles system has also triggered a buy, and the Ichimoku chart is BULLLISH.
8. Most if not all indicators are now pointing to a bull market.
9. As such Right now I am bullish about our market
10. The U.S dollar is strengthening and that is probably one of the reasons for the sell-off in stocks. Dollar is not expected to weaken as such be wary about stocks, commodities, etc all of which would react adversely to a rise in the dollar.
CONCLUSION: The KLCI is now LONG. Our market has reversed back to being BULLISH. Go long.
PROTON: H/FURTHER BUY/SYMMETRICAL TRIANGLE
MAYBNK: H/FURTHER BUY/TGT 8.00/9.45
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