Archive for February, 2012

Petra Perdana (stock code 7108)

Sunday, February 26th, 2012

Update 8th Jan 2010 :  Petra Perdana clarifies Alert update 7th January 2010: Need to ‘ignore’ this counter for a while – let the dust settled.. Reason: Flash Petra Perdana gets notice for EGM to remove 4 directors. Read the news I have small position on Petra – getting out today. It’s ‘funny’ this counter […]

E&O stock code 3417

Friday, February 24th, 2012

Sector: properties Technical outlook : 1. correction of earlier uptrend (since Jan 09 – wave 1 to 5)  to 61.8% Fibonacci ratio make it strong likely that a new major uptrend is in development. 2. Bullish inverted head&shoulder pattern finalized. 3. Last 3 trading day price action was not that strong and the volume is […]

Bursa Malaysia and Dubai Jittery

Thursday, February 23rd, 2012

Kuala Lumpur Composite Index went down 0.11% (11.5 pt) yesterday and that without any contribution from construction counters. Note that not even one single construction stock constitutes FBM KLCI, otherwise  we would have seen worst yesterday. And yesterday, FTSE Construction Index went down 2.25%. Expert more of ‘Dubai jittery’ to reach FBM KLCI. How far […]

KLCI into narrower range-bound?

Monday, February 20th, 2012

I have already said that Bursa Malaysia stock market to be in further narrow range-bound in my last article, for this one I will say the market will go into narrower range bound (with bias toward downside) Last week, 30 stocks FBM KLCI down 10.2 pt to settled at 1,260 pt. With lesser volume and […]

Skyscraper, Erection Index and Malaysia Triplet Tower

Sunday, February 19th, 2012

  Some call it skyscraper index, some call it tallest building indicator and some call it erection index (to a man, it could mean something else though).  Also some call it tower of babel indicator. It is actually  a humorous look at the ‘relation between large skyscrapers completion and economic cycles”. According to, the […]

SAAG – stock code 9652

Saturday, February 18th, 2012

Read earlier outlook on SAAG at here: worst over for SAAG?The final buy set-up (such as micro double bottom pattern or reversal signal didn’t materialize), which means for I am not expecting a fast short-term gain.Other view still maintain: 1. It’s already well corrected – obviously oversold. More comfortable to enter.2.  If  you are looking […]

FBM KLCI technical indicator : how’s the rebound?

Friday, February 17th, 2012

TECHNICAL INDICATIONS FM KLCI Support : 1320                       Resistance : 1377, 1400 Bias : Downtrend Yesterday’s rebound had effectively filled the gap at 1,357-1,365 levels beautifully. Despite the rebound, the index is still trading within the down trending channel and below the 5-day and 10 day moving averages. Hence, the technical outlook is frail with the […]

Not another Bursa Malaysia 2010 stock market prediction

Thursday, February 16th, 2012

With just 4 trading days to go will there be any chance  FBM KLCI will end 2009  with a BANG? That is a funny question. First  EPF and PNB, by last week already done window dressing (that been said in the news).  Secondly, there is no sign of KLCI breaking out from the narrow sideway […]

Worst over for SAAG? update

Wednesday, February 15th, 2012

If my wave reading is correct, the worst that can happen to SAAG is to go to previous low RM0.14. I believe so correction wave 2 (labeled blue on the chart) almost over, near to the previous low. That is  a very good correction.  Bullish wave 3 could start anytime.  Target over RM 0.40 for […]

Bursa Malaysia in 2010 so far

Tuesday, February 14th, 2012

First, on last week’s correction. Will that trigger a major correction? Is that a sign a major correction is coming? For now, I don’t think this would trigger a prolong  downtrend.  a least not yet.  Let KLCI rebound first from this correction which should come very soon since the support (minor) level is close (that […]