Gerald Koh Stock Charts

Author: Gerald Koh   |   Latest post: Sun, 2 Jun 2019, 9:45 AM


FBMKLCI Capitalisation Weighted Index

Author: Gerald Koh   |  Publish date: Thu, 30 May 2019, 5:44 AM

Original Blog: http://www.geraldkohstockcharts.com/2019/05/29/fbmklci-capitalisation-weighted-index/ 

FB Page: https://www.facebook.com/geraldkohstockcharts

FBM KLCI is a capitalisation weighted stock market index composed of the 30 largest companies on the Bursa Malaysia. A capitalisation weighted index is weighted according to these companies total market capitalisation. Market capitalisation is calculated by multiplying the total number of shares by the current price of the company.

The companies with higher market capital carry a higher weighted percentage compares to the companies with lower market capital. These companies can significantly impact the overall value of the index.

The number talks. (Data based on 29 May 2019)

  • Maybank: 11.05billion shares, RM9.05 per shares
  • Nestle: 234.5million shares, RM147.50 per shares
  • PBBank: 3.882billion shares, RM23.00 per shares
  • HLBank: 2.168billion shares, RM18.58 per shares
  • DIGI: 7.775billion shares, RM4.81 per shares

The total market value of each company would be calculated as:

  • Maybank = 11.05b x RM9.05 = RM100.0b
  • Nestle = 234.5m x RM147.50 = RM34.6b
  • PBBank = 3.882b x RM20.00 = RM89.3b
  • HLBank = 2.168b x RM18.58 = RM40.3b
  • DIGI = 7.775b x RM4.81 = RM37.4b

The entire market value of KLCI equals RM1,039.9billion. Each company weightings as:

  • Maybank = RM100.0/RM1,039.9b = 9.62%
  • Nestle = RM34.6/RM1,039.9b = 3.33%
  • PBBank = RM89.3/RM1,039.9b = 8.59%
  • HLBank = RM40.3/RM1,039.9b = 3.87%
  • DIGI = RM37.4/RM1,039.9b = 3.60%

Although Nestle has the highest price in the KLCI, the low outstanding of shares represents 3.33% of the total market capital. On the other hand, DIGI represents 3.60% of the total market capital with higher outstanding number of shares and lower market price. Maybank is the most weighted component in the KLCI with 9.62%. Genting weighted 2.36% with similar outstanding of shares compares to PPBank. On 29 May 2019, Tenaga is the major contributor to KLCI 9.1 points gain. Tenaga’s RM70b market capital makes up a 6.7% from the total market capital of KLCI.

Capitalisation Weighted Index provides access to both large and small companies. Large market capital such as Maybank, PBBank, Tenaga, Pchem have higher weigthing and tend to provide higher impact to the gain and drop of KLCI. Conversely, small market capital such as Airport, TopGlov and Ambank provides lower impact.



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Dufu Breaks Strong Support.

Author: Gerald Koh   |  Publish date: Sun, 26 May 2019, 8:46 AM

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The reaccumulation in early 2019 shows a potential rally. After the rally in Feb 2019, the stock retested RM1.52 supports. In April 2019, the stock rallied to RM2.00 and the lack of demand caused the stock to trade below RM1.95. Here, the selling climate continued and found support above RM1.52. On 23 May, the stock breaks the RM1.52 support.

I reckon the selling might continue due to the discouraging quarter result. The next support must be determined for the next trade.

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Kossan is Uptrend But Not A Call Buy.

Author: Gerald Koh   |  Publish date: Sun, 26 May 2019, 8:24 AM

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After accumulation in early 2019, Kossan found support at RM3.47. On 11 April 2019, the stock retested the support and traded between RM3.47 to RM3.55. On 17 April 2019, the hammer indicated a potential spring and it rallied to RM3.70 on 23 April 2019. On 15 May 2019, the upthrust candle with high volume implied the selling pressure below RM3.80. However, the stock rallied to RM3.85 and found support at RM3.80.

I reckon the stock might continue to rally to RM4.00 with the good quarter result. However, don't rush in to buy.


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lizi kossan? Q4 result also good in feb, people chase above rm4.00 last time, all still stuck inside......now Q1 result also good.....how? chase like in feb? lol.....just my observation...
26/05/2019 9:48 AM
Gerald Koh The current price is RM3.80 d. Normally we wait for the next price action. Of course enter now might not be a good choice. Maybe an upthrust on Monday we dunno.

Feb RM4.00 is not a good time to enter also.
26/05/2019 11:11 AM

The Ambiguity of Ascending Triangle and Descending Triangle.

Author: Gerald Koh   |  Publish date: Tue, 7 May 2019, 12:21 PM

Original blog: http://www.geraldkohstockcharts.com/2019/05/06/the-ambiguity-of-ascending-triangle-and-descending-triangle/

FB Page: https://www.facebook.com/geraldkohstockcharts/

Some website and books refer ascending triangle to bullish pattern and descending triangle to bearish pattern. The following description is posted on a website:

1. Ascending Triangle – Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
2. Descending Triangle – Regardless of where they form, descending triangles are bearish patterns that indicate distribution.

However, I have encountered these triangles may possess double meaning for KLSE stocks. Attached are the success and fail examples for these triangles:

Ascending triangle with bullish pattern.

Ascending triangle with bearish pattern. It does break the resistance but continue to short afterwards.

Descending triangle with bearish pattern.

Descending triangle with bullish pattern.

Trade safely.


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Carimin (5257) Forms An Ascending Triangle with Three Upthrusts

Author: Gerald Koh   |  Publish date: Sun, 5 May 2019, 8:00 PM

Original post: http://www.geraldkohstockcharts.com

FB Page: https://www.facebook.com/geraldkohstockcharts

After breaking the RM0.65 resistance, the stock rallied to RM0.95. Here, the demand exhausted and the stock reversed to RM0.705. On 1st March, demands seems to return and the stock rallied to RM0.875 with high volume. After the retest, the stock further the rally to RM0.937. The upthrust bar with high volume indicated supply at the price above RM0.95. The lack of demand to overcome the supply led the stock to test the trendline and forms an ascending triangle. Similar to the descending triangle, the ascending triangle possesses ambiguity meaning.

Three upthrusts were formed.

On 9th and 11th April, the two false breakouts formed upthrusts and it confirmed the supply at the price above RM0.95. Presently the stock closed slightly above the trend line with a potential 6% gain; cut lost below RM0.885. 

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Hibiscus (5199): Support at RM1.09

Author: Gerald Koh   |  Publish date: Sun, 5 May 2019, 3:37 PM

Original Blog:http://www.geraldkohstockcharts.com/

FB Page: https://www.facebook.com/geraldkohstockcharts

After 22nd March post, Hibiscus gaped down on Monday and closed lower at RM1.05. It could be an upthrust since the previous day volume was high. However, the next 5 days narrowed trading ranges indicated the stock had potential to go long again. On 2nd April, the long position was proven with gap up and the stock rallied to RM1.24.

RM1.09 support

The support was tested on 17th April and the secondary test on 3rd March. The secondary test is corresponded with the WTI Crude Oil price. Currently crude oil support at USD61. I reckon the crude oil price will continue to rally next week. Hibiscus would be a good buy since it is producing oil. Cut lost below RM1.09.

Labels: Hibiscs

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Icon8888 Cut loss if drop below 109 ?

If everytime drop few cents then start cutting loss, how many stocks can you do it ?

Have you heard of death by thousand cuts ?

If Long term fundamentals ok, why bother cutting loss at all ?

For me, Cut loss is a nonsense concept
06/05/2019 6:51 AM
BigsmallTalk Recomen cut loss
Preserve your capital
No worry
Fight again next round
Dont chase
Opprtunity will come
06/05/2019 12:14 PM
Haw Liao mad dog donald come liao...

buy the fear, value investing

06/05/2019 12:48 PM
Gerald Koh I did not predict Mr. Market (Donald) to say something today. Today gap down good chance to grab.
06/05/2019 3:47 PM


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