Thrusday, 29 September 2016

Dear Traders,

The KLCI closed an inch higher at 1664.96. Since Tuesday the market is still undecided which direction to go. UNDECIDED or compass loss ?

Australia’s S&P/ASX 200, Indonesia IDX, HIS and the German DAX showed saw a bull from a distance.

China A50, Korea’s KOSPI, and the Japan Nikkei was slightly bearish.

·        The USD Weakened against our MYR and opened at 4.1335 from its last open of 4.1375.

·        Crude Oil prices is on the rise after the US inventory is less than forecasted.

DJIA opened at 18,240 from its previous close of 18,228.

Stocks to watch (29 September) :

ARANK, Lbalum: since Arank posted flying colours results + Breakout with volume, im expecting LBALUM to do the same. ARANK still have but little upside. Faster hand players still can profit. ARANK Cut if below 0.915, LBALUM cut if below 0.685

COMFORT: good results too, gloves, and on Tuesday we see glove counters up up up. Cut if below 0.77.

Stocks mentioned from yesterday:

SUNCON: Monitor this counter, possible spike soon. Cut if close below RM1.60. It is now at its support level. Still have high chance to go up.

PESTECH: Mentioned two days ago at 1.60 and price have up up already! Recently only many groups start to notice this and call. Can monitor but I feel the big volume today will die tomorrow.

SUPERLN: Mentioned yesterday and Big gap up today but close at yesterdays closing. Before the results released already rocket up, and already be prized in so it might fall.

US Threatens to cut contact with Moscow over Syria Attacks ! Let Thursday be an attacking day for us traders !

If boring can watch how SENDAI FALLS after the empty MOU is announced.

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