Monday, 7-11-2016
 

Despite a weak market GLOBALLY and in MALAYSIA last week, we see all the construction sectors are very bullish, maybe can INVEST not trade in these counters as many and more projects are coming up. Construction: GKENT, KERJAYA, KIMLUN, GAMUDA, EKOVEST are top picks, seconds are GADANG (KYY is selling of his shares and does not recommend to buy anymore), WCT, IJM.

This week I will be expecting a REBOUND as current polls shows that CLINTON is leading against TRUMP. As much as I would like to see how AMERICA can be MADE GREAT again, however CLINTON’s foundation is ROCK SOLID. So for me I think Monday if any low price is a good deal.  STILL, Take At your Own Risks !

Important stuffs to watch this week are the US PRESIDENTIAL ELECTION AND Us Energy Information Admiration Report on their Oil supply.

Oil prices are seen being bearish again once market predicts that they will fail to come to an agreement to cut oil supplies.

MYR/USD is trading around 4.2, and KLCI is lingering around 1650 points. We hope to see it back to 1660 by end of this week after market rebound !

Long term stocks:

DKSH, any good selldown is an opportunity to collect.

Stocks to watch this week 7 November to 11 November   are:

PRESBHD : Last week reached a high of 2.40. anything between 2.20-2.25 is a good buy.

ECONBHD (construction): Support 1.79, TP 2.0, TP reached and closed 1.99. And then a lot of profit taking. This is a long term counter. Can continue to monitor to consider to add.

MMSV (LED and semicon in automotive inds): Support 0.64, Tp 0.705. (support broken.) will come back to this counter soon. Cold Eye did mention this counter.

TOMYPAK: Monitor for breakout at 1.65, more attention is at this counter already. It has broken out and staying above 1.65. MORE TO COME.

UEMS: (oversold) Support is at 1.08, TP 1.19. Currently at support, anything close below this support is a CUT.

KIMLUN (construction): support 2.12, TP 2.26 (touched). (bullish counter). TP2: 2.32

ECS: support 1.51 , TP 1.6. Still ok, as long as above support.

MIECO: (export) support 1.0. TP:1.14, already break out with ok volume.  this counter weakening due to some strengthening of the Ringgit against USD.

Seems like AMERICA wont be GREAT, however Luckily our MARKET WILL BE SUPERMAN !

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