KLCI: To retest 1487-1500 levels''

'''' In the wake of the strong closing from Wall St and European markets, Bursa Malaysia is expected to trend higher today, probably to retest the 38.2% FR (1487 pts) and upper Bollinger band (1497). Significant resistance remains at 200-d SMA at 1502. Immediate crucial supports remain at 1459-1465 levels.''

''

TMCLIFE: Likely to stage a breakout above 200-d SMA''''

'''' As TMC had breached the important resistance levels of mid and upper Bollinger bands and 50-d SMA with robust volume, there is a good chance that TMC may reclaim the 200-d SMA (now at RM0.39) soon. A breakout above RM0.39 will spur prices higher towards RM0.42 (50% FR), RM0.45 (38.2% FR) and RM0.50 (23.6%).

'''' Based on daily, weekly and monthly charts, technical landscape are positive, indicating that TMC is ripe for further appreciation. Immediate supports are RM0.30 and RM0.28 (monthly lower Bollinger band). Cut loss below RM0.28.