My Trading Adventure

KLCI : The analysis

CP TEH
Publish date: Thu, 06 Jun 2013, 07:42 AM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
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This is a daily chart of KLCI. here are some analysis we discussed in our e-meeting last night.

1. The horizontal support at 1667 and expecting KLCI to retrace back to this current level.

2. below 20MA

3. It is forming lower high now.

4. Note a high RED volume(31st may).

5. Technically, the gap will be covered. So, breaking of 1750 levels ... we shall see 1720 again.

With that in mind, KLCI is bearish for coming weeks. Need to reduce and hibernate again?

We shall watch.

note : MHB shown a VERY strong technical rebound and those bought into her below 3.30 (few in my group), I have asked them to take profits yesterday. Still waiting for signals in Parkson, but giving her a skip as I went into something else for technical rebound.



STI : At support, oversold .... nice technically for rebound. So, I will do some homework on some spore's stocks .... time to go down-under.

TEH
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Discussions
1 person likes this. Showing 10 of 10 comments

AK $$

I like Wilmar on STI. The price has come down a bit since this week.

2013-06-06 09:15

shirley1

http://klse.i3investor.com/blogs/cpteh/30871.jsp

2013-06-06 13:54

shirley1

why all experts comment on the winners only ?

2013-06-06 13:54

shirley1

=== last friday 31 May closing ===

KSL 2.27
MBSB 3.08
SKPetrol 4.5
Pharma 4.96
P&O 1.83
Sunway-wa 1.27
MHB 3.17


=== 06 June half day ===

KSL 2.16
MBSB 3.04
SKPETROL 4.17
Pharma 4.73
P&O 1.56 (ex dividend 0.1899)
Sunway-wa 1.13
MHB 3.57

2013-06-06 13:55

shirley1

can help to comment others other than MHB ?

2013-06-06 13:56

Jeff Lim

Tomorrow is the best time to buy in for all stick mention above

2013-06-07 00:00

shirley1

careful, some punter traders still around... need to frighten them off first, so that they don't find anything to blame for their own incompetency..

2013-06-07 07:57

shirley1

cut loss . cut loss.. cut loss.. vomit out.. vomit out.. vomit out.. hahaha sorry for enjoying.

2013-06-07 08:12

carynchua

shirley1, thanks for your reversed (those down instead of up) analysis.
at least for a change of mindset. not only those counters going up can make a profit but also those in correction, provided don't catch a falling knife!!!

2013-06-07 08:28

shirley1

ok :)

2013-06-07 08:48

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