A selldown in KLCI today : Updating the RSI-list of our index-linked counters .... for shopping purposes.

Note : RSI below 30 just means it is oversold and NOT an indicator to BUY.

		3	4	5	6	9
		RSI	RSI	RSI	RSI	RSI
	KLCI	26.2	30.3	27	28.1	25.6
1	Ambank	44.6	50.3	45.9	48.4	43.5
2	Astro	31.5	38.4	34.1	36.3	35.1
3	Axiata	35	33.5	30.4	30	26.4
4	BAT	15.7	33.3	38.7	36	36.8
5	CIMB	37.4	46.2	45.2	45.2	47.1
6	Digi	21.2	20.7	20.3	23.7	23.7
7	GenM	46.4	53.8	43.5	44.2	39.4
8	Genting	37	36.7	34.9	35.9	34.1
9	HLBank	37.7	48.1	44.1	46.9	43.7
10	HLFG	49.2	48.7	46.5	44.7	42.1
11	IHH	28.2	46.2	42.6	45.3	43.1
12	IOICorp	37.1	36.2	28.1	32.2	25.0
13	KLCC	60.6	54.3	55.1	50.2	54.6
14	KLK	34.5	31	29.7	27.8	26.9
15	Maxis	19.8	20.9	19	25.3	20.4
16	Maybank	33.8	40	39.3	51.5	57.4
17	MISC	26.7	27.7	27.3	26.9	10.1
18	PBBank	34.2	51.2	45.6	52.6	55.6
19	PChem	42.3	38.6	29.5	22.1	13.7
20	PetDag	43.9	39.7	33.4	29	21.4
21	PetGas	46.9	46.2	44.3	38.4	25.7
22	PPB	41.2	39.1	27.7	30.5	30.5
23	RHBCap	49.7	46.6	43.7	43.7	38.2
24	Sime	37.5	44	39.6	39.6	35.8
25	SKPetrol	29.7	26.5	31.3	30.6	29.8
26	Tenaga	44.9	44.9	46	48.1	47.1
27	TM	57.2	47.6	47.6	43.4	38.0
28	UMW	37.1	36.4	33.2	32.3	30.3
29	WPRTS	54.7	55.6	51.5	53.3	49.3
30	YTL	37.5	40.3	38.4	41.4	39.3

From the list above, we could find 10 oversold stocks (of 30) ... so, we do need to see KLCI at 1620 and more than 15-oversold stocks to start buying. Yes ... buy in May and go away.

Note : I am very interested with MISC and PChem at the moment (refer to the table above). Trade at your own risk.

TEH