Swap from C11@0.24 to C39@30.5 partially

Hi, linges, swap from C34@0.41 to C39@0.31 partially

Comparing with last few weeks, suddenly local funds don't want to sell at 16, all move to 16.50........

Speculatively again, if Tenaga and banks can lead market to test 1867, 2nd liners in FBM70 will start moving up today, thus forming CNY bull run

Tenaga cue for Malaysian stock market  http://www.theedgemarkets.com/article/tenaga-cue-malaysian-stock-market?type=malaysia


Anyone aggree?

Buying into bank shares may continue 2 days after interest rate hike. Goreng goreng. Could it be today the best day  to sell into strength? Will see

https://www.thestar.com.my/business/business-news/2018/01/28/maybank-to-raise-interest-rates-by-25bps-on-monday/

http://www.theedgemarkets.com/article/cimb-raising-blr-fd-rates-after-opr-hike

Speculator like me always be fear if market shoot up too much. Next resistance is 1867. Based on last QR released on 26 Oct 2017, eps 30sen with dividend policy change, Tenaga shot up the next day 96 sen but can not sustain. QR1 eps 38sen, if so lucky price shoot up by RM1+, coincidentally 16.90-17 is tenaga resistance, I may take profit because I fear. If increment of RM1+, TNB is contributing KLCI 10+points, with 8+ points contributed from banks and others, optimistically 1867-1870 can be challenged. Can 1867 can be crossed in single attempt? What do you think?

@linges, when KLCL marching towards 1880, I am fear. http://www.theedgemarkets.com/article/cimb-fbm-klci-target-1880pts-despite-malaysias-opr-hike

Sorry. Just wander why sell C31 so cheap at 0.16 this morning? Premium at closing price is 0.04% only. As Maybank back to 2month uptrend channel, top of the uptrend channel is around 10.25-10.30

Allow me to big mouth here. TNB price action lately is like wind, it would not be surprise if TNB add RM1 on Monday. Let speculate:
15.84+1=16.84. if 1% premium, C39= (1.01X16.84-14.60)/5=0.48, quite close to Spartan 0.48-0.50 target. if 0.5% premium, C39= (1.005X16.84-14.60)/5=0.46. Disclamer: Not a buy call. I own C39.
In fact this is just a reference when to sell, haha don't sell too cheap

Can we speculate optimistic price action like this: Next Monday KLCI may challenge 1867, Tuesday profit taking, 2nd February challenge 1870, 5th February 1880--->CNY Ang Pau

Tricky. 'Market' use Tenaga to challenge 1850? not banks?! Still queue buy last lot of C39...........

RM10 taken away, fasten your seat belt......1850 going to be challenged

lionind is nett cash position among 4 big steel companies, thus least affected by interest rate hike

http://www.enanyang.my/news/20180126/热门股马银行上挑rm10-12/
http://www.theedgemarkets.com/article/ringgit-banks-spotlight-after-malaysia-rate-hike

Sifu Calvin, Why you mention Tenaga? How TNB is related to Oil? kindly elaborate.
Thanks

7) RISE OF PETROL GUZZLERS DUE TO CHEAP OIL
NO WONDER HENGYUAN AND PETRON AND PETRONAS & TENAGA ARE MAKING OBSCENCE TONNES OF MONIES...

CNY bull run is coming, I will take profit at least 50% by 5th February. Take care and trade safe.....

http://www.thesundaily.my/news/2018/01/25/bnm-raises-opr-325-first-hike-three-and-half-years

All eye on BNM MPC meeting today if we have a CNY bull run. Results 3pm

Will sell C34 and turn to TNB if TNB dip

After consolidate a while at RM10, price action may be accelerated because it jump every 2 sen after RM10, but it all depends on rate hike. If rate hike is not on the way, it could be disaster

1 day 1 news. http://www.theedgemarkets.com/article/maybank-upgraded-overweight-jpmorgan

1 day 1 news. https://www.thestar.com.my/business/business-news/2018/01/24/maybank-in-discussions-to-open-branch-in-india/

Technically 'Market' is drawing a double bottom over 2 months. 2nd bottom is higher than first bottom in early December. Once price cross 1.52 it will be very bullish as double bottom confirmed. Anyone agree?

Technically today or tomorrow Maybank need to go to RM10, bottom of 1month old uptrend channel, can it manage to do that?

@pretty_life, it can't be 10.03. if not mistaken, after RM10, price action can be accelerated because it jump every 2 sen

http://www.theedgemarkets.com/categories/malaysia

Today look for December comsumer price index, November leading index

Wow Sparta is here. Tenaga wait for next monday price action. Temporary banks will lead the KLCI to new high

I expect TNB share price will remain low profile till this coming Friday and it may drop on the day before QR release. Don't chase C39 but only buying on dip. TNB like to play reverse psychology or else life is too boring

I think most of us have accumulate enough. Hold tight and wait for market to revalue it tomorrow

Wait for hng33 take profit and push it down. ha ha

Just called TNB investor relation.
Tel : 603- 2296 6748 , QR to be released after market closed on 26/1/18 (Friday). Still have time to accumulate C39.

Don't rush. Please collect slowly.

Speculative that engine may start tomorrow. Today is last batch accumulation

@dompeilee. Sorry I can't find comment on Tenaga from the provided video link. Would it be possible for you to state it? Tenaga is not in Maybank 2018 pick https://klse.i3investor.com/servlets/pfs/98979pub.jsp

For KLCI to reach 1890, Tenaga and Maybank have to be pushed up a lot due to heavy weightage on KLCI, I still doubt 1890 before CNY, however I would not be surprised if it happen after CNY

lionind may lead steel counters this time as it consolidate the earliest

Technically Maybank share price enter into sideway movemet 0n 18 Jan, waiting for new catalyst. MACD slightly below signal but stochastic %K %D above smooth % D, Why like that?

Very optimistic analysis, good to read, readjust my CNY target to 1867 from 1850. (two assumptions:
1. US markets, which are at all time high, shall avoid a crash.
2. MYR shall avoid another bout of weakening.)
https://klse.i3investor.com/blogs/Tech_Watch/144888.jsp
http://www.nasdaq.com/article/will-a-government-shut-down-kill-the-us-dollar-cm907968
https://www.forbes.com/sites/jjkinahan/2018/01/19/will-the-government-shut-down-or-wont-it-thats-the-big-question/#5bfb034f7837

Good article! I can not imagine if KLCI testing 1890 before CNY, USD/MYR have to drop a lot, other than BNM interest rate raise, USA government shut down have to play a major role in sharp drop of USD index. I readjust my target from 1850 to 1867 after reading your article

Ha price action today a white candlestick. Technically bullish harami, MRCD is parallel above signal now, it is safe temporary...

It all depends to operator and MYR/USD. Reverse thinking: staying low profile before QR release is better as low profile means low expectation. Any slight increase in profit will beat expectation, thus can be used as a catalyst to challenge 16

Fortunately 1.5 year uptrend line @1.29 hold. Haven't use margin account.....

A very good KLCI trend technical analysis. Please warn us when market is about to collapse. Thanks in advance.

I hope Screw Driver is correct, presenting a good KLCI trend technical analysis. Others like FBM70 and FBMSmallCap MACD already surrender to Signal, left FBMKLCI to decide today if need to go through longer consolidation
https://klse.i3investor.com/blogs/Tech_Watch/144713.jsp
Just found that yesterday profit taking was done by local funds, correlated to hypothesis of throwing smoke bomb to induce maximum fear.
Tenaga sma 20@ 15.46. Hopefully it is a hammer or white bar.
C39 sma20@0.23. Not a recommandation to sell or buy

Just take a glance at the KLCI chart, if no strong rebound tomorrow, KLCI may enter into consolidation mode, i.e. MACD may break under signal line, to test 1812, sma10@?, sma 20 @1800. The longer it consolidate, the higher it can go up. Will see Mr Market choose to consolidate till TNB QR release or BNM raise interest rate on 25/1 or rebound tomorrow

Issue buy call but taking profit instead, sent TNB below 16.68 support. Will see 1812 can hold tomorrow

Lai lo. Waiting for this type of news. New business: soon-to-be-launched cashless mobile payment option using quick-response (QR) codes. According to the statement, the platform is known as “Maybank QRPay”.......
http://www.theedgemarkets.com/article/maybank-2017-mobilebanking-transaction-value-tops-rm24b

https://www.cnbc.com/2018/01/17/asia-markets-china-gdp-data-and-central-banks-in-focus.html
Thursday's economic calendar is fairly crowded (all times in HK/SIN):
12:30 p.m.: Japan industrial production
3:00 p.m.: China fourth-quarter GDP, industrial production and retail sales
5:00 p.m.: Bank Indonesia rates decision

http://www.theedgemarkets.com/article/maybank-consolidating-says-alliancedbs-research
That means no spike, resting today, will see if the prediction is true