Sumatec for upstream and pdz for downstream. I believe TSHS is damn serious. Have a good and stress free weekend guys! Family first!

Uncle looiks... why a lot of big guns telling me sumatec will be better than ifca? I pun sudah confius. Anyways missing bro Strategist and sj

Thank you Mam

+1 Nancy

Waiting for buzneft turbo kit. Capt.. all on track?

Kerbau klci kembali. Smallcap chart looking good.

Anti virus?

20th August already transit at holland. Now want to go some other nice places hihi

I'm going with SJ chart. Tungguuu

Good stuff Simon. Thanks for ifca and ktb

Nampak macam overbought. Doing trailing stop . Very very good roi. Thanks IFCAMSC.

EPF?

Noted with thanks Capt Looiks!

Sabar menanti.. no problem. Long term ticket holder

Ok Capt Looiks.

Thanks bro SJ

Billionaire oilman: I'm not cutting production...yet

Oil titan Harold Hamm told CNBC on Tuesday: Don't believe the hype. "There's not a glut in the market at all."

http://www.cnbc.com/id/102127424

Ameen bro Strategist!

Thanks a lot bro Ozzie! Tungguuuuuu

Fly?

Chief AT, harapan masih ada?

Halim Saad??

Chartist can advice?

Bro Ozzie and Strategist.. Thanks a million for making me jadi pendatang at IFCA.. Alhamdullilah.. Suma looking positive as per bro SJ chart..

Noted with thanks DickyMe!

FBMKLCI made a sharp rebound as USA positive sentiment spilled over into the Asian stocks (led by Nikkei with Japanese stocks returned to the seven-year highs). On the regional front, we see Hong Kong Hang Seng reclaimed 23,000 marks and China's Shanghai Composite broke above 2,300 psycho level, following a measure of support on government stimulus talk in the form of 500 billion yuan banking liquidity. However, the real source of optimism came from dovish comments by ECB President Mario Draghi calling for accommodative monetary policy to stoke inflation, pushing most of the European indices higher. Overall, we classify the last eight week declines as corrections within a bigger uptrend. Traders therefore should be more aggressive looking for stocks and ETFs that held up well during the pullback and have bounced over the last three days. While conservative investors may buy our weekly roadshow FIFTEEN Featured Stocks i.e. TM, Tenaga, Axiata, Digi, Maxis, MBSB, SunReit, PavReit, WZatu, Jiankun, Luxchem, Bornoil, Hapseng, Top Glove, Kossan, aggressive bulls might consider buying FBMKLCI index futures on the last breakout above 1800, positioning for a larger jump to an all-time-high of 1900.
Dr Nazri Khan
First Vice President/Head of Retail Strategy, Affin Hwang Investment Bank
@ President, Malaysian Association of Technical Analyst (MATA)
24/10/2014

[BURSA BOTTOMS AHEAD OF THE BULLISH NOVEMBER-JANUARY QUARTERS, BURSA TO SEE MORE UPSIDE MOMENTUM AFTER EIGHT STRAIGHT WEEKS OF DECLINE]
After five false bull traps, we finally see the first real leg of bottom as Bursa record V reversa upside on further bargain-hunting interest ahead of the October month end closing and after the Budget 2015. We expect FBMKLCI to stabilize its downside momentum and quietly grind higher, taking advantage of the Wall Street positive performance, seasonally bullish Nov-Dec-January quarter of the year, positive Budget play and the cheap bargains in the Malaysian blue chips after eight straight weeks of correction. On the global front, we note that the global stock indices rebounded on a higher volume (MSCI All World / FTSE All World up 1.6% & 1.8% while FTSE Eurofirst 300 / FTSE Asia-Pacific up 0.5% & 0.8% w-o-w respectively) suggesting falling interest rate concern and USA Fed tapering worries. We believe global stocks rebounded strongly after the previous session’s late sell-off, as bulls took heart from latest robust economic data and signs that the health of the USA remains strong while the Eurozone economy might not be as bad as had been feared. Global data was positive with the USA initial jobless claims edged higher and Eurozone PMIs offered some respite from the recent gloom surrounding the region. In general, the overall data suggest a solidly growing manufacturing in Europe and USA. To recap last week (where FBMKLCI declines a total of 40 points or 2.1% since 29th August 2014), we attribute the market weakness due to four factors namely (1) Strong USA economic data plus hawkish comments from Federal Reserve officials rekindled concerns that USA interest rates could rise earlier than expected (2) The recent strength of the USA dollar and the subsequent negative impacts on broad commodities was viewed as a negative for stocks (3) Rising geopolitical tension with reports that USA warning airstrikes in Syria (4) A distinctly bearish USA stocks with a flash crash occurring on 15th October 2014. We however view the October weakness as temporary and represent a healthy correction on a larger Bursa uptrend, given that the local index has made a strong rally this year (KLCI gain 127 points or 7.2% from February to July when it hit 1896.23 on the 8th July 2014). FBMKLCI should continue consolidating sideways with a modest rebound above 1800 support level. Despite the weaker sentiment, FBMKLCI is holding up well above 1800 level due to Bursa defensive appeal, resilient domestic liquidity and its lower vulnerability to foreign investor withdrawals. We expect Bursa to slowly bottom out before grinding higher riding on three factors (1) Bursa safe haven status and defensive appeal amidst tapering volatility (as it did during the past global dips Sep-Oct 2011) (2) More rotation play towards small cap stocks (December-January barometer effect) as can be seen by the outperformance of FBMSmallCap, FBMFledgling Indices and FBMAce since June 2014 (3) Portfolio rebalancing with institutional funds positioning ahead of the year end towards Budget 2015 beneficiaries (4) the impending Budget 2015 should introduce mitigating measures to alleviate the rising cost of living and provide new incentives to boost Malaysian investment competitiveness. We expect the delivery of fiscally-disciplined-Budget-2015 (the last Budget in the 10th Malaysian Economic Plan) should improve Malaysia fundamentals and address the sustainability of growth and reduces risk of rating downgrade as we move into the 2015 New Year. Fundamental wise, Malaysia is a low beta market with a relatively large fund management industry, lower foreign shareholding and fair valuation, hence any foreign selldown should be well absorbed to limit impact of outflow pressure from rising interest rate. Meanwhile, on the technical front, we believe FBMKLCI has tested 1780 level successfully and is now preparing a base platform to jump higher after making a bulling V bottom reversal below 200 moving average last week. There has also been a notable increase in oscillators (MACD, RSI) during the last three days of solid upside momentum and that keeps the near term bias in favour of more upside. Despite weaker near term trend, the longer term trend remains firmly bullish, with resistance coming in at the 1830 and 1850 levels while stronger shelf of support for any October dips stand at 1800 and 1780 levels.

Afternoon Capt! Thanks bro SJ!

Full combat mode soon?

IFCA huat..Ameen. Suma akan datang huat huat. InsyaAllah..

Usually during reversal RM 1 above counter will be investors main choice because of strong FA..Suma InsyAllah. Masanya akan sampai

Cayalah bro Ozzie! Have a good weekend!

Anyone can advice the direction for this stock?

Cemerlang as usual bro Strategist! Thanks!

Hehe oily gassy.. sama sama kita tunggu hihi

Bro Strategists... Jangan sedih.. Kena senyum sokmo walaupun otak pun dah pening nak fikir. Betul SJ. Hanya gang gila and oku je patut main suma :)

Wow Morgan Stanley and GE posted higher earning compare to earlier estimation. Dji will be positive? Too early to tell

For klci I believe it's just a technical rebound.. I think I will go back to 1750.. still hit and run mode. As for Suma very hard to say cause it has its own magic. I let the sifu here uncle looiks,SJ,strategist etc to advice based on the latest announcement. #inihalimlah

Where is oily gassy.. bro u still counting the days in October? Uncle takde tipu punya orang hihi.

Good stuff today. Thanks to all the positive people in here that has kept each other motivated and always up to date. Have a good weekend!

#inisharklah #belumhalimlagi

Roger that bro Strategist!

Only time will tell..

Haha happytrradingz...yes no boat here.. Anyways ramai yang rasa dah terkena tipah tertipu so now susah nak percaya hihi.. InsyAllah.. Rezeki datang dari yang maha Esa.

Bro Strategist.... banyak senyum dan sedekah.. mesti rezeki masuk sikit sikit tapi lama lama jadi bukit hihi. InsyaAllah..

Thank you for your info truthseeker! Belajar banyak from everyone here including doraemon big fat etc

Thank you Mam Noraini! Change of strategy noted Capt! Going for long term

He he mine higher r8. Enjoy your holiday!

Sorry who is GI capt looiks?

Good stuff bro ring and ozzie! Thanks!