Bull vs BearBull won! From this action and the KLCI chart, looks like the index is heading to 1400. I'm looking out for the following bluechips:
Genting: If can close above 8.20, then confirm break medium term downtrend channel.
Resorts: looks like going to challenge the upper channel at 4.50.
Plus: Broken medium term downtrend channel. Looking for a reasonable entry point.
PBBank: Looks like going to break 10.00
MISC: Broken medium term downtrend channel. Not sure about the strength.
IOICorp: 1st attempt at above 6.00 failed. Another attempt again?
KLK: Broken medium term downtrend channel. Looking on how is the possible correction going to be.
Gamuda: Challenging 9.00. Waiting for the appropriate time to enter (if any).
In addition to that, I notice that the steel players are moving now: Kinsteel, Masteel and Ornasteel.
This week, I opened new position in IOICorp-CE, Kretam-WA, Masteel and Singtel-C1. Hopefully no bad news to scare us anymore until CNY.
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