Wednesday, October 10, 2007

Bull vs Bear (10 Oct 2007)

Bull vs Bear

Numbers of bears stay flat while mix for the bulls.

S&P just launch the S&P Southeast Asia 40 Index. 3 Malaysian companies that are in the Top-10 of this index are IOICorp, Genting and Maybank. I was unable to get the rest of the 14 companies from Malaysia.

Anyhow, does that mean trading opportunity for IOICorp, Genting and Maybank?
IOICorp: Long term uptrend. Currently consolidating between 5.80 to 6.20.
Genting: Long term uptrend but losing momentum. Currently the bulls and the bears are battling it out. The possibility for the bulls to win is greater.
Maybank: Looks like a false break of uptrend. Good chance of holding above 11.50.

Out of this 3, I have position in IOICorp & Genting CWs.

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