Monday, December 03, 2007

1st Tier Moving Now

Looks like the big boys are making a move now:

TM: Broke out from strong resistance at 11.00.
Tenaga: Ended it's downtrend.
YTLPower: Broke out from channel.
Maybank: Still in base building.
Commerz: Range bound trading (10.10 to 11.50)
Genting: Range bound trading (7.50 to 8.50)
Resorts: At lower end of channel. Looks like going back up.
Bursa: Still under correction.
YTL: To challenge 9.00.
IJM: Base building at 8.00

This could be the beginning of the year-end rally.

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