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Friday, April 25, 2008

KLCI Still In Rebound Mode

KLCI Weekly Chart

Rebound continues. Still too early to say that it will turn into an uptrend. Looking out for any sign of reversal into bearish mode when it touches 1300 to 1350.

The number of weekly bullish counters is now at 100:
ABFMY1 AHP AJI AMWAY APEX APP ARANK ASUPREM ATIS BAHVEST BERNAS BIPORT CHANG CHASE CHASE-PA CHEEWAH CME CUSCAPI DAIBOCI DAYA DELLOYD DKLS DUTALND-WA DXN ECOFIRS ENGTEX F&N FPI FRB GCE GPLUS HAIO HTPADU IMASPRO INIX INSBIO IRMGRP JETSON JETSON-LA JETSON-WA JOHAN-LA JTINTER KESM KKB KPOWER LBICAP LINEAR LIONIND LPF MAGNUM MAYBULK METACOR MFLOUR MSC MTDINFR MUDA MUIIND-LA MUIIND-LB NALURI NCB NESTLE NTPM OPUS PAHANCO PBBANK-O1 PICORP PLB-WA PORTRAD PSPRING PUC QL RAPID RAPID-WA SARAWAK SEQUOIA SHELL SITATT SPRITZR SRII STAR SUCCESS SUNCRN SWKPLNT TAANN TAKASO-WA TASEK TEXCHEM TGUAN THPLANT TIMWELL TMCLIFE TRACOMA TSM TWS TWSPLNT UPA UTDPLT WARISAN YAHORNG YOKO

The number of weekly bearish counters has reduced to 452.

I bought Digi-CB, but it seems like I may have to cut loss. Next week watchlist: YTL & MISC.

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