Monday 6 October 2014

Weekly Update 7 - 10 October

Weekly Updates 7 – 10 Oct 2014


Long term uptrend intact. KLCI is currently well supported and waiting for rebound. KLCI most likely will stay sideway as market is cautious about Budget 2015 and possible adjustment of US interest rate. Be aware of market sentiment and traders are advised to buy on dip rather than chase high.


FBMSCAP is trading lower and resisted by 20MA. Currently it is supported and will rebound if KLCI able to rebound on this week. Traders are advised to reduce position size for new entry. Please follow your trading plan strictly if the market is not in a favourable position.


MIKROMB


Target price 1 : 0.415 (+9.3%)
Target price 2 : 0.435 (+14.4%)
Cut loss : 0.365 (-3.9%)

PENTA


Target Price 1 : 0.44 (+8.6%)
Target Price 2 : 0.47 (+16%)
Cut loss : 0.395 (-2.5%)


MCLEAN


Target price 1 : 0.275 (+15%)
Cut loss : 0.225 (-6.2%)