MARKET iN TOUCH - 3 APR 2006

MARKTE iN TOUCH

9th Malaysia Plan had been announced. Economy ahead is expected to be better. In mid run, better economy prospect boosts our capital market. CI may start to pick up again from 926.63 (31 Mar 2006) base. For this week, CI may gradually increase towards 935 points. Construction counter may pick up again after retracement completed in near term.

 

STOC iN TOUCH

Selective Mesdaq Counters may still be punters and traders' favorite. IRIS, GHLSYS, DATASCN and INGENS.

AFTER 9TH MALAYSIAN PLAN ANNOUNCEMENT, HOW WILL OUR CAPITAL MAREKT REACT?

Our Capital Market may probably be boosted with the good economy forecast and budget spending on econonomy development. It lifts our economy, some corporates may even benefit from the plan.

For short term effect, market may have digested all the good news prior to the annoucement. On the other hand, market may react positively towards the middle term as the projects start to contribute to our economy development.

 

Day Trader Favorites - 26 Mar 2006

This Week Day Traders' Favorites :

 

IRIS, MEMS, MKLAND, SALCON, FAJAR, AMTEL

AKNMTECH (0017)

Minor Correction was done with a day, lowest at RM0.435. 8 Feb today broke out and closed at RM0.525, denotes uptrend may continue with stronger momentum.

AKNMTECH (0017)

AKNMTECH 1st Target Hit on 6 February 2006

Short Period Trend : To undergo minor correction

 

 

MARKET iN TOUCH - 15 JAN 2006

Ci is now lingering at either heading upward to 920 or downside to 907. From the trend it is expected to move upward in coming week. 920 is the nearest resistance to break for 940 target. No matter CI is heading up or tracing back, selective 2nd and 3rd liners may continue performing. During this CNY rally, 2nd and 3rd liners may have better capital gain than blue chips.

As previous forecasted, market is expected to having upside in Jan-Feb 2006. Some did ask us whether it is the start of Super Bull Run. Our analysis shows that it is too early to conclude this statement. On the other hand, if the buying sentiment is persistently increased, no doubt it may induce big players to inject or increase their investment portfolio. Some Economists have started to forecast positive economic projection data for year 2006.

 

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MARKET iN TOUCH - 08 JAN 2006

CI at 4 Jan upturn 4.28, 5 Jan hike 9.53 and 6 Jan up 5.01. 911.67 denotes the return of buying sentiment may drive market to higher points during this CNY Rally. But it has to encounter minor retracement in next few trading days in order to go further. Upside with no retracement is normally not long lasting. The support for the minor retracement is 905-908 points. The next resistances faced are 920 and 940 points before it can break 950.

 

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MARKET iN TOUCH - 26 Dec 2005

Market is forecasted to be good in Jan-Feb 2006, many good 2nd & 3rd liners may have chances to rebound from its history low hit in year 2005. For short period, CI resistance at 900 and support at 890. Though market may not have huge upside for the last week of Year 2005, but some counters may have good advancement to close at higher price level as a result of window dresssing effect.

 

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MARKET IN TOUCH - 20 DEC 2005

MARKET IN TOUCH - CI is likely to further continue its upside for next few trading days. It has a good opportunity towards 900 points for short period.

STOCK IN TOUCH - MTDINFRA-W has completed its consolidation, it is expected to rebound in next few trading days. On the other hand, watch out OSKVI, the upside may be intterupted anytime from now.

MARKET IN TOUCH - 11 DEC 2005

CI may further rebound in this week, as the negative sentiment had been digested. But it may have no aggresive upside at the moment.

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HOMEPAGE UPDATED - 27 Nov 2005

Our homepage, http://STOCTOUCH.tells.it again updated.

HOMEPAGE UPDATED !!!

Our homepage again updated today, please log on using http://STOCTOUCH.tells.it for better viewing. Thank you.

SBBS COUNTER BROKE RM0.08 SUPPORT - NEGATIVE OUTLOOK ON REBOUND

SBBS has dipped below its support leve at RM0.08, it denotes the negative impact of rebound target to RM0.17.

END YEAR WINDOW DRESSING

Some may consider to buy at this history low price waiting for window dressing in the end of this year, what say you?