Technical | Fundamental Analysis Discussion Stocks Listed In Bursa

Friday, January 16, 2009

Stocks Compilation Table 4

By Zhuge Liang
The table below is a compilation of actively traded stocks with their stop-loss, support and upside targets together with some popular technical indicators. Stock name in bold represents stocks that are expected to attract momentum trading plays and hence encourage retail or short-term trading participation. Share price in bold reflects revised stop-loss, support and upside targets. Recommendation (REC) in bold indicates changes to recent technical calls.

Despite strong breakout rallies enjoyed by lower liners such as Lion Ind, MRCB, Ranhill and UEM Land yesterday, we remain bearish short-term and reiterate our call to SELL given the extremely overbought technical momentum. Meanwhile, BCHB, Gamuda, IJM Corp and TM are downgraded to SELL given weak buying momentum and late attempts to prop up prices which should prove unsustainble.

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