Technical | Fundamental Analysis Discussion Stocks Listed In Bursa

Wednesday, January 28, 2009

Stocks Compilation Table 6

Stocks Compilation Table 6 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.

We continue to recommend Buy on Dip AMMB and BCHB given the oversold condition on short-term momentum indicators, but revert to Sell on Rally Maybank with immediate upside seen capped below RM5.70. Revert to Buy on Dip TM following the recent decline for technical rebound gains, while we reiterate call to Buy on Dip UEMLand, WCT and Zelan which are expected to see more concerted buying interest on any short-term dips.

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