BURSA MALAYSIA SECTOR ANALYSIS

In according to my Technical Analysis based on today's closing, i am in the opinion that all sectors are BULLISH EXCEPT FOR TECHNOLOGY AND PROPERTY. Most of them are on the top end of their price channel. Therefore, be cautious on the price weakness, protect your profit. While i've taken all available profits today, i am leaving my property stock long.

Based on the price action, i think property sector has just started its uptrend. It might weaken when KLCI take a breather, but i suppose it will hold. Volume has just started to turn around.

TECHNOLOGY? If you are holding any of them, please unload. It is trending south. Deep south.

Happy Investing!

Three main currencies that bringing money into Malaysia in year 2008

I realized today that Ringgit grow stronger against 3 major currencies in 2008. They are HK Dollar, US Dollar (USD weakening actually), GB Sterling.

I show you how Ringgit performed in the past 6 months against those currencies below.

I hope economists can provide some reasons.

Inclusion into uptrending list, as of 31 Dec 2007

Melati
Kretam (& Kretam-WA)
Hiaptek
Tamadam
Shang

2 Jan 2008 Stock Watch

Hunzpty
- ready to enter at 2.71. ideal entry at 2.70. Stop Loss 2.64

Ytlpowr
- ready to enter at 2.70. ideal entry at 2.62. Stop Loss 2.50

Arreit
- ready to enter at 1.00. ideal entry at 0.99. Stop Loss 0.945. This stock is struggling to decide on its take-off to the sky. Watch out closely.

Jaks
- buy more at lower price.

Suninfra
- watch if it can close abv 0.385.

Gpacket
- looked like it's going to test its 60days high at 2.99

Uptrend Stocks under weakness

These are stocks to consider buying under its current weakness in price.


Bertam
Kianjoo
Ptgtin
Redtone
Tchong (looks like its gonna end its uptrend...)
Twrreit