Google+ Followers

Sunday, 4 October 2015

5 Oct-9 Oct 2015 Malaysia's Market Outlook

"Will it be a Bull Trap?"

Weekly Trend: Trending up with downside bias

FBMKLCI formed higher low and lower highs in the past 6 weeks. This suggests a bullish signal from technical point of view.

Support: 1620
Resistance: 1655

Support level pledged at 1620 while resistance level at 1655. we shall see further correction if 1620 level being violeted.

Sector in focus: Consumer. Drought causing the hike of raw food prices amid haze issues.

Stocks picked for next trading week:
1. Oldtown: TP 1.42, 1.58 SL 1.24
2. Bonia: TP 0.81 SL 1.24
3. Supermx: TP 2.20, 2.30 SL 1.92
4. Penta: TP 0.84, 0.90 SL 0.75
5. Unisem: TP 2.23, 2.30 SL 2.01
6. Comform: TP 0.865 SL 0.790
7. SunCon: TP 1.31 SL 1.16
8. Armada: TP 1.15 SL 0.885
9. Malakof: TP 1.86 SL 1.59

Please like us at our facebook page - Bursa Blue Ocean

Bursa Blue Ocean (by MIVCO)

Disclaimer and Declaration

The information is meant for the members of Bursa Blue Ocean (BBO). Disclosure and distribution of the message without the permission of BBO is prohibited. The full content of the article and write ups are for educational purposes only and should not be used as investment recommendations. We are not responsible for all investment activities conducted by the participants and cannot be held liable for any investment loss.

1 comment:

  1. Copper prices fell as investors locked in profits and the dollar firmed amid uncertainty over demand in top metals consumer China
    Currency Tips