ZLBT Random Stock Pick >>> AZRB (7078)

Technical Comments: Due to overbought technical momentum, any further rally on AZRB towards RM1.10 (14/2/12 peak) or higher should encourage selling prior to profit-taking correction ahead, while retracement supports are at RM1.03 (76.4%FR) and 96sen (61.8%FR).

AZRB (7078)

As of 16 July 2013, AZRB has been on a strong uptrend as suggested by the upward sloping 20-Day and 50-Day Moving Averages. In addition, the price just broke the resistance of 1.08 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout. HAPPY TRENDING

ZLBT's Random Stock Pick 27 Apr 2013 >>> TOMYPAK (7285)

TOMYPAK has been trading above its upward sloping 50-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 1.30 & 1.38 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful 1.80 target.

 TOMYPAK 's FA looks pretty enough?
Note EPS & PE

RECOMMENDATIONS

BUY ON DIPS

Cutloss 1.30

Target 1.80 

GOODLUCK 

ZLBT's Random Stocks Selection >>> 30 x Middle Rangebound Stocks For Your Perusal

Top 30 Mid BB Rangebound Stocks

 *Note: To qualify in this list above, the first sorting criteria is stock price must have just climbed or stayed ABOVE the middle Bollinger Band, followed by a second criteria that trading volume for the day must be significantly strong. This is a good watch list for momentum traders looking for short-term BUY ideas, as they are laggards with good upside potential towards the upper Bollinger band or higher to TAKE PROFIT/SELL. 

Caveat: Some stocks may continue to stay rangebound and trade sideways, hence traders should refer to their respective charts to spot accumulation (volume growth) or breakout patterns.

GOODLUCK 

ZLBT's Random Stock Pick >>> Keladi Maju Bhd (6769)

KELADI (6769) has confirmed a bullish "Ascending Triangle" pattern with a 1.5 sen single-day advance to 21.5 sen.

 

Ascending triangles have a distinct bullish bias in that the chart pattern depicts the convergence of a horizontal resistance and an upward sloping support line as compared to the "Pennant" formation.

 

More importantly, the upside volatility breakout of the 20.5 sen resistance line on KELADI's daily chart marks a bullish continuation of an uptrend that extends as far back as a year. We reckon that the bullish move should carry the share price higher towards 24.5 sen in the coming weeks, and traders may consider buying in between 20.5 sen and the current 21.5 sen level.

 

Correspondingly, a stop-loss of 18.5 sen should also be placed.

 

Technical Ratings

Resistance 2 : RM0.23

Resistance 1 : RM0.22

Current Price : RM0.215

Support 1 : RM0.205

Support 2 : RM0.195

Action : Buy

 

GOODLUCK

ZLBT Random Stock Pick >>> PERISAI 0047

The price of PERISAI (0047) has increased by more than 4% while trading volume of the last trading day is higher than the average volume over the past 50 days. It is also observed that the MACD line is below the signal line indicating some short-term price weakness. Technical rebounds can lead to further uptrend possibilities.

Perisai need to overcome 90sen (76.4%FR) to enhance upside to the upper Bollinger band (96sen) where profit-taking resistance should be strong. Retracement support is at 82sen (61.8%FR).

We like Perisai as a small cap exposure as net profit is expected to almost triple in this FY before normalising in FY13. As it has long-term contracts for its pipe lay vessel, MOPU and about 50% its marine vessels, earnings visibility is good and stable. Besides, we do not discount the possibility of it acquiring more strategic assets to venture into marginal field activities in the near-term. 

Perisai Petroleum

Recommended BUY on weakness 

Midterm Target >>> RM1.30 

ZLBT's Weekend DJIA Charts 20/08/2011

Less said the better
A picture speaks a thousand words
And there are 2 ......

HAPPY WEEKEND

Try ..... ??? :P

Technical Analysis : FBMKLCI 28/07/2011 / 综合指数 2011年07月28日

FBMKLCI 28/07/2011

Due to the over-night correction of the US market, the KLCI experienced a slightly stronger selling pressure on Thursday, with its intra-day low reaching 1544.96 points. However, the KLCI started to regain some of its earlier losses in the afternoon session, while managed to close slightly above the 1551 WinChart automatic Fibonacci retracement. Support for the KLCI remains at 1551 WinChart automatic Fibonacci retracement while the resistance is at 14, 21, 31 EMA dynamic resistance followed by the 1568 WinChart automatic Fibonacci retracement.

As indicated by B, total market volume increased about 1% on Thursday, with volume still above the 40-day volume moving average. This suggests that the market is actively participated. However, due to an obvious higher number of losers over winners, it suggests that the selling pressure was rather strong on Thursday.

As indicated by C, the Stochastic stays below the 30% level, and this suggests that the short term movement of the KLCI is still weak.

In conclusion, after breaking below the L1 uptrend line, the KLCI short term movement has been staying week, and together with the sensitive reaction of regional markets to the worry of default of the US, the KLCI is less likely to regain its strength. Technically, as long as the KLCI is still below the 14, 21, 31 EMA, the technical outlook for the KLCI shall stay negative. Next support for the KLCI is at 1500 psychological level.

综合指数 2011年 07月 28日

由于隔夜美国大幅度下调，导致马股周四出现偏强的套利活动。如图中箭头A所示，富时大马综合指数（综指）周四虽然一度下滑至1544.96点的最低点，惟午盘后开始回弹，在1551点费氏支持线以上挂收，按日下跌6.26点或0.4%。综指当前的支持水平继续是1551点的费氏线，而阻力水平却是14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）及1568点的费氏线。

如图中箭头B所示，马股总成交量周四微增1%，而成交量也继续处于40天的成交量平均线以上。虽说若成交量能保持在40天VMA以上表示市场的交投已经达到足够的水平，但是由于周四下跌股项明显多过上升的股项，这表示周四的卖压比资金流入的购兴来得强。

如图中箭头C所示，随机指标（Stochastic）依然处于30%水平以下的短期弱势区域里，这表示综指短期走势还是偏弱的，直到随机指标能成功的上扬突破30%水平为止。

总的来说，综指自跌破L1的上升趋势线后，短期走势逐渐偏弱，再加上区域股市也对美国当前面临的债务问题也出现了敏感的反应，因此综指暂时未有转强的讯号。以技术而言，只要综指继续在14、21、31天EMA动态阻力线遇阻的话，那短期的技术展望将是偏弱的。综指下一道支持水平落在1500点的整数水平。

祝你好运

ZLBT Random Charts

Please click on image to ENLARGE

 Thank you for visiting ZLBT

ZLBT Morning Views : Bursa Malaysia + Wall Street

Bursa Malaysia May Continue Winning Streak Today
The Malaysian stock market has finished higher now in three straight sessions, adding just over 6 points or 0.4 percent along the way. The Kuala Lumpur Composite Index finished just below the 1,530-point plateau, and now analysts are expecting the market to extend those gains when it kicks off trade on Thursday.
The global forecast for the Asian markets remains optimistic following upbeat economic news from the United States and continued solid earnings reports. Gold miners and retail stocks figure to lead the markets higher, although oil companies may be dented by profit taking. The U.S. markets finished mostly higher and the European bourses were mostly so, and the Asian markets also figure to track to the upside.

The KLCI finished slightly higher on Wednesday as solid gains from the financial shares were offset by weakness from the property stocks and plantations.

The benchmark FBM KLCI is hovering around the key resistance of 1,530 and once it breaches this level, the next resistance would be at 1,550.

Meanwhile, the ringgit continued to chart a new 13-year high versus the US dollar, riding on the weakening greenback.

At 5pm, the local unit stood at 2.9780/9801 as investors awaited the outcome of the US Federal Reserve's decision on interest rates yesterday.

For the day, the index added 2.57 points or 0.17 percent to finish at 1529.91 after trading between 1,526.58 and 1,534.69. Volume was 1.114 billion shares worth 1.431 billion ringgit. There were 454 decliners and 320 gainers. Volume on the Main Market increased to 832.859 million shares worth RM1.365 billion from 793.167 million shares, worth RM1.221 billion recorded on Tuesday.Among the actives, Genting, AMMB, CIMB Holdings and Sime Darby all finished higher, while Tenaga Nasional, Digi.com and BAT ended lower.

Transperant Fed Propels DJIA North Of 12600

Wall Street offers a positive lead as stocks saw some further upside during trading on Wednesday after showing a strong upward move in the previous session. The markets benefited from a positive reaction to the Federal Reserve's latest monetary policy announcement and Chairman Ben Bernanke's accompanying news conference. While stocks showed a lack of direction in morning trading, buying interest emerged as traders digested the Fed's monetary policy announcement.

As expected, the Fed once again left interest rates unchanged at near-zero levels and indicated that it will continue its asset purchase program through the end of June. In the statement, the Fed noted that the economic recovery is proceeding at a moderate pace and said overall conditions in the labor market are improving gradually. Stocks saw further upside as Bernanke held his news conference later in the afternoon, with the Fed Chief predicting that the economic recovery would continue at a moderate pace and reiterating that measures of underlying inflation remain stable despite recent increases in commodities prices. The Fed Chairman also noted that monetary policy actions must be taken with an eye toward future due to the delayed impact of policy changes.

The Dow Jones Industrial Average (DJIA – 12,690.96) settled on an impressive gain of 95.6 points, or 0.8%, as all but two of its 30 components powered higher. In the process, the Dow collected its first daily close above 12,600 since June 5, 2008, and its highest settlement price since May 20, 2008. On an intraday basis, the index tagged a new multi-year peak of 12,708.37. General Electric paced the 28 advancing blue chips, thanks to bullish comments from its CFO, while Cisco Systems was the lone Dow member to finish in the red. United Technologies finished flat.

The S&P 500 Index (SPX – 1,355.66) topped out at 1,357.49 in intraday action, before ending with a gain of 8.4 points, or 0.6%. Today marks the SPX's best daily finish since June 17, 2008. Finally, the Nasdaq Composite (COMP – 2,869.88) rounded out the rally by adding 22.3 points, or 0.8%. The COMP peaked at 2,870.80 today -- in territory the index hasn't explored since January 2001.

Earlier in the day, the Commerce Department released a report showing that new orders for manufactured durable goods increased by much more than anticipated in March. The report showed that durable goods orders surged up by 2.5 percent in March following a revised 0.7 percent increase in February. Economists had expected orders to increase by 1.9 percent compared to the 0.9 percent drop that had been reported for the previous month.

On the earnings front, aerospace giant Boeing closed up by 0.8 percent after reporting first quarter earnings of $0.78 per share on revenues of $14.9 billion. Analysts had expected earnings of $0.72 per share on revenues of $15.13 billion. The company also reaffirmed its 2011 guidance.
 

HAPPY TRADING & GOODLUCK2ALL

ZLBT Morning Views >>> BURSA MALAYSIA

KL Stocks To Rise On Wall St. Overnight Gains
The Malaysian stock market has finished higher in two of three trading days since the end of the two-day losing streak in which it had retreated more than a dozen points or 0.8 percent. The Kuala Lumpur Composite Index finished just above the 1,530-point plateau, and now investors are anticipating continued support at the opening of trade on Thursday.

The global forecast for the Asian markets is broadly positive on solid earnings news and economic data. Technology stocks are expected to fuel the rally, along with energy producers - while financial shares could see some consolidation. The European and U.S. markets finished firmly higher, and the Asian bourses are also expected to track to the upside.

The KLCI finished modestly higher on Wednesday on gains from the financial shares, property stocks and plantations.
Testerday, the FBM KLCI collected 9.49 points or 0.62 percent to finish at the daily high of 1531.02 after falling as low as 1,525.90. Volume was 1.270 billion shares worth 1.809 billion ringgit. There were 473 gainers and 288 decliners.

Among the actives, Genting, IOI Corporation, Tenaga Nasional, Petronas Chemical and Digi.com all finished higher.

The lead from Wall Street is optimistic as stocks continued to perform well throughout the trading session after moving sharply higher in early trading on Wednesday. The markets benefited from a positive reaction to the latest batch of earnings news, further recovering from the sell-off seen on Monday. The considerable strength that was visible on Wall Street was largely due to better than expected quarterly results and upbeat guidance from big-name companies.

Wall St. major averages moved roughly sideways throughout the afternoon, closing firmly in positive territory. The Dow surged up 186.79 points or 1.5 percent to 12,453.54, the NASDAQ jumped 57.54 points or 2.1 percent to 2,802.51 and the S&P 500 climbed 17.74 points or 1.4 percent to 1,330.36. With the upward moves, the Dow reached its best closing level in almost three years and the NASDAQ reached a two-month closing high.

The U.S. market spinoff is expected to have a positive affect on Bursa Malaysia at the opening bell today.

In economic news, Malaysia's consumer prices rose at a faster annual pace in March, the Department of Statistics said on Wednesday. The consumer price index increased 3 percent year-on-year in March. In February, inflation was 2.9 percent. Economists were looking for an inflation figure of 3.1 percent. Month-on-month, prices edged up 0.1 percent in March. In February, the increase was 0.5 percent. During the January to March period, prices rose 2.8 percent from last year.

GOODLUCK2ALL

ZLBT Random Stock Pick >>> Public Bank (Code : 1295)

Public Bank (1295)

HAPPY TRADING & GOODLUCK2U