List of Oversold & Overbought Stocks 24 June 2013

GOOD LUCK

ZLBT's Selective Overbought & Oversold Stocks >>> 24 Dec 2012

DISCLAIMER

The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.

Middle Bollinger Bands Rangebound Stocks x 30 For Your Perusal

*Note: To qualify in this list below, 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 range bound and trade sideways, hence traders should refer to their respective charts to spot accumulation (volume growth) or breakout patterns.

 DISCLAIMER

The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.

 

GOODLUCK2ALL  

30 x Middle Bollinger Range Bound Stocks 4ur Perusal

*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 range bound and trade sideways, hence traders should refer to their respective charts to spot accumulation (volume growth) or breakout patterns.

DISCLAIMER

 The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.

 HAPPY TRADING 

Bearish Mode Engulf Stocks, Index Futures

FBMKLCI, FKLI  DRAG BY REGIONALS
The FBM KLCI ended lower yesterday as regional index finished in mixed tone pending the result from U.S white house to whether raise the debt ceiling or default. Other news to follow.

Stock markets in Tokyo, Hong Kong and Sydney all ended lower Wednesday, as U.S. debt worries maintained their grip on the region’s investors. Japan’s Nikkei Stock Average JP:NIK -0.49%  closed the session down 0.5% amid strong levels for the yen, while Australia’s S&P/ASX 200 AU:XJO -0.79%  finished with a 0.8% loss after stronger-than-expected consumer inflation data raised the possibility of another interest-rate hike and sent the Australian dollar to a fresh pHong Kong’s Hang Seng Index HK:HSI -0.14%  managed to breach positive territory for part of the session, but weakness in shares of export-focused firms dragged the benchmark to a 0.1% loss. Among the region’s winners, the Shanghai Composite index CN:000001 +0.76%  ended with a 0.8% gain.

Local stock market is having tough time to sustain its recovery amid concern over possible debt crisis in the U.S market. Investors tend to book their profit earlier when the stock index rose as high as 1,565 level but the selling pressure overcame the market on late afternoon session. It is a waiting game at the moment. If the US politicians produce a plan to raise the debt limit, the outlook will turn bullish. It is likely that the politicians will wait for the rest of the week before agreeing on some sort of plan. Conversely, their failure to do that will turn the outlook bearish for both foreign currencies and stocks. The FBM KLCI retreated about 3.60 points to 1,558.17 level yesterday.

Technically, index futures is trending downwards with series of lower highs formed on hourly chart and daily chart as well. Fresh and stronger selling momentum would be materialize if the index futures breach below the previous lows. Furthermore, sentiments does not looks good on index futures as it closed 7 points lower to 1,552 level yesterday after it dip as low as 1,549.50. Previous low / Support area @ 1,547 is vulnerable if there is no positive news over debt-limit talks in the US soon.

Daily Pivot Point

R2= 1566

R1= 1559

S1= 1547

S2=1542

HAPPY TRADING

FBMKLCI / FKLI Oversold >>> Rebound?

Stocks & Futures Drifting Lower With Regionals
Stock index ended in red territory amid weakness across regional market yesterday. The indecisive decision on white house motion to pass the debt ceiling remain pending from all the senate. Bank stocks led European markets lower yesterday as the looming deadline to raise the U.S. debt ceiling and a further downgrade of Greece’s rating also spread to the Asian market. The FBM KLCI shed about 5.46 points to 1,559.60, second weakness so far. Major weakness identify on FBM KLCI as it has formed a lower high formation on daily chart, it could a beginning of down trend if it could violated the previous low below 1,550 level.

Technically. for index future the downside risk is higher at the moment as the index is staying below the resistance trend line. Market yet showing any promising of recovery as long as the resistance trend line is left un-touch. More lower high formations are also visible on the any time frame for index futures, indicating strong bearish sentiment.   

Daily Pivot Point

R2=1564

R1= 1560

S1= 1555

S2=1553

HAPPY TRADING

FRASER AND NEAVE CONFIDENT OF THE FUTURE (after losing Coca Cola Franchise Agreements)

F&N CONFIDENT OF THE FUTURE

Kuala Lumpur, 19 February 2009 - F&N Holdings Berhad (F&NHB) announced to Bursa Malaysia that the Coca-Cola Franchise Agreements, which are due to expire in January 2010 will not be renewed.
The announcement to Bursa Malaysia was in line with relevant listing requirements and good corporate governance and transparency, to ensure that all the key stakeholders are kept updated on material information pertaining to F&NHB.

Mr Tan Ang Meng, F&N Group CEO said “The non-renewal of the Coca-Cola Franchise Agreements announced yesterday, though unavoidable, gives us the opportunity to further build on F&N brand equity, unparalleled market presence and expertise, manufacturing capabilities and outstanding distribution network to realize a potential which was unavailable in the past. As a result of our new status, we are now able to launch new products and venture into new territories and export markets from which we were restricted in the past by the agreements.”

F&N is ready to adapt and chart a new course to realize its vision as a Malaysian-owned world class F&B company.

According to Mr Tan the relationship between The Coca-Cola Company (TCCC) and F&N was a dynamic one and in the course of the collaboration there had been differing perspectives, viewpoints and expectations.

“The Group’s financial position is sound, our business sustainable and diversified and coupled with our resolve and determination, we will overcome and withstand any eventualities. While challenging, our future is indeed bright and we are confident,” Mr Tan added.

The non-renewal of the agreements is not expected to have any material effect on the operating performance of F&NHB Group for the financial year ending 30 September 2009.
A BRIEF OVERVIEW OF F&N COCA-COLA (M) SDN BHD

F&N Coca-Cola is a division of Fraser and Neave Holdings Berhad that supplies and distributes Coca-Cola, F&N Fun Flavours, 100 PLUS isotonic drink, Seasons Asian inspired drinks and Fruit Tree drinks. The company commenced operations in 1936 when F&N Ltd secured the franchise of Coca-Cola in Singapore and Malaysia. F&N Coca-Cola (M) Sdn Bhd (F&NCC) was born as a result of this and today is Malaysia’s largest soft drinks manufacturer and distributor.
In Malaysia, F&NCC’s soft drinks portfolio is dominated by Coca-Cola products and the F&N brands such as F&N Fun Flavours which is the leading player in the fruit flavoured carbonated soft drinks segment in Malaysia. Meanwhile, 100PLUS is a notable local success story, commanding over 90 percent share of the isotonic drinks market. Under the division’s non-carbonated portfolio, SEASONS is currently the number two player in the Asian drinks category while the Fruit Tree and Aquarius brands continue to experience double-digit growth within the juice and water category.

The division registered a 12 per cent increase in revenue to RM1.19 billion for the financial year ending September 2008 from RM1.06 billion last year notwithstanding rising fuel prices and lower consumer sentiment. Overall volume grew by nine per cent, ahead of the nation's GDP growth. Operating profits climbed 13 per cent to RM123 million from RM109 million last year, driven by higher product consumption.

The division's strong showing in the first half of the year was on the back of stronger uptake during the two major festive celebrations, while an active mitigation plan in the second half helped it achieve these results and strengthen its position as the number one soft drinks manufacturer in Malaysia.
In the coming months, the division will continue to strengthem internal capacity and be more focused in the marketplace. It will continue to pursue world-class excellence in distribution to make the brand more readily available, with greater emphasis on market execution and increased efforts in training, including in expanding, empowering and building capability of the sales force across the board.

Over the years, F&NCC has implemented several strategic measures that emphasizes its strong brand presence as well as invest heavily in advertising and promotions, product availability and operational efficiency. We also understand that consumers are always on the lookout for high quality products and excellent services. In line F&N’s food and beverage corporate identity, F&NCC promises to offer healthy enjoyment in exciting ways. As such, the company is well poised to surge ahead in its drive to respond to market trends, meet changing consumer needs and exceed consumer expectations by providing quality products based on the best manufacturing practices to repay its consumers’ support and confidence in the brand throughout the years.

With dedication, commitment and good teamwork, the company is confident that it will continue to grow and its brands will continue to prosper. F&NCC invites its consumers to join them for the ride.

Over the years, the brands in F&N’s stable have continued to grow from strength to strength. Our divisions have worked aggressively to deliver on the respective brand promises through bringing our customers consistent and memorable brand experiences. F&N’s underlying commitment to innovation, quality and excellence undoubtedly enabled the brands in our stable to weather the challenges of the marketplace as well as forge ahead in their respective market segments.

SOME F&N BRANDS

Random Stocks Charts KLK IOICorp Green Packet

Measuring the Dow Bears

Measuring the Dow Bears
Strength of Dow bears will affect KLCI Bulls

After breaking through the critical 7,882 support line, the Dow bears are now aiming at the ultimate bottom prize of 7,449 which was last November’s low. With only 106 points to go, can the bears make it and create new lows? In this report, we will gauge the tenacity of the Dow bears.

The Dow is now obviously bearish with a downward expansion of the GMMA trend lines.
Comparing the width of the downward expansion historically, it can be stated that the Dow is now reasonably bearish, though its bearishness is nowhere near the bearish levels of the October-November periods of last year when the Dow created its ultimate November low.

The Dow is also drifting below all of its MAV lines and its sizable distance below its short
term MAV lines would suggest that the bears are currently in-form and actively scouring the US markets.
Measuring Dow seller strength : The Market finds a bottom after the last seller has sold The CBOE Put Call ratio is a good way to measure selling strength in the US markets. Basically the Put call ratio measures the volume of the Put Options over the Call options. A decreasing trend shows a decreasing amount of sellers in the market. We are pleased to find a trend of decreasing sellers in the S&P market, suggesting that less bearish sellers are willing to bet short on the US markets, in comparison with long buyers. This would suggest that although the bears are now prowling US markets, their strength may be capped, and we may find a bottom soon – after the last big seller has sold.
VIX Index : Validating the reasonable strength of the Bears
The VIX Index is now moving above the short term and mid term lines, indicating a reasonable amount of fear and volatility in the markets and validating the current strength of the bears. However, the VIX Index is nowhere near the peaks of the Nov-Oct period of last year, indicating that the strength of the bears may be capped for now.
Conclusion : Bears strong enough to find new low, but strength capped.
Our conclusion is that while we find the Dow bears reasonably strong, but their strength may be capped due to the fact that the amount of sellers relative to the amount of long term buyers are decreasing.We see the bears establishing new lows for the US markets, but it won’t be far away from the current 7,449 ultimate low. A capped downside in the US markets will also cap the downside for the KLCI in the mid term.

HAPPY TRADING FOLKS!!!

FKLI market Outlook 18/02/09

FKLI market Outlook 18/02/09

The KLCI closed marginally lower at 895.23, -3.3 pts or -0.37% led by plantation stock (-2.57%) on dampening sentiment on CPO prices amid mix closing note in regional market where STI gained 7pts or +0.48%, Nikkei 225 shed 111.07 pts or -1.45% and HSI added 70 pts or +0.55%.

Meanwhile, the FKLI closed in positive tone at 892, +5.5 pts or 0.62%. The FKLI was well defended at 886 levels; however, a convincing breach of 900 levels is required for the bull to take place. We expect the market to open higher today tracking on positive tone of Nikkei and trade in upward bias. The resistance is pegged at 903 (SMA100) and support is at 885. The FKLI is expected to have more downside at current level due to its inability to hold above 900 in recent rally, investors are advised to be cautious as currently the market is slightly directionless.

HAPPY TRADING & GOODLUCK2ALL

综合指数 2009年 02月 18日 / Composite Index 18/02/2009

综合指数 2009年 02月 18日

由于隔夜美国道琼指数暴跌将近300点，所以亚太区域股市也纷纷出现开低的格局，这使到综合指数跌破了布林中频带（Bollinger Middle Band)的动态支持水平（参考图中箭头A）。无论如何，综指周三只下跌3.3点或0.4%，所以只要综指能短期内回升至布林中频带以上的话，那么综指还是有望避开下跌的局势。

如图所示，布林频带还是继续的收窄（-3%），再加上综指依然处于L1及L2线所构成的对称三角形（Symmetrical Triangle）里，这表示综指目前继续的处于巩固格局中。换句话说，综指目前继续的处于调整巩固中，直到布林频带再度打开为止。无论如何，综指的支持水平依然落在885点的胜图自动费氏线，阻力水平则是905点的胜图自动费氏线。

如图中箭头B指示，大马股市交易所的成交量萎缩14.4%，所以成交量继续的处于40天的成交量平均值以下，这表示目前整体市场的交投淡静，投资者依然在综指后市未明朗化之前采取观望的态度，这表示综指倾向于巩固的状态，暂时未能转强。
如图中C圈指示，随机指标跌破了70%的水平，所以随机指标必须短期内回弹并突破70%的水平，否则综指将继续技术调整（Technical Correction)，换句话说，综指短期有开始转弱的风险。

总的来说若布林频带继续收窄的话，综指还是处于巩固的格局中。从技术分析的角度来看，最好的调整是横摆；综指将继续的维持现状，直到布林频带重新打开，届时综指的新趋势将取决于综指处于布林中频带的相应位置。

Composite Index Daily Technical Analysis 18/02/2009
As indicated by A, the KLCI ended 3.30 points lower on Wednesday, closing below the Bollinger Middle Band. Meanwhile, the Bollinger Bands Width continue to contract 3%, suggesting that the KLCI is still consolidating.

As shown on the chart above, the L2 and L1 Symmetrical Triangle remains in place, while the support for the KLCI is still at 885 Automatic Fibonacci Retracement; resistance for the KLCI is still at 905 Automatic Fibonacci Retracement.

As indicated by B, total market volume declined 14.4%, with the volume below the 40-day VMA level. Again, if volume should stay below the 40-day VMA level, it suggests that the overall market participation is still insufficient, as the KLCI direction is still unclear. Without sufficient market participation, the KLCI is likely to consolidate further with some downside biased.

As circled at C, the Stochastic break below 70% level, giving a signal suggesting a beginning of a technical correction. Therefore, the KLCI has ended its short term bullish signal. Unless the Stochastic could return to above the 70% level in the near future, the short term market movement of the KLCI is expected to turn weak.

The KLCI is dragged by the overnight Dow Jones Industrial Average losing nearly 300 points, coupled with the losses in most Asian markets. However, with the Symmetrical triangle still in place, the KLCI is set to consolidate further.
HAPPY INVESTING

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HAPPY TRADING

Dow exploring lows >>> KLCI uptrend in peril

Dow exploring lows
KLCI uptrend in peril
The Dow has now broken the 7,882 support convincingly. There is no doubting the Dow
bears now, it is intent on testing the strength of the ultimate low of 7,449. If it is strong enough, it could also possibly even be creating new lows. The “deep sea explorations” of the bears will introduce perils to global markets and our KLCI.



KLCI : How badly will the KLCI bulls be hit?
While some last-minute buying activity helped to provide some consolation to the KLCI’s bearish session yesterday, the KLCI today will still be put in grave danger by the Dow bulls. The critical support band of the KLCI is pegged at the 890-900 level. Right now we are 8 points away from this level. Our only hope that the KLCI uptrend won’t be ruined today would be the marginally decreasing correlation between the Dow and the KLCI in the last
few weeks.

As can be seen from the correlation chart below, the correlation between the Dow and the KLCI is still decreasing. Let’s hope that this downward correlation trend will help preserve the KLCI’s critical 890 support today.

HAPPY INVESTING & GOODLUCK2ALL

综合指数 2009年 02月 17日 / Composite Index 17/02/2009

综合指数 2009年 02月 17日

由于受到亚洲区域股市下跌的影响，大马综合指数也不可避免的下挫8.66点，惟如图中箭头A指示，综指精确的在布林中频带（Bollinger Middle Band）上反弹，表示了布林中频带目前依然是综指的动态支持水平。如图所示，布林频带开始收窄2%，这意味着综合正进入巩固的格局。

另一方面，综指形成了一个对称三角形（Symmetrical Triangle），图中L1线为动态支持水平，L2线则是动态阻力水平。对称三角形表示综指正处于巩固的状态，所以综指接下来的走势将继续的维持在一个巩固的状态，直到综指成功突破L2或跌破L1线为止。无论如何，885点的胜图自动费氏线依然是综指的支持水平，905的胜图自动费氏线则继续是综指的阻力水平。

如图中箭头B指示，大马股票交易所的成交量比昨天减少了11.2%，所以成交量继续的处于40天的平均值以下，这表示了目前市场的交投还是属于淡静的。一般来说，当综指正处于巩固格局时，成交量减退也是很正常的。无论如何，如果综指要突破L2线后形成上扬趋势的话，那就必须要配合成交量达到40天的平均值以上来确认突破的讯号，届时综指才有望恢复转强的局势。

如图中C圈指示，随机指标（Stochastic）在试探着70%的支持水平，若随机指标跌破70%水平的话，那么将表示综指出现短期技术调整，同时也暗示着综指后市有转弱的风险。
总的来说，综指目前所形成的对称三角形也配合了布林频带收窄的讯号，这是技术分析中一个重要的讯号。综指目前的将继续的维持巩固的状态，直到布林频带重新打开或综指突破对称三角形为止。

Composite Index Daily Technical Analysis 17/02/2009
As indicated by A, the KLCI ended lower on Tuesday, with its daily low precisely supported by the Bollinger Middle Band before closing at 898.53 points. Therefore, the Bollinger Middle Band is still serving as the dynamic support for the KLCI.

As shown on the chart above, the Bollinger Bands Width started to contract 2%, suggesting the KLCI is now consolidating.

Meanwhile, the KLCI is forming a symmetrical triangle with L1 being the dynamic support and L2 being the dynamic resistance.

The symmetrical triangle also suggests that the KLCI is at its consolidation as the market direction is still unclear until a valid break out above the L2 or below the L1. Nevertheless, other supports for the KLCI remain at 885 Fibonacci Retracement while the 905 Fibonacci Retracement is still a resistance for the KLCI.

As indicated by B, total market volume decreased 11.2% on Tuesday, with volume staying below the 40-day VMA level. This shows that the overall market participation still low as investors are still being cautious while staying on the sideline. Nevertheless, it is generally normal to have lower volume during a consolidation, but if the KLCI should break above from the Symmetrical Triangle, volume above the 40-day VMA level is a must to confirm a valid break out.

As circled at C, the Stochastic is testing the 70% level, while still holding up at the short term bullish region. If the Stochastic should break below 70% level, it would be a signal suggesting beginning of a technical correction, thus the KLCI short term movement is expected turn weak.

In short, the formation of the Symmetrical Triangle is in line with the contraction of the Bollinger Bands Width. Until a valid break out of the Symmetrical triangle or a re-expansion of the Bollinger Bands Width , the consolidation of the KLCI is expected to continue.

HAPPY INVESTING & GOODLUCK2ALL

Random Stocks / Charts KLCI Landmarks MRCB PuncakNiaga QSR

Random Stocks / Charts KLCI Landmarks MRCB PuncakNiaga QSR

FKLI Market Outlook 17/02/09

FKLI Market Outlook 17 Feb 2009

The KLCI start the week marginally lower to end at 907.19, -2.65 pts or -0.29% in line with weakness in regional market where STI shed 22.33 pts or 1.31%, Nikkei 225 fell 29.23 pts or -0.38% and HSI eased 98.79 pts or -0.73% amid concern on rising crude oil prices. FKLI was off high in the second session resumed trading after Bursa halted the trading on the equities and derivatives market from 12:19pm due to technical glitch. The spot month contract ended 1.5 pts lower to settle at 909, which is 2 pts premium to the cash. Turnover for spot month contract reduced to 3,719 contracts from 6,075 contracts as investors tend to stay sideline and remain caution on US market closed for President’s day on Monday. On technical side, the chart is well supported at 905 (SMA100) and RSI is seen at 57.8.

We expect there will be a small rally FKLI in coming trading days as Malaysia government is planning to announce its stimulus package, which is believe can help to lift up the market sentiment. Besides this we can hardly find any other positive factors that are likely to lead the market gain, so FKLI maybe traded in tight range bound pattern. A better approach now is to go for long, investors may long around 905 levels with tight stop-loss at around 899 as breach below 900 may indicate bearish trend is on track. Resistance is at 915 while support is pegged at 905.

HAPPY TRADING