Next Master the Markets Foundation Course 1.5 days - Sept 14-15, 2009. Call Dolly 03 4252 4149 to register ! Bursa Malaysia (KLSE) :-) martin_tf_wong@hotmail.com: May 21, 2008

Wednesday, May 21, 2008

5:31 pm - KLCI is holding up at this level. Gap down and closed high with a white candlestick !


2:19 pm - Watch out this counter if it breaks above recent high @ RM6.70


VADs has formed double top and if it can hold above rm6.70, VADs wud see higher closing.

10:54 am - Strength appear from down bar !


KLCI gap down and recovering well from now ! For downtrend, I wud like to see a follow thru in the downbar. If not, the KLCI is still moving sideway.

10:48 am - AMMB is well supported by EPF - Big Players


It is ok to hold on to AMMB.

9:54 am - Bad news for Ramunia but it goes up !



So our teaching of price and volume is the true for the market. Look at this counter ! When bad news like below, Ramunia goes up. Ramunia is well supported at rm 1.20-1.24.









9:46 pm - Maybulk has a double top and will move sideways or downwards until KLCI resume its uptrend.


Put your stop below its pivot. This is Chart of the Week.

9:35 am - PB Bank is going thru profit taking period now !

Take your profit now for a short term trader !

9:13 am - KLCI gap down due to DJIA 193 pts loss


We may see a doji for KLCI today ! If KLCI is bullish, we wud see a upbar from the bottom denoting strength. Let's look at the volume at the end of the day.