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Wednesday, April 9, 2008

3:19 am - KLCI is slowing trying to break the support @ 1226


3:10 pm - KLCI is dragging its feet moving sideway

Congestng between 1230/1227. It may close in negative terriority.

12:35 noon - KLCI closed slightly higher +2.07

The volume is low too. Let's see how it wud look like at the end of the day.

11:48 am - Top Glove is going to have a wide range bar today !

It may run for a few day !

10:06 am - Top Glove is ready to move higher.

It is eating up all the ask price by seller.

(Cannot upload chart)

9:50 am - There is a follow thru for Top Glove. Professionals are buying.

CIMB has been prompting for ppl to buy Top Glove. Yesterday volume was great !

(Cannot upload chart)

p/s: In the back of my mind, this is where professionals are unloading their inventories to the unsuspected buyers.

9:30 am - KLCI is seeing some rebound with a COG.

However, volume is lower.

(Cannot upload charts)

Let's see if the volume can sustain the uptrend. Sime and few plantation counters are pushing our KLCI.