Outlook for KLCI component stocks - 1 Aug 2016
Ambank - Neutral/bearish : 10c downside
Astro - Neutral/bullish : possible bullish flag
Axiata - Neutral/bullish : possible developing bullish flag
BAT - Bearish : T + 3 on huge profit shock down day of 1.4+million shares
CIMB - Bullish : 10c upside
DIGI - Neutral : 5.00 resistance v upcoming dividend
Genting -Bearish : 20c downside to support
GenM - Bearish : min 5c downside to first support
HLBank - Neutral : 12c downside to 13.00 support
HLFG - Bearish : 22c downside to 15.00 support
IHH - Bearish : min 4c downside to minor support
IOICorp -Bullish : multiple doji showing support +bullish pennant
KLCC -Neutral/bullish : developing bullish continuation uptrend
KLK -Bullish : flatline base building support
Maybank-Neutral/bullish : possible 8.00 strong support
Maxis - Bullish : likely consolidation pattern support
MISC - Bullish : bullish support pattern completed
PChem - Neutral/bearish: possible 30c downside to support
PetDag - Neutral/bearish: possible 26c downside to 23.00 support
PetGas - Bullish : Bullish pennant formation
PPB - Neutral : Possible 40c downside to strong support v hi volume base pattern
PBBank - Bullish : Uptrend continuation pattern
RHBBank - Neutral : No comment
SKPetro - Bullish : Base building at lows
Sime - Bearish : Possible 22 -30c downside to strong support
TM - Bullish : Ascending triangle completed
Tenaga - Bullish : Possible breakout from completed consolidation
UMW - Bearish : Possible 20 - 50c downside to strong support
WPRTS - Bullish : Breakout from c & h
YTL - Neutral : No discernible pattern
V Bullish = 3
Bullish = 2
Neutral/bullish = 1
Neutral =0
Neutral/bearish =-1
Bearish = -2
V Bearish = -3
RATING = +11 ( mildly bullish )