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 )