Outlook for KLCI component stocks - 16 Aug 2016

Ambank - Bullish              : Base built, chasing dividend

Astro     - Neutral/bullish  : possible bullish triangle,awaiting 3.00 breakout

Axiata   - Bullish               : unfolding bullish flag

BAT      - Neutral/bullish  : Probable 2.00 upside

CIMB    - Neutral               : 4c upside to fairly strong resistance

DIGI     -  V Bullish            : High tight flag

Genting -Neutral/bullish : Irregular base + 19c possible upside

GenM   - Neutral              : trendline support holding

HLBank - Neutral/bullish: 13.00 support held,base possibly nearing completion   

HLFG    - Neutral              : 15.00 support held,1.30 gain since then may need to be consolidated

IHH       - Neutral/bullish  : Upward bias after 10 mth consolidation between 6.30-6.70

IOICorp -Bullish               :Previous call panned out; bullish flag developing

KLCC    -Neutral              : Previous call panned out;further consolidation looks likely

KLK       -Bullish              : flatline base building support

Maybank-Neutral           : 8.00 broken but could be bear trap

Maxis     - Neutral            : Previous call panned out;6.40 resistance imminent

MISC     - Bullish             : Previous call panned out; no change

PChem  - Neutral/bullish: Bullish bias after base built

PetDag -  Neutral/bullish: Bullish bias after base built

PetGas - Bullish              : Possible c & h

PPB      - Neutral            : One day drop to strong support ; no discernible pattern

PBBank - Bullish            : Previous call on the mark; no change

RHBBank - Neutral/bullish: Possible rebound back to 5.10 resistance

SKPetro  -  Neutral         : Previous call spot on; immediate resistance at 1.60

Sime       - Bullish           : Previous call wrong ; upside breakout from  2 month base

TM          - Neutral/bullish:Ascending triangle turned into a longer base

Tenaga   - V Bullish         : Previous call spot on; continues

UMW      - Neutral          : Previous call wrong; turned into upside breakout from high tight flag

WPRTS  - Neutral          : Breakout yes, but hit a brief high & retreated

YTL         - Neutral/bullish: Bullish triangle/pennant developing

V Bullish = 3

Bullish = 2

Neutral/bullish = 1

Neutral =0

Neutral/bearish =-1

Bearish = -2

V Bearish = -3

RATING = +32 ( moderately bullish )