Outlook for KLCI component stocks - 20 Sep 2016

Ambank - Bullish              : Decreasing velocity of decline, resting on possible downtrend line support

Astro     - Neutral/bullish  : Possible consolidation,in preparation for 3.00 breakout

Axiata   - Bullish               : Long tail on daily candle signalling possible rebound off 5.20/5.30 support

BAT      - Neutral/bullish  : Probable breach of 50.00 resistance in anticipation of better results/dividend

CIMB    - Bearish             : 15 c downside to first strong support

DIGI     -   Neutral/bullish   : Possible long tailed doji reversal signal today, off possible reverse H&S neckline

Genting -Neutral/bullish : Upside of 25/30c to possible large ascending pennant

GenM   - Neutral              : Indeterminate consolidation pattern

HLBank - Neutral/bullish: Rebounded off 12.80 support v low volume

HLFG    - Neutral              : Indeterminate pattern

IHH       - Neutral               : Indistinct consolidation pattern

IOICorp -Bullish               : Still on medium-term uptrend

KLCC    -Neutral/bullish : Still in uptrend mode

KLK       -Bullish              : Possible uptrend starting with 1.00 upside

Maybank-Neutral           : Probable doji signalling possible reversal back to 8.00 support-turned-resistance

Maxis     - Bearish          : Possible new downtrend back to 5.70/5.80 target

MISC     - Neutral/bullish  : Spinning top candlesticks v possible downside to 7.20 support

PChem  - Neutral/bullish: Short term reversal up likely

PetDag -  Bullish              : Rounding consolidation signals likely new uptrend

PetGas - Bearish             : Possible 75c & downside

PPB      - Neutral/bearish : Toying with strong 16.00 support v. 50c downside

PBBank - Bearish            : Possible breakdown after failure to revisit 20.00 level

RHBBank - Neutral/bullish: 6 consecutive down days; close to 4.60 support

SKPetro  -  Neutral         : Possible support building attempt at these levels v. 7c downside

Sime       - Neutral/bullish : Possible trendline support v 35c downside

TM          - Bullish              : 3 day - 44c drop since breakdown possibly overdone

Tenaga   - Neutral/bullish : New consolidation in overall bullish pattern

UMW      - Neutral/bullish : Bullish consolidation possible

WPRTS  - Neutral/bullish : Consolidation within uptrend

YTL         - Bullish               : Still in clear uptrend after bullish triangle/pennant developed(see last call)

V Bullish = 3

Bullish = 2

Neutral/bullish = 1

Neutral =0

Neutral/bearish =-1

Bearish = -2

V Bearish = -3

RATING = +18 ( moderately bullish )