Harvest! Broke out flag, high volume, rebounded from 20MA and broke out Bollinger :)

Broke out downtrend line. Broke up resistance. Seems like forming mini uptrend.

MACD blue line leaving apart from red line

Stochastic re-cross up the red line as well.

Volume high.

Broke up Bollinger band upper band and rebounded from 20MA.

Mostly looks good for tomorrow :) Good luck.

*Addition info : It broke out from a flag which is another very good sign.

KLSE: Airasia (Rebound off from 100D and MACD turned green)

From the chart, it shown that the price has rebounded off from 100D. The stochastic started to move up (confirmation can be done when blue line is moving up and away from red). Volume has increased also. Stop loss can be done at 3.31. The next resistance is the 20MA

KLSE: Landmrk (rebound off from 200MA)

As we can see, it rebound off from the 200MA, which is known as a strong support moving average for 3 times. And it shot up at least 10-20%. So how about this time? :)

KLSE: Bimb (Awaiting for flag breakout)

TWSplnt (Wave D has not ended yet)

As I've posted, the wave d started with a fake break below from the trend line. Anyway, it is now undergoing the d-(b) wave. Wave e will start once d-(c) (mini bull wave) has ended.

YTLLand (Potential wave 5 - Bull wave)

The only thing we need to wait now is for the end of wave 4 (correction wave) - 4-c. Once it is ended, which means it needs to be slightly break below the end of 4-(a), the wave 5 will be started. Based on the history, before the wave 3 started, it gone through the similar process. On the other hand, from the MACD, we can see that the blue line is crossing up to form a bullish crossover.

TWSplnt (Wave d on its way)

For triangle formation, normally there are 5 waves - a,b,c,d,e then breakout above or below the triangle. Every wave, they will be splitted into 3 waves. (a),(b),(c). Now its entering wave d. This reason comes with stochastic indicator crossing up from the oversold region. Of course, there is another bullish reversal signal appeared - doji. Wait for confirmation.

KLSE: DRBHCOM (Breakout flag, rebound off from 20MA)

KLSE: TWS (Flag breakout, awaiting resistance breakout)

KLSE: CIMB (Buy signal confirmed)

Bullish hammer formed on 21/12/10, and we can see the shadow line touched the 20MA and the trend line I've drawn. The next day, 22/12 it closed above the hammer. This gave us a confirmation for this bullish reversal.

Then, by lookign at the indicators, MACD pointing up and soon MACD will form a green histogram if it form another white candle today.

BULL.

KLSE: UEMLAND (Bullish signal confirmed)

A bullish reversal signal formed on 21/12/10 - hammer. And a confirmation made on 22/12/10 with break out flag + high volume.

And I found this potential form of bottomed head and shoulder. Once it broke out its neckline with high volume. $$$$$$$ coming.

Besides, the MACD histogram turned into green colour from more than 4 red histogram. This shows another reversal from bear to bull.

Lastly, we also can see the stochastic is pointing up.

BULL.

Stocks to watch from TA views:-

TA - Well supported by 20 MA. Classical support (Previous resistance) 0.755. Volume shown sloping down and decreased drastically. (Just profit taking). Either wait for high volume with a bullish reversal signal, or MACD turns into green.

Tebrau - Doji appeared on 18/11/10 and another bullish reversal signal came out on 19/11/10 with higher volume. Just wait for MACD histogram to turn in green or any breakout on the 50/20 MA for a more safety trading. Currently well supported by classical support (the previous lower low). Stochastic in oversold region and is about to form bullish crossover.

KFima- well supported by previous high, 1.33. Rebounded from 20MA. Stochastic is about to form bullish crossover as well. If the FBMKLCI could perform well on next week, most likely will boost all the abovementioned stocks.

E&O - Ascending triangle formed. (Higher low, but same high) Await for breakout on 1.26 or for aggressive players could choose to enter now since its rebounding but the risk reward ratio is not really good.

IJM - wait for breakout as well to break the resistance at 5.70.

Harta - forming Bollinger band squeeze. If it could break above 5.63 would be a good entry.


Ramunia - this is one of the rumours from my uncle's friend. This guy said he has insider news saying that this company is about to announce that they are going to released from the PN7 on December. Believe it or not up to you.



The sectors which look positive are Finance and property.

RHB, Affin, AFG, AMMB are top picks for finance sector

Sunway (wait for breakout), UEMland, IJM, E&O and Tebrau are top picks for property sector

KLSE: LionDiv (Buy signal confirmed)

Buy signal confirmed on 4/11/10 with high volume. Harami pattern formed on 3/11/10 and white long candle as the confirmation on 4/11/10. MACD green bar formed with smaller size. Stochastic also crossing over.

KLSE: Annjoo (Awaiting for buy confirmation)

Steel sector has been moving strongly recently. Annjoo just break-out from the triangle. And well supported by the middle bollinger band. As we can see, the MACD green bar appeared with smaller bar which is a sign of reversal. Now, wait for confirmation and high volume.

Entering correction period for a few days

A very tradisional bearish head and shoulder formation had formed today closed with a long black candle. This will lead to the next support level 3090.

Price of rice and sugar are rising. SGX: Wilmar, IndoFood, GoldAgri & Olam

Price of rice has made a 18 months high and sugar price are rising as well. Therefore, highly recommend stocks like Wilmar, IndoFood, GoldAgri and Olam in SGX.

KLSE: Landmark (1643) (Update: Bottom Head&Shoulders)

A formation of " bottom head & shoulders " formed today which is a bullish signal. However, a potential evening shooting star formed at the same time. This might lead to a reversal for this stock. On the other hand, any break above the key resistance around 1.44 or 1.45 is a confirmation of the bullish trend for this stock. Just be cautious.

SGX: BakerTech (Break-out down trend line)

BakerTech has been gone for sideway for more than 3 months. Today, it break above the trend line again with some higher volume. However, it might face the strong resistance on 0.455.

SGX: SunVic (Break-out down trend line)

From the chart, we can see any break-out of the trend line will lead to a high rising for this stock. Furthermore, the stochastic is showing has triggered buying signals whenever there is a break above.

As SunVic is a chemical company which supply chemicals that for textiles, coating and also productions of painting. And their main customers are from China. Therefore, high demand in China will lead to high profit for this company. As we know, China is having some measure to prevent housing bubbles and this may lead to lower demand of housing and indirectly might affect SunVic company demand products.

However, on the other hand, SunVic announced for 800%++ growth in net profits and a buy call from Philip Securities.

Leave and watch

China market is going to off for 5 market days and US is going to announce GDP tonight. Correction might happen during these few days.