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.