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Monday, October 29, 2007

Here we come 1400!

KLCI had a steady performance on last Friday to close at all time high of 1398.35, up 20.08 points. Volume traded was healthy with 1.9 billion shares changed hand. Here we come 1400 which is just 2 points away and is within reach today.

The rise was led by the plantation sector with IOICorp (+0.60) and KLK (+0.50) leading the way. The strong performance of the plantation sector is fueled by the rising crude oil price. Some of the plantation counter worth watching are TWSPLNT, IJMPLNT, KMLOONG, KRETAM, CEPAT, AASIA and UNICO.

Some of the other stocks that may offer trading opportunities for the coming week are Sunway, Lionind, Lioncor, Pmetal, MMM, YTLe, and Online

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Disclaimer: The above is not a recommendation to buy or sell, all suggestions mentioned are purely for academic study purposes for our trend trader club members only, and the author may have personal interest and position in some of the examples mentioned. Any losses incurred if you were to trade base on the study examples above is sole your own responsibility. Do consult your dealer before taking any action.

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