RHBInvest Research Highlights 08th November 2010

Monday, November 8, 2010

Top Story


Media:

  • MCIL still cheaper than Star.
  • Overweight stance on the sector.


Corporate Highlights


Sunrise:
  • Will the sun continue to shine.
  • We maintain our Outperform rating with a revised fair value of RM3.00.


Technical Highlights

Daily Trading Strategy:
  • Charging towards all-time high of 1,524.69.
  • In fact, with the global markets rallying further on Friday following a bullish breakout rally to a fresh 2-year high in the Wall Street,
  • We expect the FBM KLCI to jump start today in catching up with the recent gains in the overseas markets.
  • Furthermore, Thursday’s intraday high of 1,513.41 is taken out, this will make way for the bulls to charge in full force towards the all-time high at 1,524.69 soon, in our view.



Daily Technical Watch: Genting Plantations
  • Next stop, RM9.30 resistance level and RM9.40 all-time high.
  • Immediate Support at RM8.60
  • Immediate Resistance at RM9.30

Weekly Trading Idea: MRCB
  • Poised to stage a bullish breakout from RM2.20 and RM2.22.

Strategy: Trading Buy for a bullish breakout from RM2.20 and RM2.22.
  • Immediate Resistance at RM2.20
  • Immediate Support at RM1.95
  • Exit: Stop loss will be triggered if it loses 40-day SMA of RM2.02

1 comments:

Tadakala November 15, 2010 at 1:37 PM  

Thanks for this stuff, I was waiting for a time.
Keep this path....

Best Regarding.
Mutual Funds

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