BursaKakis Channel :
Uob Kay Hian Daily Top Pick, 15 Nov 2016

Sunzen, 0148
Close, 0.23
Breakout, 0.245
Buy TP, 0.31, 0.345
Support, 0.20
SL, 0.195

Time Frame, 2 Weeks to 2 Months

Pasdec, 6912
Close, 0.505
Buy, TP, 0.58, 0.61
Support, 0.45
SL, 0.445
Time frame 2 weeks to 2 months

Tomypak, 7285
Close, 1.68
Breakout, 1.73
Buy TP, 1.91, 1.98
Support, 1.60
SL, 1.59
Time frame, 2 weeks to 2 months


BursaKakis Channel :
M+ Online Morning Buzz – 15Nov16

Dow Jones: 18,868.69 pts (+21.03pts, +0.11%)
U.S. stockmarkets ended on a mixed note overnight as the Dow advanced for the sixth straight session but the S&P 500 slipped 0.01%.

FBM KLCI: 1,616.64 pts (-17.55pts, -1.07%)
The local bourse started off the week on a negative tone after the key index tanked below the 1,630 support level. The next support level is pegged at the 1,610 level.

Crude Palm Oil: RM2,852 (-RM122, -4.10%)
Crude palm oil prices halted a five straight sessions of gains on concern over slower demand. The RM2,800 level will serve as the immediate support level.

WTI Crude Oil: $43.32 (-$0.09, -0.21%)
Crude oil prices found some support above the US$43 per barrel level. Crude oil prices might continue to hover between US$43-US$46 levels.

Gold: $1,221.35 (-$6.29, -0.51%)
Gold prices recovered from a three-day selldown on concern over the sustainability of the rally in Wall Street. Gold prices might trade at a rangebound mode between US$1,200-US$1,250.

Economic Releases:
Eurozone – Eurozone 3Q2016 GDP Rate – 15Nov16, 6.00PM
US – US’ October Retail Sales Data – 15Nov16, 9.30PM

Bursa Malaysia Trade Statistics – 14Nov16
Institutions: Net BUY 189.8 mln (53.5%)
Retail: Net BUY 63.9 mln (13.4%)
Foreign: Net SELL 253.7 mln (33.1%)

Potential Momentum Stocks – 15Nov16
Stock Name: RGB (0037)
Entry: Buy above RM0.235
Target: RM0.25 (6.4%), RM0.265 (12.8%)
Stop: RM0.23 (-2.1%)
Shariah: No
Technical: Flag-formation breakout

Stock Name: EG (8907)
Entry: Buy above RM0.845
Target: RM0.895 (5.9%), RM0.935 (10.7%)
Stop: RM0.82 (-3.0%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online

Reuters-U.S. stocks closed little changed on Monday after rising dramatically the week before and a decline in the technology sector offset a steep rise in financial stocks as investors bet on higher interest rates.

After choppy trading late in the session, the Dow ended at a record high while the S&P 500 and the Nasdaq Composite dipped.

“I think all we’re doing is trimming our sails a little from the violently positive rally we had post-election results last week,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.

The tech-heavy Nasdaq Composite has been under pressure since the Nov. 8 election as investors poured money into sectors such as financials, industrials and energy, which are seen benefiting from President-elect Donald Trump’s policies.

The financial index rose 2.3 percent, with banks including Bank of America JPMorgan providing the biggest boost. The index has risen 10.8 percent since the election on hopes of deregulation and higher interest rates.

While the financial rally gained steam, the S&P technology index closed down 1.7 percent, leading the decliners. The index has fallen 3 percent since the election.

Apple fell 2.5 percent and weighed the most on the Nasdaq and the S&P 500, followed by Facebook and Microsoft.

Since technology valuations have soared in recent years, investors are switching money to sectors such as banks, which has been relatively cheaper but should now benefit from rising interest rates, said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.

Investors have been betting technology will look relatively less attractive if Trump lives up to his promise to review regulation in healthcare and financial sectors and to increase government spending on infrastructure to boost economic growth.

“If growth becomes more even and available, we may see a continuation of rotation into lower-valuation, more cyclical businesses and out of high-valuation growth stocks like technology,” said James Abate, chief investment officer at Centre Asset Management in New York.

The Dow Jones industrial average closed up 21.03 points, or 0.11 percent, to 18,868.69, the S&P 500 lost 0.25 points, or 0.01 percent, to 2,164.2 and the Nasdaq Composite dropped 18.72 points, or 0.36 percent, to 5,218.40.

Bursa Malaysia Stocks

Tuesday 15/11/2016

Latest Currency exchange is RM4.41

SSteel result just out, wanna make some money from intraday trading?

Ssteel has just release their quarterly result, EPS 4.6 is good but not very surprising, can try to perform FIFO if it doesn’t gap up too high. If Ssteel buying interests are very strong, quantities queued there are intended to be breaking through, maybe will create short term steel sentiments, bringing up other steel stock such as : Melewar, Mycron, Cscstel , Masteel and etc…

Trade carefully because, SEA Stock Market and currencies are poorly perform, many people are staying away from stock market temporarily, it’s very difficult to perform FIFO

Other momentum TRADING stocks can try to monitor, find good entry price: sendai,


Logic Trading Analysis Channel:


Dear All,

The FBMKLCI closed lower at -17.55 point or -1.07% to close at 1616.64.

FBMKLCI continue to fall as market worried on RM weakening. Closing low if tomorrow continue to fall and break 1600 then will breaking one year support then we may revisit 1500. Without breaking, then rebound shall happen as our local fund still strongly supporting.

DJIA remain very bullish, we not yet see sign of crashing, but do also be careful. We don’t know when Trump start his presidency, the market will slow down or not.

We only spotted a few strong moving stock,therefore short term are not suitable for now.

Welcome to our channel :
https://telegram.me/ltachannel !

Non born to be devil, so stay as angel this Tuesday !

“Goreng Tetap Goreng” !
Yours Sincerely,
Logic Trading Analysis
BursaKakis Channel :
BKs Technical Ideas 15/11/2016

1) Gadang (Live call @ 2.61 on 14/11)
2) Karex (Ideas @ 2.53 on 11/11)
3) 11 Plantation Counters as per watchlist.

  • INNO
  • MHC
  • SOP

Kindly refer to charts posted in BKs Channel.

Our Telegram Link: telegram.me/bursakakis

Our Facebook Link : https://www.facebook.com/groups/192414771167397/

DISCLAIMER: The comments here are for sharing and learning purposes and do not represent a recommendation to buy or sell. Kindly consult your remisiers or dealers before you take any action. Thank you.


CIMB Trading Ideas 15/11/2016

1) Sendai

Kindly refer to charts posted in BKs Channel.

Our Link : telegram.me/bursakakis

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