FBMKLCI, AMEDIA, CIMB, PERMAJU, GENM, GOCEAN, IJM

At the moment, we could see our market progressing into recovering mode with budget boost and most likely election would be held next year, KLCI could reach all time high again (1655) and probably break it and marching to higher level (1659). Today KL index closed at ~1643. The next resistance at 1646, and 1665. Now, we are in final Q of the year, we could see some counter to start rally. Me personally, would love to see construction counter to move after been down from Feb this year.. Soon, MRT tender award will be announced and this could boost on certain construction counter.

AMEDIA
--> Signals are showing.

KLSEPSP - Expecting KLCI to 1648 & higher

KLCI outlook:

This is Weekly chart on the index. Expecting in few days, index to reach 1648 and 1658 in coming weeks.

You may check the pattern in daily chart with some indicators below..
1) RSI shows recovering strength.
2) MACD : looking forward for another bullish cross.
3) Stochastic : just reaching about 80%.. i think still got room for more..

Miss Out 1 More Sector

I miss out one more sector.
Another one is trading/service.
On Friday's closed looks quite promising with morubozu candle.
Index is expected to continue up to 201.9, 203.2 then 204.
Other indicators are also seems good.
Stoch & Wm%R are going high, hopefully buyer will still have high interest on this sector counter.

KLCI's Potential Sector

On Friday, KLCI's Index showed strong momentum to close at 1596.33 (+10.89pts).
This means that our index ended 1st quarter with increment of 4.77% (+72.73). But yet again, we failed to close at 1600 by 1st quarter.
If Friday's momentum is about to continue, most probably we will hit 1600 on the 1st day of 2nd quarter. But what counter should we give attention in order to get some swing profit?
I picked some potential sector based on my thought.

FINANCE

Current closed index is 12321.65. Expected to continue for few days with target of 14344, 14445, then 14546.
The arrows are indicated as high volume occurred price momentum should persistence as 2 pattern before.

Expecting KLCI to drop on Monday 19.3.2012

with last minute drop on last Friday, i expecting on Monday will drop some more.
with 1st drop target is 1566, if the downfall is persist, then will go further 1560.

Regard to this, i expecting penny stock will be in play again.