Comments: KLSE, MTD Infra, Tebrau

1) KLSE is still flat. Still needs to break above 940 to turn positive but any external weak factors will lead to a fall. Support is 931 & 926. I believe upside is limited & trend will be to the downside. No budget rally this year? Maybe if it falls to 926 then there will be one.

2) MTD Infra - is still holding above its support level of 1.00. Daily RSI & MACD are turning up. There is also a 2-year old trendline (A-B) which is holding up prices at this level. Technically it is still providing support & coupled with low volume this may be the low for MTDI. Reader Doraidd is sceptical of this stock & feels that stock holders like EPF may be selling on strength, but we can only base our judgement on TA not what holders may be doing. Doraidd has some valid points but I hold my view that technically there is support. Also fundamentally MTDI is not a rotten stock like Iris, because it has a fundamentally valid business and does have intrinsic value. That means it will have a support level & that may be just about right here at 1.00. However, like all speculative stocks you trade at your own risk but with tight cutloss levels I believe this stock is worth the risk with cutloss below 1.00.


3) Tebrau- In a slow downtrend. Formed a spinning top today below the first support line of 0.55, not very good. Strong support is at 0.50. If it breaks 0.50 then traders have to sell as it will weaken the chart considerably. It is still touch & go at the moment because it is forming a clear descending triangle & other indicators are all negative. The only consolation is the low volume, so maybe, just maybe it may bounce back. 0.50 is the key. See previous charts, not much change.