DocTS Comments on Stocks, KLCI & Futures

1) Utama - Corrected 6 sen today but no change seen in DocTS signals. It is still positive. I will only be concerned if prices fall below the 7 & 14 day MAV for a start. Besides after a big rise on Friday some correction is healthy. Same comments for RHB as well.

2) Sime Eng- formed a spinning top. May be a sign of reversal. Its also at a strong resistance. Whether its a major reversal or minor correction remains to be seen. Other technicals still +ve. Needs to be watched closely. A minor correction is ok as long as other technicals remain sound.


3) Jotech - minor correction. Still supported by technicals. Only a fall below the 7 & 14 Day MAV will create concern. Must breach resistance at 1.22 to extend next move up.

4) ACPI - same as for Jotech. Technicals still supporting. Wait for next few days to clear up next moves. 1.00 will continue to be a resistance.

5) CI might start moving sideways. No indication yet of bearish or bullish moves altho Futures appears more bullish. There is no market moving news anywhere altho oil prices below US$60 is positive for the market & airlines stocks.

6) Futures was rather bullish Monday, but 970 will continue to be a strong resistance.