Talking Stock With The Doc

This Blog has been created for the purpose of sharing my ideas on investing on Bursa Malaysia using Technical Analysis. Stock market investing is a science & TA a scientific tool used by investment professionals. TA also has its sceptics but this is an oportunity for you to follow TA based investing ideas. So welcome to my blog and may you "Live Long And Prosper".

Friday, October 06, 2006

KLCI & Futures

KLCI - rose Thurs & is still positive but unless it breaks above the 970 strong resistance it still cannot be called bullish. While it is still within the DocTS strategy, the MACDH, DMI & ADX are still flat & not rising bullishly. This shows that the market is still uncertain if it can break the resistance. Maybe the new high in the Dow & rising Asian markets pushed up the CI but what we need is for the CI to break above 970 on strong volume, if not it will correct downwards first. Long term it is still bullish but some short term corrections will be healthy. But if it breaks above 970 then 980 & 1000 are the targets.


FKLI Futures - while signals appear similar to the CI, it appears slightly weaker. DMI & MACDH are turning flat while ADX is getting weaker indicating that the bullish uptrend may be getting weaker. Like the CI maybe the Dow & regional markets gave it a big lift. But this was on very low volume. Lets see what happens over the next couple of days. A fall below 959 will be bearish, a rise above 968 will be bullish. What will we see Friday?

Stock Updates

Hiapteck - this is my favourite stock as it is doing well & looking very bullish. But some minor correction Friday or Monday is possible before it continues its climb up. It has broken out of its first resistance at 1.00 & volume the last 3 sessions has been strong. All signals are bullish. 1.00 will act as a strong support. Next target is 1.20 & then 1.36. All time high is 1.70, reachable? Why not!



Jotech - while the price did rise on Thurs signals still haven't turned positive. Its still below the mid BB line, within the lower BB band, below the 7 & 14-day MAV, the 7-day MAV has crossed below the 14-day MAV indicating bearishness, the MACDH is still turning down, DMI still turning towards a negative cross & the strength of the upmove is weakening (ADX turning down). Thurs rise bounced off the 30-day MAV but vol on this rise is low, so it may be just a technical bounce. I still believe this stock is more bearish then bullish but I will change my mind if it rises above the midBB line into the upper BB channel & if it also rises above the 7 & 14-day MAV. Until then I would not buy this stock.


ACPI is softening. Prices have dropped just below the 7 & 14 day MAV but still within the upper BB channel. DMI is still ok but MACDH is moving flat to downwards. It is not yet a sell signal but needs watching.


Dreamgate - while still positive, is not very bullish. ADX is getting flat & so too the DMI. Prices are just on the 7 & 14-day MAV but still within the BB upper channel. Not much else can be said, we have to wait for its next moves to see if the positive trend continues.

Sime Engineering - all signals still positive. Resistance is strong at 1.51 but a break above this will make this stock a bull stock. Looking very good.

RHB is also still positive. Its not as strong as Utama but still within the required parameters of the DocTS strategy. 1.32 is a strong support.

Utama - all signals still positive. Resistance is strong at 1.23 & prices must break above this to turn the stock into a bull stock.

Thursday, October 05, 2006

KLCI & Futures

KLCI - is looking weak. DMI may make a -ve cross, MACDH at best is flat. More importantly the index has crossed below the 7-day MAV & is resting on the 14 day MAV. If 970 is too strong a resistance then the likelyhood is that it has to correct down first before making another attempt later. Futures are looking very weak as well, so I believe the CI will fall further & if it falls below the midBB line it will confirm the reversal into a downtrend. So watch out for this.


FKLI Futures are looking -ve. DMI looks like it will make a -ve cross, ADX is turning weak, MACDH is turning down as well. Index has fallen below the 7 & 14-day MAV & is resting on the mid BB line. A fall below this line coupled with the other weak signals will confirm the reversal & the futures will turn bearish. The 7-day MAV is also about to cross below the 14-day MAV another strong bearish signal. Time to shot the futures? Possibly bec going long would be very risky.

Stock Updates

ACPI - is turning -ve. MACDH is flat & may be turning down, price is below 7 & 14 day MAV & the 7-day has crossed below the 14-day MAV. It may still hold up but cautious traders may sell out & move to other stocks. This stock is definitely turning weaker.


Dreamgate - generally still positive although ADX is starting to flatten. We may see some sideways movement for a few days. So we have to keep an eye on this counter for its next signals. Other signals are still positive.


Hiapteck - has hit strong resistance at 1.00. It will probably see a minor correction next couple of days before attempting to climb again. Other signals all still bullish though we will probably see it fall back into the BB channel before making another attempt to cross 1.00.


Jotech - has started a bearish phase. All signals turning bearish. MACDH is turning down, DMI moving to a -ve cross & prices have fallen below the 7 & 14 day MAV as well as the midBB line. It is currently being supported by the 30-day MAV. Also the 7-day MAV has made a -ve cross of the 14-day MAV another bearish signal. This shows that Jotech has turned very bearish. The 30-day may hold, but unless it can cross above the mid-BB line, the bearish move will be extended. SELL.


Sime Engineering - Looking good & bullish. All signals very positive.

Utama - Still looking strong but 1.23 is a massive resistance. Any break above this will be very bullish. All signals looking very positive.

Wednesday, October 04, 2006

Stock Updates

The following stocks are still well supported by the DocTS trading indicators & the uptrend is still intact: Sime Engineering, Utama, ACPI & Dreamgate

1) RHB has strong support at 1.32. A break below 1.28 (the midBB line) will change the trend to bearish, so that has to be watched carefully. But for now it is still ok.


2) HiapTeck - very bullish. Broke out of the 0.91 resistance on strong volume. MACD, DMI, ADX & BB are all looking strong. Buy on corrections as next targets are 1.00 (strong resistance), 1.20 & 1.36. Indicators are strong & the bullish trend should be well supported. Any correction is a buying opportunity.


Jotech - has taken a turn for the worse. It has fallen below the 7 & 14 day MAV & importantly also below the mid-BB line. MACD is also showing signs of weakness but that is a slower indicator as is the DMI. Candlesticks also show a negative trend. If tomorrow (Wed) it does not pick up & rise above the midBB line then I would sell this stock as the bullish trend would have reversed. Keep a very close eye on this stock.

Sunday, October 01, 2006

KLCI & Futures

KLCI - slight correction on Friday but still no sell signals. Even the candlesticks show no reversal signs including the weekly. But 970 is proving to be a strong resistance. Nothing to do but wait for next moves, although if it cannot penetrate 970 next week then we may see it falling back a little or going sideways.


Futures - same as CI. No change to signals. Almost same level as CI, we'll just have to wait for its next move.

Stock Updates

All stocks are still looking good, no reversal signals yet anywhere. I am adding a new stock which is looking very positive, Dreamgate. My only concern is that the CI may be peaking. If it suddenly reverses course then all our stocks may see selling pressure, so we have to be careful of that. Otherwise there are no sell signals for any of our stocks.

New Stock - Dreamgate also is starting to look good using DocTS strategy. DMI made +ve crossover & ADX is flat but at 31 is fairly strong on the bullish side. MACDH looking very +ve & about to cross above zero. Prices are above all the MAV & also in the upper BB channel. BB widening positively. We're seeing some healthy correction, breakout may be coming. Target Price is 1.62 & 1.72. BUY.


1) ACPI - all signals still +ve. No change in position from last posting. ADX at 36 is getting stronger & more bullish. Still good to go higher.


2) HiapTeck - some weakness, but still no reversal sign. 0.91 is a strong resistance, needs more than 1 attempt to breakout. Hold.


3) Jotech - still looking very good. Vol also rising slowly, all signals are good, only needs to breakout of the 1.22 strong resistance & we will see it shoot up. Hold.


4) Sime Engineering - we are seeing some weakness but no sell signal. Prices still above 14-day MAV & within upper BB channel, so movement is still up. No DMI or MACDH crossovers but DMI & ADX starting to get flat. These are signs of softness but not of reversals. It could just be a correction of the over bought positions, nothing to worry about but keep an eye for falls below the 14-day MAV or mid-BB line. Otherwise still hold.


5) Utama - similar to Sime, some softness but normal. No reversal signals, DMI & ADX still very positive. Strong support at 1.15. Breakout above 1.23 will be very strong & bullish.