KAREX BERHAD (5247)

KAREX BERHAD (5247)                                                                                 HAFIZ RUSLI

Share analysis

Based on the hourly chart, short term uptrend still intact as the price managed to stay above uptrend line. Volume divergence can be notice on the chart, volume diminish while price getting higher. It indicates that

WHAT WILL HAPPEN WHEN FED'S CUT STIMULUS

Tapering of QE                                                                HAFIZ RUSLI

Referring to, increase in interest rates; reduce liquidity in stock market and volatility in world currency. The fact is that, U.S will stop the quantitative easing when their economy improving. Therefore, good news will adversely influence the world market. Based on the inter market relationship, US dollar and interest negatively related to equity, commodity and bond price. When U.S begin the tapering program, US dollar and interest rate will rise thus it will create setback in equity, commodity and bond price. Market will be less liquid due to high borrowing cost.

South East Asia

Our market highly correlated with U.S Treasury because we received huge amount of foreign investment. ASEAN market consider as

TAS (5149)

TAS OFFSHORE BERHAD                                                                                    SHAHRIZUL NAZLI

Share Analysis

Price has penetrated the stiffer uptrend line and eventually will find support at Fibo 38.2% to create a valid uptrend line (45 degree). RSI is

MALTON (6181)

MALTON BERHAD                                                                                                SHAHRIZUL NAZLI

Share Analysis

Middle term uptrend line has been penetrated and further short term correction is expected. It is supported by RSI pointing down in oversold area and MACD lines about to cross below 0 line. Healthy correction is

Market overview 20 Nov2013

Market overview 20 Nov2013

Fundamental 

• Wall street retreated from historical high as investor wait for Fed release meeting minutes.
• Janet Yallen thinks that the quantitative easing should continue given that economy still fragile.
• Beware, stock market could

GUH (3247)

GUH HOLDING BERHAD                                                                                     SHAHRIZUL NAZLI

Share Analysis

GUH is currently in a short term healthy correction prior to its upside move. A reversal of short term trend is to be expected as lower band of Bollinger has been expended. It is backed by

AIRASIA (5099)

AIRASIA BERHAD                                                                                                       HAFIZ RUSLI

Share analysis

On the daily chart, Airasia share price traded in sideways pattern or trend less. Nevertheless, rebound can be noticed on the RSI when it reached previous low, buying interest start to