PERISAI (0047)

PERISAI PETROLEUM TEKNOLOGI BERHAD                                                  SHAHRIZUL NAZLI

Share Analysis

Longterm uptrend line that has been established since Sept 2011 is still intact and even the stiffer uptrend line is still intact. PERISAI is currently in a healthy correction as it

KLCI DAILY 24 JAN2014

KLCI INDEX                                                                                                                         Hafiz Rusli

Index Analysis

Based on the daily chart, long term uptrend still intact as the index still hovering above uptrend line. However correction can be seen on the opening of 2014 specify the end of window dressing activities. The artificial rally in November and December lead to heavy profit taking in the month of January. The correction will

CENSOF HOLDINGS BERHAD (5195)

CENSOF (5195)                                                                                                        HAFIZ RUSLI

Share analysis

Based on the weekly chart above, Censof has been traded in sideways pattern since 2011. However, the good news on the acquisition of TEB and GST implementation lead Censof to a strong rally in October and November 2013. Heavy volume on the upside movement and diminish during pullback indicate

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