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Traders’ Almanac
BM TECHNOLOGY INDEX –
Uptrend Extended
BM TECHNOLOGY INDEX – Upward trajectory extended Analysts
KRONOLOGI ASIA – Breakout on high volume Nik Ihsan Raja Abdullah, MSTA, CFTe
NOTION VTEC – A low is formed (603) 2297 8694
nikmohdihsan.ra@maybank-ib.com
CRUDE PALM OIL – Still volatile
KLCI INDEX FUTURES – Upside likely capped Tee Sze Chiah
(603) 2082 6858
TECHNICAL
likely between 1,749 and 1,770 in the near-term as indicators GOLD (-0.12) 1,299.90 DOWN
remain subdued. Downside supports are 1,749 and 1,744. USDMYR 0.11 4.2175 DOWN
(Sources: Bloomberg)
Bursa Malaysia Technology Index (KLTEC Index), as predicted earlier (refer to Trader’s Almanac dated 11 Oct
2017), took out the 38.52 level. This should pave way for greater upside ahead. Our previous expectation of an
extended rally towards 40.06 and 41.96 is still intact as selling pressure was well-absorbed. As the candles rise
further, its 30-day SMA is expected to diverge from the 50-day SMA, implying that the next up leg is likely
underway. Our optimism is also premised on the improving technical readings. After staging a positive
crossover, MACD is now rising at an accelerated pace while RSI is heading towards the upper band of the
neutral zone. With no signs of major downward reversal, technology stocks should continue to gain interest in
the near-term.
THIS REPORT HAS BEEN PREPARED BY MAYBANK INVESTMENT BANK BERHAD PP16832/01/2013 (031128)
SEE PAGE 5 FOR IMPORTANT DISCLOSURES AND ANALYST CERTIFICATIONS
Technical Research
TRADING IDEAS
STRATEGY:
ACCUMULATE (TECHNICAL)
STRATEGY:
ACCUMULATE (TECHNICAL)
Stock is still in a
consolidation mode but
we believe a low is
formed at MYR0.93. Once
the 30-day SMA
(currently at MYR1.00) is
taken out, next upswing
should lift share price
towards MYR1.07.
CRUDE PALM OIL FUTURES (FCPO) ACTIVE CONTRACT, HOURLY CANDLESTICK CHART (MYR2,762)
INTRADAY TREND
EXPECTATION:
INTRADAY TREND
EXPECTATION: