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Friday, January 21, 2011

CNY Megasales : KLSE's top 21 losers(that I stalk)

1. KLK (55) - look at 21.85
2. Genting (53) - look at 11.05
3. MHB (58) - look at 5.90
4. PPB (44) - look at 16.75
5. Kulim (55) - look at 13.10
6. CIMB (36) - look at 8.30
7. TWS (66) - look at 6.90
8. UMW (46) - look at 7.10
9. BStead (55) - look at 5.40
10. KNM (54) - look at 2.80

Stage 1 : List out all the top losers that I stalk during a day when there is a Mega-Sales.

Note : From here, I am focusing on the 21 stocks at this point of time.

Stage 2 : Check the RSI for each of the stock - create a working-sheet for them to jot down their current RSI.

Note : Choose the one with RSI below 50. Trim further the list.

Stage 3 : Draw a horizontal support to check on the next level to buy.

Note : If the stock have more space to move lower, highlight it further. Good stock to stalk.

TEH : I have done stage 3 with the top ten so far. So far, in the filtered list are CIMB, PPB and UMW. Yes, the top-30 preferred.

11. PChem (69) - look at 6.05
12. AMMB (44) - at support currently.
13. UEMLand (53) - loot at 2.58
14. Supermax (53)
15. Penergy (61) - look at 1.75
16. IJM (60) - look at 6.50
17. KimLun (49) - look at 1.62
18. TWSPlant (52)
19. Parkson (52) - look at 5.60
20. Bursa (62)
21. SPSetia (59)

11.50 pm : Just came back from Uni Hospital. Dad is ailing.

So, from the list above we have AMMB, CIMB, PPB, UMW and KimLun to stalk with intention to buy next week. Adding Tenaga, make it 6 in the stalk list.

The above is only for illustration what I might do if I was PATIENT with cash in hand, waiting for such a huge correction, and ready for shopping next week.


Who were selling yesterday?

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